Jiayou International(603871)2024-10-29 09:15Financial Performance - The company's operating revenue for Q3 2024 was ¥1,903,663,974.69, a decrease of 16.98% compared to the same period last year[2] - Net profit attributable to shareholders for Q3 2024 was ¥329,293,363.97, an increase of 31.18% year-over-year[2] - Basic earnings per share for Q3 2024 was ¥0.34, reflecting a growth of 30.77% compared to the same period last year[2] - Total operating revenue for the first three quarters of 2024 reached CNY 6,544,252,179.84, an increase of 28.3% compared to CNY 5,100,868,810.68 in the same period of 2023[16] - Operating profit for the first three quarters of 2024 was CNY 1,288,604,728.94, representing a significant increase from CNY 863,402,705.03 in 2023[16] - The total comprehensive income for Q3 2024 was approximately ¥1.07 billion, compared to ¥774.45 million in Q3 2023, an increase of 37.7%[17] Assets and Liabilities - Total assets as of the end of Q3 2024 reached ¥8,238,911,503.01, representing a 27.39% increase from the end of the previous year[3] - The total assets of the company as of the end of Q3 2024 amounted to CNY 8,238,911,503.01, compared to CNY 6,467,457,995.28 at the end of Q3 2023, reflecting a growth of 27.4%[15] - The company's total liabilities reached CNY 2,475,047,039.36 in Q3 2024, up from CNY 1,470,276,635.86 in Q3 2023, marking a rise of 68.2%[15] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥911,224,677.31, down 45.43% compared to the same period last year[2] - The net cash flow from operating activities for the first nine months of 2024 was approximately ¥911.22 million, a decrease of 45.5% compared to ¥1.67 billion in the same period of 2023[18] - Cash inflow from operating activities totaled approximately ¥8.16 billion for the first nine months of 2024, compared to ¥5.87 billion in the same period of 2023, reflecting a growth of 39.1%[18] - The company reported a net cash outflow from investing activities of approximately ¥1.34 billion for the first nine months of 2024, compared to a net outflow of ¥128.11 million in the same period of 2023[19] - The cash and cash equivalents at the end of Q3 2024 were approximately ¥1.01 billion, down from ¥2.23 billion at the end of Q3 2023, indicating a decrease of 54.7%[19] Shareholder Information - The total number of common shareholders at the end of the reporting period is 12,413[9] - The top 10 shareholders hold a total of 24.91% of shares, with 嘉鑫毅 (Shanghai) Enterprise Management Partnership holding 243,446,308 shares[9] - The number of shares held by the top 10 unrestricted shareholders totals 243,446,308 shares, representing 24.91% of the total shares[10] - The company plans to distribute a cash dividend of 0.3 RMB per share, totaling 292,224,022.80 RMB (including tax) based on a total share capital of 974,080,076 shares after buyback[12] Operational Insights - The company attributed the increase in net profit to business scale growth and profit increase[6] - The company plans to continue expanding its market presence and investing in new technologies[6] - The company completed the modernization and renovation project for the 卡松巴莱萨-萨卡尼亚 road and port, with surplus funds of 182.12 million RMB being permanently added to working capital[12] Inventory and Receivables - Accounts receivable increased to 355,986,226.84 RMB from 290,573,248.57 RMB year-over-year[13] - Inventory has risen significantly to 1,509,910,510.20 RMB compared to 889,340,290.53 RMB in the previous year[13] - The company has a significant increase in prepayments, which rose to 526,619,863.00 RMB from 370,933,458.80 RMB[13] Research and Development - Research and development expenses for the first three quarters of 2024 were CNY 12,622,594.22, slightly up from CNY 11,543,882.07 in 2023[16]