春风动力(603129) - 2024 Q3 - 季度财报

Revenue and Profit Growth - Revenue for the third quarter reached RMB 3,921,198,075.24, a year-on-year increase of 36.11%[2] - Net profit attributable to shareholders of the listed company for the third quarter was RMB 372,503,714.11, up 48.95% year-on-year[2] - The increase in revenue and net profit was mainly driven by sales growth and a decrease in the expense ratio[6] - Total operating revenue for the first three quarters of 2024 reached RMB 11.45 billion, a 22% increase compared to RMB 9.39 billion in the same period of 2023[13] - Net profit attributable to the parent company's shareholders in the first three quarters of 2024 was RMB 1.08 billion, up 34.9% year-on-year from RMB 801.72 million[14] - The company's operating profit for the first three quarters of 2024 was RMB 1.22 billion, a 35% increase from RMB 907.29 million in the same period of 2023[13] Asset and Equity Growth - Total assets as of the end of the reporting period increased by 31.02% compared to the end of the previous year, reaching RMB 13,513,308,169.71[3] - Total equity attributable to shareholders of the listed company increased by 14.97% compared to the end of the previous year, reaching RMB 5,792,971,600.30[3] - Total assets increased to 13,513,308,169.71 RMB as of September 30, 2024, compared to 10,313,748,347.15 RMB at the end of 2023[10] - The company's total assets reached RMB 13.51 billion by the end of Q3 2024, a 31% increase from RMB 10.31 billion at the end of Q3 2023[12] - Total equity attributable to the parent company's shareholders reached RMB 5.79 billion by the end of Q3 2024, a 15% increase from RMB 5.04 billion at the end of Q3 2023[11] Cash Flow and Liquidity - Operating cash flow for the first three quarters of 2024 was RMB 2,246,204,215.40, a 68.00% increase year-on-year[2] - Current assets rose to 10,795,146,394.42 RMB, up from 7,708,853,964.23 RMB at the end of 2023[10] - Cash and cash equivalents grew to 6,425,623,210.44 RMB, a significant increase from 4,506,412,538.81 RMB at the end of 2023[10] - Sales revenue from goods and services received in cash for the first three quarters of 2024 was RMB 11,052,967,496.67, a 20.6% increase compared to RMB 9,164,696,501.61 in the same period of 2023[16] - Total cash inflow from operating activities for the first three quarters of 2024 was RMB 11,822,834,422.31, up 20.1% from RMB 9,847,108,110.56 in the same period of 2023[16] - Net cash flow from operating activities for the first three quarters of 2024 was RMB 2,246,204,215.40, a 68% increase compared to RMB 1,337,034,459.80 in the same period of 2023[16] - The net increase in cash and cash equivalents for the first three quarters of 2024 was RMB 1,732,964,071.19, a 237.4% increase from RMB 513,537,227.65 in the same period of 2023[17] - The ending balance of cash and cash equivalents as of September 2024 was RMB 6,145,194,154.64, a 36.1% increase from RMB 4,514,113,310.72 in September 2023[17] Earnings and Shareholder Metrics - Basic earnings per share for the third quarter were RMB 2.46, up 47.31% year-on-year[2] - Weighted average return on equity (ROE) for the third quarter was 6.64%, an increase of 1.45 percentage points[2] - Basic earnings per share for the first three quarters of 2024 was RMB 7.16, up 34.1% from RMB 5.34 in the same period of 2023[14] - The company's comprehensive income for the first three quarters of 2024 was RMB 979.12 million, a 15.2% increase from RMB 850.10 million in the same period of 2023[14] Liabilities and Expenses - Total liabilities as of Q3 2024 stood at RMB 7.55 billion, a 46.7% increase from RMB 5.14 billion at the end of Q3 2023[11] - Current liabilities increased, with accounts payable reaching 3,231,422,350.41 RMB, up from 2,244,939,376.37 RMB at the end of 2023[10] - Notes payable grew to 3,196,570,000.00 RMB, compared to 1,928,100,000.00 RMB at the end of 2023[10] - Contract liabilities increased to 243,395,166.48 RMB, up from 159,231,067.95 RMB at the end of 2023[10] - R&D expenses increased by 17.5% to RMB 730.56 million in the first three quarters of 2024, compared to RMB 621.98 million in the same period of 2023[13] - Sales expenses decreased by 7.2% to RMB 1.06 billion in the first three quarters of 2024, compared to RMB 1.15 billion in the same period of 2023[13] Non-Recurring Items and Shareholder Information - Non-recurring gains and losses for the third quarter amounted to RMB 9,817,561.15, primarily due to government subsidies and asset disposal gains[4][5] - The top shareholder, Chunfeng Holding Group Co., Ltd., holds 45,000,808 shares, representing a significant portion of the company's equity[8] - The second-largest shareholder, Chongqing Chunfeng Investment Co., Ltd., holds 12,661,734 shares[8] Investment and Financing Activities - Net cash flow from investing activities for the first three quarters of 2024 was negative RMB 290,858,650.89, an improvement from negative RMB 666,571,250.47 in the same period of 2023[17] - Net cash flow from financing activities for the first three quarters of 2024 was negative RMB 226,004,329.99, compared to negative RMB 195,725,595.28 in the same period of 2023[17] Employee Compensation - Cash paid for employee compensation and benefits in the first three quarters of 2024 was RMB 1,167,124,996.25, a 29.7% increase from RMB 899,813,256.58 in the same period of 2023[16]