LCXX(000977)2024-10-30 10:38Financial Performance - Revenue for Q3 2024 reached ¥41,062,207,706.33, a 76.05% increase compared to the same period last year[3] - Net profit attributable to shareholders was ¥697,255,648.40, reflecting a 51.09% year-over-year growth[3] - The net profit excluding non-recurring gains and losses was ¥733,660,541.17, up 75.18% from the previous year[3] - Basic earnings per share increased by 69.06% to ¥0.4737[3] - Total operating revenue for the period reached ¥83,125,748,346.36, a significant increase from ¥48,256,015,730.22 in the previous period, representing a growth of approximately 72.4%[17] - Total operating costs amounted to ¥81,257,950,206.23, compared to ¥47,258,287,826.46 in the prior period, indicating a rise of about 72.0%[17] - The company reported a net profit margin improvement, with net income figures reflecting operational efficiency gains[17] - The net profit for Q3 2024 reached CNY 1,278,368,505.95, a significant increase from CNY 767,823,428.57 in Q3 2023, representing a growth of approximately 66.5%[18] - Basic and diluted earnings per share for Q3 2024 were both CNY 0.8792, up from CNY 0.4942 in Q3 2023, reflecting a growth of approximately 77.9%[19] - The total comprehensive income attributable to the parent company was CNY 1,148,726,870.61, compared to CNY 844,264,953.74 in the previous year, marking an increase of around 36%[19] - The company reported a total operating profit of CNY 1,293,628,050.28, compared to CNY 772,240,591.97 in Q3 2023, reflecting a growth of approximately 67.5%[18] Cash Flow and Assets - Operating cash flow showed a net outflow of ¥9,387,282,700.88, a decrease of 67.58% year-over-year[3] - The company's cash and cash equivalents decreased to ¥10,354,517,151.24 from ¥12,012,862,567.06, a decline of about 13.8%[15] - Cash and cash equivalents at the end of the period stood at CNY 10,311,540,319.33, a decrease from CNY 9,475,154,715.70 at the end of Q3 2023[21] - The total assets as of September 30, 2024, were ¥84,271,425,346.10, compared to ¥48,119,624,861.79 at the beginning of the period, showing a growth of about 75.1%[15] - Current assets totaled ¥79,440,765,910.46, significantly higher than ¥44,418,717,095.89 at the start of the period, marking an increase of approximately 78.9%[15] Liabilities and Shareholder Information - Total liabilities rose to ¥65,048,063,744.28, compared to ¥29,835,043,040.38 in the previous period, indicating an increase of about 118.5%[16] - Short-term borrowings surged by 313.96%, reflecting increased funding needs due to business growth[8] - Short-term borrowings surged to ¥8,492,915,793.35 from ¥2,051,618,888.91, reflecting an increase of approximately 314.5%[16] - The equity attributable to shareholders increased to ¥18,904,024,237.42 from ¥17,946,674,932.67, representing a growth of approximately 5.3%[16] - The total number of common shareholders at the end of the reporting period is 318,132, with the largest shareholder, Inspur Group Co., Ltd., holding 31.93% of shares, equating to 470,076,170 shares[10] - The second largest shareholder, Hong Kong Central Clearing Limited, holds 1.80% of shares, totaling 26,481,275 shares[10] - The top ten shareholders collectively hold significant stakes, with the third largest being Industrial and Commercial Bank of China, which holds 1.36% or 19,959,612 shares[10] - The report indicates that the company has not experienced any changes in the number of shares lent out through margin trading for the top ten shareholders[12] - The company has a total of 470,076,170 unrestricted shares held by Inspur Group Co., Ltd., which represents a significant portion of the total share capital[11] - The report highlights that the top ten shareholders have not participated in any margin trading activities during the reporting period[12] - The total number of shares held by the top ten unrestricted shareholders is 470,076,170, with no shares being pledged, marked, or frozen[11] - The report does not indicate any changes in the number of shares lent out through margin trading compared to the previous period[12] - The report confirms that there are no preferred shareholders or changes in preferred shareholder status during the reporting period[13] Credit and Financial Health - Credit impairment losses rose by 163.09% compared to the previous year, due to an increase in accounts receivable[9] - The company incurred a credit impairment loss of -CNY 633,824,101.31, compared to -CNY 240,918,938.99 in the same quarter last year, indicating a deterioration in credit quality[18] - Financial expenses decreased by 48.61% year-over-year, attributed to increased exchange gains[8] Research and Development - Research and development expenses for the current period were ¥2,287,685,287.45, up from ¥2,168,043,075.13, reflecting an increase of approximately 5.5%[17] Reporting and Future Outlook - The third quarter report of Inspur Electronic Information Industry Co., Ltd. for 2024 is unaudited[23] - The company will implement new accounting standards starting in 2024, affecting the financial statements from the beginning of the year[23] - The board of directors presented the third quarter report on October 30, 2024[23] - Specific financial performance metrics for the third quarter were not disclosed in the provided content[23] - There is no mention of user data or future outlook in the available information[23] - No details on new product or technology development were provided[23] - Market expansion and acquisition strategies were not discussed in the content[23] - Other new strategies were not highlighted in the report[23] - The report does not include any specific numerical data or percentages related to performance[23] - The company has not provided any audited financial results for the third quarter[23]