CRE(SH:600217)2024-10-30 08:37Financial Performance - The company's operating revenue for Q3 2024 was ¥1,075,894,831.70, representing a year-on-year increase of 9.27%[2] - The net profit attributable to shareholders for Q3 2024 was -¥98,893,674.89, a decrease of 336.25% compared to the same period last year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥101,546,888.65, down 350.65% year-on-year[2] - The basic and diluted earnings per share for Q3 2024 were both -¥0.0669, a decline of 322.26% compared to the same period last year[3] - The weighted average return on equity for Q3 2024 was -3.64%, a decrease of 323.31% year-on-year[3] - The company reported a net profit of CNY 1,738,073,281.93 for the first three quarters of 2024, slightly up from CNY 1,726,145,513.56 in 2023, showing a marginal increase of about 0.69%[19] - The net profit for the third quarter of 2024 was CNY 68,029,048.29, an increase from CNY 53,826,361.76 in the same period of 2023, representing a growth of approximately 26.3%[21] - The total profit for the third quarter was CNY 92,430,188.35, compared to CNY 33,669,522.79 in the previous year, indicating a significant increase of approximately 174.6%[21] - Operating income for the third quarter reached CNY 92,792,901.55, up from CNY 34,593,472.13 in the same quarter of 2023, marking an increase of about 168.8%[21] Assets and Liabilities - The total assets at the end of Q3 2024 amounted to ¥8,339,003,480.76, reflecting a 10.35% increase from the end of the previous year[3] - The total liabilities decreased to CNY 4,833,561,882.23 in Q3 2024 from CNY 4,939,760,018.51 in Q3 2023, a reduction of approximately 2.14%[18] - The company's total assets as of Q3 2024 amounted to CNY 8,339,003,480.76, up from CNY 7,556,702,411.17 in Q3 2023, marking an increase of about 10.34%[19] - Short-term borrowings increased to CNY 1,366,817,666.64 in Q3 2024 from CNY 1,198,987,918.61 in Q3 2023, reflecting a rise of approximately 14.03%[18] Shareholder Information - The equity attributable to shareholders increased by 33.94% year-on-year, reaching ¥3,487,632,517.16[3] - The total number of common shareholders at the end of the reporting period is 38,780[9] - The largest shareholder, China Recycled Resources Development Group Co., Ltd., holds 428,120,283 shares, accounting for 25.83% of the total shares[9] - The second-largest shareholder, China Recycled Resources Reclamation Development Co., Ltd., holds 104,667,052 shares, representing 6.31% of the total shares[9] - The company has no pledged shares among its top shareholders, indicating a stable ownership structure[11] Cash Flow and Financing - The company reported a cash flow from operating activities of -¥410,341,508.26 for the year-to-date period[3] - Cash flow from operating activities for the first three quarters of 2024 was CNY 2,634,996,879.14, compared to CNY 2,390,829,234.63 in 2023, reflecting an increase of approximately 10.2%[24] - The company reported a net cash outflow from operating activities of CNY -410,341,508.26 for the third quarter, worsening from CNY -314,029,465.09 in the same quarter of the previous year[24] - Cash and cash equivalents at the end of the period stood at CNY 901,230,837.91, a significant increase from CNY 305,872,408.44 at the end of the same period in 2023[25] - The company raised CNY 873,756,962.86 from new investments during the third quarter of 2024[25] - The total cash inflow from financing activities was CNY 2,710,406,962.87, compared to CNY 1,597,597,262.00 in the previous year, indicating a growth of approximately 69.8%[25] Revenue and Costs - Total operating revenue for the first three quarters of 2024 reached CNY 2,899,868,085.76, an increase from CNY 2,734,708,669.99 in the same period of 2023, representing a growth of approximately 6.04%[20] - Total operating costs for the first three quarters of 2024 were CNY 2,761,889,201.82, compared to CNY 2,564,583,795.21 in 2023, indicating an increase of about 7.69%[20] - The company reported an increase in sales revenue from CNY 2,232,826,390.17 in the first three quarters of 2023 to CNY 2,512,013,343.36 in 2024, representing a growth of about 12.5%[23] Research and Development - Research and development expenses increased to CNY 595,109.41 in 2024 from CNY 308,677.09 in 2023, reflecting a growth of approximately 92.96%[20] Government Regulations - The company has received notice from the Ministry of Finance and other departments regarding the suspension of the waste electrical and electronic products processing fund starting January 1, 2024[12] - The new management measures for the waste electrical and electronic products processing fund will allocate funds based on the previous year's recovery volume, with a weight of 70%[14] - The company expects potential adjustments in the recognition of special fund income for 2024, pending annual audit results[15] Industry Focus - The company is involved in the solid waste management industry, specifically focusing on the recycling and processing of waste electrical and electronic products[12]