WST(SH:688122)2024-10-30 10:24Financial Performance - The company's operating revenue for Q3 2024 reached ¥1,214,691,625.72, representing a year-on-year increase of 24.43%[2] - Net profit attributable to shareholders for Q3 2024 was ¥255,169,603.15, up 58.04% compared to the same period last year[2] - The net profit after deducting non-recurring gains and losses for Q3 2024 was ¥221,511,811.18, reflecting a 58.46% increase year-on-year[2] - Basic and diluted earnings per share for Q3 2024 were both ¥0.39, an increase of 56.00% compared to the previous year[4] - The net profit for Q3 2024 reached CNY 652,741,450.66, an increase of 7.2% compared to CNY 609,757,907.29 in Q3 2023[21] - The total comprehensive income for Q3 2024 was CNY 652,741,450.66, up from CNY 610,102,950.76 in the same period last year[22] - Basic and diluted earnings per share for Q3 2024 were both CNY 0.93, compared to CNY 0.90 in Q3 2023, reflecting a 3.3% increase[22] - The company reported a total revenue from sales and services of CNY 2,685,785,138.56 for the first three quarters of 2024, compared to CNY 2,450,701,062.83 in the same period of 2023, indicating a growth of 9.6%[23] Assets and Liabilities - Total assets as of the end of Q3 2024 amounted to ¥12,677,388,071.84, a 4.91% increase from the end of the previous year[4] - The company's total assets as of the end of the third quarter of 2024 were CNY 12,677,388,071.84, up from CNY 12,084,145,162.07 at the end of the same period in 2023, representing a growth of 4.91%[18] - Total liabilities increased to CNY 5,597,444,509.90 in the third quarter of 2024, compared to CNY 5,347,932,623.35 in 2023, marking a rise of 4.66%[18] - The equity attributable to shareholders of the parent company reached CNY 6,523,998,754.50, compared to CNY 6,324,775,772.15 in the previous year, reflecting an increase of 3.15%[18] Cash Flow and Investments - The net cash flow from operating activities for the year-to-date period was ¥155,894,212.76, reflecting an increase in cash received from operations compared to the previous year[4] - Cash flow from operating activities for the first three quarters of 2024 was CNY 155,894,212.76, a significant recovery from a negative cash flow of CNY -219,941,340.33 in the same period last year[24] - Cash inflow from investment activities in Q3 2024 was CNY 6,441,525,557.28, while cash outflow was CNY 6,246,082,546.81, resulting in a net cash flow of CNY 195,443,010.47[24] - The company's cash and cash equivalents amounted to CNY 1,375,655,261.40, a decrease of 7.2% from CNY 1,482,406,631.72 at the end of 2023[16] - The cash and cash equivalents at the end of Q3 2024 were CNY 1,210,645,410.34, an increase from CNY 736,624,025.79 at the end of Q3 2023[25] Research and Development - R&D expenses for Q3 2024 totaled ¥50,469,550.11, a decrease of 33.37% compared to the same period last year[4] - The proportion of R&D expenses to operating revenue for Q3 2024 was 4.15%, down 3.61 percentage points year-on-year[4] - Research and development expenses amounted to CNY 232,011,355.22 in the first three quarters of 2024, compared to CNY 208,188,126.26 in 2023, indicating an increase of 11.43%[20] Shareholder Information - The top shareholder, Northwest Nonferrous Metal Research Institute, holds 136,151,200 shares, accounting for 20.96% of total shares[12] - The second-largest shareholder, CITIC Metal Co., Ltd., owns 77,250,613 shares, representing 11.89% of total shares[12] - There were no changes in the top 10 shareholders participating in margin trading and securities lending during the reporting period[12] - The company has not identified any related party relationships among its major shareholders[12] Other Notable Information - The company received government subsidies amounting to ¥45,819,272.70 during Q3 2024, contributing to the increase in net profit[5] - The weighted average return on equity for Q3 2024 was 3.99%, an increase of 1.33 percentage points compared to the previous year[4] - The company reported a significant increase in accounts receivable, which may indicate improved sales performance or extended credit terms[16] - The company has not disclosed any new strategies or product developments during the reporting period[16] - The company's accounts receivable increased significantly to CNY 3,146,685,666.98, up from CNY 2,059,353,671.97, reflecting a growth of 52.7%[16] - Inventory levels rose to CNY 3,631,090,270.93, compared to CNY 3,342,296,565.91, indicating an increase of 8.6%[16] - Total current assets reached CNY 9,888,404,893.54, representing an increase of 4.2% from CNY 9,493,159,531.53 at the end of 2023[16] - The company's long-term borrowings decreased to CNY 948,131,258.00 from CNY 1,535,162,000.00 in the previous year, indicating a reduction of 38.25%[18] - Deferred income tax assets increased to CNY 112,661,049.62 from CNY 101,325,100.85, representing an increase of 11.73%[18]