CECO(SH:603698)2024-10-29 10:47Financial Performance - The company's operating revenue for Q3 2024 was ¥563,416,323.76, representing a year-on-year increase of 9.45%[2] - The net profit attributable to shareholders for Q3 2024 was ¥36,786,079.09, up 12.81% compared to the same period last year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses for the year-to-date was ¥125,400,758.31, reflecting a 32.60% increase year-on-year[5] - Total operating revenue for the first three quarters of 2024 reached ¥1,667,372,001.52, an increase of 12.2% compared to ¥1,485,770,897.78 in the same period of 2023[13] - Net profit for the first three quarters of 2024 was ¥150,342,724.18, a significant increase of 48.5% compared to ¥101,121,354.61 in the same period of 2023[14] - The company’s total profit for the first three quarters of 2024 was ¥171,549,199.25, compared to ¥102,707,746.44 in the same period of 2023, reflecting a growth of 67%[14] Assets and Liabilities - The company's total assets at the end of the reporting period reached ¥7,829,608,942.37, a 43.34% increase from the end of the previous year[3] - As of September 30, 2024, total assets reached RMB 7,829,608,942.37, an increase from RMB 5,462,392,753.24 at the end of 2023, reflecting a growth of approximately 43.4%[12] - Total liabilities amounted to RMB 2,902,073,936.65, up from RMB 2,180,097,243.41, which is an increase of approximately 33%[12] - The company's equity attributable to shareholders reached RMB 3,341,802,095.77, compared to RMB 3,272,095,509.83, reflecting a growth of about 2.1%[12] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥449,396,679.16, a significant decrease of 601.00% compared to the previous year[6] - Cash flow from operating activities for the first three quarters of 2024 was negative at -¥449,396,679.16, a decline from positive cash flow of ¥89,699,113.32 in the previous year[16] - The net cash flow from financing activities was 11,418,677.23, compared to a negative 42,234,386.02 in the previous period[17] - The total cash and cash equivalents at the end of the period amounted to 1,893,953,858.23, down from 2,031,172,576.89 at the beginning of the period[17] - The cash balance at the end of the period reflects a decrease in liquidity compared to the previous quarter[17] Investments and Expenses - The company is actively expanding its business through mergers and acquisitions, including an investment in Aerospace Hydrogen Energy Co., Ltd.[6] - Research and development expenses for the first three quarters of 2024 amounted to ¥96,231,700.86, slightly down from ¥99,875,032.88 in the previous year[14] - The company reported a significant increase in sales revenue from services, with cash received from sales of goods and services totaling ¥1,067,829,924.24 in 2024, down from ¥1,251,106,165.02 in 2023[15] - The company’s financial expenses showed a notable improvement, with a net financial income of -¥54,054,362.43 in 2024, compared to -¥33,414,920.34 in the previous year[14] Shareholder and Dividend Information - The company received government subsidies amounting to ¥999,717.56 during the reporting period[4] - The company distributed dividends and interest payments totaling 86,188,554.25, compared to 52,434,386.02 in the previous period[17] - The company received 23,800,000.00 in cash from minority shareholders' investments[17] Accounting and Reporting Changes - The company has not reported any significant changes in its major shareholders or their participation in financing activities during the reporting period[8] - The company is implementing new accounting standards starting in 2024, which may affect financial reporting[17]