OIE(600278)2024-10-29 09:38Financial Performance - The company's operating revenue for Q3 2024 was ¥8,762,009,913.24, representing a year-on-year increase of 0.32%[2] - The net profit attributable to shareholders for the same period was ¥57,852,854.78, a decrease of 15.48% compared to the previous year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥52,029,965.72, down 21.73% year-on-year[2] - The basic earnings per share for Q3 2024 was ¥0.07, reflecting a decline of 14.88% compared to the same period last year[4] - Total operating revenue for the first three quarters of 2024 was CNY 25,065,142,772.23, a decrease of 10.5% compared to CNY 28,030,988,237.62 in the same period of 2023[15] - Operating profit for Q3 2024 was CNY 312,108,410.69, down 21.7% from CNY 398,932,571.49 in Q3 2023[20] - Total profit for Q3 2024 was CNY 314,759,556.92, down from CNY 411,124,122.48 in Q3 2023, a decline of 23.4%[20] - Net profit attributable to shareholders of the parent company for Q3 2024 was CNY 187,877,664, a decrease of 16.7% from CNY 225,597,518.38 in Q3 2023[18] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥17,885,304,238.12, an increase of 4.10% from the end of the previous year[4] - Total liabilities reached CNY 9,910,556,486.95, compared to CNY 9,453,028,740.40, reflecting an increase of 4.8%[14] - The company's equity attributable to shareholders increased to CNY 7,599,034,121.88 from CNY 7,289,628,441.16, a growth of 4.2%[14] - Current assets totaled CNY 13,878,402,309.65, up from CNY 13,290,227,133.76 at the end of 2023, indicating a growth of 4.4%[12] - Accounts receivable decreased to CNY 2,265,276,915.88 from CNY 3,144,793,667.34, a decline of 28%[12] - Inventory increased significantly to CNY 2,451,668,848.07, compared to CNY 1,464,323,362.70, marking a rise of 67.5%[12] - Short-term borrowings rose to CNY 732,175,177.77 from CNY 353,651,792.73, an increase of 106.7%[13] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥621,011,468.13, a significant decrease of 673.03% compared to the previous year[6] - The net cash flow from operating activities for the first three quarters of 2024 was negative CNY 621,011,468.13, compared to negative CNY 80,334,229.11 in the same period of 2023[20] - The net cash flow from investment activities was -93,155,901.99, a decrease from 210,935,933.02 in the previous year[21] - Cash inflow from financing activities totaled 1,059,242,686.10, compared to 779,225,309.53 in the same period last year, representing a 35.9% increase[21] - Cash outflow from financing activities decreased to 790,346,704.27 from 1,465,766,984.44, indicating a reduction of 46.0%[21] - The net cash flow from financing activities was 268,895,981.83, a significant improvement from -686,541,674.91 in the previous year[21] - The cash and cash equivalents at the end of the period stood at 4,404,662,061.49, slightly up from 4,390,057,761.59 year-over-year[21] - The net increase in cash and cash equivalents was -472,155,473.63, compared to -565,594,018.78 in the previous year, showing a smaller decline[21] Shareholder Information - The company reported a total of 25,929 common shareholders at the end of the reporting period[7] - The largest shareholder, Dongfang International (Group) Co., Ltd., held 48.42% of the shares[7] Government Subsidies and Litigation - The company received government subsidies totaling ¥7,513,901.42 during the reporting period[5] - The company is currently involved in ongoing litigation regarding a claim for CNY 14,445,762.45 related to a contract dispute[10] Other Financial Metrics - Research and development expenses decreased to CNY 2,985,308.22 in Q3 2024 from CNY 4,584,867.74 in Q3 2023, a reduction of 34.8%[20] - The company reported a decrease in sales expenses to CNY 624,573,599.21 in Q3 2024 from CNY 580,000,708.22 in Q3 2023, indicating a rise of 7.7%[20] - Other comprehensive income after tax for Q3 2024 was CNY 184,021,705.95, compared to a loss of CNY 1,518,377.64 in Q3 2023[18] - Total comprehensive income for Q3 2024 was CNY 420,140,655.57, an increase from CNY 304,716,600.94 in Q3 2023[18] - Earnings per share for Q3 2024 were CNY 0.21, down from CNY 0.26 in Q3 2023[18] - The total cash outflow from investment activities was 11,498,123,626.57, an increase from 9,800,155,288.26 year-over-year[21] - The cash received from loans was 1,059,242,686.10, up from 770,189,137.53, reflecting a growth of 37.5%[21] - The cash paid for debt repayment was 598,824,807.77, down from 1,134,695,201.75, indicating a decrease of 47.3%[21] - The impact of exchange rate changes on cash and cash equivalents was -26,884,085.34, worsening from -9,654,047.78 in the previous year[21]