晶盛机电(300316) - 2024 Q3 - 季度财报

Revenue and Profit - Revenue for Q3 2024 was CNY 4,330,736,363.40, a decrease of 14.34% year-over-year, while year-to-date revenue reached CNY 14,477,951,766.54, an increase of 7.55% compared to the same period last year[3] - Net profit attributable to shareholders for Q3 2024 was CNY 863,578,878.53, down 33.96% year-over-year, with year-to-date net profit at CNY 2,959,908,456.67, a decrease of 15.76%[3] - Basic earnings per share for Q3 2024 was CNY 0.66, a decline of 34.00% compared to the same quarter last year, while year-to-date basic earnings per share was CNY 2.26, down 15.99%[3] - Total operating revenue for the third quarter of 2024 reached CNY 14,477,951,766.54, an increase of 7.5% compared to CNY 13,461,864,233.63 in the same period last year[14] - Net profit attributable to shareholders of the parent company for Q3 2024 was 2,959,908,456.67 CNY, down from 3,513,789,909.58 CNY in Q3 2023, representing a decrease of about 15.7%[16] - Total comprehensive income for Q3 2024 was 3,239,027,952.98 CNY, compared to 4,143,092,878.78 CNY in Q3 2023, indicating a decline of about 21.8%[16] Assets and Liabilities - Total assets as of the end of Q3 2024 were CNY 34,069,713,719.65, a decrease of 7.44% from the end of the previous year[3] - Current assets totaled CNY 23,721,729,370.00, down from CNY 27,089,954,510.27, reflecting a decrease of approximately 12.5%[12] - Total liabilities decreased to CNY 15,603,229,016.28 from CNY 20,656,503,010.28, a decline of about 24.4%[13] - Non-current assets amounted to CNY 10,347,984,349.65, an increase from CNY 9,718,404,693.79, reflecting a growth of approximately 6.5%[12] - The company's equity attributable to shareholders increased by 13.88% year-over-year, reaching CNY 17,040,608,084.99 at the end of Q3 2024[3] - The total equity attributable to shareholders of the parent company increased to CNY 17,040,608,084.99 from CNY 14,963,146,218.89, representing a growth of about 13.9%[13] Cash Flow - The company’s cash flow from operating activities decreased by 48.72% year-to-date, totaling CNY 878,191,710.04[3] - Cash flow from operating activities for Q3 2024 was 878,191,710.04 CNY, a decrease from 1,712,557,695.36 CNY in Q3 2023, showing a decline of about 48.7%[17] - The net cash flow from investment activities was -1,150,552,175.60 CNY, compared to -1,861,133,111.75 CNY in the previous year, indicating an improvement[18] - Total cash inflow from financing activities was 1,551,406,220.15 CNY, significantly higher than 836,136,539.07 CNY in the same period last year[18] - The net cash flow from financing activities was -461,801,886.45 CNY, a decline from a positive 9,424,164.17 CNY in the previous year[18] - The ending balance of cash and cash equivalents was 2,799,975,494.85 CNY, down from 3,083,462,775.84 CNY at the end of the previous year[18] Operational Performance - The company reported a 40.55% increase in financial expenses, amounting to CNY -14,489,024.62, mainly due to increased interest on bank deposits[6] - The company received government subsidies totaling CNY 15,909,891.65 in Q3 2024, contributing to its non-operating income[4] - The company is accelerating the layout of core semiconductor equipment in response to the domestic substitution trend, with significant market breakthroughs in power semiconductor equipment and advanced process equipment[10] - The company successfully achieved sales of 8-inch silicon carbide epitaxy equipment and optical measurement equipment, with continuous growth in related equipment orders[10] - The innovative silver-free module equipment significantly reduces silver consumption, leading to a substantial decrease in component costs, with positive results in customer mass production testing[10] - The sapphire material business experienced rapid growth driven by industry recovery and replacement demand[10] - The company's quartz crucible business faced price declines due to intensified competition in the photovoltaic industry, negatively impacting gross margins[10] - The company is focusing on innovation in product technology, automation, and advanced manufacturing models in collaboration with downstream strategic customers[10] Research and Development - Research and development expenses for Q3 2024 were 868,668,791.86 CNY, slightly up from 859,535,818.15 CNY in Q3 2023, indicating a year-over-year increase of approximately 1.5%[15] Accounting and Reporting - The company did not undergo an audit for the third quarter report, which may affect the reliability of the financial data presented[18] - The company is implementing new accounting standards starting in 2024, which may impact future financial reporting[18]