KN(SH:603111)2024-10-30 09:35Financial Performance - The company's operating revenue for Q3 2024 reached ¥1,084,204,495.29, representing a year-on-year increase of 9.74%[2] - Net profit attributable to shareholders for the same period was ¥138,574,995.36, up 21.84% compared to the previous year[2] - The net profit after deducting non-recurring gains and losses was ¥130,204,209.54, reflecting a 15.59% increase year-on-year[2] - Basic earnings per share for Q3 2024 were ¥0.15, an increase of 36.36% year-on-year[2] - The net profit for Q3 2024 reached CNY 255.49 million, an increase of 29.6% compared to CNY 196.98 million in Q3 2023[19] - The total profit for Q3 2024 was CNY 278.18 million, up from CNY 210.88 million in the same period last year, representing a growth of 32%[19] - The company's net profit attributable to shareholders for the first three quarters of 2024 was CNY 643,091,650.13, up from CNY 422,454,790.01 in 2023, representing a growth of 52.2%[17] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥6,453,414,592.55, a 2.30% increase from the end of the previous year[3] - The total assets of the company as of the end of the third quarter of 2024 amounted to CNY 6,453,414,592.55, compared to CNY 6,308,121,635.13 at the end of the same period in 2023[17] - The company's total liabilities increased to CNY 2,471,373,684.97 in 2024, compared to CNY 2,288,935,199.60 in 2023, reflecting a rise of 8.0%[16] - The company's total liabilities increased to ¥1,874,638,337.04, up from ¥1,648,445,934.63 at the end of 2023, indicating a rise of 13.8%[24] - The company's total equity attributable to shareholders decreased by 1.01% to ¥3,840,912,386.89 compared to the end of last year[3] - The total equity attributable to shareholders decreased to CNY 3,840,912,386.89 in 2024 from CNY 3,880,105,843.71 in 2023, a decline of 1.0%[17] Cash Flow - The net cash flow from operating activities was negative at -¥73,308,430.84, indicating a significant change from the previous period[2] - Cash flow from operating activities for the first three quarters of 2024 was negative at CNY -29.54 million, an improvement from CNY -94.95 million in the same period of 2023[22] - The net cash flow from financing activities for Q3 2024 was CNY -319.44 million, compared to CNY -7.39 million in Q3 2023, indicating increased cash outflows[22] - The company reported a decrease in cash and cash equivalents at the end of Q3 2024 to CNY 721.06 million from CNY 772.91 million at the end of Q3 2023[22] - The cash and cash equivalents at the end of the third quarter of 2024 amounted to CNY 540,546,065.42, down from CNY 633,618,170.24 at the end of the same period in 2023[30] Order Backlog and Business Growth - The backlog of orders in the rail transit main business reached ¥6.747 billion, a 9.9% increase from the end of last year, with overseas orders growing by 26.29%[4] - Total operating revenue for the first three quarters of 2024 reached CNY 2,694,341,692.06, an increase of 15.8% compared to CNY 2,325,145,857.00 in the same period of 2023[18] - Total operating costs for the first three quarters of 2024 were CNY 2,465,867,038.10, up from CNY 2,101,154,270.96 in 2023, reflecting a growth of 17.3%[18] Research and Development - Research and development expenses increased to CNY 245,633,324.64 in 2024, compared to CNY 209,511,533.62 in 2023, marking an increase of 17.2%[18] - Research and development expenses increased to ¥111,723,727.37, up from ¥99,772,613.93 in the first three quarters of 2023, reflecting a growth of 11.5%[26] Shareholder Actions - The company has repurchased a total of 18,619,950 shares, representing 2.04% of the total share capital[9] - The total amount paid for share repurchases to date is approximately RMB 100.29 million[14] - The company has accumulated a provision for investor claims amounting to RMB 144.26 million as of the report date[13] - The company has recovered and canceled over 15.58 million shares from former shareholders of Longxin Technology[12] - The company has initiated legal actions against former shareholders of Longxin Technology, seeking to recover RMB 1.14 billion in transfer payments and other damages[11]