Hongfa(SH:600885)2024-10-30 08:41Financial Performance - The total revenue for the third quarter reached CNY 3,637,808,901.72, representing a year-on-year increase of 12.19%[2] - The net profit attributable to shareholders was CNY 425,068,768.87, reflecting a growth of 14.55% compared to the same period last year[2] - The net profit after deducting non-recurring gains and losses was CNY 413,392,377.72, with a year-on-year increase of 16.52%[2] - The basic earnings per share (EPS) was CNY 0.4077, up by 7.04% from the previous year[2] - Total operating revenue for the first three quarters of 2024 reached ¥10,869,000,223.68, an increase of 10.0% compared to ¥9,883,276,480.58 in the same period of 2023[16] - Operating profit for the first three quarters of 2024 was ¥1,918,217,165.42, up from ¥1,719,060,244.10 in the previous year, reflecting a growth of 11.6%[16] - Net profit attributable to shareholders of the parent company for the first three quarters of 2024 was ¥1,269,452,759.13, compared to ¥1,103,223,169.07 in 2023, marking an increase of 15.1%[17] - The company reported a total profit of ¥1,916,259,247.12 for the first three quarters of 2024, an increase from ¥1,716,004,237.51 in the same period of 2023, representing a growth of 11.7%[17] Assets and Liabilities - Total assets at the end of the reporting period amounted to CNY 20,594,367,189.17, an increase of 16.20% from the end of the previous year[4] - The equity attributable to shareholders reached CNY 9,144,352,343.89, marking a 9.63% increase year-on-year[4] - As of September 30, 2024, the total assets of Hongfa Technology Co., Ltd. reached RMB 20,594,367,189.17, an increase from RMB 17,723,687,718.05 at the end of 2023, representing a growth of approximately 10.4%[13] - The total liabilities increased to ¥8,381,500,962.63 in Q3 2024 from ¥6,666,000,759.08 in Q3 2023, representing a growth of 25.7%[15] - The total equity increased to ¥12,212,866,226.54 in Q3 2024 from ¥11,057,686,958.97 in Q3 2023, reflecting a growth of 10.4%[15] Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 1,205,381,511.64, down by 27.62% compared to the previous year[2] - In the first three quarters of 2024, the cash inflow from operating activities reached ¥10,372,549,384.75, an increase of 11.14% compared to ¥9,334,270,736.62 in the same period of 2023[20] - The net cash flow from operating activities for the first three quarters of 2024 was ¥1,205,381,511.64, down 27.53% from ¥1,665,300,362.75 in 2023[20] - The cash inflow from investment activities was ¥1,099,879,904.92, significantly higher than ¥140,299,091.40 in the previous year, marking a growth of 684.36%[21] - The cash outflow from financing activities totaled ¥1,700,292,404.76, compared to ¥577,510,010.05 in the previous year, reflecting an increase of 194.36%[21] - The net cash flow from financing activities was ¥490,953,903.07, a turnaround from -¥25,546,421.37 in the same period of 2023[21] Operational Metrics - The weighted average return on equity (ROE) was 4.76%, a decrease of 0.18 percentage points compared to the previous year[2] - Research and development expenses for the first three quarters of 2024 were ¥534,870,405.18, an increase from ¥474,292,081.09 in the same period of 2023, indicating a rise of 12.8%[16] - The total operating costs for the first three quarters of 2024 were ¥9,101,383,695.41, up from ¥8,107,114,145.44 in the previous year, reflecting a rise of 12.3%[16] Market Strategy - The company plans to continue expanding its market presence and investing in new product development to drive future growth[2] - The company has not disclosed any new product developments or market expansion strategies in the provided data[13]