USISH(601231)2024-10-29 09:15Financial Performance - Operating revenue for Q3 2024 was CNY 1,662,109.72 thousand, a 2.65% increase compared to CNY 1,619,137.16 thousand in the same period last year[2] - Net profit attributable to shareholders was CNY 51,252.50 thousand, representing an 18.03% decrease from CNY 62,525.32 thousand year-over-year[2] - The net profit after deducting non-recurring gains and losses was CNY 45,258.07 thousand, down 22.07% from CNY 58,078.82 thousand in the previous year[2] - Basic earnings per share decreased by 20.69% to CNY 0.23 from CNY 0.29 in the same period last year[3] - The total revenue for the first three quarters of 2024 reached RMB 4,400,670.76 million, representing a year-on-year increase of 2.21% compared to RMB 4,305,700.58 million in the same period of 2023[11] - Net profit for the first three quarters of 2024 was CNY 1.30 billion, compared to CNY 1.39 billion in 2023, reflecting a decrease of 6.9%[16] - The total comprehensive income for Q3 2024 was CNY 1,144,053,163.57, compared to CNY 1,478,237,583.61 in Q3 2023, indicating a decrease of about 22.6%[17] Cash Flow and Assets - The net cash flow from operating activities for the year-to-date was CNY 199,851.16 thousand, a 51.73% decline compared to CNY 414,030.53 thousand in the previous year[3] - Cash flow from operating activities for the first nine months of 2024 was CNY 1,998,511,578.74, significantly lower than CNY 4,140,305,333.42 in the same period of 2023, a decrease of about 51.7%[18] - Cash and cash equivalents at the end of Q3 2024 amounted to CNY 10,726,237,135.91, compared to CNY 9,829,093,294.56 at the end of Q3 2023, showing an increase of approximately 9.1%[18] - The company's cash and cash equivalents stood at RMB 10,756,673,467.54, down from RMB 11,218,698,389.32 at the end of 2023[13] - The inventory level increased to RMB 9,475,394,862.19 from RMB 8,323,944,087.96, indicating a rise in stock levels[13] - The company reported a decrease in long-term fixed assets, which fell to RMB 4,441,672,747.01 from RMB 4,711,701,980.06[13] Revenue Breakdown - The revenue from cloud and storage products increased by 30.56% year-on-year, amounting to RMB 453,215.06 million, up from RMB 347,128.01 million[11] - The automotive electronics product revenue also saw a significant increase of 30.34%, reaching RMB 468,146.32 million compared to RMB 359,162.88 million in the previous year[11] - The revenue from consumer electronics products decreased by 4.29% year-on-year, totaling RMB 1,364,957.49 million compared to RMB 1,426,072.03 million[11] Liabilities and Equity - Total liabilities increased to CNY 23.09 billion in Q3 2024 from CNY 22.31 billion in Q3 2023, showing a growth of 3.5%[15] - The company's total equity rose to CNY 17.63 billion in Q3 2024 from CNY 17.09 billion in Q3 2023, an increase of 3.2%[15] - The company reported a significant increase in accounts payable, which rose to CNY 12.14 billion in Q3 2024 from CNY 10.57 billion in Q3 2023, a growth of 14.9%[15] Future Outlook - The company expects a sequential revenue decline of approximately 5% for Q4 2024, with operating profit margin anticipated to decrease by about 1 percentage point due to lower revenue and higher operating costs[12] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 39,023[7] - The company has not disclosed any significant changes in shareholder relationships or actions regarding financing and securities lending activities[9]