C&D INC.(SH:600153)2024-10-30 11:11Financial Performance - The net profit attributable to shareholders for Q3 2024 was CNY 859.36 million, a decrease of 91.81% year-on-year[5]. - Excluding the reorganization gains from the acquisition of Red Star Macalline, the net profit attributable to shareholders for the first nine months of 2024 decreased by CNY 872 million, a decline of 29.76%[6]. - In Q3 2024, the net profit attributable to shareholders increased by CNY 264 million compared to Q2 2024, representing a quarter-on-quarter growth of 44.44%[7]. - The company reported a net profit of CNY 2.06 billion for the first nine months of 2024, down 83.43% year-on-year[5]. - The net profit attributable to shareholders for the year-to-date period decreased by 83.43% compared to the previous year[17]. - The net profit for Q3 2024 was RMB 1.012 billion, reflecting a 36.00% increase compared to the previous quarter[13]. - The supply chain operation segment achieved a net profit of RMB 2.244 billion in the first nine months of 2024, down 10.20% year-on-year, primarily due to macroeconomic conditions and weak demand in the traditional automotive sector[11]. - The real estate segment reported a net profit of RMB 381 million for the first nine months of 2024, a decrease of 19.04% year-on-year, impacted by inventory impairment provisions totaling RMB 663 million[11]. - The home furnishing mall operation segment recorded a net loss of RMB 5.67 billion, attributed to a decline in rental rates and increased support incentives for merchants[12]. Revenue and Earnings - The total revenue for Q3 2024 was CNY 183.12 billion, down 14.94% year-on-year, while the revenue for the first nine months was CNY 502.14 billion, a decrease of 16.13%[5]. - The basic earnings per share for Q3 2024 was CNY 0.24, a decrease of 93.04% year-on-year[5]. - The weighted average return on equity for Q3 2024 was 1.30%, a decrease of 21.32 percentage points compared to the same period last year[5]. - Total operating revenue for the first three quarters of 2024 was approximately ¥502.14 billion, a decrease of 16.06% compared to ¥598.70 billion in the same period of 2023[30]. - Basic earnings per share for the first three quarters of 2024 were ¥0.57, down from ¥4.02 in the same period of 2023[32]. Cash Flow and Assets - The net cash flow from operating activities for the first nine months of 2024 was CNY -14.11 billion, a decrease of 157.90% year-on-year[5]. - Cash flow from operating activities for the first three quarters of 2024 was negative at approximately -¥14.11 billion, compared to a positive cash flow of ¥24.37 billion in the same period of 2023[33]. - As of September 30, 2024, total assets reached CNY 876.01 billion, an increase from CNY 820.85 billion at the end of 2023, reflecting a growth of approximately 6.7%[24]. - Current assets totaled CNY 683.03 billion, up from CNY 629.80 billion, indicating a growth of about 8.4% year-over-year[24]. - Total liabilities increased to CNY 647.86 billion from CNY 596.21 billion, which is an increase of approximately 8.7%[26]. - The company's equity attributable to shareholders reached CNY 70.03 billion, slightly up from CNY 69.51 billion, showing a growth of about 0.7%[28]. Investments and Financing - The company plans to raise up to 4.98 billion RMB through a rights issue, offering 3.5 shares for every 10 shares held, to support supply chain operations and repay bank loans[22]. - The company is currently in the review stage for its rights issue project, which was accepted by the Shanghai Stock Exchange on June 15, 2023[22]. - Cash inflow from financing activities reached $184.74 billion in 2024, slightly up from $182.32 billion in 2023[34]. - Net cash flow from financing activities was $6.09 billion in 2024, recovering from a net outflow of $11.27 billion in 2023[34]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 91,417[19]. - Xiamen Jindaf Group Co., Ltd. holds 46.03% of the shares, making it the largest shareholder[19].