利通电子(603629) - 2024 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2024 was ¥602,420,941.57, representing a year-on-year increase of 28.29%[2] - The net profit attributable to shareholders for Q3 2024 was ¥10,755,324.91, a significant increase of 212.92% compared to the same period last year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses reached ¥10,870,681.95, reflecting a remarkable growth of 641.65% year-on-year[2] - The basic earnings per share for Q3 2024 was ¥0.04, up 315.86% from the previous year[3] - Total operating revenue for the first three quarters of 2024 reached CNY 1,490,845,713.40, an increase of 3.4% compared to CNY 1,442,333,064.98 in the same period of 2023[16] - Net profit for the first three quarters of 2024 was CNY 55,024,869.04, compared to CNY 30,373,179.69 in the same period of 2023, representing an increase of 81.5%[17] - The net profit attributable to shareholders of the parent company for the first three quarters of 2024 was CNY 52,700,455.95, up from CNY 30,627,680.15 in 2023[18] - Basic and diluted earnings per share for the first three quarters of 2024 were both CNY 0.20, compared to CNY 0.12 in the same period of 2023[18] - The company reported a comprehensive income total of CNY 44,987,270.78 for the first three quarters of 2024, compared to CNY 34,773,566.05 in 2023[18] Assets and Liabilities - The total assets at the end of the reporting period were ¥6,049,813,385.99, an increase of 66.49% compared to the end of the previous year[3] - The total assets at the end of the reporting period amounted to 66.49 million, primarily due to the increase in computing power business and prepayments for computing power rentals and related purchases[8] - The total liabilities as of the end of the third quarter of 2024 amounted to CNY 4,389,582,736.60, compared to CNY 1,958,233,504.95 at the end of the third quarter of 2023[16] - The company's current liabilities totaled RMB 3,124.26 million, compared to RMB 1,433.92 million at the end of 2023[15] - The company's long-term borrowings increased to RMB 100.80 million from RMB 40.00 million at the end of 2023[15] Cash Flow - Cash flow from operating activities for the year-to-date was reported as -¥661,672,921.95, indicating a negative cash flow situation[2] - The net cash flow from operating activities for the first nine months was -661,672,921.95 CNY, compared to 383,374,786.64 CNY in the same period last year[20] - Total cash inflow from operating activities reached 3,073,119,241.05 CNY, a significant increase from 1,669,357,525.24 CNY year-on-year[20] - Cash outflow for purchasing goods and services was 3,401,248,188.55 CNY, compared to 899,948,586.46 CNY in the previous year, indicating a substantial rise in operational costs[20] - The net cash flow from investing activities was -4,147,850.63 CNY, a decrease from -495,902,219.78 CNY year-on-year, reflecting improved investment management[21] - Cash inflow from financing activities totaled 1,158,240,326.19 CNY, up from 650,000,000.00 CNY in the previous year, indicating increased financing efforts[21] - The company repaid debts amounting to 534,100,000.00 CNY during the period, compared to 276,792,300.00 CNY last year, showing a focus on debt management[21] - The ending cash and cash equivalents balance was 414,949,781.90 CNY, down from 531,375,826.62 CNY at the end of the previous year[21] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 26,288, indicating a broad shareholder base[9] - The major shareholder, Shao Shuwei, holds 36.51% of the shares, with significant pledges on his holdings[9] Government Support and Subsidies - The company received government subsidies amounting to ¥1,156,288.29 during the reporting period, contributing positively to the financial results[4] - The deferred income increased by 123.32 million, mainly due to government subsidies received[7] Business Operations - The company reported a significant increase in accounts receivable by 36.98%, primarily due to the computing power business[6] - The prepayments from customers for computing power rentals led to a significant increase in the advance receipts by 1,127.10 million[7] - The company experienced an asset impairment loss of 244.83 million, mainly due to a decline in product sales prices[7] - The company reported a financial expense of 401.04 million, primarily due to the amortization of financing costs related to computing power leasing[7] Future Plans and Changes - The company plans to provide a total guarantee amount of up to RMB 3 billion for its subsidiary, Shanghai Century Litong Data Service Co., Ltd.[11] - As of now, the actual guarantee amount provided to Century Litong is RMB 1,001.26 million, with an outstanding guarantee balance of RMB 1,998.74 million[11] - The company completed the acquisition of a 4.90% stake in its subsidiary, Shanghai Century Litong Data Service Co., Ltd., in June 2024[12] - The company sold a 60% stake in its subsidiary, Anhui Boying, for RMB 3.4 million, and the transaction has been completed[12] - The company is implementing new accounting standards starting in 2024, which may affect future financial reporting[22]