Financial Performance - The company's operating revenue for Q3 2024 was CNY 28,232,640,204, representing a decrease of 21.73% compared to the same period last year[4]. - The net profit attributable to shareholders for Q3 2024 was a loss of CNY 1,396,284,654, a decline of 190.40% year-on-year[4]. - The net profit excluding non-recurring gains and losses for Q3 2024 was a loss of CNY 1,532,253,060, reflecting a decrease of 216.01% compared to the previous year[4]. - The basic earnings per share for Q3 2024 was -CNY 0.13, down 189.35% year-on-year[4]. - The diluted earnings per share for Q3 2024 was also -CNY 0.13, a decrease of 189.04% compared to the same period last year[4]. - Total operating revenue for the first three quarters of 2024 was CNY 74.74 billion, a decrease of 23.8% compared to CNY 98.18 billion in the same period of 2023[26]. - The company reported a net loss of CNY 894.33 million for the first three quarters of 2024, compared to a profit of CNY 3.85 billion in the same period of 2023[26]. - The total comprehensive income for the first three quarters of 2024 is -638,509,734 RMB, compared to 4,200,851,456 RMB in 2023[27]. - The basic and diluted earnings per share for the first three quarters of 2024 is 0.01 RMB, compared to 0.43 RMB in 2023, reflecting a decline of approximately 97.7%[27]. Cash Flow and Assets - The net cash flow from operating activities for the year-to-date was CNY 983,097,272, down 75.56% year-on-year[4]. - The company's current assets as of September 30, 2024, total 102,540,561,427 RMB, compared to 101,110,638,069 RMB on December 31, 2023[20]. - Cash and cash equivalents decreased from 48,895,164,629 RMB to 42,729,295,583 RMB, a decline of approximately 4.45%[20]. - The total assets of the company reached CNY 223.07 billion as of September 30, 2024, compared to CNY 218.39 billion at the end of 2023, an increase of 2.5%[25]. - The cash and cash equivalents at the end of the reporting period for 2024 is 39,542,261,053 RMB, down from 45,402,770,328 RMB in 2023[30]. - The net cash flow from investing activities for the first three quarters of 2024 is -9,307,683,052 RMB, worsening from -3,213,598,493 RMB in 2023[29]. - Cash inflow from financing activities for the first three quarters of 2024 is 34,633,034,293 RMB, slightly down from 34,643,265,200 RMB in 2023[30]. - The net cash flow from financing activities for the first three quarters of 2024 is 1,784,701,429 RMB, a decrease from 7,109,992,703 RMB in 2023[30]. Shareholder Information - Guangzhou Automobile Group Co., Ltd. holds 5,508,160,069 shares, accounting for 53.16% of the total share capital[15]. - HKSCC Nominees Limited holds 2,969,896,346 shares, representing 28.66% of the total share capital[15]. - The total number of shares held by the top ten shareholders includes significant stakes from state-owned entities, indicating strong institutional support[15]. - The company has no outstanding shares under repurchase agreements as of the reporting date[19]. Operational Costs and Expenses - Total operating costs for the first three quarters of 2024 were CNY 80.53 billion, down from CNY 101.41 billion in 2023, reflecting a reduction of 20.6%[26]. - Research and development expenses for the first three quarters of 2024 were CNY 1.03 billion, down from CNY 1.31 billion in the same period of 2023, a decrease of 21.4%[26]. - The company attributed the decline in net profit to decreased vehicle sales, increased marketing expenses, and foreign exchange losses due to currency fluctuations[7]. Liabilities and Equity - Long-term borrowings increased to CNY 10.60 billion as of September 30, 2024, up from CNY 8.90 billion at the end of 2023, representing an increase of 19.1%[24]. - Current liabilities rose to CNY 82.35 billion as of September 30, 2024, compared to CNY 77.13 billion at the end of 2023, marking an increase of 6.5%[23]. - The equity attributable to shareholders at the end of the reporting period was CNY 113,807,580,182, a decrease of 1.65% from the previous year-end[4]. - The company’s equity attributable to shareholders decreased to CNY 113.81 billion as of September 30, 2024, down from CNY 115.72 billion at the end of 2023, a decline of 1.6%[25]. Inventory and Receivables - Accounts receivable decreased from 5,303,952,616 RMB to 3,729,891,702 RMB, a reduction of about 29.66%[20]. - Inventory increased from 16,720,313,161 RMB to 17,627,499,965 RMB, an increase of approximately 5.43%[20]. - The company reported a significant increase in financial assets at fair value through profit or loss, rising from 2,790,794,245 RMB to 3,000,782,371 RMB, an increase of about 7.52%[20].
广汽集团(02238) - 2024 Q3 - 季度业绩