当升科技(300073) - 2024 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2024 was ¥1,983,971,728.90, a decrease of 52.10% compared to the same period last year[2]. - Net profit attributable to shareholders was ¥177,419,698.85, down 68.66% year-on-year[2]. - The net profit after deducting non-recurring gains and losses was ¥105,051,336.75, reflecting an 81.63% decrease compared to the previous year[2]. - The basic earnings per share for Q3 2024 was ¥0.3503, a decline of 68.66% from the same quarter last year[3]. - Operating revenue for the first nine months decreased by CNY 7,018.24 million, a decline of 55.95%, mainly due to a significant drop in raw material prices[11]. - Operating costs decreased by CNY 5,451.28 million, a reduction of 53.18%, also attributed to the decline in raw material prices[12]. - Net profit for Q3 2024 was CNY 437,832,028.30, a decline of 70.7% compared to CNY 1,490,731,535.69 in Q3 2023[27]. - Earnings per share for Q3 2024 was CNY 0.9166, down from CNY 2.9449 in the same quarter last year[28]. Assets and Liabilities - The total assets at the end of Q3 2024 amounted to ¥16,888,414,297.29, representing a decrease of 2.99% from the end of the previous year[3]. - The company's total assets impairment loss increased by CNY 18.50 million, mainly due to a decline in raw material prices and product sales prices[14]. - The total liabilities decreased by CNY 903.91 million, a reduction of 21.86%, compared to the end of the previous year[10]. - The total assets of Beijing Dangsheng Materials Technology Co., Ltd. decreased from CNY 17,409,813,163.19 at the beginning of the period to CNY 16,888,414,297.29 at the end of the period, representing a decline of approximately 3.0%[23]. - Current liabilities decreased from CNY 3,643,489,050.01 to CNY 2,563,472,685.29, a decrease of approximately 29.7%[23]. - The total equity remained stable at CNY 506,500,774.00 throughout the period[23]. Cash Flow - Cash flow from operating activities was ¥1,151,896,539.29, down 36.31% year-on-year[3]. - The company's cash and cash equivalents at the end of the reporting period amounted to CNY 5,948,120,927.80, reflecting a decrease of 10.23% year-on-year[14]. - The company's operating cash inflow for the first nine months of 2024 was CNY 5,780,638,788.29, down 57.22% compared to the same period in 2023[14]. - The net cash flow from operating activities for Q3 2024 was ¥1,151,896,539.29, a decrease from ¥1,808,468,361.77 in Q3 2023[30]. - The net cash flow from investment activities decreased by 191.60%, mainly attributed to the purchase of structured deposits that have not yet matured[15]. - The cash inflow from financing activities in Q3 2024 was ¥386,254,920.79, up from ¥204,098,720.00 in Q3 2023[30]. - The net increase in cash and cash equivalents for Q3 2024 was ¥316,056,635.07, compared to ¥1,466,708,947.94 in Q3 2023, indicating a significant decrease[31]. Inventory and Receivables - The company reported a significant reduction in accounts receivable, which decreased by 19.10% to ¥2,355,630,596.21 compared to the end of last year[6]. - The company’s inventory increased by 45.73% to ¥1,009,930,791.23, indicating a strategic buildup of stock[6]. - Accounts receivable decreased from CNY 2,911,868,296.90 to CNY 2,355,630,596.21, a reduction of approximately 19.1%[22]. - Inventory increased significantly from CNY 693,012,948.93 to CNY 1,009,930,791.23, marking an increase of about 45.6%[22]. Other Income and Expenses - Other income increased by CNY 51.77 million, a growth of 143.91%, mainly due to an increase in government subsidies[12]. - Investment income increased by CNY 86.82 million, a growth of 124.29%, primarily due to fewer foreign exchange losses compared to the previous year[12]. - The company's income tax expense decreased by CNY 229.45 million, a reduction of 75.44%, due to a decrease in total profit[14]. - Research and development expenses for Q3 2024 were CNY 305,745,052.47, a decrease of 29.2% compared to CNY 431,982,353.49 in the same period last year[25]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 88,059, with Minmetals Technology Group holding 23.19% of the shares[16]. - The total equity attributable to shareholders of the parent company increased to CNY 13,157,648,790.48 from CNY 13,075,967,833.76[24]. - The company plans to lift restrictions on shares held by executives, with a total of 1,340,098 shares expected to be released from lock-up[20].