SPM(SH:600459)2024-10-30 08:25Financial Performance - The company's operating revenue for Q3 2024 was ¥12,524,510,279.19, a decrease of 0.37% compared to the same period last year[2]. - Net profit attributable to shareholders for Q3 2024 was ¥127,785,540.92, an increase of 14.34% year-on-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥104,422,036.20, reflecting a significant increase of 50.89% compared to the previous year[2]. - The net profit for Q3 2024 reached CNY 473,953,079.24, an increase of 13.5% compared to CNY 417,172,864.10 in Q3 2023[18]. - The total profit amounted to CNY 522,668,482.70, up from CNY 490,946,069.81, reflecting a growth of 6.0% year-over-year[18]. - The operating profit for the quarter was CNY 522,803,079.02, compared to CNY 491,028,158.74 in the same period last year, indicating a rise of 6.5%[18]. - Basic and diluted earnings per share were both CNY 0.59, an increase from CNY 0.53 in Q3 2023[19]. - The company reported other income of CNY 205,173,676.74, significantly higher than CNY 36,649,272.60 in Q3 2023[18]. - Investment income increased to CNY 24,785,684.69 from CNY 15,424,475.07, marking a growth of 60.7%[18]. - The total comprehensive income for the quarter was CNY 472,175,259.18, compared to CNY 421,365,016.72 in the same quarter last year, reflecting a growth of 12.1%[19]. Assets and Liabilities - The total assets at the end of the reporting period reached ¥16,649,131,753.27, marking a 41.40% increase from the end of the previous year[3]. - The total assets of the company as of the end of Q3 2024 amounted to CNY 16,649,131,753.27, up from CNY 11,774,557,717.99 at the end of Q3 2023, marking an increase of about 41.8%[16]. - The company's total liabilities reached CNY 9,517,296,680.69 in Q3 2024, an increase from CNY 5,000,407,535.77 in Q3 2023, indicating a rise of about 90.5%[15]. - The company's equity attributable to shareholders increased to CNY 6,848,586,075.82 in Q3 2024 from CNY 6,507,587,302.53 in Q3 2023, representing a growth of about 5.25%[16]. Cash Flow - The net cash flow from operating activities for the year-to-date was -¥334,183,056.07, a decrease of 132.91% compared to the previous year[6]. - Cash flow from operating activities showed a net outflow of CNY 334,183,056.07, contrasting with a net inflow of CNY 1,015,400,773.98 in the previous year[20]. - The cash inflow from operating activities totaled CNY 39,019,370,909.76, slightly down from CNY 39,857,128,393.95 in Q3 2023[20]. - The net cash flow from financing activities was $563,866,947.03, a significant improvement compared to a net outflow of $2,001,318,306.55 in the previous period[21]. - Cash and cash equivalents at the end of the period totaled $1,649,752,959.12, up from $1,564,990,952.23 at the beginning of the period, indicating a net increase of $84,762,006.89[21]. - The total cash inflow from financing activities was $4,213,659,060.23, compared to $1,812,444,886.53 in the previous period, reflecting a substantial increase[21]. - Cash outflows from financing activities amounted to $3,649,792,113.20, slightly down from $3,813,763,193.08 in the previous period[21]. - The company paid $288,667,805.66 in dividends, profits, or interest during the period, compared to $211,774,823.15 in the previous period[21]. - The company reported a cash inflow from loans received of $4,191,924,114.75, compared to $1,736,220,263.56 in the previous period[21]. - The impact of exchange rate changes on cash and cash equivalents was $1,889,005.00, down from $22,558,805.71 in the previous period[21]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 50,268[8]. - The largest shareholder, Yunnan Provincial Investment Holding Group Co., Ltd., holds 293,256,319 shares, accounting for 38.55% of total shares[8]. - The company has not disclosed any changes in the top 10 shareholders due to margin trading activities[11]. - The top 10 shareholders include several investment funds, with the largest fund holding 18,459,667 shares, representing 2.43%[9]. - The company has no pledged or frozen shares among the top shareholders[8]. - The total number of preferred shareholders with restored voting rights is zero[8]. - The company has not identified any related party relationships among the top shareholders[9]. Operational Costs and Expenses - Total operating revenue for the first three quarters of 2024 reached CNY 36,967,781,940.85, an increase from CNY 35,084,012,506.83 in the same period of 2023, representing a growth of approximately 5.37%[17]. - Total operating costs for the first three quarters of 2024 were CNY 36,566,422,933.75, compared to CNY 34,569,360,715.22 in 2023, indicating an increase of about 5.78%[17]. - Research and development expenses increased to CNY 195,953,712.99 in 2024 from CNY 155,060,611.96 in 2023, reflecting a growth of approximately 26.5%[17]. - The company reported a significant increase in inventory, which rose to CNY 5,789,653,780.77 in Q3 2024 from CNY 4,230,980,212.57 in Q3 2023, reflecting a growth of about 37%[15]. - Short-term borrowings increased to CNY 2,087,214,453.46 in Q3 2024, compared to CNY 710,153,842.03 in Q3 2023, indicating a rise of approximately 194.5%[15]. Other Financial Information - The company reported government subsidies of ¥18,139,577.29 for the current period, contributing to its non-recurring gains[4]. - The increase in net profit was primarily driven by improved profitability in the precious metal resource recycling business[6]. - The company experienced an increase in accounts receivable, notes receivable, and inventory, impacting cash flow negatively[6]. - Accounts receivable increased to ¥2,181,512,805.00 from ¥1,542,235,887.82 in the previous period[12]. - The company reported a significant increase in financial assets, with derivative financial assets rising to ¥59,269,723.29 from ¥23,266,277.57[12]. - The company did not apply the new accounting standards for the first time in 2024, as stated in the report[22].