SMIC(600810)2024-10-30 10:46Financial Performance - The company's operating revenue for Q3 2024 was ¥3,235,723,353.19, a decrease of 2.72% compared to the same period last year[2] - The net profit attributable to shareholders for Q3 2024 was a loss of ¥27,695,706.68, representing a decline of 127.61% year-on-year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥34,760,834.28, down 139.02% from the previous year[2] - The basic earnings per share for Q3 2024 was -¥0.03, a decrease of 126.52% year-on-year[3] - The diluted earnings per share for Q3 2024 was -¥0.03, down 112.5% compared to the same period last year[3] - The decline in net profit was primarily due to a decrease in profits compared to the same period last year[6] - The net profit attributable to shareholders, excluding non-recurring gains and losses, for the current reporting period is -139.02 million RMB, primarily due to a decrease in profit compared to the same period last year[7] - The basic earnings per share for the current reporting period is -126.52 RMB, reflecting a significant decline in profit compared to the same period last year[7] - Net profit for Q3 2024 was CNY 67,997,782.70, a decrease of 51.8% compared to CNY 140,955,654.73 in Q3 2023[19] - Operating profit for Q3 2024 was CNY 103,312,564.55, down 45.3% from CNY 189,059,585.17 in Q3 2023[19] Assets and Liabilities - The total assets at the end of the reporting period were ¥29,734,985,825.76, a decrease of 5.43% compared to the end of the previous year[3] - The equity attributable to shareholders at the end of the reporting period was ¥7,625,957,704.91, down 2.62% from the previous year[3] - Cash and cash equivalents decreased to CNY 7,425,887,548.99 as of September 30, 2024, down from CNY 8,616,747,084.84 at the end of 2023, a decline of 13.8%[13] - Total assets as of September 30, 2024, were CNY 29,734,985,825.76, down from CNY 31,442,197,458.38 at the end of 2023, a decrease of 5.4%[17] - Total liabilities decreased to CNY 17,990,644,103.33 from CNY 19,746,699,727.29, reflecting a decline of 8.9%[16] - The equity attributable to shareholders of the parent company was CNY 7,625,957,704.91, down from CNY 7,830,886,001.74, a decrease of 2.6%[17] - Short-term borrowings significantly decreased to CNY 1,823,683,333.33 from CNY 3,722,491,557.71, a reduction of 51.0%[16] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥51,764,693.52, an increase of 109.13%[3] - The net cash flow from operating activities for the year-to-date is 109.13 million RMB, mainly due to a decrease in cash paid for other operating activities compared to the previous year[8] - Cash flow from operating activities for Q3 2024 was CNY 51,764,693.52, recovering from a negative cash flow of CNY -567,096,820.25 in Q3 2023[22] - Cash and cash equivalents at the end of Q3 2024 were CNY 5,489,156,481.32, down from CNY 8,971,696,533.18 at the end of Q3 2023[23] - Investment activities generated a net cash outflow of CNY -2,367,201,645.94 in the first three quarters of 2024, compared to CNY -2,582,129,211.98 in the same period of 2023[23] - Financing activities generated a net cash inflow of CNY 392,703,414.85 in Q3 2024, significantly lower than CNY 4,482,623,317.84 in Q3 2023[23] Revenue and Costs - Total operating revenue for the first three quarters of 2024 reached CNY 10,205,961,010.22, an increase of 8.2% compared to CNY 9,431,445,309.85 in the same period of 2023[18] - Total operating costs for the first three quarters of 2024 were CNY 10,164,358,103.07, up from CNY 9,344,182,307.85 in 2023, reflecting a year-on-year increase of 8.8%[18] - Total revenue from sales for the first three quarters of 2024 was CNY 7,795,243,705.98, a decline of 3.8% from CNY 8,106,677,536.95 in the same period of 2023[21] Investments and Expenses - The investment income for the year-to-date is 86.72 million RMB, significantly increased due to the equity method accounting for joint ventures[8] - The company reported non-recurring gains of ¥7,065,127.60 for the year-to-date, with significant contributions from government subsidies[5] - The company’s investment income increased to CNY 21,327,385.73 in Q3 2024, up from CNY 11,422,052.95 in Q3 2023[19] - Research and development expenses increased to CNY 385,502,534.40 in 2024 from CNY 343,996,469.06 in 2023, marking a rise of 12.1%[18] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 38,731, with the largest shareholder, China Pingmei Shenma Group Co., Ltd., holding 60.75% of the shares[9] Accounting and Reporting - The company has adopted new accounting standards starting in 2024, which may affect the financial statements from the beginning of the year[25] - The report was released on October 29, 2024, indicating timely communication of financial performance[25] - The company is not applicable for the new accounting standards or interpretations, suggesting stability in reporting practices[25] - The board of directors has confirmed the financial report, ensuring accountability and governance[25] - There are no specific performance metrics or user data provided in this report, indicating a lack of detailed operational insights[25] - Future outlook and performance guidance are not mentioned, suggesting uncertainty in projections[25] - No new products or technologies are highlighted in this report, indicating a potential focus on existing offerings[25] - There are no mentions of market expansion or acquisitions, suggesting a conservative approach to growth strategies[25] - The report does not detail any new strategies, indicating a possible continuation of current business practices[25] - The document is concise, with a total of 15 pages, reflecting a focused communication style[25]