Jovo Energy(605090)2024-10-21 09:44Financial Performance - The company's operating revenue for Q3 2024 was ¥5,780,881,286.47, a decrease of 31.93% compared to the same period last year[4]. - The net profit attributable to shareholders for Q3 2024 was ¥428,721,083.39, an increase of 2.43% year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥420,195,769.82, up 3.06% year-on-year[4]. - Total operating revenue for the first three quarters of 2024 was CNY 17,048,141,214.19, a decrease of 12.74% compared to CNY 19,539,406,639.45 in the same period of 2023[22]. - Net profit for the first three quarters of 2024 reached CNY 1,547,645,720.65, an increase of 35.69% compared to CNY 1,141,518,798.08 in the same period of 2023[23]. - The net profit attributable to shareholders of the parent company for Q3 2024 was CNY 1,534,608,257.28, an increase of 35.6% compared to CNY 1,130,971,282.73 in Q3 2023[24]. - The basic earnings per share for Q3 2024 was CNY 2.47, up from CNY 1.83 in Q3 2023, representing a growth of 35.1%[24]. - The net profit attributable to shareholders, excluding foreign exchange losses, was ¥483,291,400, representing a year-on-year increase of 21.17%[7]. Assets and Liabilities - The company's total assets at the end of Q3 2024 were ¥14,347,718,945.95, a slight decrease of 0.43% from the end of the previous year[5]. - Total assets as of the end of Q3 2024 amounted to CNY 14,347,718,945.95, slightly down from CNY 14,409,201,726.96 at the end of Q3 2023[21]. - Total liabilities decreased to CNY 5,049,595,779.14 in Q3 2024 from CNY 6,254,667,348.56 in Q3 2023, a reduction of 19.23%[20]. - Current assets totaled CNY 6,973,447,785.79, down from CNY 8,031,583,580.94 in the previous year, indicating a decline of 13.16%[19]. - The company reported a significant reduction in accounts payable, which decreased to CNY 131,467,807.99 from CNY 849,015,868.41, a drop of 84.54%[20]. Cash Flow - The net cash flow from operating activities for the year-to-date is -40.87 million RMB, impacted by a large amount of payables from the previous year and outstanding receivables of approximately 350 million RMB at the end of the third quarter[12]. - The net cash flow from operating activities for the first three quarters of 2024 was CNY 818,668,636.67, a decrease of 40.8% from CNY 1,384,514,309.53 in the same period of 2023[25]. - The total cash inflow from investment activities for the first three quarters of 2024 was CNY 2,496,727,818.87, compared to CNY 988,453,752.00 in the same period of 2023, indicating a significant increase[28]. - The net cash outflow from investment activities for the first three quarters of 2024 was CNY -1,233,352,497.75, an improvement from CNY -1,903,007,682.57 in the same period of 2023[28]. - The total cash inflow from financing activities for the first three quarters of 2024 was CNY 4,319,176,055.22, slightly down from CNY 4,342,986,975.59 in the same period of 2023[28]. - The net cash flow from financing activities for the first three quarters of 2024 was CNY -673,931,742.32, compared to CNY 1,500,388,202.47 in the same period of 2023, indicating a decline[28]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 20,355, with the largest shareholder, Guangdong Jiufeng Investment Holding Co., Ltd., holding 31.40% of the shares[13]. - There are no significant changes in the top 10 shareholders or their shareholding status compared to the previous period[17]. - The company has a total of 14,275,380 shares repurchased, accounting for 2.23% of the total share capital[15]. Inventory and Cash Management - The company's cash and cash equivalents decreased to approximately 4.28 billion RMB from 5.46 billion RMB at the end of the previous year[18]. - The company's inventory decreased to approximately 635.97 million RMB from 974.88 million RMB at the end of the previous year[18]. - The cash and cash equivalents at the end of Q3 2024 were CNY 4,186,633,973.96, down from CNY 5,302,455,125.16 at the end of Q3 2023[28]. Other Financial Metrics - The average gross profit per ton for the clean energy business showed steady improvement, particularly in the LNG segment, which experienced significant recovery in gross profit per ton compared to the first half of the year[6]. - The company processed over 110,000 tons of natural gas recovery services in Q3 2024, reflecting steady growth year-on-year[6]. - The sales volume of high-purity helium reached approximately 110,000 cubic meters in Q3 2024, showing steady growth year-on-year[6]. - The company incurred a foreign exchange loss of ¥54,570,300 due to the depreciation of the USD against the RMB in Q3 2024[7]. - The company recognized share-based payment costs of ¥10,668,000 in Q3 2024 related to its employee stock ownership plan[8]. - The total comprehensive income for Q3 2024 was CNY 1,544,209,825.12, an increase from CNY 1,146,448,212.83 in Q3 2023[24]. - The company reported a decrease in other comprehensive income, with a net amount of CNY -3,435,895.53 in Q3 2024 compared to CNY 4,929,414.75 in Q3 2023[24]. - The company has ongoing research and development efforts, although specific new products or technologies were not detailed in the report[12].