Financial Performance - Total revenue for Q3 2024 was CNY 27,557,444 thousand, a decrease of 3.94% year-over-year[5] - Net profit attributable to ordinary shareholders for Q3 2024 was CNY 2,173,957 thousand, an increase of 8.23% year-over-year[5] - Net profit excluding non-recurring gains and losses for Q3 2024 was CNY 1,934,815 thousand, a decrease of 11.73% year-over-year[5] - Basic earnings per share for Q3 2024 was CNY 0.45, down 10.00% year-over-year[5] - Total operating revenue for the first nine months of 2024 reached RMB 90,044,542, a decrease from RMB 99,175,614 in the same period of 2023[19] - Net profit for the first nine months of 2024 was RMB 7,847,061, compared to RMB 6,382,447 in the same period of 2023, representing an increase of approximately 22.9%[19] - The company reported a total profit of RMB 8,524,357 for the first nine months of 2024, up from RMB 6,559,133 in the same period of 2023[19] - Basic and diluted earnings per share for the first nine months of 2024 were both RMB 1.65, consistent with the same period in 2023[19] Cash Flow - Net cash flow from operating activities for Q3 2024 was CNY 1,048,666 thousand, a significant decrease of 63.02% year-over-year[5] - The company reported a significant decline in cash flow from operating activities, which decreased by 13.10% for the first nine months of 2024 compared to the previous year[5] - The net cash flow from operating activities for the first nine months of 2024 was RMB 8,049,065 thousand, down from RMB 9,262,015 thousand in the same period of 2023, representing a decline of 13.1%[21] - The total cash and cash equivalents at the end of the period were RMB 31,576,058 thousand, down from RMB 56,500,097 thousand at the end of the same period in 2023, a decrease of 44.3%[21] - The net increase in cash and cash equivalents for the first nine months of 2024 was RMB (19,437,109) thousand, compared to RMB 9,428,368 thousand in the same period of 2023, indicating a decline[21] Assets and Liabilities - Total assets as of September 30, 2024, were CNY 199,694,343 thousand, a decrease of 0.63% from the end of 2023[5] - Total liabilities reached RMB 127,058,767 thousand, up from RMB 112,045,823 thousand, representing an increase of approximately 13%[18] - The total equity attributable to shareholders of the parent company was RMB 72,315,851 thousand, up from RMB 63,295,608 thousand, indicating an increase of about 14%[18] - The company's total liabilities to equity ratio was approximately 1.75, indicating a leveraged position in its capital structure[18] Shareholder Information - The total number of shareholders as of September 30, 2024, is 456,478, with the top 10 shareholders holding 20.09% of the shares[14] - ZTE Corporation holds 958,940,400 shares, representing 20.09% of the total shares, with 2,038,000 H shares held nominally by Hong Kong Central Clearing Agent Limited[14] - The second-largest shareholder, Hong Kong Central Clearing Agent Limited, holds 752,328,848 H shares, accounting for 15.73% of the total shares[14] - The total number of shares held by the top 10 shareholders is 1,194,000,000, which constitutes approximately 26.14% of the total share capital[14] Research and Development - Research and development expenses amounted to RMB 18,640,816, significantly higher than RMB 3,231,927 in the first nine months of 2023[19] - Research and development expenses increased to RMB 5,914,921, representing 21.5% of total revenue in Q3 2024[20] Other Financial Metrics - The company reported a gross profit margin of 40.2% in Q3 2024, compared to 44.5% in Q3 2023[20] - The company recorded a significant increase in other income, totaling RMB 56,432 in the first nine months of 2024, compared to RMB 12,868 in the same period of 2023[19] - The company experienced a decrease in operating costs, which were RMB 53,635,944 in the first nine months of 2024, down from RMB 82,255,133 in the same period of 2023[19] - The company reported a significant reduction in financial expenses, with interest expenses recorded at RMB 165,895 compared to RMB 887,295 in the same period of 2023[19]
中兴通讯(00763) - 2024 Q3 - 季度业绩