Hundsun(600570)2024-10-30 12:19Revenue Performance - Revenue for the third quarter was RMB 1,351,907,363.70, a decrease of 12.26% year-over-year[2] - Year-to-date revenue reached RMB 4,187,756,325.06, down 4.12% compared to the same period last year[2] - Total operating income for the first three quarters of 2024 was RMB 4,187,756,325.06, a decrease of 4.1% compared to RMB 4,367,606,135.94 in the same period of 2023[17] Net Profit and Earnings - Net profit attributable to shareholders for the third quarter increased by 159.18% year-over-year, driven by gains from the fair value changes of non-current financial assets[8] - Year-to-date net profit attributable to shareholders was RMB 415,628,535.23, a decrease of 26.57% year-over-year[2] - Net profit for the first three quarters of 2024 was RMB 447,051,385.85, a decrease of 28.7% compared to RMB 627,140,880.77 in the same period of 2023[18] - Basic and diluted earnings per share for the first three quarters of 2024 were both 0.24 RMB, down from 0.32 RMB in the same period of 2023[19] Segment Revenue Performance - Wealth technology services revenue for the first nine months was RMB 803,443,133.63, down 20.32% year-over-year[8] - Asset management technology services revenue for the first nine months was RMB 1,010,411,026.90, a slight decrease of 3.40% year-over-year[8] - Enterprise finance, insurance core, and financial infrastructure technology services revenue grew by 16.74% year-over-year to RMB 469,760,154.38[8] Financial Position and Assets - Total assets as of the end of the reporting period were RMB 13,414,308,364.11, a decrease of 6.54% compared to the end of the previous year[5] - Total assets as of Q3 2024 were RMB 13,414,308,364.11, a decrease of 6.5% compared to RMB 14,353,729,857.51 in the same period of 2023[16] - Shareholders' equity attributable to the parent company increased by 2.36% to RMB 8,218,411,086.66 compared to the end of the previous year[5] - Total equity attributable to the parent company as of Q3 2024 was RMB 8,218,411,086.66, an increase of 2.4% compared to RMB 8,028,899,065.67 in the same period of 2023[16] - Minority interest as of Q3 2024 was RMB 767,779,825.33, a decrease of 5.9% compared to RMB 815,823,047.08 in the same period of 2023[16] Liabilities and Contractual Obligations - Contract liabilities as of Q3 2024 were RMB 2,267,961,807.33, a decrease of 18.0% compared to RMB 2,766,239,316.50 in the same period of 2023[15] - Total liabilities as of Q3 2024 were RMB 4,428,117,452.12, a decrease of 19.6% compared to RMB 5,509,007,744.76 in the same period of 2023[15] Investment and Fair Value Changes - Investment income for the first three quarters of 2024 was RMB 124,898,613.19, a decrease of 47.1% compared to RMB 236,289,226.45 in the same period of 2023[18] - Fair value change gains for the first three quarters of 2024 were RMB 182,480,015.23, compared to a loss of RMB 8,566,918.76 in the same period of 2023[18] Research and Development Expenses - R&D expenses for the first three quarters of 2024 were RMB 1,685,343,272.80, a decrease of 5.5% compared to RMB 1,783,861,388.87 in the same period of 2023[17] Shareholder Information - Hangzhou Hundsun Electronics Group Co., Ltd. holds 393,743,087 shares, accounting for 20.79% of the total shares[10] - Hong Kong Securities Clearing Company Ltd. holds 128,827,675 shares, accounting for 6.80% of the total shares[10] - Jiang Jiansheng holds 36,166,686 shares, accounting for 1.91% of the total shares[10] - Zhou Lingen holds 33,660,748 shares, accounting for 1.78% of the total shares[10] - ICBC - Huatai-PineBridge CSI 300 ETF holds 28,488,515 shares, accounting for 1.50% of the total shares[10] - China Securities Finance Corporation holds 24,937,171 shares, accounting for 1.32% of the total shares[10] - Peng Zhenggang holds 19,500,000 shares, accounting for 1.03% of the total shares[10] - CCB - E Fund CSI 300 ETF holds 19,099,548 shares, accounting for 1.01% of the total shares[10] - Lu Qiang holds 16,049,632 shares, accounting for 0.85% of the total shares[10] - Liu Shufeng holds 15,774,732 shares, accounting for 0.83% of the total shares[10] Cash Flow and Liquidity - Cash received from sales of goods and services in the first three quarters of 2024 was 3,731,871,496.42 RMB, a decrease from 3,969,032,313.97 RMB in the same period of 2023[20] - Net cash flow from operating activities for the first three quarters of 2024 was -990,616,912.11 RMB, compared to -779,508,012.65 RMB in the same period of 2023[21] - Cash received from investments in the first three quarters of 2024 was 3,749,260,810.28 RMB, a significant increase from 1,647,898,547.49 RMB in the same period of 2023[21] - Net cash flow from investing activities for the first three quarters of 2024 was -369,476,312.61 RMB, an improvement from -756,044,990.99 RMB in the same period of 2023[21] - Net cash flow from financing activities for the first three quarters of 2024 was -226,061,316.81 RMB, compared to 447,060,651.90 RMB in the same period of 2023[22] - The net increase in cash and cash equivalents for the first three quarters of 2024 was -1,591,822,244.74 RMB, compared to -1,081,966,148.98 RMB in the same period of 2023[22] - The ending balance of cash and cash equivalents as of September 2024 was 825,707,893.51 RMB, down from 1,579,345,816.38 RMB in the same period of 2023[22] Comprehensive Income and ROE - Comprehensive income for the first three quarters of 2024 totaled 440,541,972.75 RMB, compared to 644,979,486.21 RMB in the same period of 2023[19] - The company's weighted average return on equity (ROE) for the third quarter was 5.19%, an increase of 2.93 percentage points year-over-year[5]