Anfu Technology(SH:603031)2024-10-29 09:18Financial Performance - The company's operating revenue for Q3 2024 reached ¥1,281,773,882.91, representing an increase of 11.41% compared to the same period last year[2]. - Net profit attributable to shareholders was ¥56,806,385.94, a significant increase of 50.49% year-over-year[2]. - The net profit after deducting non-recurring gains and losses was ¥56,343,038.92, up by 49.53% compared to the previous year[2]. - The net profit attributable to shareholders for the current period is 50.49 million RMB, primarily due to an increased shareholding in Anfu Energy and optimized borrowing structure, resulting in lower financial expenses[9]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for the current period is 49.53 million RMB, reflecting similar reasons as above[9]. - The company reported a net profit of CNY 486,241,250.36 for the first three quarters of 2024, compared to CNY 401,807,932.09 in the same period of 2023, indicating a growth of 20.97%[15]. - The net profit for Q3 2024 was CNY 676,388,028.47, an increase of 14.4% compared to CNY 591,598,682.51 in Q3 2023[17]. Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date period was ¥705,925,200.27, an increase of 44.02% compared to the same period last year[3]. - The cash flow from operating activities increased by 44.02 million RMB, mainly due to higher revenue and increased cash receipts[9]. - The cash flow from financing activities showed a net outflow of 454.53 million RMB, mainly due to increased loan repayments and higher dividends compared to the previous year[9]. - The cash flow from operating activities for the first three quarters of 2024 was CNY 705,925,200.27, significantly higher than CNY 490,170,671.85 in the same period of 2023, marking an increase of 43.9%[20]. - The total cash flow from investing activities for the first three quarters of 2024 was a net outflow of CNY 173,194,479.94, an improvement from a net outflow of CNY 537,000,320.05 in the same period of 2023[20]. - The financing activities generated a net cash outflow of CNY 38,175,106.60 in Q3 2024, compared to a net inflow of CNY 10,767,726.65 in Q3 2023[20]. - The company reported a significant increase in cash and cash equivalents, with a change of 87.10% attributed to increased cash receipts and short-term borrowings[6]. - The company's cash and cash equivalents increased to CNY 1,063,644,721.44 as of September 30, 2024, compared to CNY 568,502,807.69 at the end of 2023, representing an increase of 86.73%[14]. - The cash and cash equivalents at the end of Q3 2024 amounted to CNY 1,043,870,876.56, compared to CNY 365,414,920.89 at the end of Q3 2023, showing a significant increase of 186.5%[21]. Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥6,863,357,170.61, reflecting a growth of 2.33% from the end of the previous year[3]. - The total assets of the company increased to CNY 6,863,357,170.61 as of September 30, 2024, compared to CNY 6,706,819,721.18 at the end of 2023, reflecting a growth of 2.33%[15]. - The company's total liabilities increased to CNY 2,908,701,184.56, up from CNY 2,715,794,026.88 at the end of 2023, representing a growth of 7.11%[15]. - The total equity attributable to shareholders decreased by 2.34% to ¥1,817,562,585.37 compared to the end of the previous year[3]. - The equity attributable to shareholders decreased slightly to CNY 1,817,562,585.37 from CNY 1,861,081,464.07 at the end of 2023, a decline of 2.34%[15]. Operational Metrics - The basic earnings per share for Q3 2024 was ¥0.27, down by 20.59% year-over-year[3]. - The basic earnings per share for Q3 2024 was CNY 0.71, a decrease from CNY 0.92 in Q3 2023, reflecting a decline of 22.8%[18]. - The operating profit for Q3 2024 was CNY 818,257,968.46, compared to CNY 701,515,143.51 in Q3 2023, reflecting a growth of 16.7%[17]. - Total operating revenue for the first three quarters of 2024 reached CNY 3,594,362,250.94, an increase of 7.13% compared to CNY 3,354,634,181.70 in the same period of 2023[16]. - Total operating costs for the first three quarters of 2024 were CNY 2,764,277,049.06, up from CNY 2,640,575,196.81 in 2023, reflecting a growth of 4.68%[16]. Other Financial Aspects - Non-recurring gains and losses for the period included government subsidies totaling ¥1,846,126.57, with a year-to-date total of ¥9,126,025.25[4]. - The company reported a significant decrease in financial expenses by 42.84% compared to the same period last year, attributed to an optimized borrowing structure[9]. - The investment income for the period was 140.75 million RMB, influenced by significant foreign exchange losses in the previous period[9]. - The total accounts receivable increased to 62.94 million RMB, driven by increased OEM business volume and longer collection periods from overseas customers[9]. - The company’s construction in progress increased by 562.92 million RMB due to updates and new warehouse construction[9]. - The company’s short-term borrowings increased by 60.78 million RMB to supplement working capital[9]. - The company’s inventory decreased by 37.70 million RMB, primarily due to pre-holiday stockpiling in the previous year[9]. - The company incurred a loss of CNY 403,000,000.00 in other comprehensive income for Q3 2024, compared to a loss of CNY 89,000,000.00 in Q3 2023[18]. - The company reported a total comprehensive income of CNY 273,388,028.47 for Q3 2024, down from CNY 502,598,682.51 in Q3 2023, indicating a decrease of 45.7%[18].