东方电缆(603606) - 2024 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2024 reached ¥2,630,621,380.48, representing a year-on-year increase of 58.34%[2] - The net profit attributable to shareholders for Q3 2024 was ¥288,011,455.86, up 40.28% compared to the same period last year[2] - The basic earnings per share for Q3 2024 was ¥0.42, reflecting a growth of 40.00% year-on-year[3] - For the first nine months of 2024, the company reported a total operating revenue of approximately CNY 6.689 billion, up 25.18% year-on-year[13] - Total operating revenue for the first three quarters of 2024 reached ¥6,698,764,812.22, a 25.2% increase from ¥5,349,500,168.04 in the same period of 2023[18] - Operating profit for the first three quarters of 2024 was ¥1,086,502,343.06, up 13.6% from ¥956,732,799.84 in the previous year[20] - Net profit attributable to shareholders for the first three quarters of 2024 was ¥932,116,936.42, representing a 13.4% increase compared to ¥821,873,173.99 in 2023[20] - The total comprehensive income for the first three quarters of 2024 was ¥1,012,939,424.17, compared to ¥865,134,528.71 in the same period of 2023, reflecting a 16.9% increase[21] - Basic earnings per share for the first three quarters of 2024 were ¥1.36, up from ¥1.20 in the same period last year, representing a 13.3% increase[21] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥11,860,352,437.92, an increase of 11.47% from the end of the previous year[3] - The total assets of the company as of September 30, 2024, amounted to approximately CNY 11.860 billion, an increase from CNY 10.640 billion at the end of 2023[16] - The company's current assets totaled approximately CNY 8.869 billion, compared to CNY 7.917 billion at the end of 2023[16] - The company's accounts receivable increased to approximately CNY 3.889 billion from CNY 2.684 billion year-on-year[15] - The company's inventory decreased to approximately CNY 1.769 billion from CNY 2.148 billion year-on-year[16] - Total liabilities as of the end of Q3 2024 amounted to ¥4,949,696,483.51, compared to ¥4,349,284,550.38 at the end of Q3 2023, indicating a 13.8% increase[18] - The company's total current liabilities increased to ¥4,218,947,304.63 in Q3 2024, compared to ¥3,800,751,009.30 in Q3 2023, a rise of 11%[18] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥285,007,583.50, showing an improvement of 301.35% compared to the same period last year[3] - In the first three quarters of 2024, the cash inflow from operating activities reached ¥6,154,516,970.20, an increase of 17.8% compared to ¥5,223,678,503.33 in the same period of 2023[22] - The net cash flow from operating activities for the first three quarters of 2024 was ¥285,007,583.50, significantly up from ¥71,012,578.91 in 2023[23] - The cash outflow for investing activities in the first three quarters of 2024 was ¥530,048,886.90, slightly down from ¥556,714,976.99 in 2023[23] - The net cash flow from financing activities in the first three quarters of 2024 was -¥138,962,057.29, compared to a positive net cash flow of ¥17,928,005.64 in 2023[24] - The total cash and cash equivalents at the end of Q3 2024 stood at ¥1,691,281,199.96, an increase from ¥1,547,426,367.98 at the end of Q3 2023[24] Shareholder Information - The total equity attributable to shareholders at the end of the reporting period was ¥6,910,655,954.41, reflecting a year-on-year increase of 9.86%[3] - The company's total equity reached ¥6,910,655,954.41 by the end of Q3 2024, up from ¥6,290,549,293.38 in the previous year, marking a 9.9% growth[18] - The company reported a total of 40,386 common shareholders at the end of the reporting period[6] Business Development - The company accelerated its business in both land and marine cable systems, achieving a revenue of ¥1,394,000,000 for land cables, a 53.12% increase year-on-year, and ¥1,232,000,000 for marine cables, a 64.50% increase year-on-year[5] - The company’s order backlog as of October 18, 2024, was approximately CNY 9.236 billion, with CNY 2.949 billion from submarine cable systems and CNY 4.890 billion from land cable systems[13] - The company established a wholly-owned subsidiary in Fuzhou, Fujian, with a registered capital of CNY 15 million, which obtained its business license in September 2024[13] - The company completed the registration of its wholly-owned subsidiary Bohai Oriental Submarine Cable (Shandong) Co., Ltd. in August 2024, and has acquired approximately 144,927.11 square meters of state-owned land use rights[14] Research and Development - Research and development expenses increased to ¥237,204,584.26 in the first three quarters of 2024, up from ¥191,139,533.83 in the same period last year, reflecting a 24.1% rise[18]