ZTE(SZ:000063)2023-10-23 16:00Financial Performance - The company's operating revenue for Q3 2023 was CNY 28,688,649, a decrease of 12.38% year-on-year[5]. - Net profit attributable to shareholders for Q3 2023 was CNY 2,369,013, an increase of 5.09% year-on-year[5]. - The net profit excluding non-recurring gains and losses for Q3 2023 was CNY 2,191,944, up 20.08% year-on-year[5]. - The basic earnings per share for Q3 2023 was CNY 0.50, an increase of 4.17% year-on-year[5]. - The weighted average return on equity for Q3 2023 was 3.67%, a decrease of 0.29 percentage points year-on-year[5]. - Total operating revenue for the first nine months of 2023 reached RMB 89.39 billion, a decrease from RMB 97.33 billion in the same period of 2022, representing a decline of approximately 8.7%[16]. - Net profit for the first nine months of 2023 was RMB 7.76 billion, compared to RMB 4.87 billion in the same period of 2022, reflecting an increase of about 59.1%[16]. - Basic and diluted earnings per share for the first nine months of 2023 were both RMB 1.65, up from RMB 1.44 in the same period of 2022, indicating a growth of approximately 14.6%[16]. - Operating profit for the first nine months of 2023 was RMB 8.52 billion, compared to RMB 5.19 billion in the same period of 2022, representing an increase of about 64.5%[16]. - Total comprehensive income for Q3 2023 was RMB 2,364,542 thousand, compared to RMB 2,110,262 thousand in Q3 2022, reflecting a growth of 12.0%[17]. Cash Flow and Financial Position - The net cash flow from operating activities for Q3 2023 was CNY 2,836,118, a significant increase of 1,169.63% year-on-year[5]. - The net cash flow from operating activities for the first nine months of 2023 was CNY 9,262,015, an increase of 148.78% compared to 3,723,015 in the same period of 2022[10]. - The cash inflow from financing activities totaled CNY 207,545,710, an increase from CNY 105,949,494 in the previous year, marking a rise of 96.0%[18]. - The net cash flow from financing activities was CNY 4,217,404, compared to CNY 119,102 in the same period of 2022, showing a substantial increase[18]. - The total cash and cash equivalents at the end of the period reached CNY 56,500,097, up from CNY 36,299,311 at the end of the same period last year, reflecting a growth of 55.7%[18]. Assets and Liabilities - Total assets as of September 30, 2023, were CNY 189,057,761, representing a 4.48% increase from the end of 2022[5]. - Total liabilities amounted to RMB 122,262,312 thousand, up from RMB 111,593,797 thousand at the end of 2022, reflecting a rise of approximately 9.0%[15]. - The company's total equity reached RMB 66,795,449 thousand, up from RMB 57,955,158 thousand at the end of 2022, representing an increase of approximately 15.7%[15]. - Current assets totaled RMB 147,766,170 thousand, compared to RMB 129,329,273 thousand at the end of 2022, indicating an increase of about 14.3%[14]. - Long-term borrowings increased to RMB 39,924,091 thousand from RMB 34,665,650 thousand at the end of 2022, reflecting a growth of about 15.0%[15]. Research and Development - Research and development expenses amounted to RMB 19.06 billion, significantly increasing from RMB 5.77 billion in the previous year, marking a growth of approximately 230%[16]. - Research and development expenses increased to RMB 6,269,730 thousand, up 5.2% from RMB 5,956,480 thousand in the same period last year[17]. Other Financial Metrics - The company reported a 66.61% increase in derivative financial assets, reaching CNY 220,132 as of September 30, 2023[9]. - The company recorded an asset impairment loss of (816,540), which is an increase of 88.80% from (432,481) in the previous year[10]. - The fair value change loss was (178,657), a significant improvement of 84.05% compared to (1,120,320) in the same period of 2022[10]. - The company incurred financial expenses of RMB 887.3 million, a slight increase from RMB 854.3 million in the previous year[16]. - The company’s investment income was reported at a loss of RMB 789.4 million, compared to a loss of RMB 809.6 million in the same period of 2022[16]. Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[16]. - The company plans to continue investing in new technologies and market expansion strategies to drive future growth[17].