Baosight(600845)2024-10-29 09:18Financial Performance - The company's operating revenue for Q3 2024 was ¥3,013,869,131.35, a decrease of 4.06% compared to ¥3,141,326,601.40 in the same period last year[3]. - The net profit attributable to shareholders of the listed company was ¥599,448,111.38, reflecting a decline of 15.50% from ¥709,395,492.53 year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥581,487,815.21, down 16.32% from ¥694,883,334.40 in the previous year[3]. - The basic earnings per share decreased to ¥0.211, a drop of 15.60% compared to ¥0.300 in the same quarter last year[3]. - The diluted earnings per share was ¥0.208, down 15.79% from ¥0.296 year-on-year[3]. - Total operating revenue for the first three quarters of 2024 reached CNY 9,756,533,663.80, an increase of 10.6% compared to CNY 8,818,257,963.91 in the same period of 2023[14]. - Net profit attributable to shareholders of the parent company for Q3 2024 was CNY 1,930,289,552.93, compared to CNY 1,871,111,153.04 in Q3 2023, representing an increase of 3.2%[15]. - The total comprehensive income attributable to the parent company for Q3 2024 was CNY 1,930,078,160.10, an increase from CNY 1,868,686,489.17 in Q3 2023, reflecting a growth of approximately 3.3%[16]. - Basic earnings per share for Q3 2024 were CNY 0.680, compared to CNY 0.662 in Q3 2023, representing an increase of about 2.7%[16]. - Net profit for the first three quarters of 2024 was ¥1,972,063,621.99, up 13.7% from ¥1,735,217,214.59 in the first three quarters of 2023[22]. Assets and Liabilities - The total assets at the end of the reporting period were ¥21,882,684,637.81, a decrease of 2.04% compared to the previous year[3]. - The total assets of the company amounted to approximately ¥21.44 billion, a decrease from ¥21.88 billion in the previous period, reflecting a decline of about 2.02%[11]. - The total assets of the company were CNY 21,436,890,661.52 in Q3 2024, down from CNY 21,882,684,637.81 in Q3 2023, a decrease of 2.0%[13]. - The total liabilities decreased to CNY 9,508,017,003.78 in Q3 2024 from CNY 9,793,682,959.09 in Q3 2023, a reduction of 2.9%[12]. - The total liabilities decreased to ¥8,504,429,499.01 from ¥8,773,913,759.31, indicating a reduction of 3.1%[21]. - The company's total equity decreased to ¥10,478,946,416.15 from ¥10,596,562,734.65, a decline of 1.1%[21]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥1,985,690,301.56, an increase of 5.38% from ¥1,884,326,623.12 in the same period last year[3]. - The company's cash and cash equivalents increased to CNY 3,815,526,467.48 in Q3 2024 from CNY 3,576,232,023.25 in Q3 2023, an increase of 6.7%[12]. - The company's cash and cash equivalents at the end of Q3 2024 were CNY 4,956,569,552.20, down from CNY 5,422,372,283.25 at the end of 2023, a decrease of about 8.6%[19]. - The net cash flow from investment activities was 25,418,743.92 CNY, a significant improvement compared to -222,986,651.27 CNY in the previous period[25]. - The net cash outflow from financing activities was -2,683,322,440.72 CNY, contrasting with a net inflow of 458,091,348.86 CNY in the previous period[25]. - The company reported a net cash outflow from financing activities of CNY -2,760,477,291.54 for Q3 2024, compared to CNY -1,148,315,396.45 in Q3 2023, indicating a significant increase in cash outflow[18]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 66,116[7]. - Baoshan Iron & Steel Co., Ltd. held 48.89% of the shares, amounting to 1,410,134,219 shares[7]. - The number of A-share shareholders increased from 32,632 at the end of August to 43,362 at the end of September, showing a growth of approximately 33%[9]. - The number of B-share shareholders remained relatively stable, with a slight increase from 22,642 to 22,754[9]. - The company reported no significant changes in the top 10 shareholders or their participation in margin trading activities[9]. Expenses and Investments - Research and development expenses for the first three quarters of 2024 amounted to CNY 932,812,780.73, a decrease of 7.4% from CNY 1,007,787,025.24 in the same period of 2023[14]. - Research and development expenses amounted to ¥721,209,397.61, a decrease of 6.3% from ¥770,083,489.15 in the previous year[22]. - The company's financial expenses included interest expenses of ¥34,373,283.28, compared to ¥17,465,545.66 in the previous year, indicating an increase in financial costs[22]. - The company received government subsidies amounting to ¥13,890,527.29 during the quarter, with a total of ¥17,518,055.17 year-to-date[6]. Inventory and Receivables - Accounts receivable increased to approximately ¥4.10 billion from ¥3.34 billion, representing a growth of about 22.93%[10]. - Inventory decreased to approximately ¥2.97 billion from ¥3.52 billion, showing a decline of about 15.61%[11]. - The company's inventory as of September 30, 2024, was CNY 2,103,470,791.28, down from CNY 2,658,906,996.44 at the end of 2023, a decrease of approximately 21%[19].