GCLSI(002506)2024-10-30 10:46Financial Performance - The company's operating revenue for Q3 2024 was ¥3,877,283,429.65, representing a 1.87% increase year-over-year, while the year-to-date revenue reached ¥11,990,007,475.66, up 27.40% compared to the same period last year[2]. - Net profit attributable to shareholders for Q3 2024 was ¥38,569,938.49, a 24.71% increase year-over-year, but the year-to-date net profit decreased by 42.51% to ¥81,904,294.45[3]. - The basic earnings per share for Q3 2024 was ¥0.007, reflecting a 40.00% increase year-over-year, while the diluted earnings per share also stood at ¥0.007[3]. - Total operating revenue for Q3 2024 reached CNY 11,990,007,475.66, an increase of 27.5% compared to CNY 9,411,507,815.83 in the same period last year[21]. - Net profit for Q3 2024 was CNY 81,530,011.59, a decrease of 42.6% from CNY 141,927,339.35 in Q3 2023[22]. - The total comprehensive income for Q3 2024 was CNY 80,397,374.87, compared to CNY 140,052,743.50 in Q3 2023, indicating a decline of 42.6%[23]. Assets and Liabilities - The company's total assets as of the end of Q3 2024 were ¥19,853,340,553.72, a 3.89% increase from the end of the previous year[3]. - As of September 30, 2024, the total assets of GCL-Poly Energy Holdings Limited amounted to approximately RMB 19.85 billion, an increase from RMB 19.11 billion at the beginning of the period, reflecting a growth of about 3.88%[17]. - The total liabilities decreased slightly to approximately RMB 11.15 billion from RMB 11.83 billion, indicating a reduction of about 5.77%[18]. - The total liabilities increased to CNY 17,384,924,758.65 in Q3 2024, compared to CNY 16,686,113,187.25 in Q3 2023, marking a growth of 4.2%[22]. - The company's total equity increased to approximately RMB 8.70 billion from RMB 7.27 billion, reflecting a growth of about 19.63%[18]. - The total equity attributable to shareholders of the parent company was CNY 2,468,419,211.66, up from CNY 2,424,247,574.67, representing a growth of 1.8%[22]. Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥973,224,319.66, showing a 6.31% increase compared to the previous year[3]. - The total cash inflow from operating activities for the current period reached ¥12,924,777,480.34, a significant increase from ¥8,159,265,824.34 in the previous period, representing a growth of approximately 58.5%[25]. - Cash outflow from operating activities totaled ¥11,951,553,160.68, compared to ¥7,243,808,981.72 in the previous period, indicating an increase of about 65.7%[25]. - The net cash flow from operating activities was ¥973,224,319.66, slightly up from ¥915,456,842.62 in the previous period, showing a growth of approximately 6.8%[25]. - The net cash flow from financing activities was negative at -¥457,609,407.80, compared to a positive cash flow of ¥374,489,794.92 in the previous period[26]. Expenses - Research and development expenses increased by 103.96% year-over-year, primarily due to increased investment in battery cell project R&D[9]. - Research and development expenses for Q3 2024 amounted to CNY 268,090,404.07, which is a significant increase of 103.9% compared to CNY 131,441,059.09 in the previous year[21]. - The company reported a total operating cost of ¥8,625,965,701.36 after adjustments, up from ¥8,594,279,200.12 prior to adjustments, reflecting an increase of approximately 0.4%[27]. - Total operating costs for Q3 2024 were CNY 12,113,370,007.95, up from CNY 9,323,060,361.60, reflecting a year-over-year increase of 30.3%[21]. - The company experienced a 59.75% increase in taxes and surcharges compared to the same period last year, attributed to increased business volume[9]. Shareholder Activities - The company repurchased a total of 18,558,395 shares, accounting for 0.3172% of the total share capital, with a total expenditure of approximately RMB 34.99 million[15]. - The controlling shareholder, GCL Group, pledged approximately 466 million shares, representing 100% of its holdings, which is about 7.97% of the total share capital[16].