UNIS(000938)2024-10-30 10:38Revenue and Profit - Revenue for Q3 2024 reached RMB 20.89 billion, an increase of 8.97% year-over-year[2] - Net profit attributable to shareholders for Q3 2024 was RMB 581.26 million, up 12.06% year-over-year[2] - Total revenue for the first nine months of 2024 was RMB 588.39 billion, a 6.56% increase year-over-year[4] - Net profit attributable to shareholders for the first nine months of 2024 was RMB 1.58 billion, up 2.65% year-over-year[4] - Total revenue for the current period reached RMB 58.84 billion, compared to RMB 55.21 billion in the same period last year[19] - Net profit for the current period was RMB 2.02 billion, down from RMB 2.71 billion in the same period last year[20] - Operating profit for the current period was RMB 2.16 billion, compared to RMB 2.82 billion in the same period last year[20] H3C Group Performance - H3C Group, a subsidiary, achieved revenue of RMB 402.66 billion in the first nine months of 2024, a 7.18% increase year-over-year[4] - International business revenue for H3C brand products and services reached RMB 685 million, a 69.26% increase year-over-year[4] - The company's subsidiary, Unisplendour International Information Technology Co., Ltd., completed the acquisition of 30% equity in H3C Holdings Limited and Izar Holding Co for $2,142,834,885, increasing its stake in H3C from 51% to 81%[13][14] Assets and Liabilities - Total assets as of September 30, 2024, were RMB 85.08 billion, a decrease of 2.50% compared to the end of the previous year[3] - Equity attributable to shareholders as of September 30, 2024, was RMB 13.51 billion, a decrease of 60.20% compared to the end of the previous year[3] - Total assets at the end of the period stood at RMB 85.08 billion, slightly down from RMB 87.26 billion in the previous period[18] - Total liabilities increased to RMB 68.53 billion from RMB 47.22 billion in the previous period[17] - Long-term borrowings rose significantly to RMB 12.78 billion from RMB 5.09 billion in the previous period[17] - Equity attributable to the parent company's shareholders decreased to RMB 13.51 billion from RMB 33.95 billion in the previous period[18] - Contract liabilities decreased to RMB 10.80 billion from RMB 12.04 billion in the previous period[17] Cash Flow and Financial Position - Cash and cash equivalents decreased by 49.44% to RMB 7.44 billion as of September 30, 2024, primarily due to the acquisition of a 30% stake in H3C Group[7] - Long-term loans increased by 151.29% to RMB 12.78 billion as of September 30, 2024, mainly due to financing for the acquisition of a 30% stake in H3C Group[7] - Net cash flow from operating activities increased by 45.34% to -2,400,118,168.77 due to increased sales collections by H3C[8] - The company's monetary funds decreased to RMB 7,437,091,509.80 as of September 30, 2024, compared to RMB 14,710,814,862.20 at the beginning of the period[15] - Inventory increased significantly to RMB 32,739,731,681.75 as of September 30, 2024, up from RMB 27,934,500,460.28 at the beginning of the period[16] - Short-term borrowings rose to RMB 7,679,901,639.80 as of September 30, 2024, compared to RMB 6,282,709,107.40 at the beginning of the period[16] - Cash received from sales of goods and services was 70,362,019,653.62 yuan, up from 65,297,171,706.13 yuan in the previous period[21] - Total cash inflows from operating activities were 72,404,431,685.25 yuan, compared to 67,062,971,053.06 yuan in the previous period[21] - Net cash flow from operating activities was -2,400,118,168.77 yuan, an improvement from -4,391,082,054.12 yuan in the previous period[21] - Net cash flow from investing activities was 18,837,440.29 yuan, down from 891,117,339.04 yuan in the previous period[22] - Net cash flow from financing activities was -5,015,260,937.84 yuan, compared to 6,147,927,687.36 yuan in the previous period[22] - Net increase in cash and cash equivalents was -7,425,451,383.66 yuan, compared to 2,669,680,927.30 yuan in the previous period[22] - Ending cash and cash equivalents balance was 7,093,953,955.73 yuan, down from 13,052,335,187.81 yuan in the previous period[22] Equity and Reserves - Long-term employee benefits payable decreased by 90.11% to 19,877,817.50 due to reclassification of H3C's medium and long-term incentive plan[8] - Other non-current liabilities increased by 20027.39% to 9,121,980,510.41 due to accounting treatment of H3C's 19% equity option forward arrangement[8] - Capital reserve decreased by 99.91% to 15,683,120.56 due to acquisition of H3C's 30% equity and treatment of 19% equity option forward arrangement[8] - Surplus reserve decreased by 100.00% to 0 due to acquisition of H3C's 30% equity and treatment of 19% equity option forward arrangement[8] - Total equity attributable to parent company decreased by 60.20% to 13,511,121,900.49 due to acquisition of H3C's 30% equity and treatment of 19% equity option forward arrangement[8] - Minority interests decreased by 50.13% to 3,040,085,836.87 due to acquisition of H3C's 30% equity[8] Expenses and Income - Financial expenses decreased by 51.25% to 281,813,805.49 due to reduced exchange losses and increased interest expenses[8] - Other income decreased by 49.05% to 504,506,149.57 due to reduced government subsidies for H3C and Unisplendour Computer Technology[8] - Investment income decreased by 54.03% to 43,257,569.01 due to reduced gains from disposal of derivative financial instruments by H3C[8] - R&D expenses for the current period amounted to RMB 3.77 billion, a decrease from RMB 4.19 billion in the same period last year[19] Earnings Per Share - Basic earnings per share for the quarter were 0.5530, compared to 0.5387 in the previous period[21] - Diluted earnings per share for the quarter were 0.5530, compared to 0.5387 in the previous period[21]