华泰股份(600308) - 2024 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2024 was ¥3,093,474,546.65, a decrease of 9.53% compared to the same period last year[2]. - The net profit attributable to shareholders for Q3 2024 was -¥15,863,736.77, representing a decline of 128.11% year-on-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥16,907,245.86, down 137.69% from the previous year[2]. - The basic earnings per share for Q3 2024 was -¥0.01, a decrease of 127.03% compared to the same period last year[3]. - The diluted earnings per share for Q3 2024 was also -¥0.01, reflecting the same decline of 127.03%[3]. - Total operating revenue for the first three quarters of 2024 was CNY 9,624,223,210.52, a decrease of 5.44% compared to CNY 10,179,576,525.16 in the same period of 2023[17]. - Net profit for the first three quarters of 2024 was CNY 170,006,914.09, slightly down from CNY 174,019,559.81 in 2023, representing a decrease of 2.92%[18]. - The total profit for the first three quarters of 2024 was CNY 199,557,485.58, down from CNY 243,422,368.24 in 2023, reflecting a decrease of 18.00%[18]. - The net profit for the first three quarters of 2024 reached CNY 680,567,586, significantly up from CNY 80,648,989 in the first three quarters of 2023, marking an increase of over 740%[27]. - The total profit for the first three quarters of 2024 was CNY 679,815,901.30, compared to CNY 83,793,660.57 in the same period of 2023, showing an increase of over 700%[27]. Cash Flow and Assets - The net cash flow from operating activities for the year-to-date was ¥155,562,616.05, down 69.86% compared to the previous year[2]. - The net cash flow from operating activities for Q3 2024 was CNY 155,562,616.05, a decrease of 69.9% compared to CNY 516,201,876.74 in Q3 2023[21]. - Cash inflow from operating activities totaled CNY 11,241,533,375.68, down from CNY 11,543,966,302.32 in the previous year, indicating a decline of 2.62%[20]. - Cash flow from operating activities for the first three quarters of 2024 was CNY 108,323,847, down from CNY 284,059,453 in the same period of 2023, indicating a decline of about 62%[29]. - The company's cash and cash equivalents decreased to RMB 1.87 billion from RMB 2.05 billion, representing a decline of about 8.76%[13]. - Cash and cash equivalents at the end of Q3 2024 stood at CNY 1,146,228,313.70, compared to CNY 1,115,384,387.44 at the end of 2023, reflecting a slight increase of 2.8%[23]. - The company's total assets amounted to CNY 10,693,081,640.66, a decrease from CNY 10,810,479,850.44 at the end of 2023, representing a reduction of 1.1%[24]. - Total current assets decreased to CNY 4,507,474,314.67 in Q3 2024, down from CNY 5,549,506,469.79 at the end of 2023, a decline of 18.7%[23]. - The company's total assets amounted to RMB 15.49 billion, an increase from RMB 15.24 billion at the end of 2023, reflecting a growth of approximately 1.63%[14]. Liabilities and Equity - The total liabilities of the company rose to RMB 6.18 billion from RMB 5.94 billion, which is an increase of about 4.05%[15]. - Total liabilities decreased to CNY 4,813,699,478.44 in Q3 2024, down from CNY 5,451,693,655.19 at the end of 2023, a decline of 11.7%[24]. - The company's equity attributable to shareholders at the end of the reporting period was ¥9,274,150,606.92, a slight increase of 0.08% year-on-year[3]. - The company's equity increased to CNY 5,879,382,162.22 in Q3 2024, up from CNY 5,358,786,195.25 at the end of 2023, reflecting an increase of 9.7%[25]. Share Repurchase and Investment - The company held 25,590,000 shares in its repurchase account, accounting for 1.69% of the total share capital[8]. - The company repurchased a total of 25,590,000 shares, representing 1.69% of its total share capital, with a total expenditure of approximately RMB 88.66 million[11]. - The company plans to continue its share repurchase program with a budget of between RMB 60 million and RMB 120 million over the next 12 months[10]. - The total cash inflow from investment activities increased to CNY 1,204,722,901.52 in Q3 2024, up from CNY 728,936,926.48 in Q3 2023, representing a growth of 65.1%[21]. - The net cash flow from investment activities was negative at CNY -718,803,227.43, slightly improved from CNY -816,983,841.07 in the same period last year[21]. - The company reported a significant increase in investment income, which rose to CNY 38,959,801.80 from CNY 27,769,328.28, an increase of 40.19%[17]. - Investment income for the first three quarters of 2024 was CNY 810,728,163, compared to CNY 184,669,487 in the same period of 2023, reflecting a growth of approximately 338%[26]. Costs and Expenses - The decline in net profit was primarily due to higher raw material costs, particularly for wood pulp, which significantly increased the costs of cultural paper and coated paper[5]. - Total operating costs decreased to CNY 9,494,859,372.03 from CNY 10,006,643,571.33, reflecting a reduction of 5.09%[17]. - Research and development expenses increased to CNY 242,105,298.41 from CNY 217,722,286.21, marking an increase of 11.16%[17]. - Research and development expenses increased to CNY 179,607,756.54 in the first three quarters of 2024, up from CNY 164,670,964.03 in the same period of 2023, representing a rise of approximately 9%[26]. - The company’s financial expenses decreased to CNY 64,001,800.94 in the first three quarters of 2024 from CNY 72,369,453.42 in the same period of 2023, a reduction of about 12%[26]. - The company recorded a net credit impairment loss of CNY 17,220,904.67, compared to CNY 3,627,979.10 in the previous year, indicating a significant increase in losses[17].