SCSF(SH:600779)2024-10-30 09:41Financial Performance - The company's operating revenue for Q3 2024 was CNY 2,069,521,392.08, representing a year-on-year increase of 0.38%[2] - The net profit attributable to shareholders for the same period was CNY 882,601,259.70, reflecting a growth of 7.67% compared to the previous year[2] - The net profit after deducting non-recurring gains and losses reached CNY 881,365,718.55, up by 10.47% year-on-year[2] - Basic earnings per share for Q3 2024 were CNY 1.8174, an increase of 8.00% from the same period last year[4] - The company's net profit attributable to shareholders for the first three quarters of 2024 was CNY 3,896,942,767.68, up from CNY 3,216,389,765.39 in 2023, reflecting a significant increase of approximately 21.14%[18] - The net profit for Q3 2024 reached CNY 1,125,019,374.46, an increase of 10.06% compared to CNY 1,022,488,267.79 in Q3 2023[20] - Operating profit for Q3 2024 was CNY 1,524,898,729.41, up from CNY 1,353,145,260.51 in the same period last year, reflecting a growth of 12.68%[20] - The total profit for Q3 2024 was CNY 1,507,217,907.84, an increase from CNY 1,357,026,396.04 in Q3 2023[20] Assets and Liabilities - The total assets at the end of the reporting period amounted to CNY 8,880,905,267.01, which is a 5.41% increase from the end of the previous year[4] - The company's total assets as of the end of Q3 2024 were CNY 8,880,905,267.01, compared to CNY 8,424,916,820.49 at the end of Q3 2023, marking an increase of approximately 5.42%[18] - Total liabilities decreased to CNY 3,909,156,206.99 in Q3 2024 from CNY 4,030,562,214.17 in Q3 2023, showing a reduction of about 3.01%[17] - Cash and cash equivalents as of September 30, 2024, amount to RMB 2,205,654,922.24, a decrease from RMB 2,349,522,256.26 as of December 31, 2023[15] - Cash and cash equivalents increased to CNY 5,250,930,812.28 in Q3 2024, compared to CNY 4,903,540,230.13 in Q3 2023, indicating improved liquidity[17] Shareholder Information - As of September 30, 2024, the total number of ordinary shareholders is 93,863, with no preferred shareholders having restored voting rights[9] - The largest shareholder, Sichuan Chengdu Shuijingfang Group Co., Ltd., holds 193,996,444 shares, accounting for 39.72% of total shares[10] - The second-largest shareholder, Grand Metropolitan International Holdings Limited, holds 114,469,776 shares, accounting for 23.44%[10] - There are no significant changes in the top 10 shareholders and their shareholding status compared to the previous period[13] Cash Flow and Investments - The cash flow from operating activities for the year-to-date period decreased by 42.93% to CNY 773,560,236.74[2] - The cash flow from operating activities for Q3 2024 was CNY 773,560,236.74, a decrease from CNY 1,355,455,317.92 in Q3 2023[23] - The company incurred a net cash outflow from investing activities of CNY 459,718,909.77 in Q3 2024, compared to CNY 808,485,816.42 in Q3 2023[23] - The net cash outflow from financing activities was CNY 457,708,660.99 in Q3 2024, compared to CNY 313,922,620.10 in Q3 2023[24] Operational Highlights - Total operating revenue for the first three quarters of 2024 reached CNY 3,788,039,145.29, an increase from CNY 3,588,383,123.22 in the same period of 2023, representing a growth of approximately 5.57%[19] - Total operating costs for the first three quarters of 2024 were CNY 2,298,530,193.03, compared to CNY 2,249,384,773.11 in 2023, reflecting an increase of about 2.18%[19] - Research and development expenses amounted to CNY 25,307,123.40 in the first three quarters of 2024, slightly up from CNY 24,387,197.38 in 2023, indicating a focus on innovation[19] - The company reported a decrease in sales expenses to CNY 754,962,422.90 in the first three quarters of 2024, down from CNY 805,508,313.53 in 2023, indicating improved cost management[19] Share Repurchase - The company repurchased 2.65 million shares through centralized bidding during the reporting period[8] - The company has repurchased a total of 2,650,000 shares, representing 0.54% of the total share capital, with a total expenditure of RMB 115.08 million[14] - The company plans to repurchase shares for an amount not less than RMB 75 million and not exceeding RMB 150 million, with a maximum repurchase price of RMB 75 per share[14] Other Income - The company received government subsidies amounting to CNY 1,801,795.35 during the reporting period, significantly contributing to other income[5] - The company reported a 55.01% increase in other income, primarily due to substantial government industry development support funds received[7] Inventory and Receivables - The company's inventory rose to CNY 2,939,251,739.89 in Q3 2024 from CNY 2,452,103,965.77 in Q3 2023, representing an increase of about 19.83%[17] - Accounts receivable increased to RMB 7,726,800.00 from RMB 2,199,000.00 in the previous period[15] - Prepayments decreased to RMB 14,486,664.04 from RMB 24,669,283.26 in the previous period[15] Product Development - The company has not disclosed any new product or technology developments in this report[12]