滨化股份(601678) - 2024 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2024 reached ¥3,007,994,524.22, representing a 49.74% increase compared to the same period last year[2] - The net profit attributable to shareholders for Q3 2024 was ¥84,084,303.05, a decrease of 35.19% year-on-year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2024 was ¥80,826,008.18, down 38.30% from the previous year[2] - The basic earnings per share for Q3 2024 was ¥0.05, reflecting a decline of 16.67% compared to the same period last year[4] - The total operating revenue for the first three quarters of 2024 reached CNY 7,565,392,617.81, a significant increase of 39.2% compared to CNY 5,434,876,473.52 in the same period of 2023[18] - The net profit attributable to shareholders of the parent company for Q3 2024 was CNY 189,228,286.07, compared to CNY 279,636,616.25 in Q3 2023, indicating a decrease of 32.4%[19] - The total comprehensive income for Q3 2024 was CNY 176,385,628.42, compared to CNY 334,433,151.42 in Q3 2023, showing a decline of 47.3%[20] - The basic earnings per share for Q3 2024 were CNY 0.10, down from CNY 0.14 in Q3 2023, indicating a decrease of 28.6%[20] Assets and Liabilities - The total assets as of the end of Q3 2024 amounted to ¥22,339,938,111.69, an increase of 5.70% from the end of the previous year[4] - The total assets of Binhu Chemical Group Co., Ltd. reached approximately RMB 22.34 billion, an increase from RMB 21.13 billion in the previous year, reflecting a growth of about 5.7%[15] - Current assets totaled RMB 3.91 billion, slightly down from RMB 4.03 billion year-over-year, indicating a decrease of approximately 3.1%[15] - The total liabilities amounted to RMB 18.01 billion, up from RMB 16.01 billion, indicating a growth of about 12.5%[15] - The total liabilities as of Q3 2024 were CNY 10,954,212,683.92, an increase from CNY 9,610,368,481.50 in Q3 2023, representing a growth of 13.9%[17] Cash Flow - The company reported a net cash flow from operating activities of ¥322,096,966.41 for the year-to-date, down 30.55% compared to the same period last year[2] - The net cash flow from operating activities for the first three quarters of 2024 was CNY 322,096,966.41, down from CNY 463,787,788.11 in 2023, indicating a decrease of about 30.5%[22] - Cash inflow from investment activities totaled CNY 261,230,915.64, compared to CNY 4,384,492,727.24 in the previous year, reflecting a decline of approximately 94.0%[22] - The net cash outflow from investment activities was CNY 1,523,754,435.97, worsening from a net outflow of CNY 772,244,385.33 in 2023[22] - Total cash inflow from financing activities was CNY 5,176,304,405.58, an increase from CNY 3,309,942,180.01 in the same period last year, marking a growth of about 56.4%[23] - The net cash flow from financing activities for the first three quarters of 2024 was CNY 1,014,657,165.30, compared to CNY 459,232,138.81 in 2023, representing an increase of approximately 120.5%[23] Operational Insights - The decline in net profit was attributed to increased costs from depreciation of assets, halted capitalization of loan interest, and lower prices for key products such as epoxy propylene and caustic soda[9] - The company experienced a significant increase in revenue due to the startup of certain facilities in its subsidiary's carbon three and four comprehensive utilization project[9] - The company has no significant new product launches or technological developments reported in this quarter[12] - There are no major mergers or acquisitions mentioned in the current report, focusing instead on internal growth strategies[12] Inventory and Investments - The company's inventory increased significantly to RMB 908.25 million, up from RMB 521.48 million, representing a growth of about 74%[15] - Long-term equity investments rose to RMB 2.10 billion, compared to RMB 1.88 billion in the previous year, marking an increase of approximately 11.7%[15] - The company reported a significant increase in accounts receivable, which rose to RMB 144.64 million from RMB 101.65 million, a growth of about 42.2%[13] Cash and Equivalents - The cash and cash equivalents stood at RMB 1.16 billion, down from RMB 2.07 billion, indicating a decrease of approximately 44%[15] - The cash and cash equivalents at the end of Q3 2024 were CNY 1,200,000,000, reflecting a decrease of 15% compared to CNY 1,411,764,706 in Q3 2023[20] - The cash and cash equivalents at the end of the period decreased to CNY 661,369,327.70 from CNY 1,819,033,949.71 in the previous year, a decline of about 63.6%[23]