Financial Performance - Net profit attributable to shareholders for Q3 2024 was RMB 600.16 million, a decrease of 1.55% compared to the same period last year [5]. - Operating revenue for Q3 2024 was RMB 2.10 billion, down 6.39% year-on-year [5]. - The net profit attributable to shareholders for the first nine months of 2024 decreased by 10.71% to RMB 1.37 billion [5]. - Total operating revenue for the first nine months of 2024 was RMB 5,859,778,932.60, a decrease of 8.0% compared to RMB 6,371,288,240.00 in the same period of 2023 [28]. - Net profit attributable to shareholders of the parent company for the first nine months of 2024 was RMB 1,374,015,126.12, down 10.7% from RMB 1,538,899,495.84 in 2023 [28]. - Operating profit for the first nine months of 2024 was RMB 1,892,340,898.81, a decrease of 8.5% compared to RMB 2,067,515,474.36 in the same period of 2023 [28]. - Basic earnings per share for Q3 2024 was RMB 0.254, a decline of 1.68% compared to the previous year [5]. - Basic and diluted earnings per share for the first nine months of 2024 were both RMB 0.566, down from RMB 0.642 in 2023 [29]. - The company reported a decrease in total costs from RMB 5,094,425,319.22 in 2023 to RMB 4,678,911,218.76 in 2024, reflecting a cost reduction strategy [28]. - The company experienced a significant increase in investment income, which rose to RMB 801,076,752.19 in the first nine months of 2024, compared to RMB 642,835,759.51 in 2023, indicating improved performance in this area [28]. Asset and Liability Management - As of September 30, 2024, total assets decreased by 1.19% to RMB 66.71 billion from RMB 67.51 billion at the end of 2023 [4]. - Total liabilities decreased to RMB 38,957,652,482.96 from RMB 39,508,787,105.65, reflecting a reduction of approximately 1.4% [25]. - Short-term borrowings dropped to RMB 3,784,150,417.85 from RMB 11,105,625,836.85, a decrease of around 66.0% [25]. - Long-term borrowings increased to RMB 14,419,081,986.43 from RMB 9,567,707,809.79, indicating a rise of approximately 50.5% [25]. - The equity attributable to shareholders decreased to RMB 22,231,331,626.09 from RMB 22,357,997,457.11, a decline of about 0.6% [27]. - The company's total assets amounted to RMB 66,705,407,211.40, down from RMB 67,507,469,090.77, representing a decrease of approximately 1.2% [26]. Cash Flow Analysis - Cash flow from operating activities for the first nine months of 2024 was RMB 2.75 billion, down 8.05% year-on-year [4]. - Cash flow from operating activities for the first nine months of 2024 was RMB 2,751,908,590.91, down 8.0% from RMB 2,992,715,053.98 in 2023 [30]. - Cash flow from investment activities generated a net cash inflow of RMB 234,871,765.72 in the first nine months of 2024, compared to RMB 62,751,299.49 in 2023 [30]. - Cash flow from financing activities resulted in a net cash outflow of RMB 2,044,139,432.37 in the first nine months of 2024, an improvement from RMB 3,276,066,981.44 in 2023 [31]. - The company’s cash flow management appears strong with a significant increase in cash reserves, which may support future investments and operational needs [24]. Shareholder Information - The total number of shareholders as of the report date was 18,128, with 17,889 being A-share shareholders [7]. - The largest shareholder, HKSCC Nominees Limited, holds 33.46% of the shares, totaling 729,845,242 shares [7]. - The company plans to extend the validity period of the shareholder meeting resolution for the issuance of shares by 12 months to facilitate the issuance process [19]. Project and Revenue Highlights - The company reported a total revenue of RMB 182,202.27 thousand for the organic waste treatment projects in the first nine months of 2024, with a projected subsidy income based on waste processing volume included [15]. - The company’s Guizhou project processed 47.35 thousand tons of organic waste in Q3 2024, contributing RMB 25,728.36 thousand in revenue [15]. - The company’s Nanning project processed 45.36 thousand tons of organic waste in Q3 2024, generating RMB 24,653.78 thousand in revenue [15]. - The company’s total revenue from organic waste treatment projects in Q3 2024 was RMB 365.93 thousand, with a total of 1,027.10 thousand tons processed [16]. - The average daily mixed traffic volume for the Meiguan Expressway was 179, with a daily toll revenue of RMB 463 thousand for the third quarter of 2024 [12]. - The average daily toll revenue for the Longda Expressway was RMB 450 thousand, with a 89.93% stake held by the company [12]. - The average daily toll revenue for the Outer Ring project was RMB 3,460 thousand, with a 100% stake held by the company [12]. - The average daily toll revenue for the Shui Guan Expressway was RMB 1,887 thousand, with a 50% stake held [12]. - The company’s total revenue from the Longyou project was RMB 957.77 thousand in Q3 2024, with a 100% stake held [15]. Financing Activities - The company plans to issue up to approximately 654 million A-shares, with total fundraising adjusted to not exceed 4.703 billion RMB for investment in external projects and repayment of interest-bearing debts [19]. - The company completed the issuance of the second phase of ultra-short-term financing bonds on July 22, 2024, with a scale of 1.5 billion RMB and a coupon rate of 1.75% [22]. - The company issued 5 billion RMB of medium-term notes with a term of 3 years and an interest rate of 2.16% on October 18, 2024 [22]. Wind Power Generation - The company reported wind power generation data for Q3 2024, with total on-grid electricity of 400,854.46 MWh and wind power business revenue of 125.81 million RMB for the first nine months of 2024 [18]. - The company’s Xinjiang Mu Lei project generated 554,642.46 MWh of on-grid electricity and contributed 251.78 million RMB in revenue for the first nine months of 2024 [18]. - The company’s Baotou South Wind project reported 95,339.37 MWh of on-grid electricity and 31.32 million RMB in revenue for Q3 2024 [18]. - The company’s Huai'an Zhongheng project, with a 20% holding, generated 140,534.20 MWh of on-grid electricity and contributed 64.20 million RMB in revenue for the first nine months of 2024 [18].
深圳国际(00152) - 2024 Q3 - 季度业绩