晋西车轴(600495) - 2024 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2024 was CNY 444,048,876.57, representing a year-on-year increase of 0.51%[2] - The net profit attributable to shareholders for Q3 2024 was CNY 25,844,435.67, an increase of 15.73% compared to the same period last year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 17,748,722.17, up by 4.52% year-on-year[2] - The basic earnings per share for Q3 2024 was CNY 0.021, reflecting a 16.67% increase compared to the previous year[2] - Total operating revenue for the first three quarters of 2024 reached ¥872,962,348.02, an increase from ¥811,291,359.27 in the same period of 2023, representing a growth of approximately 7.5%[13] - Net profit for the first three quarters of 2024 was ¥6,008,907.32, compared to ¥2,195,229.78 in 2023, indicating a significant increase of approximately 173.5%[14] - The company reported a total profit of ¥6,563,795.23 for the first three quarters of 2024, compared to ¥3,772,192.91 in 2023, reflecting an increase of about 74.8%[14] Assets and Liabilities - The total assets at the end of Q3 2024 were CNY 3,885,393,869.49, a decrease of 1.87% from the end of the previous year[3] - As of September 30, 2024, the company's total assets amounted to CNY 3,885,393,869.49, a decrease from CNY 3,959,511,729.97 at the end of 2023, representing a decline of approximately 1.87%[10] - The company's total equity attributable to shareholders decreased to CNY 3,241,063,168.69 from CNY 3,250,002,747.12, reflecting a decline of about 0.27%[12] - The company's total liabilities decreased to CNY 644,330,700.80 from CNY 709,508,982.85, reflecting a decline of about 9.2%[11] Cash Flow - The net cash flow from operating activities for Q3 2024 was CNY -31,831,894.38, indicating a significant decline due to reduced payments from railway vehicle products[5] - Cash flow from operating activities showed a net outflow of ¥150,651,272.96 in 2024, slightly worsening from a net outflow of ¥146,167,959.35 in 2023[15] - The net cash flow from investment activities was 78,002,467.88 CNY, a significant improvement from a negative 329,296,519.14 CNY in the previous year[16] - Total cash and cash equivalents at the end of the period amounted to 427,548,632.92 CNY, compared to 289,070,434.37 CNY in the same period last year[16] - The net increase in cash and cash equivalents was negative 86,700,261.05 CNY, showing an improvement from negative 481,285,859.66 CNY year-over-year[16] Shareholder Information - The number of common shareholders at the end of the reporting period was 82,424, with the largest shareholder holding 30.79% of the shares[6] Investment and Expenses - Cash inflow from investment activities in 2024 was ¥1,060,305,685.00, up from ¥720,000,000.00 in 2023, marking an increase of about 47.2%[15] - Research and development expenses rose to ¥50,025,137.32 in 2023 from ¥44,991,027.74 in 2022, an increase of approximately 11.3%[13] - Cash paid for the acquisition of fixed assets, intangible assets, and other long-term assets was 25,414,344.82 CNY, up from 12,646,677.85 CNY year-over-year[16] Other Financial Metrics - The weighted average return on equity for Q3 2024 was 0.80%, an increase of 0.11 percentage points compared to the previous year[2] - The company experienced a 173.73% increase in net profit attributable to shareholders for the year-to-date, mainly due to increased asset disposal gains[5] - The company reported a significant increase in accounts payable, rising to CNY 298,849,909.02 from CNY 246,507,604.10, which is an increase of approximately 21.2%[11] - The company's cash and cash equivalents decreased to CNY 428,050,375.98 from CNY 514,248,893.97, reflecting a reduction of about 16.74%[8] - Accounts receivable increased significantly to CNY 456,708,089.45 from CNY 257,349,751.43, marking an increase of approximately 77.5%[9] - Inventory decreased to CNY 510,004,709.64 from CNY 559,984,130.19, indicating a decline of about 8.9%[10] - Total current liabilities decreased to CNY 584,278,303.47 from CNY 644,379,502.97, a reduction of approximately 9.35%[11] - The company’s non-current liabilities totaled CNY 60,052,397.33, down from CNY 65,129,479.88, indicating a decrease of about 7.9%[11] - The company’s retained earnings as of September 30, 2024, were CNY 606,256,786.95, down from CNY 614,746,170.26, a decrease of approximately 1.6%[12] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[14]