FSSS(SH:600399)2024-10-30 09:24Financial Performance - The company's operating revenue for Q3 2024 was CNY 2,157,002,380.01, representing a year-on-year increase of 5.01%[2]. - The net profit attributable to shareholders for Q3 2024 was CNY 87,804,592.05, a decrease of 29.88% compared to the same period last year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 73,557,236.19, down 34.85% year-on-year[2]. - The basic and diluted earnings per share for Q3 2024 were both CNY 0.0445, reflecting a decrease of 29.92%[3]. - Total operating revenue for the first three quarters of 2024 reached CNY 6,434,083,563.98, an increase of 2.55% compared to CNY 6,274,671,653.78 in the same period of 2023[17]. - Net profit for the first three quarters of 2024 was CNY 315,761,219.35, compared to CNY 282,350,495.12 in 2023, representing a growth of 11.85%[18]. - Earnings per share for the first three quarters of 2024 were CNY 0.1601, an increase from CNY 0.1432 in the same period of 2023[19]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 13,324,854,580.03, an increase of 7.54% from the end of the previous year[3]. - The total liabilities as of the end of Q3 2024 amounted to CNY 6,701,326,400.31, compared to CNY 5,972,963,624.67 at the end of Q3 2023, indicating a rise of 12.19%[16]. - The total equity attributable to shareholders reached CNY 6,623,528,179.72, up from CNY 6,417,924,859.68 in the previous year, marking an increase of 3.22%[16]. - The company reported a total of CNY 5.21 billion in fixed assets, up from CNY 4.59 billion, which is an increase of approximately 13.7%[14]. Cash Flow - The net cash flow from operating activities for the year-to-date period decreased by 70.06% due to increased cash expenditures and changes in accounting treatment for discounted commercial acceptance bills[5]. - In the first three quarters of 2024, the cash inflow from operating activities amounted to ¥5,859,115,459.17, an increase from ¥5,511,353,880.39 in the same period of 2023, representing a growth of approximately 6.3%[20]. - The net cash outflow from operating activities was ¥358,732,859.62, compared to a net outflow of ¥210,943,855.28 in the previous year, indicating a worsening cash flow situation[21]. - The total cash and cash equivalents at the end of the period reached ¥889,287,591.49, up from ¥438,087,046.71 at the end of the same period in 2023, indicating a substantial increase of about 102.5%[22]. Operational Challenges - The company is facing challenges with declining sales prices exceeding the decrease in raw material prices, impacting profitability[5]. - The company has not disclosed any new product developments or technological advancements during this reporting period[12]. - There were no significant mergers or acquisitions reported in the latest quarter[12]. - The company has not provided specific future guidance or market expansion strategies in the current report[12]. Research and Development - Research and development expenses for the first three quarters of 2024 were CNY 309,334,167.55, slightly higher than CNY 299,160,732.27 in 2023, reflecting a growth of 3.73%[17]. - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency and product offerings[18].