Financial Performance - The company's revenue for Q3 2024 reached ¥5,276,353,352.90, representing a 14.02% increase compared to the same period last year[2] - The net profit attributable to shareholders was -¥82,445,419.84, a decrease of 166.83% year-over-year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥102,581,507.86, down 200.69% from the previous year[2] - The company reported a total of ¥20,136,088.02 in non-recurring gains for the current period, with government subsidies contributing significantly[3] - Net profit for the current period was a loss of ¥254,033,827.25, compared to a profit of ¥442,894,226.67 in the previous period, indicating a significant decline[20] - The total profit for the current period was a loss of ¥237,270,520.44, compared to a profit of ¥584,409,972.69 in the previous period[20] - Basic earnings per share for the current period were -0.1711, down from 0.3002 in the previous period, reflecting the overall decline in profitability[21] - Other comprehensive income after tax for the current period was -¥310,703,560.12, compared to ¥404,250,654.41 in the previous period, indicating a negative shift in overall financial health[21] Cash Flow and Liquidity - The operating cash flow net amount for the year-to-date period was ¥697,950,284.45, reflecting a 61.92% increase compared to the same period last year[6] - The net cash flow from operating activities for Q3 2024 was ¥697,950,284.45, an increase from ¥431,033,390.63 in Q3 2023, representing a growth of approximately 62%[23] - The total cash outflow from operating activities was ¥15,693,375,234.41, compared to ¥7,757,195,800.48 in the previous year, indicating an increase of approximately 102%[23] - The cash and cash equivalents at the end of Q3 2024 amounted to ¥2,094,292,411.94, down from ¥2,443,221,976.45 at the end of Q3 2023, reflecting a decrease of about 14%[23] - The company reported cash and cash equivalents of approximately ¥2.51 billion, an increase from ¥1.77 billion year-over-year, reflecting a growth of 41.5%[16] - The company experienced a foreign exchange gain of ¥43,144,353.09 in Q3 2024, compared to a gain of ¥6,311,504.22 in Q3 2023, reflecting an increase of about 585%[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥10,365,709,786.37, a decrease of 1.23% from the end of the previous year[2] - The company’s total assets were reported at approximately ¥10.37 billion, down from ¥10.49 billion, reflecting a decrease of 1.1%[18] - The total liabilities increased to approximately ¥3.56 billion, up from ¥3.32 billion, marking an increase of 7.2%[18] - The equity attributable to shareholders decreased by 5.12% to ¥6,806,221,479.59 compared to the end of the previous year[2] - The company’s equity attributable to shareholders was approximately ¥6.81 billion, down from ¥7.17 billion, indicating a decrease of 5.0%[18] Shareholder Information - The total number of common shareholders at the end of the reporting period is 28,999[7] - The largest shareholder, China Resources Chemical Materials Investment Co., Ltd., holds 57.47% of the shares, totaling 854,189,859 shares[9] - China Resources Chemical Co., Ltd. is the second-largest shareholder with a 23.82% stake, amounting to 353,999,475 shares[9] - The company has a total of 1,264,453,870 shares with restricted trading conditions at the end of the reporting period[11] - The company has a total of 5,247,000 shares held by other participants in the equity incentive plan[11] Operational Highlights - The company reported a significant increase in cash and cash equivalents, rising by 41.66% to ¥2,508,603,898.92 due to increased collections[5] - The company experienced a 139.85% increase in prepayments to suppliers, totaling ¥267,007,096.62, attributed to increased supplier payments[5] - The company recorded a decrease in income tax expenses by 88.15% to ¥16,763,306.81, mainly due to a reduction in total profit[6] - Research and development expenses increased to ¥34,584,364.98 from ¥32,603,932.77, reflecting a focus on innovation[20] - The company has not disclosed any new product or technology developments in this reporting period[9] Investment and Financing Activities - The company approved the conclusion of certain fundraising investment projects, reallocating surplus funds of 25.12 million RMB to supplement working capital[12] - The company plans to use surplus funds for daily operational activities, specifically for projects related to polyester production and R&D facilities[12] - The company plans to repurchase and cancel 648,300 restricted shares due to the departure of 6 incentive targets and the termination of contracts with 3 others[14] - The total cash inflow from financing activities was ¥350,000,000.00, significantly higher than ¥51,933,036.00 in Q3 2023, marking an increase of approximately 576%[23] - The cash outflow for paying dividends and interest in Q3 2024 was ¥61,036,346.88, compared to ¥123,078,720.80 in the same quarter last year, indicating a decrease of about 50%[23]
华润材料(301090) - 2024 Q3 - 季度财报