G-bits(SH:603444)2023-10-24 16:00Financial Performance - The total comprehensive income attributable to the parent company for the first three quarters of 2023 is CNY 883,576,876.02, a decrease of 18% compared to CNY 1,076,031,029.14 in the same period of 2022[3]. - Basic earnings per share for the first three quarters of 2023 is CNY 11.94, down from CNY 14.08 in the same period of 2022, reflecting a decline of approximately 15%[3]. - The company reported a decrease in sales revenue from CNY 3,972,619,216.59 in the first three quarters of 2022 to CNY 3,334,548,554.81 in the same period of 2023, reflecting a decline of approximately 16%[6]. - Net profit for the first three quarters of 2023 reached CNY 782,510,523.02, compared to CNY 713,930,845.71 in the same period of 2022, indicating an increase of approximately 9.6%[17]. - The total revenue for the first three quarters of 2023 was CNY 803,004,888.90, up from CNY 732,757,720.80 in the same period last year, representing an increase of approximately 9.5%[17]. - The net profit attributable to shareholders for the first three quarters of 2023 was RMB 859.31 million, down 15.07% year-on-year[42]. - The net profit for Q3 2023 was RMB 183.34 million, a decline of 43.31% compared to the same period last year[47]. - The adjusted net profit attributable to shareholders for Q3 2023, excluding foreign exchange fluctuations and investment impacts, was RMB 206 million, a decrease of 27.20% year-on-year[47]. - The net profit attributable to shareholders for the third quarter of 2023 was approximately ¥183.34 million, a decrease of 43.31% year-on-year[67]. Cash Flow - Cash flow from operating activities for the first three quarters of 2023 is CNY 824,559,084.87, a decrease of 36% compared to CNY 1,292,527,494.26 in the same period of 2022[6]. - The net increase in cash from operating activities in the first three quarters of 2023 is CNY 824,559,084.87, indicating a significant drop in operational cash generation[6]. - The company's cash flow from operating activities for the first three quarters of 2023 was not detailed, but it is crucial for assessing liquidity and operational efficiency[17]. - The net cash flow from operating activities for the first nine months of 2023 decreased by 36.21% compared to the same period last year, primarily due to a decline in core product revenue[59]. - The net cash flow from operating activities for Q3 2023 was RMB 222.91 million, down 58.92% year-on-year[47]. - The company's cash flow from financing activities for the first three quarters of 2023 shows a net outflow of -CNY 950,779,661.96, compared to -CNY 1,404,448,992.86 in the same period of 2022[8]. - The company reported a net cash outflow from financing activities of ¥660,882,837.93 in the first three quarters of 2023, compared to a net outflow of ¥1,149,836,248.36 in the same period of 2022[20]. - The cash flow from financing activities for the first nine months of 2023 improved by 32.30% compared to the same period last year, mainly due to a reduction in dividend payments[71]. Assets and Liabilities - As of September 30, 2023, total assets amounted to CNY 3,226,001,377.53, an increase from CNY 3,129,164,508.99 as of December 31, 2022, reflecting a growth of approximately 3.1%[11]. - The total liabilities decreased to CNY 183,591,448.21 from CNY 215,109,291.77, representing a reduction of about 14.6%[13]. - The company's total assets at the end of Q3 2023 were RMB 6.48 billion, a slight decrease of 0.10% from the end of the previous year[47]. - Total liabilities decreased to approximately 1.56 billion from 1.78 billion year-over-year[96]. - The company's total current liabilities decreased to approximately 1.46 billion from 1.69 billion, a reduction of about 13.5%[96]. - The retained earnings as of September 30, 2023, were approximately 2.62 billion, up from 2.48 billion, reflecting an increase of about 5.7%[98]. - The total non-current liabilities increased to approximately 101.57 million from 90.29 million, marking an increase of about 12.5%[96]. Investments - Cash inflow from investment activities for the first three quarters of 2023 is CNY 4,181,983,301.27, an increase of 19% compared to CNY 3,500,002,740.12 in the same period of 2022[8]. - Net cash flow from investment activities for the first three quarters of 2023 is -CNY 182,190,004.69, slightly worse than -CNY 168,913,327.63 in the same period of 2022[8]. - The company maintained a stable level of long-term equity investments at CNY 2,183,603,172.49, slightly up from CNY 2,128,930,582.66, indicating a strategic focus on long-term growth[11]. - The total investment income for the first nine months of 2023 was approximately ¥72.38 million, an increase of 291.43% year-on-year, attributed to higher equity method investment income[71]. - The financial income from investment activities increased by RMB 94.39 million year-on-year, mainly due to increased investment income from joint ventures[54]. Other Financial Metrics - The company has seen an increase in cash received from other operating activities, rising from CNY 88,033,192.61 in 2022 to CNY 130,423,192.13 in 2023, marking a growth of approximately 48%[6]. - The company's overseas game revenue for the first three quarters of 2023 was RMB 185 million, remaining stable compared to the previous year[52]. - The company's trading financial assets increased to 833,745,233.45 RMB from 629,605,938.78 RMB year-over-year[89]. - The company's other comprehensive income increased to approximately 83.98 million from 59.71 million, a growth of about 40.5%[98]. - The average number of employees increased by approximately 23.34% year-on-year, reaching an average of 1,358 employees in the first three quarters of 2023[53].