SMHC(600131)2024-10-29 09:21Financial Performance - The company's operating revenue for Q3 2024 was CNY 1,064,811,360.80, representing a decrease of 4.38% compared to the same period last year[2]. - The net profit attributable to shareholders was CNY 65,545,931.56, down 29.29% year-on-year[2]. - The net profit after deducting non-recurring gains and losses was CNY 61,129,202.87, a decrease of 33.29% compared to the previous year[6]. - The basic earnings per share for the period was CNY 0.05, reflecting a decline of 37.50%[3]. - The total operating profit for Q3 2024 was approximately CNY 299.52 million, a decrease of 5.4% compared to CNY 318.29 million in Q3 2023[15]. - Net profit attributable to shareholders of the parent company for Q3 2024 was CNY 297.94 million, down 13.0% from CNY 342.45 million in Q3 2023[16]. - The company reported a total profit of CNY 297.01 million for Q3 2024, down from CNY 355.82 million in Q3 2023, reflecting a decline of 16.5%[15]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 12,468,886,218.20, down 8.14% from the end of the previous year[3]. - The company's total assets decreased to CNY 12,468,886,218.20 from CNY 13,573,847,623.95 in the previous year, reflecting a decline of 8.1%[13]. - Total liabilities decreased to CNY 6,087,822,612.90, down 15.9% from CNY 7,242,018,994.59 in 2023[13]. - The total current assets decreased to RMB 9,732,639,522.54 from RMB 10,985,284,595.06, showing a decline of about 11%[11]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 31,230, with the largest shareholder, State Grid Information Communication Industry Group Co., Ltd., holding 526,920,295 shares, accounting for 43.85% of the total[8]. - The top ten shareholders include several state-owned entities, with the top three holding a combined total of 682,305,415 shares, which is approximately 56.57% of the total shares[9]. - The company has no pledged, marked, or frozen shares among its major shareholders[8]. Cash Flow and Investments - The company reported a net cash flow from operating activities of -CNY 115,731,233.64 for the period[3]. - Cash flow from operating activities for the first nine months of 2024 was CNY 5.70 billion, an increase of 45.2% from CNY 3.93 billion in the same period of 2023[17]. - The net cash flow from operating activities in Q3 2024 improved to -CNY 115.73 million, compared to -CNY 552.40 million in Q3 2023[18]. - The net cash flow from investing activities for Q3 2024 was CNY 29.16 million, a recovery from a negative cash flow of -CNY 12.85 million in Q3 2023[18]. Operational Metrics - The company attributed the decline in net profit to a decrease in operating revenue and other factors[6]. - The company reported a significant increase in contract assets to RMB 639,294,638.99 from RMB 604,261,334.43, indicating a growth of about 6%[11]. - Accounts receivable decreased to RMB 5,245,735,517.03 from RMB 6,801,014,236.63, indicating a reduction of about 23%[11]. - Inventory increased significantly to RMB 674,298,126.09 from RMB 151,096,502.45, reflecting an increase of approximately 346%[11]. Research and Development - Research and development expenses increased to CNY 215,387,758.89, up 9.3% from CNY 196,960,486.41 in the previous year[14]. - The company is focusing on expanding its market presence and enhancing its technological capabilities through ongoing R&D efforts[14]. - The company has not disclosed any new product or technology developments in the current reporting period[10]. Future Outlook - Future guidance indicates a cautious outlook due to market conditions, with a focus on cost control and efficiency improvements[14].