SMEIC(600835)2024-10-28 09:53Revenue and Profit - Revenue for Q3 2024 was CNY 5,601,155,985.68, a decrease of 12.03% compared to the same period last year[2] - Net profit attributable to shareholders was CNY 202,624,831.48, down 21.25% year-on-year[2] - Basic earnings per share for the period was CNY 0.20, reflecting a decline of 20.00% compared to the previous year[2] - Total operating revenue for the first three quarters of 2024 was CNY 15,685,019,093.44, a decrease of 9.16% compared to CNY 17,263,435,657.36 in the same period of 2023[15] - Net profit for the first three quarters of 2024 was CNY 1,081,160,856.94, a decline of 14.23% from CNY 1,260,023,866.15 in the previous year[16] - The company reported a decrease in total profit to CNY 1,140,194,721.57, down 15.66% from CNY 1,352,388,033.45 year-on-year[16] Assets and Liabilities - Total assets at the end of the period were CNY 36,947,623,243.41, a decrease of 0.72% from the end of the previous year[3] - Total assets as of September 30, 2024, were RMB 36,947,623,243.41, down from RMB 37,216,779,586.83 at the end of 2023, a decline of about 0.7%[14] - The company's total liabilities decreased to RMB 20,812,252,215.72 from RMB 21,008,133,612.85, a reduction of approximately 0.9%[13] - The equity attributable to shareholders increased to RMB 13,540,529,681.20 from RMB 13,467,098,785.15, reflecting a growth of about 0.5%[14] Cash Flow - Cash flow from operating activities for the year-to-date was CNY 1,425,852,304.90, down 16.18% year-on-year[2] - Cash flow from operating activities was CNY 13,796,537,967.84, down 22.83% from CNY 17,835,616,416.62 in the same period of 2023[18] - Net cash flow from operating activities was CNY 1.43 billion, compared to CNY 1.70 billion in the previous year, reflecting a decline of about 16.2%[20] - Operating cash inflow totaled CNY 14.09 billion, down from CNY 18.15 billion year-over-year, representing a decrease of approximately 22.4%[20] - The total cash and cash equivalents at the end of the period stood at CNY 8.41 billion, slightly down from CNY 8.18 billion at the beginning of the period[21] Inventory and Receivables - Inventory decreased by 22.84%, indicating a reduction in stock levels at subsidiaries[5] - Accounts receivable increased to RMB 4,703,675,860.39 from RMB 4,365,936,040.33, reflecting a rise of about 7.7%[12] - Inventory decreased significantly to RMB 6,431,985,531.54 from RMB 8,336,145,904.05, indicating a reduction of approximately 22.8%[12] - The company reported a slight increase in other receivables to RMB 357,771,071.38 from RMB 343,904,278.30, which is an increase of about 4%[12] Expenses - Total operating costs decreased to CNY 14,705,580,815.66, down 8.11% from CNY 16,005,322,127.81 year-on-year[15] - Research and development expenses increased to CNY 574,271,647.08, up 9.87% from CNY 522,645,004.20 in the same period last year[15] - The company’s management expenses increased to CNY 619,641,002.91, up 10.95% from CNY 558,457,109.76 in the previous year[15] - Other income increased to CNY 131,749,425.94, compared to CNY 108,275,861.42 in the same period last year[15] Investment Activities - The company reported a 30.07% decrease in cash flow from investing activities, attributed to a reduction in long-term deposits[7] - Investment income rose to CNY 272,928,730.54, an increase of 24.99% compared to CNY 218,086,261.19 in the previous year[16] - Investment activities generated a net cash flow of -CNY 899.41 million, an improvement from -CNY 1.29 billion year-over-year[21] - Cash outflow for investment activities was CNY 1.48 billion, down from CNY 1.82 billion, indicating a decrease of approximately 18.6%[20] Accounting Standards - The company has adopted new accounting standards starting from 2024, which may impact future financial reporting[22]