Hoshine Silicon(SH:603260)2024-10-29 09:27Financial Performance - Revenue for Q3 2024 was CNY 7,099,346,333.33, a decrease of 10.68% compared to the same period last year[2] - Net profit attributable to shareholders for Q3 2024 was CNY 476,412,740.12, an increase of 18.42% year-over-year[2] - Net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 415,887,851.76, up 20.86% from the previous year[2] - Basic and diluted earnings per share for Q3 2024 were CNY 0.40, down 34.22% compared to the same period last year[3] - The company reported a decrease in net profit for the year-to-date period of 33.42% due to lower sales prices and market price declines in the photovoltaic industry[6] - Total operating revenue for the first three quarters of 2024 reached CNY 20,371,012,469.12, an increase from CNY 19,886,099,371.15 in the same period of 2023, representing a growth of approximately 2.45%[15] - Net profit for the first three quarters of 2024 was CNY 1,422,439,204.84, down from CNY 2,162,520,772.23 in the same period of 2023, reflecting a decrease of approximately 34.2%[16] - The company's operating profit for the first three quarters of 2024 was CNY 2,098,369,255.47, compared to CNY 2,902,521,639.47 in 2023, showing a decline of around 27.7%[15] - Basic earnings per share for the first three quarters of 2024 were CNY 1.23, down from CNY 1.87 in the same period of 2023[16] Assets and Liabilities - Total assets at the end of Q3 2024 were CNY 88,227,529,128.16, an increase of 5.86% from the end of the previous year[3] - The total liabilities increased to CNY 55,614,158,204.22 in the third quarter of 2024, compared to CNY 50,921,033,016.62 in the previous year, marking an increase of about 9.5%[15] - The total liabilities increased to ¥34.97 billion from ¥26.62 billion, marking a rise of approximately 31.5%[12] - The company's total equity attributable to shareholders reached CNY 32,628,514,426.38, up from CNY 32,406,134,238.54 in 2023, reflecting a growth of approximately 0.68%[15] Cash Flow and Expenditures - The cash inflow from operating activities for the first three quarters of 2024 was approximately CNY 18.75 billion, an increase of 39.4% compared to CNY 13.48 billion in the same period of 2023[18] - The net cash flow from operating activities was CNY 1.82 billion, a significant recovery from a negative cash flow of CNY -160 million in the previous year[18] - The cash inflow from investment activities decreased to CNY 1.29 billion, down 56.6% from CNY 2.97 billion in the prior year[19] - The cash outflow for capital expenditures was CNY 3.72 billion, a decrease of 77% compared to CNY 16.16 billion in the same period of 2023[19] - The net cash flow from financing activities was CNY -2.58 billion, an improvement from CNY -17.34 billion in the previous year[19] - The total cash and cash equivalents at the end of the period were CNY 492.66 million, down from CNY 1.12 billion at the end of the previous year[19] - The company received CNY 6.18 billion in borrowings, compared to CNY 20.27 billion in the same period last year[19] Shareholder Information - The number of common shareholders at the end of the reporting period was 43,668[7] - The largest shareholder, Ningbo Hoshine Group Co., Ltd., held 546,647,073 shares, representing 46.24% of the total shares[7] - The company has a significant shareholder structure, with Ningbo Hosheng Group holding 546,647,073 shares, representing a substantial portion of the total shares[9] Research and Development - Research and development expenses for the first three quarters of 2024 amounted to CNY 455,250,909.77, a decrease from CNY 557,927,192.95 in 2023, indicating a reduction of approximately 18.4%[15] - The company is actively involved in the development of new technologies and products, although specific details were not disclosed in the report[10] Other Financial Metrics - Non-recurring gains and losses for the current period included government subsidies amounting to CNY 38,607,930.99[4] - Other comprehensive income after tax for the first three quarters of 2024 was CNY -18,765,922.59, compared to CNY 47,531,118.78 in 2023, showing a significant decline[16] - The company's cash and cash equivalents decreased to ¥1.10 billion from ¥1.79 billion, representing a decline of approximately 38.4%[11] - Inventory levels rose significantly to ¥9.94 billion, up from ¥7.15 billion, indicating an increase of around 39.1%[11] - The company's accounts payable increased to ¥15.89 billion from ¥13.72 billion, reflecting a growth of approximately 15.9%[12] - The company's short-term borrowings decreased from ¥7.12 billion to ¥5.24 billion, a reduction of about 26.5%[12] - The company reported a decrease in financial expenses to CNY 636,889,620.57 in 2024 from CNY 427,757,141.47 in 2023, indicating an increase of about 48.8%[15] - The cash received from tax refunds was CNY 2.16 billion, a substantial increase from CNY 405 million in the previous year[18] - The company paid CNY 2.50 billion to employees, an increase of 39.1% from CNY 1.80 billion in the same period of 2023[18] - The cash outflow for other operating activities was CNY 1.44 billion, slightly up from CNY 1.39 billion in the previous year[18]