Silan(SH:600460)2024-10-30 07:35Financial Performance - The company's operating revenue for Q3 2024 reached ¥2,889,439,655.35, representing a year-on-year increase of 19.22%[2]. - The net profit attributable to shareholders for the same period was ¥53,802,292.36, while the net profit excluding non-recurring gains and losses decreased by 34.21% to ¥14,113,307.83[2][7]. - The basic earnings per share for Q3 2024 was ¥0.03, up from ¥0.02 in the same period last year[4]. - Total operating revenue for the first three quarters of 2024 reached ¥8.16 billion, a 18.4% increase from ¥6.90 billion in the same period of 2023[17]. - Net profit for the first three quarters of 2024 was a loss of ¥100.17 million, an improvement from a loss of ¥188.00 million in the same period of 2023[18]. - The company reported a total comprehensive loss of ¥100.29 million, an improvement from a loss of ¥187.53 million in the previous year[19]. Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥24,195,615,843.50, reflecting a 1.20% increase compared to the end of the previous year[4]. - As of September 30, 2024, the company's current assets totaled approximately CNY 13.31 billion, a slight decrease from CNY 13.49 billion as of December 31, 2023, representing a decline of about 1.3%[14]. - The company's cash and cash equivalents decreased to CNY 4.70 billion from CNY 6.13 billion, a reduction of approximately 23.4%[14]. - Accounts receivable increased to CNY 2.71 billion, up from CNY 2.32 billion, reflecting a growth of about 16.8%[14]. - Inventory rose to CNY 3.92 billion, compared to CNY 3.73 billion, indicating an increase of approximately 5.1%[14]. - Non-current assets totaled CNY 10.89 billion, an increase from CNY 10.42 billion, representing a growth of about 4.5%[15]. - Current liabilities increased to CNY 6.95 billion from CNY 5.64 billion, reflecting a rise of about 23.2%[16]. - The company's total liabilities amounted to CNY 10.71 billion, compared to CNY 10.49 billion, indicating an increase of approximately 2.1%[16]. - Shareholders' equity rose to CNY 13.48 billion from CNY 13.42 billion, reflecting a growth of about 0.4%[16]. Cash Flow - The net cash flow from operating activities increased by 323.07 million RMB compared to the same period last year, primarily due to expanded sales scale and increased cash received from sales of goods and services[8]. - Cash flow from operating activities totaled ¥4.92 billion, compared to ¥4.06 billion in the same period of 2023, reflecting a 21.3% increase[20]. - The net cash flow from operating activities was $145.75 million, a significant improvement from a net outflow of $177.32 million in the previous period[21]. - The total cash outflow from operating activities was $4.77 billion, up from $4.24 billion in the previous period, reflecting higher operational costs[21]. Investment and Expenses - Research and development expenses increased by 21.34% year-on-year, focusing on new products such as power modules and MEMS sensors[7]. - Research and development expenses rose to ¥755.30 million, a 29.3% increase compared to ¥584.03 million in the previous year[17]. - Sales expenses increased to ¥127.77 million, up from ¥119.12 million year-over-year[17]. - The company’s management expenses rose to ¥363.85 million, compared to ¥268.93 million in the same period of 2023, marking a 35.3% increase[17]. Future Outlook - The company plans to maintain full production capacity across its 5, 6, 8, and 12-inch chip production lines in Q4 2024[7]. - The company aims to stabilize and gradually improve its gross profit margin in Q4 2024 through competitive product offerings and cost control measures[7]. - The company is experiencing a new phase of rapid development, supported by national policies and the fast growth of downstream industries such as electric vehicles, new energy, computing power, and communications[8].