Career International(SZ:300662)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was CNY 2,416,141,033.21, a slight increase of 0.20% compared to CNY 2,411,242,083.30 in the same period last year[5]. - Net profit attributable to shareholders for Q3 2023 decreased by 36.99% to CNY 54,387,950.54 from CNY 86,049,058.78 year-on-year[5]. - The basic earnings per share for Q3 2023 was CNY 0.2764, down 37.34% from CNY 0.4394 in the same period last year[5]. - The company reported a decrease of 40.05% in net profit excluding non-recurring gains and losses for the year-to-date period[5]. - The company achieved a total revenue of RMB 717,044.07 million in the first three quarters, representing a year-on-year growth of 5.17%[22]. - The net profit attributable to shareholders for the same period was RMB 15,190.74 million, a decrease of 30.25% compared to the previous year[22]. - In Q3, the net profit attributable to shareholders was RMB 5,438.80 million, down 36.99% year-on-year[22]. - The company reported a total comprehensive income of CNY 187,036,222.84 for Q3 2023, down from CNY 274,835,159.88 in the same period last year, indicating a decrease of 32.00%[34]. Assets and Liabilities - The total assets at the end of Q3 2023 were CNY 3,502,192,126.19, representing a decrease of 6.58% from CNY 3,748,409,462.05 at the end of the previous year[5]. - The total liabilities as of Q3 2023 were CNY 1,672,827,341.92, compared to CNY 1,297,800,014.19 at the end of the previous year, representing a growth of 29.00%[33]. - The company's total equity attributable to shareholders decreased by 21.73% to CNY 1,771,432,041.02 from CNY 2,263,228,092.07 year-on-year[5]. - Cash and cash equivalents decreased from RMB 1,122,999,034.16 at the beginning of the year to RMB 760,516,000.04 by September 30, 2023[29]. - Accounts receivable increased from RMB 1,809,946,404.57 to RMB 1,928,263,457.00 during the same period[29]. - Total assets decreased from RMB 3,748,848,671.36 to RMB 3,502,192,126.19[29]. Cash Flow - The net cash flow from operating activities for the year-to-date period increased by 25.90% to CNY 100,422,900 from CNY 79,764,640 in the same period last year[5]. - Cash flow from operating activities was CNY 7,677,675,626.19, compared to CNY 7,245,801,712.87 in the same period last year, showing an increase of 5.93%[35]. - The net cash flow from operating activities for Q3 2023 was ¥100,422,971.80, an increase from ¥79,764,647.04 in Q3 2022, representing a growth of approximately 25.5%[36]. - Cash inflow from financing activities totaled ¥3,029,552,687.82, compared to ¥1,892,949,320.77 in Q3 2022, marking an increase of about 60.1%[37]. - The net cash flow from financing activities was ¥334,712,507.36, a significant improvement from -¥50,443,608.84 in the previous year[37]. - The net cash flow from investing activities was -¥772,283,174.43, worsening from -¥166,137,572.62 year-over-year[36]. Operational Highlights - Operating revenue for the first nine months of 2023 increased by 5.17% to ¥7,170,440,699.50, driven by business growth[11]. - Operating costs rose by 7.77% to ¥6,613,374,310.97, primarily due to increased employee compensation and related expenses[11]. - Investment income surged by 954.50% to ¥8,250,971.58, attributed to gains from forward foreign exchange products[11]. - The flexible employment business increased by 9.64% year-on-year, contributing to overall revenue growth[22]. - The company successfully recommended 11,163 mid-to-senior management and professional technical positions to domestic and international clients during the reporting period[23]. - The number of clients served reached 5,259, with 24% being foreign/joint ventures and 64% private enterprises[23]. - The company’s technology services generated revenue of RMB 3,380.79 million, reflecting a year-on-year growth of 21.55%[24]. - The number of clients reached through various platforms exceeded 33,600, marking a 52.73% increase year-on-year[24]. Investments and Expenditures - Development expenditures increased by 153.87% to ¥21,458,406.61, reflecting ongoing investments in digital transformation[10]. - The company’s long-term borrowings amounted to ¥386,730,000.00, primarily for acquiring minority interests[10]. - The company’s technology investment for the year amounted to RMB 14,586.60 million, a 27.27% increase from RMB 11,461 million in the previous year[24]. Changes in Accounting Policies - The company has implemented changes in accounting policies effective January 1, 2023, impacting the recognition of deferred tax assets and liabilities[6]. - The company has adopted new accounting standards effective January 1, 2023, which may impact future financial reporting[38].