QDPI(SH:601298)2023-10-27 16:00Financial Performance - Q3 2023 revenue was CNY 4,500,981,261, a decrease of 7.29% year-over-year[6] - Net profit attributable to shareholders for Q3 2023 was CNY 1,224,668,314, an increase of 7.76% year-over-year[6] - Basic earnings per share for Q3 2023 was CNY 0.19, up 11.76% compared to the same period last year[7] - Total operating revenue for the first three quarters of 2023 was ¥13,658,507,451, a decrease of 7.7% compared to ¥14,801,058,530 in the same period of 2022[23] - Net profit for the first three quarters of 2023 was ¥4,249,554,375, an increase of 4.9% from ¥4,050,042,482 in the previous year[24] - The company reported a total profit of ¥5,202,476,333 for the first three quarters of 2023, slightly up from ¥5,102,628,457 in the same period of 2022[24] Assets and Liabilities - Total assets at the end of Q3 2023 reached CNY 59,990,611,693, representing a 4.38% increase from the end of the previous year[7] - The total liabilities of the company were RMB 16,582,116,865, compared to RMB 16,198,992,211 at the end of 2022, reflecting a rise of approximately 2.4%[20] - The company’s total non-current assets amounted to RMB 45,669,785,980, an increase from RMB 43,598,355,660, representing a growth of approximately 4.8%[20] - Long-term equity investments increased to RMB 14,325,296,082 from RMB 12,888,086,094, marking a growth of approximately 11.1%[19] Cash Flow - The company's cash flow from operating activities for the year-to-date was CNY 4,305,890,623, reflecting a 7.10% increase[7] - The net cash flow from operating activities was ¥4,305,890,623, up from ¥4,020,501,541 in the same period last year, indicating a growth of 7.1%[25] - Cash and cash equivalents at the end of the third quarter of 2023 reached ¥9,920,075,683, compared to ¥5,229,164,354 at the end of the same period in 2022, showing a significant increase[26] Equity - The total equity attributable to shareholders at the end of Q3 2023 was CNY 39,264,578,113, a 4.99% increase from the previous year[7] - The company reported a significant increase in accounts receivable, which rose to RMB 2,279,195,228 from RMB 2,016,471,556, indicating a growth of approximately 13%[19] - The company’s inventory decreased to RMB 40,930,759 from RMB 54,146,549, reflecting a decline of about 24%[19] - The company’s cash and cash equivalents reached RMB 10,070,974,359, up from RMB 9,183,323,879 at the end of 2022, indicating an increase of about 9.7%[19] Expenses and Investments - Sales expenses increased by 33.40% due to higher market development service fees[10] - The company plans to accelerate the construction of smart port facilities, increasing R&D investment by 72.46%[10] - The company adjusted the depreciation period for fixed assets, extending it from 10 years to a range of 10-20 years for handling equipment, which may enhance future profitability[16] - The company’s financial expenses increased to ¥89,464,459 from a negative figure of -¥165,860,123 in the previous year, indicating a shift in financial management[23] - Investment activities resulted in a net cash outflow of ¥1,284,516,522, an improvement from a net outflow of ¥3,964,578,232 in the previous year[25] Government Support - The company received government subsidies amounting to CNY 21,213,350 during the reporting period, closely related to its normal business operations[9]