Deye(SH:605117)2024-10-29 11:02Financial Performance - The company's operating revenue for Q3 2024 reached ¥3,267,871,555.26, representing a year-on-year increase of 128.16%[2] - Net profit attributable to shareholders for Q3 2024 was ¥1,003,919,509.97, a significant increase of 229.52% compared to the same period last year[2] - The net profit after deducting non-recurring gains and losses for Q3 2024 was ¥921,159,847.29, reflecting a year-on-year growth of 187.53%[2] - Basic earnings per share for Q3 2024 were ¥1.59, up 213.52% from the previous year[3] - Total operating revenue for the first three quarters of 2024 reached ¥8,016,066,000.83, a 26.8% increase from ¥6,325,905,703.74 in the same period of 2023[16] - Operating profit for the first three quarters of 2024 was ¥2,572,848,678.58, compared to ¥1,821,777,572.68 in the previous year, reflecting a significant growth[17] - Net profit attributable to shareholders for the first three quarters of 2024 was ¥2,239,603,338.01, up from ¥1,568,267,580.18 in 2023, indicating a year-over-year increase of 42.7%[17] - The total comprehensive income for the first three quarters of 2024 was ¥2,239,269,693.98, compared to ¥1,567,958,653.72 in the same period of 2023, representing a growth of 42.7%[18] - The company's basic earnings per share for the first three quarters of 2024 were ¥3.64, compared to ¥2.60 in the previous year, indicating a 40% increase[18] Assets and Liabilities - Total assets at the end of Q3 2024 amounted to ¥15,256,376,309.17, an increase of 41.04% compared to the end of the previous year[3] - The total liabilities as of the end of Q3 2024 amounted to ¥5,877,246,321.60, compared to ¥5,585,950,423.64 at the end of Q3 2023, showing an increase of 5.2%[15] - The equity attributable to shareholders reached ¥9,379,129,987.57, marking a 79.28% increase year-on-year[3] - The company's total equity reached ¥9,379,129,987.57, up from ¥5,231,433,595.23 in the previous year, marking an increase of 79.5%[15] - The total number of common shareholders at the end of the reporting period is 32,647[8] - The largest shareholder, Ningbo Meishan Bonded Port Area Aisri Investment Management Co., Ltd., holds 228,636,979 shares, accounting for 35.46% of total shares[10] Cash Flow - The company reported a net cash flow from operating activities of ¥2,683,105,526.11 for the year-to-date, which is a 25.66% increase compared to the same period last year[3] - The cash inflow from operating activities for the first three quarters of 2024 was CNY 6,632,103,456.53, an increase of 14.93% compared to CNY 5,771,572,804.28 in the same period of 2023[20] - The net cash flow from operating activities was CNY 2,683,105,526.11, up 25.67% from CNY 2,135,189,827.93 year-on-year[20] - The cash inflow from investment activities reached CNY 8,206,616,211.72, significantly higher than CNY 1,143,684,154.74 in the previous year[20] - The net cash flow from investment activities was -CNY 2,199,301,524.30, worsening from -CNY 1,116,817,535.87 in the same period last year[20] - The cash inflow from financing activities totaled CNY 6,060,339,079.38, compared to CNY 1,915,000,000.00 in 2023[21] - The net cash flow from financing activities was -CNY 218,595,832.35, a decline from a positive CNY 37,962,198.19 in the previous year[21] - The total cash and cash equivalents at the end of the period amounted to CNY 2,699,350,291.72, down from CNY 3,336,846,982.25 at the end of Q3 2023[21] Market Expansion and Operations - The company has expanded its market presence in emerging markets such as Pakistan, Ukraine, India, and the Philippines, compensating for declines in the South African market[6] - The rapid growth in sales of energy storage battery packs has significantly contributed to the increase in revenue and net profit for the reporting period[7] - The company completed a targeted issuance of shares and employee stock option exercises, contributing to the increase in total assets and equity[7] Inventory and Expenses - The company reported a significant increase in inventory, which rose to ¥1,379,829,349.94 from ¥754,002,316.31[13] - Research and development expenses for the first three quarters of 2024 were ¥354,019,879.50, slightly up from ¥343,240,295.86 in the same period of 2023[16] - The total cost of operations for the first three quarters of 2024 was ¥5,566,232,763.63, compared to ¥4,302,989,169.27 in the same period of 2023, reflecting a rise of 29.3%[16] - The company's financial liabilities included accounts payable of ¥1,812,398,775.64, which increased from ¥836,876,432.30 year-over-year[14] - The cash paid to employees increased to CNY 565,971,241.75, up 25.14% from CNY 452,378,662.42 in the previous year[20] - The cash paid for taxes was CNY 489,934,512.04, an increase from CNY 431,017,946.48 in the same period last year[20] - The company received tax refunds of CNY 351,083,483.66, an increase of 76.38% compared to CNY 199,288,236.60 in the same period last year[20] Shareholder Participation - The company has not reported any changes in the participation of major shareholders in margin trading or securities lending[11] - Short-term borrowings decreased to ¥1,597,377,702.78 from ¥2,422,906,277.78[13]