SCAC(SH:600618)2024-10-30 08:03Financial Performance - Revenue for Q3 2024 reached ¥2,116,224,256.59, an increase of 16.42% compared to the same period last year[2] - Net profit attributable to shareholders for Q3 2024 was ¥240,714,971.40, reflecting a significant increase of 61.88% year-over-year[2] - Net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2024 was ¥237,771,511.27, up 70.35% from the previous year[2] - Basic earnings per share for Q3 2024 were ¥0.2082, a rise of 61.90% compared to the same period last year[3] - Diluted earnings per share for Q3 2024 were also ¥0.2082, marking a 61.90% increase year-over-year[3] - Net profit for the first three quarters of 2024 was ¥642,100,840.57, compared to ¥515,668,216.77 in 2023, representing a growth of 24.5%[16] - In Q3 2024, the total comprehensive income reached CNY 641,486,178.73, an increase of 26% compared to CNY 508,553,889.61 in Q3 2023[18] - Basic and diluted earnings per share for Q3 2024 were CNY 0.5245, up from CNY 0.3855 in Q3 2023, reflecting a growth of 36%[18] Cash Flow and Investments - Net cash flow from operating activities for the year-to-date period increased by 62.07% to ¥732,580,167.60[7] - Cash flow from operating activities for the first three quarters of 2024 was CNY 732,580,167.60, compared to CNY 452,022,349.62 in the same period of 2023, marking a 62% increase[19] - The net cash flow from investing activities was -CNY 22,593,677.68 in the first three quarters of 2024, an improvement from -CNY 172,948,565.88 in the same period of 2023[20] - Cash flow from financing activities showed a net outflow of CNY 1,847,962,714.84 in the first three quarters of 2024, compared to a net outflow of CNY 205,052,463.80 in 2023[20] - The company reported a net cash inflow from operating activities of CNY 5,930,065,917.17 for the first three quarters of 2024, compared to CNY 5,119,857,327.46 in 2023, representing a growth of 16%[19] - The company recorded a tax refund of CNY 83,585,766.58 in the first three quarters of 2024, a substantial increase from CNY 8,476,104.98 in the same period of 2023[19] Assets and Liabilities - Total assets as of the end of Q3 2024 were ¥11,327,691,115.80, a decrease of 7.61% compared to the end of the previous year[3] - The total assets decreased to ¥11,327,691,115.80 in Q3 2024 from ¥12,260,700,804.54 in Q3 2023, a decline of 7.6%[13] - Total liabilities decreased to ¥2,867,276,276.58 in Q3 2024 from ¥3,525,410,148.85 in Q3 2023, a reduction of 18.6%[13] - The equity attributable to shareholders increased to ¥8,473,648,539.71 in Q3 2024 from ¥8,128,830,209.75 in Q3 2023, an increase of 4.2%[13] - The company's cash and cash equivalents as of September 30, 2024, amounted to ¥2,424,749,166, a decrease from ¥3,562,164,816.98 at the end of 2023[11] Shareholder Information - The total number of common shareholders at the end of the reporting period was 74,723[8] - The largest shareholder, Shanghai Huayi Holdings Group Co., Ltd., holds 538,805,647 shares, accounting for 46.59% of the total shares[9] - The company has not reported any significant changes in shareholder participation in margin financing and securities lending[9] Operational Insights - The company attributed the profit growth to improved management and stable operations at Guangxi Chlor-Alkali Company, leading to increased production and sales[6] - Total operating revenue for the first three quarters of 2024 reached ¥6,008,730,831.74, an increase of 13.9% compared to ¥5,273,185,841.57 in the same period of 2023[14] - Total operating costs for the first three quarters of 2024 were ¥5,373,890,839.11, up from ¥4,813,963,181.35 in 2023, reflecting a year-on-year increase of 11.7%[14] - Research and development expenses increased to ¥200,410,010.49 in 2024 from ¥160,255,068.71 in 2023, marking a rise of 25%[16] Changes in Financial Metrics - The weighted average return on equity for Q3 2024 was 2.8827%, an increase of 0.98 percentage points from the previous year[3] - Accounts receivable increased to ¥313,157,507.11 from ¥243,645,120.02 year-over-year[11] - Inventory decreased to ¥352,502,341.63 from ¥408,187,291.59 year-over-year[11] - Long-term equity investments decreased to ¥887,509,133.35 from ¥1,019,419,717.25 year-over-year[11] - Fixed assets decreased to ¥4,643,400,884.14 from ¥4,877,307,116.62 year-over-year[11] - The total current assets as of September 30, 2024, were ¥3,568,216,298.54, down from ¥4,588,438,004.84 at the end of 2023[11] - Short-term borrowings rose significantly to ¥642,581,782.89 in Q3 2024 from ¥250,122,222.22 in Q3 2023, an increase of 157.5%[13] Strategic Developments - There are no significant new strategies or product developments mentioned in the report[10]