Quectel(603236)2024-10-21 08:13Financial Performance - Revenue for the third quarter reached RMB 4,997,072,751.96, a 44.64% increase year-over-year[2] - Net profit attributable to shareholders for the third quarter was RMB 147,282,826.92, up 51.29% year-over-year[2] - Total revenue for the first three quarters was RMB 13,245,900,486.06, a 32.90% increase year-over-year[2] - Operating income for the first three quarters of 2024 reached 13.25 billion RMB, up from 9.97 billion RMB in the same period of 2023[14] - Net profit for the first three quarters of 2024 was 347 million RMB, compared to a net loss of 21.78 million RMB in the same period of 2023[16] - Net profit attributable to parent company shareholders: RMB 356,658,200.80, a decrease of RMB 18,024,634.54[17] - Comprehensive income attributable to parent company shareholders: RMB 358,192,186.35, a decrease of RMB 12,317,644.77[17] - Basic earnings per share: RMB 1.36, compared to RMB -0.07 in the previous year[17] Assets and Liabilities - Total assets as of the end of the third quarter were RMB 11,757,754,780.03, a 4.67% increase from the end of the previous year[3] - Total assets increased to 11.76 billion RMB from 11.23 billion RMB[13] - Total liabilities rose to 7.96 billion RMB from 7.61 billion RMB[14] - Short-term borrowings increased to 1.03 billion RMB from 719.56 million RMB[13] - Contract liabilities grew to 451.15 million RMB from 218.70 million RMB[13] - Long-term borrowings decreased to 1.32 billion RMB from 1.44 billion RMB[14] - Total equity attributable to the parent company increased to 3.81 billion RMB from 3.63 billion RMB[14] Cash Flow - Operating cash flow for the first three quarters was RMB 306,786,256.32, a decrease of 15.77% year-over-year[2] - Cash received from sales of goods and services: RMB 11,405,967,376.41, an increase from RMB 10,230,631,993.60 in the previous year[18] - Net cash flow from operating activities: RMB 306,786,256.32, a decrease from RMB 364,218,208.57 in the previous year[18] - Net cash flow from investing activities: RMB -202,972,922.13, a decrease from RMB -165,168,333.74 in the previous year[19] - Net cash flow from financing activities: RMB -201,344,620.33, an improvement from RMB -370,852,448.26 in the previous year[19] - Cash and cash equivalents at the end of the period: RMB 1,761,676,081.73, a decrease from RMB 2,055,614,590.04 in the previous year[19] Earnings and Returns - Basic earnings per share for the third quarter were RMB 0.56, a 51.35% increase year-over-year[3] - Weighted average return on equity for the third quarter was 3.88%, an increase of 1.08 percentage points year-over-year[3] Government Subsidies - Government subsidies received during the third quarter amounted to RMB 11,876,957.19[4] Business Segments - The company's 5G modules, automotive modules, and smart modules saw increased business volumes during the quarter[6] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 32,322[9] - Qian Penghe holds 60,175,557 shares, representing 22.74% of the total shares[9] - Ningbo Quectel Investment Partnership holds 17,257,208 shares, representing 6.52% of the total shares[9] - Hong Kong Securities Clearing Company holds 12,143,613 shares, representing 4.59% of the total shares[9] - Ge Guilian holds 4,266,970 shares, representing 1.61% of the total shares[9] - Shanghai Xingzhi Venture Capital holds 3,879,560 shares, representing 1.47% of the total shares[9] - Ge Weidong holds 3,626,000 shares, representing 1.37% of the total shares[9] - Zhang Dong holds 3,548,720 shares, representing 1.34% of the total shares[9] - Shanghai Chongyang Strategic Investment - Chongyang Strategic Yingzhi Fund holds 3,231,127 shares, representing 1.22% of the total shares[9] - Zhu Yuehai holds 2,986,239 shares, representing 1.13% of the total shares[9] R&D Expenses - R&D expenses for the first three quarters of 2024 amounted to 1.23 billion RMB, slightly up from 1.20 billion RMB in the same period of 2023[16]