Hisense V.T.(SH:600060)2022-10-30 16:00Financial Performance - Revenue for Q3 2022 was CNY 12,297,068,605.34, a decrease of 5.14% compared to the same period last year[4] - Net profit attributable to shareholders for Q3 2022 was CNY 513,392,186.49, an increase of 116.19% year-over-year[4] - Net profit excluding non-recurring gains and losses for Q3 2022 was CNY 447,706,618.07, up 171.54% from the previous year[4] - Basic earnings per share for Q3 2022 was CNY 0.379, reflecting a growth of 107.10% year-over-year[4] - Total operating revenue for the first three quarters of 2022 was approximately ¥32.51 billion, a decrease of 4.14% compared to ¥33.92 billion in the same period of 2021[14] - Net profit for the first three quarters of 2022 reached approximately ¥1.48 billion, an increase of 51.54% compared to ¥978.65 million in the same period of 2021[15] - Basic earnings per share for the first three quarters of 2022 were ¥0.834, an increase from ¥0.481 in the same period of 2021[15] Assets and Liabilities - Total assets at the end of Q3 2022 reached CNY 33,451,389,511.53, a slight increase of 0.57% from the end of the previous year[4] - As of September 30, 2022, the total assets of Hisense Visual Technology Co., Ltd. amounted to RMB 33.45 billion, an increase from RMB 33.26 billion at the end of 2021, representing a growth of approximately 0.57%[12] - The total current assets stood at RMB 27.48 billion, slightly down from RMB 27.98 billion, indicating a decrease of approximately 1.81%[11] - The total liabilities decreased to RMB 14.39 billion from RMB 15.08 billion, a decline of approximately 4.59%[13] - The equity attributable to shareholders of the parent company increased to RMB 16.82 billion from RMB 16.09 billion, marking an increase of about 4.52%[13] Cash Flow - Cash flow from operating activities for the year-to-date period was CNY 3,863,407,121.85, indicating improved operational efficiency[6] - Cash flow from operating activities generated a net amount of approximately ¥3.86 billion, a significant improvement from a net outflow of approximately ¥1.63 billion in the same period of 2021[16] - The company achieved cash inflow from operating activities totaling approximately ¥34.01 billion, compared to ¥32.54 billion in the same period of 2021[16] - Cash outflow from investment activities totaled ¥17,670,294,168.23, an increase from ¥13,903,059,977.96 in the previous year[17] - Net cash flow from investment activities was -¥4,182,400,480.03, compared to a positive cash flow of ¥2,263,793,301.07 in the same period last year[17] - Total cash inflow from financing activities was ¥5,889,158,112.78, down from ¥6,440,469,585.77 year-over-year[17] - Net cash flow from financing activities was -¥1,142,262,455.88, compared to -¥731,784,252.79 in the previous year[17] - The net increase in cash and cash equivalents was -¥1,436,286,621.09, compared to -¥83,757,125.54 in the same period last year[17] - The ending balance of cash and cash equivalents was ¥610,228,590.49, down from ¥1,002,795,613.27 year-over-year[17] Investments and Expenses - Research and development expenses increased to approximately ¥1.50 billion, up 11.66% from ¥1.34 billion year-over-year[14] - The company's long-term investments rose to RMB 484.93 million from RMB 367.25 million, an increase of approximately 32.00%[12] - Cash paid for the acquisition of fixed assets, intangible assets, and other long-term assets was ¥170,168,417.81, compared to ¥126,059,926.96 in the previous year[17] - Cash paid for investment activities was ¥17,459,733,175.67, an increase from ¥13,775,000,000.00 year-over-year[17] - The company recorded a decrease in sales expenses to approximately ¥2.42 billion, down from ¥2.49 billion year-over-year[14] Market Position and Strategy - The company plans to continue enhancing its market position through technology upgrades and product innovation[6] - Shareholder structure shows that Hisense Group holds 30.02% of the shares, indicating strong institutional support[7]