FII(601138)2024-10-30 09:35Revenue and Profit Performance - Revenue for the third quarter of 2024 reached a record high of 170,282,096 thousand yuan, a year-on-year increase of 39.53%[2][4] - Net profit attributable to shareholders of the listed company for the third quarter was 6,401,934 thousand yuan, a year-on-year increase of 1.24%[2][4] - Total revenue for the first three quarters of 2024 reached 436.37 billion yuan, a significant increase from 328.82 billion yuan in the same period of 2023[19][20] - Operating profit for the first three quarters of 2024 was 16.66 billion yuan, up from 14.59 billion yuan in the same period of 2023[20] - Net profit attributable to the parent company's shareholders for the first three quarters of 2024 was 15.14 billion yuan, compared to 13.48 billion yuan in the same period of 2023[21] - Basic earnings per share (EPS) for the first three quarters of 2024 were 0.76 yuan, up from 0.68 yuan in the same period of 2023[21][23] - Total comprehensive income for the first three quarters of 2024 was 14.17 billion yuan, slightly higher than 14.09 billion yuan in the same period of 2023[21] Cloud Computing and AI Business - Cloud computing business revenue increased by 71% year-on-year in the first three quarters of 2024, with AI server revenue growing by 228% and accounting for 45% of total server revenue[5] - AI server revenue accounted for 48% of total server revenue in the third quarter of 2024, showing a continuous quarter-over-quarter increase[5] Data Center and Networking Products - Data center 400/800G high-speed switch revenue in the third quarter of 2024 increased by 128% year-on-year and 27% quarter-on-quarter[6] - SmartNIC/DPU card revenue in the first three quarters of 2024 increased by 200% year-on-year[6] Financial Position and Assets - Total assets as of the end of the third quarter of 2024 were 308,443,216 thousand yuan, a 7.21% increase compared to the end of the previous year[4] - The company's total assets as of September 30, 2024, amounted to RMB 308,443,216, compared to RMB 287,705,301 as of December 31, 2023[16] - The company's total liabilities as of September 30, 2024, were RMB 156,888,986, compared to RMB 138,044,524 as of December 31, 2023[17] - Total liabilities as of the end of Q3 2024 were 164.47 billion yuan, an increase from 147.11 billion yuan at the end of Q3 2023[18] - Total equity attributable to the parent company's shareholders as of the end of Q3 2024 was 143.55 billion yuan, up from 140.19 billion yuan at the end of Q3 2023[18] Cash Flow and Liquidity - Operating cash flow for the first three quarters of 2024 was 4,151,615 thousand yuan, a decrease of 87.08% year-on-year[4][10] - Foxconn Industrial Internet Co., Ltd. held RMB 56,624,904 in cash and cash equivalents as of September 30, 2024, down from RMB 83,462,320 as of December 31, 2023[16] - Sales of goods and services received cash of RMB 416,005,100 in the first three quarters of 2024, compared to RMB 359,677,169 in the same period of 2023, representing a 15.7% increase[24] - Net cash flow from operating activities was RMB 4,151,615 in the first three quarters of 2024, a significant decrease from RMB 32,122,160 in the same period of 2023[24] - Cash paid for goods and services was RMB 387,046,216 in the first three quarters of 2024, up from RMB 306,100,399 in the same period of 2023, a 26.4% increase[24] - Net cash flow from investing activities was negative RMB 6,194,489 in the first three quarters of 2024, compared to negative RMB 1,161,869 in the same period of 2023[25] - Cash received from investments was RMB 1,050,000 in the first three quarters of 2024, down from RMB 5,380,000 in the same period of 2023[25] - Net cash flow from financing activities was negative RMB 24,739,427 in the first three quarters of 2024, compared to negative RMB 21,224,259 in the same period of 2023[25] - Cash and cash equivalents at the end of the period were RMB 56,309,715 in the first three quarters of 2024, down from RMB 79,698,490 in the same period of 2023[25] Share Repurchase Plan - Foxconn Industrial Internet Co., Ltd. plans to repurchase shares using its own funds, with a minimum of RMB 200 million and a maximum of RMB 300 million, at a price not exceeding RMB 40.33 per share, within 12 months from the approval date of the share repurchase plan[14] - As of September 30, 2024, the company has not yet implemented the share repurchase plan[15] Accounts Receivable and Inventory - The company's accounts receivable increased to RMB 117,766,835 as of September 30, 2024, from RMB 88,466,866 as of December 31, 2023[16] - Inventory levels rose to RMB 90,334,675 as of September 30, 2024, compared to RMB 76,683,349 as of December 31, 2023[16] Fixed Assets and Borrowings - Fixed assets increased to RMB 18,421,726 as of September 30, 2024, from RMB 17,711,566 as of December 31, 2023[17] - The company's short-term borrowings decreased to RMB 34,736,865 as of September 30, 2024, from RMB 41,090,899 as of December 31, 2023[17] - Long-term borrowings as of the end of Q3 2024 were 3.50 billion yuan, a decrease from 7.10 billion yuan at the end of Q3 2023[18] Accounts Payable - Accounts payable increased to RMB 103,821,155 as of September 30, 2024, compared to RMB 75,028,335 as of December 31, 2023[17] Earnings Per Share and Return on Equity - Basic earnings per share for the third quarter of 2024 were 0.32 yuan, with diluted earnings per share also at 0.32 yuan[4] - Weighted average return on equity for the third quarter of 2024 was 4.02%, a decrease of 0.87 percentage points year-on-year[4] R&D Expenses - R&D expenses for the first three quarters of 2024 were 7.13 billion yuan, a decrease from 7.82 billion yuan in the same period of 2023[20]