XCMG(SZ:000425)2024-10-30 11:39Revenue and Profit - Revenue for Q3 2024 was CNY 19,093,623,653.26, a decrease of 6.37% year-over-year, while year-to-date revenue reached CNY 68,725,894,620.69, down 4.11% compared to the same period last year[3] - Net profit attributable to shareholders for Q3 2024 was CNY 1,603,326,535.53, an increase of 28.28% year-over-year, with year-to-date net profit at CNY 5,309,032,696.12, up 9.71%[3] - The basic earnings per share for Q3 2024 was CNY 0.14, reflecting a 27.27% increase compared to the same period last year[3] - Total operating revenue for the third quarter of 2024 was CNY 68.73 billion, a decrease of 4.1% compared to CNY 71.67 billion in the same period last year[13] - Net profit for the third quarter reached CNY 5.32 billion, an increase of 10.6% from CNY 4.81 billion in the previous year[13] - The net profit attributable to the parent company shareholders for Q3 2024 was ¥5,309,032,696.12, an increase from ¥4,839,321,097.14 in Q3 2023, representing a growth of approximately 9.7%[14] Assets and Liabilities - Total assets as of the end of Q3 2024 amounted to CNY 165,969,719,812.68, representing a 2.45% increase from the end of the previous year[3] - The company's total liabilities amounted to CNY 105.95 billion, an increase of 1.4% from CNY 104.51 billion year-over-year[12] - The total equity attributable to shareholders of the parent company was CNY 58.84 billion, up from CNY 56.14 billion, reflecting a growth of 4.8%[12] - The total non-current liabilities rose to CNY 20.74 billion, an increase of 14.4% from CNY 18.14 billion year-over-year[12] Cash Flow - Cash flow from operating activities for the year-to-date period was CNY 2,043,645,824.30, an increase of 24.45% year-over-year[3] - Cash flow from operating activities for the current period was ¥83,202,019,940.75, a decrease from ¥86,215,858,585.34 in the previous year, reflecting a decline of about 3.7%[16] - The net cash flow generated from operating activities increased to ¥2,043,645,824.30, compared to ¥1,642,150,430.73 in the previous year, marking a growth of approximately 24.5%[16] - Cash flow from financing activities showed a net outflow of -¥1,648,868,809.20, improving from -¥9,597,616,880.09 in the previous year, indicating a reduction in cash outflow by approximately 82.8%[17] Shareholder Information - The total number of common shareholders at the end of the reporting period is 136,811, with the top 10 shareholders holding a combined 40.12% of shares[8] - Xuzhou Construction Machinery Group Co., Ltd. holds 20.83% of shares, amounting to 2,461,325,466 shares[8] - The top 10 unrestricted shareholders include Jiangsu Guoxin Group Co., Ltd. with 610,979,880 shares, representing 5.17% of total shares[9] Expenses and Costs - Total operating costs decreased to CNY 63.44 billion, down 3.4% from CNY 65.68 billion year-over-year[13] - Research and development expenses for the quarter were CNY 2.60 billion, a decrease of 11% compared to CNY 2.92 billion in the same period last year[13] - Financial expenses increased significantly to CNY 1.53 billion, compared to CNY 270.31 million in the previous year, primarily due to higher interest expenses[13] - The company experienced a 465.23% increase in financial expenses, attributed to higher exchange losses compared to the same period last year[6] Investment and Subsidies - The company reported a significant increase in investment income by 785.49% due to reduced losses from asset termination confirmations[7] - The company reported a significant increase in investment income, reaching CNY 195.41 million, compared to CNY 22.07 million in the previous year[13] - The company’s government subsidies recognized during the year-to-date period totaled CNY 332,317,313.21, reflecting ongoing support for its operations[4] Other Financial Metrics - The weighted average return on equity increased to 2.72%, up 0.58 percentage points from the previous year[3] - The company's cash and cash equivalents as of September 30, 2024, are CNY 21,333,023,911.17, down from CNY 23,371,004,907.94 at the beginning of the period[10] - The company's cash and cash equivalents at the end of the quarter were CNY 15.63 billion, reflecting a stable liquidity position[12] - The company reported a decrease in cash and cash equivalents at the end of the period to ¥16,625,562,188.64, compared to ¥21,394,675,264.48 at the beginning of the period[17]