中航机载(600372) - 2024 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2024 was approximately ¥5.09 billion, a decrease of 24.61% compared to the same period last year[2]. - The net profit attributable to shareholders was approximately ¥299.71 million, down 52.10% year-on-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately ¥215.47 million, a decrease of 60.19% compared to the previous year[2]. - The basic earnings per share for the period was ¥0.0619, down 51.73% year-on-year[3]. - The weighted average return on equity was 0.80%, a decrease of 0.91 percentage points compared to the previous year[3]. - The operating profit for Q3 2024 was approximately CNY 1.43 billion, a decrease of 28.5% compared to CNY 2.00 billion in Q3 2023[16]. - Net profit for Q3 2024 was CNY 1.32 billion, down 29.7% from CNY 1.88 billion in the same period last year[16]. - The total profit for Q3 2024 was CNY 1.44 billion, a decline of 28.2% from CNY 2.00 billion in Q3 2023[16]. - The company reported a net profit margin decline due to increased costs and reduced revenue, impacting overall profitability[15]. Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥74.60 billion, an increase of 1.46% from the end of the previous year[3]. - As of the end of September, contract assets amounted to 500.68 million RMB, an increase of 495.34 million RMB from the beginning of the period, mainly due to the recognition of warranty deposits for sales contracts executed during the period[7]. - Current liabilities totaled CNY 32.68 billion in Q3 2024, up from CNY 29.83 billion in Q3 2023, marking an increase of 9%[13]. - Total assets reached CNY 74.60 billion in Q3 2024, compared to CNY 73.52 billion in Q3 2023, reflecting a growth of 1.5%[14]. - The company's total equity attributable to shareholders was CNY 37.04 billion in Q3 2024, an increase from CNY 36.08 billion in Q3 2023, representing a growth of 2.7%[14]. Cash Flow - The net cash flow from operating activities was approximately -¥2.49 billion for the quarter[2]. - The company reported a net cash outflow from operating activities of approximately CNY -3.65 billion for the first nine months of 2024, compared to CNY -3.65 billion in the same period of 2023[19]. - The cash inflow from operating activities totaled CNY 14.41 billion for the first nine months of 2024, a decrease from CNY 14.93 billion in the same period last year[19]. - The company experienced a net decrease in cash and cash equivalents of CNY 2,740,150,195.63, contrasting with an increase of CNY 3,353,502,727.88 in the prior year[20]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 188,696[9]. - The largest shareholder, AVIC Aircraft Systems Co., Ltd., holds 1,242,768,901 shares, accounting for 25.68% of the total shares[9]. Government Subsidies and Non-Recurring Gains - The company received government subsidies amounting to approximately ¥16.36 million during the quarter, contributing to its non-recurring gains[4]. - The total non-recurring gains for the period amounted to approximately ¥84.24 million[5]. Expenses and Costs - Total operating costs for the first three quarters of 2024 were CNY 15.27 billion, down from CNY 18.80 billion in 2023, reflecting a reduction of approximately 19%[15]. - Research and development expenses for the first three quarters of 2024 amounted to CNY 1.37 billion, a decrease of 24% from CNY 1.81 billion in the same period of 2023[15]. - Financial expenses decreased by 30.05 million RMB, attributed to a decline in loan interest rates and a reduction in interest-bearing liabilities[7]. - Other income increased by 54.07 million RMB, mainly due to tax refunds, VAT deductions, and various government subsidies[7]. Inventory and Receivables - Accounts receivable increased to CNY 26.10 billion in Q3 2024 from CNY 20.14 billion in Q3 2023, representing a growth of 29%[12]. - Inventory rose to CNY 15.54 billion in Q3 2024, compared to CNY 13.89 billion in Q3 2023, indicating an increase of 12%[12]. - The company reported a significant decrease in accounts receivable by 68.06%, primarily due to a reduction in received bills and the maturity of bills[6]. Financing Activities - The net cash flow from financing activities was CNY 1,676,781,635.04, a decrease of 73.8% compared to CNY 6,380,035,246.34 in the previous year[20]. - The total cash inflow from financing activities was CNY 5,763,069,081.06, compared to CNY 12,786,961,282.41 in the same period last year, indicating a decline of 55.1%[20]. - The cash paid for debt repayment was CNY 3,203,740,195.14, compared to CNY 5,030,226,876.05 in the same period last year[20].