KSHG(605333)2024-10-28 08:11Financial Performance - The company's operating revenue for Q3 2024 reached ¥2,113,944,410.82, representing a 121.40% increase year-over-year[2] - Net profit attributable to shareholders was ¥183,383,914.34, a significant increase of 901.75% compared to the same period last year[2] - The net profit excluding non-recurring gains and losses was ¥177,617,795.05, reflecting a year-over-year increase of 1,129.28%[2] - Basic and diluted earnings per share were both ¥0.42, marking a 950.00% increase year-over-year[4] - Total operating revenue for the first three quarters of 2024 reached CNY 5,531,961,659.67, a significant increase from CNY 2,367,014,703.76 in the same period of 2023, representing a growth of approximately 133.5%[15] - Net profit for the first three quarters of 2024 was CNY 438,418,542.06, compared to a net loss of CNY 22,713,908.85 in the same period of 2023, indicating a turnaround in profitability[16] - Operating profit for the first three quarters of 2024 was CNY 489,610,362.29, a recovery from an operating loss of CNY 27,854,615.82 in the same period of 2023[15] - The company reported a total profit of CNY 489,754,859.39 for the first three quarters of 2024, compared to a loss of CNY 27,305,272.79 in the same period of 2023[16] Assets and Liabilities - Total assets at the end of the reporting period were ¥6,905,476,033.63, a 23.34% increase from the end of the previous year[4] - The equity attributable to shareholders increased to ¥1,960,241,788.86, up 26.96% year-over-year[4] - The company's total liabilities rose to RMB 4,945,234,244.77 from RMB 4,054,753,989.02, representing an increase of about 22.0%[14] - The total equity attributable to shareholders reached RMB 1,960,241,788.86, up from RMB 1,543,939,095.48, indicating an increase of about 27.0%[14] - The company's non-current assets totaled RMB 2,451,095,120.73, an increase from RMB 2,229,688,222.15, reflecting a growth of approximately 9.9%[13][14] Cash Flow - The company reported a net cash flow from operating activities of ¥246,212,777.34, a 192.27% increase year-to-date[2] - Cash flow from operating activities generated CNY 246,212,777.34 in the first three quarters of 2024, compared to CNY 84,241,915.84 in the same period of 2023, showing a substantial increase[19] - The company reported a net increase in cash and cash equivalents of 122,244,639.76 CNY, compared to 54,754,847.28 CNY in the previous year[20] - The ending balance of cash and cash equivalents reached 242,231,809.45 CNY, up from 150,979,753.93 CNY year-over-year[20] Growth Factors - The significant growth in revenue and profit is attributed to the government's vehicle scrappage subsidy policy and the launch of new models by automotive companies[6] - The company is actively expanding its customer base and has seen stable orders, contributing to rapid revenue growth and improved profitability[8] Expenses - Research and development expenses increased to CNY 194,543,306.58 in 2024 from CNY 151,425,014.41 in 2023, reflecting a growth of about 28.5%[15] - Total operating costs for the first three quarters of 2024 were CNY 5,021,219,624.51, up from CNY 2,412,550,922.21 in 2023, marking an increase of approximately 108.5%[15] Other Financial Metrics - The weighted average return on equity rose to 9.61%, an increase of 8.35 percentage points compared to the previous year[4] - The company's cash and cash equivalents increased to RMB 599,564,827.50 from RMB 353,279,619.57, marking a significant rise of about 69.8%[12][13] - Accounts receivable rose to RMB 2,296,868,081.80, up from RMB 1,853,064,678.71, indicating an increase of approximately 23.9%[12][13] - Inventory levels increased to RMB 780,271,720.83 from RMB 721,001,864.76, reflecting a growth of about 8.2%[12][13] - Short-term borrowings increased to RMB 928,396,909.03 from RMB 764,502,844.45, which is an increase of approximately 21.5%[12][14] - The company experienced a foreign exchange loss of -5,869,376.66 CNY during the period[20]