HIGHLY(SH:600619)2024-10-30 07:58Financial Performance - The company's operating revenue for Q3 2024 was approximately ¥4.19 billion, a decrease of 0.06% compared to the same period last year[1]. - The net profit attributable to shareholders for the year-to-date period was approximately ¥22.71 million, showing a significant increase of 13.36% year-on-year[1]. - The net profit attributable to shareholders, excluding non-recurring gains, was approximately -¥11.26 million for the current period, indicating challenges in core business performance[5]. - The net profit for the third quarter of 2024 was a loss of CNY 5,561,786.98, compared to a loss of CNY 169,061,812.91 in the same quarter of 2023, indicating an improvement in financial performance[14]. - The net profit attributable to shareholders of the parent company for Q3 2024 is ¥22,710,947.40, compared to a net loss of ¥88,387,490.20 in Q3 2023, indicating a significant improvement[15]. - The total comprehensive income for Q3 2024 is -¥5,644,469.74, compared to -¥189,239,179.60 in Q3 2023, showing a reduction in losses[15]. - The net profit for the first three quarters of 2024 was ¥161,978,040.52, compared to ¥173,535,845.03 in the same period of 2023, reflecting a decline of 6.7%[22]. Revenue and Costs - The company's operating revenue increased by 13.36% year-on-year, primarily driven by the sales growth of rotary compressors[9]. - Total operating revenue for the first three quarters of 2024 reached CNY 15,173,007,610.24, an increase of 13.3% compared to CNY 13,384,434,522.00 in the same period of 2023[13]. - Total operating costs for the third quarter of 2024 were CNY 15,208,775,990.43, up from CNY 13,540,579,496.60 in the previous year, reflecting a year-on-year increase of 12.3%[14]. - The operating profit for the third quarter of 2024 was ¥162,078,040.52, a decrease of 6.5% from ¥173,685,845.03 in the previous year[22]. Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥22.23 billion, reflecting a growth of 4.48% compared to the end of the previous year[2]. - The total assets increased to CNY 22,227,745,209.96 from CNY 21,274,525,084.60, marking a growth of 4.5% year-on-year[12]. - Current liabilities rose to CNY 12,986,134,701.28, compared to CNY 10,252,146,424.94 in the previous year, reflecting a significant increase of 26.8%[12]. - The total liabilities increased to CNY 14,419,964,948.67 from CNY 13,455,386,273.35, reflecting a growth of 7.2% year-on-year[12]. - The company's equity increased to ¥5,791,046,584.59 in Q3 2024, up from ¥5,636,640,448.03 in Q3 2023, reflecting a growth of 2.7%[20]. Cash Flow - The net cash flow from operating activities for the year-to-date period increased by 96.03%, reaching approximately ¥1.76 billion[1]. - Cash flow from operating activities for the first three quarters of 2024 is ¥1,761,726,849.43, up from ¥898,702,045.07 in the same period of 2023, reflecting a strong operational performance[16]. - Total cash inflow from operating activities in Q3 2024 is ¥16,197,192,935.70, compared to ¥14,040,783,156.14 in Q3 2023, representing an increase of approximately 15.4%[16]. - The net cash flow from financing activities for Q3 2024 is -¥103,657,487.94, compared to -¥50,530,826.81 in Q3 2023, indicating increased cash outflows[17]. - The net cash flow from financing activities improved to CNY 998,670,157.48 in 2024, compared to a negative CNY -575,600,299.03 in 2023[24]. Investments and Development - The company is actively pursuing new product development and market expansion strategies in the automotive sector[9]. - Research and development expenses for the third quarter of 2024 were CNY 679,754,044.05, up from CNY 603,553,879.57 in the previous year, showing an increase of 12.6%[14]. - Research and development expenses for the first three quarters of 2024 were ¥205,086.53, significantly lower than ¥721,534.42 in the same period of 2023, indicating a reduction of 71.5%[21]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 87,932, with the largest shareholder holding 26.41% of the shares[7]. - The equity attributable to shareholders increased slightly by 0.10% to approximately ¥6.10 billion compared to the end of the previous year[2].