SSC(600871)2024-10-24 09:58Financial Performance - Operating revenue for Q3 2024 was CNY 18,063,296, a decrease of 3.5% compared to the same period last year[2] - Net profit attributable to shareholders for Q3 2024 was CNY 224,419, an increase of 90.7% year-on-year[2] - Net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2024 was CNY 166,807, up 119.2% year-on-year[2] - Basic earnings per share for Q3 2024 was CNY 0.012, a 100% increase compared to the same period last year[3] - The company's consolidated operating revenue for the first three quarters of 2024 was RMB 54.88 billion, a year-on-year decrease of 1.7%[12] - The net profit attributable to shareholders for the first three quarters of 2024 was RMB 680 million, a year-on-year increase of 52.4%[12] - Total operating revenue for the first three quarters of 2024 was CNY 54,884,740, a decrease of 1.72% compared to CNY 55,842,976 in the same period of 2023[16] - Net profit for the first three quarters of 2024 reached CNY 676,226, an increase of 52.5% from CNY 443,605 in the first three quarters of 2023[16] Assets and Liabilities - Total assets at the end of Q3 2024 were CNY 75,725,342, reflecting a 0.7% increase from the end of the previous year[3] - As of September 30, 2024, the company's total assets amounted to RMB 75.73 billion, compared to RMB 75.16 billion at the end of 2023[13] - Total liabilities decreased to CNY 66,702,452, down from CNY 67,139,772 in the previous year[16] - The company reported a decrease in accounts receivable to RMB 9.19 billion as of September 30, 2024, down from RMB 10.6 billion at the end of 2023[13] - The company’s inventory increased to RMB 3.03 billion as of September 30, 2024, compared to RMB 1.20 billion at the end of 2023[13] - The company’s contract assets rose to RMB 20.81 billion as of September 30, 2024, compared to RMB 16.20 billion at the end of 2023[13] Cash Flow - Cash flow from operating activities for the year-to-date was CNY -1,634,587, a decrease of 232.4% compared to the same period last year[2] - Cash flow from operating activities showed a net outflow of CNY 1,634,587, compared to a net inflow of CNY 1,234,601 in the same period last year[19] - The cash inflow from operating activities totaled CNY 57,652,629, an increase from CNY 49,572,046 in the previous year[19] - The net cash flow from investment activities was -1,670,059 thousand, compared to -2,563,462 thousand in the previous year, indicating a decrease in cash outflow[20] - Cash inflow from financing activities totaled 23,754,050 thousand, up from 19,446,360 thousand year-over-year, reflecting a significant increase in financing[20] - The net cash flow from financing activities improved to 4,221,818 thousand, compared to 1,490,208 thousand in the same period last year, showing a positive trend[20] - The cash and cash equivalents at the end of the period reached 3,618,965 thousand, an increase from 2,013,934 thousand year-over-year[20] - The company incurred cash outflows for debt repayment amounting to 18,583,762 thousand, compared to 17,007,201 thousand in the previous year[20] - The cash outflow for distributing dividends and interest payments was 496,209 thousand, slightly down from 507,495 thousand year-over-year[20] Shareholder Information - Shareholders' equity attributable to shareholders at the end of Q3 2024 was CNY 9,022,890, a 12.5% increase year-on-year[3] - The number of common shareholders at the end of the reporting period was 104,797[8] - The company repurchased a total of 4,928,000 H shares from August 21 to September 12, 2024, accounting for 0.03% of the total issued shares[12] Research and Development - Research and development expenses increased to CNY 1,327,134, up 18.4% from CNY 1,121,565 in the previous year[16] Other Information - Non-recurring gains and losses totaled CNY 57,612 for Q3 2024, with significant contributions from asset disposals and government subsidies[5] - The company improved its market structure, leading to enhanced gross profit levels, which contributed to the increase in net profit[6] - The company did not apply new accounting standards or interpretations for the first-time execution in 2024[20]