712 Corp.(603712)2023-10-27 16:00Revenue and Profit - Revenue for Q3 2023 increased by 5.21% year-over-year to RMB 885.33 million[3] - Net profit attributable to shareholders rose by 3.90% year-over-year to RMB 99.80 million[3] - Basic earnings per share increased by 8.33% year-over-year to RMB 0.13[4] - Total operating revenue for the first three quarters of 2023 reached 2,265,675,067.28 yuan, a slight increase from 2,213,163,224.21 yuan in the same period last year[18] - Net profit for the first three quarters of 2023 was 322,156,476.35 yuan, up from 303,281,518.48 yuan in the same period last year[19] - Basic earnings per share for the first three quarters of 2023 were 0.40 yuan, compared to 0.39 yuan in 2022[20] Assets and Liabilities - Total assets decreased by 1.22% compared to the end of the previous year to RMB 9.70 billion[4] - The company's total assets as of September 30, 2023, amounted to RMB 9,703,242,031.38, a slight decrease from RMB 9,823,345,241.62 at the end of 2022[17] - Current assets totaled RMB 8,588,013,707.81, down from RMB 8,777,797,131.57 at the end of 2022, with a significant decrease in monetary funds from RMB 894,018,661.82 to RMB 409,508,983.57[13][15] - Non-current assets increased to RMB 1,115,228,323.57 from RMB 1,045,548,110.05, with notable growth in fixed assets from RMB 613,829,111.72 to RMB 676,920,146.79[15] - Total liabilities decreased to RMB 5,084,483,167.66 from RMB 5,448,865,772.40, with a reduction in short-term borrowings from RMB 366,221,472.22 to RMB 200,111,500.00[15][16] - Shareholders' equity increased by 5.30% compared to the end of the previous year to RMB 4.54 billion[4] - Shareholders' equity increased to RMB 4,618,758,863.72 from RMB 4,374,479,469.22, driven by an increase in retained earnings from RMB 2,343,371,320.82 to RMB 2,563,887,238.57[17] Cash Flow - Operating cash flow for the first nine months of 2023 was RMB 540.49 million, showing an increase compared to the same period last year[7] - Cash received from sales of goods and services in the first three quarters of 2023 increased to 1,479,669,741.27 yuan from 1,084,924,364.82 yuan in 2022[21] - Net cash flow from operating activities for the first three quarters of 2023 was -540,487,185.15 yuan, an improvement from -804,781,388.45 yuan in 2022[23] - Cash inflows from investment activities in the first three quarters of 2023 were 644,813,548.49 yuan, down from 1,012,091,617.94 yuan in 2022[23] - Cash outflows from investment activities in the first three quarters of 2023 were 448,566,027.17 yuan, compared to 811,141,957.14 yuan in 2022[23] - The company received 640,000,000.00 yuan from other investment-related activities in the first three quarters of 2023, down from 1,000,000,000.00 yuan in 2022[23] - Net cash flow from investing activities was RMB 196.25 million, compared to RMB 200.95 million in the previous period[24] - Net cash flow from financing activities was RMB -124.50 million, a significant decrease from RMB 408.73 million in the previous period[24] - Cash inflows from financing activities totaled RMB 356.33 million, down from RMB 916.79 million in the previous period[24] - Cash outflows from financing activities amounted to RMB 480.83 million, slightly lower than RMB 508.07 million in the previous period[24] - The company received RMB 350.00 million from borrowings, compared to RMB 916.00 million in the previous period[24] - The company repaid RMB 366.00 million in debt, down from RMB 410.00 million in the previous period[24] - The net increase in cash and cash equivalents was RMB -468.66 million, compared to RMB -194.84 million in the previous period[24] - The ending balance of cash and cash equivalents was RMB 397.22 million, up from RMB 183.40 million in the previous period[24] Shareholders and Equity - The largest shareholder, Tianjin Zhibo Intelligent Technology Development Co., Ltd., holds 47.95% of the shares[8] - TCL Technology Group Corporation is the second-largest shareholder with a 3.00% stake[9] - The number of ordinary shareholders at the end of the reporting period was 23,610[8] - The company's largest shareholder, Tianjin Zhibo Intelligent Technology Development Co., Ltd., holds 370,167,500 unrestricted shares, representing a significant portion of the total shares[10] - TCL Technology Group Corporation holds 23,160,000 shares, making it one of the major shareholders[10] Operating Costs and Expenses - Operating costs for the first three quarters of 2023 were 1,966,813,042.41 yuan, compared to 1,943,370,214.43 yuan in 2022[18] - R&D expenses for the first three quarters of 2023 decreased to 487,559,329.88 yuan from 537,517,085.63 yuan in 2022[18] Accounts Receivable and Inventory - Accounts receivable increased to RMB 3,694,505,300.52 from RMB 2,758,441,590.71, indicating a growth in receivables[13] - Inventory decreased to RMB 3,273,533,422.05 from RMB 3,454,626,322.22, reflecting a reduction in stock levels[15] Government Subsidies and Non-Recurring Gains - Government subsidies contributed RMB 1.60 million to non-recurring gains in Q3 2023[6] Financial Statements and Accounting - The company's financial statements are unaudited as of September 30, 2023[13] - The company did not apply new accounting standards or interpretations in 2023[25]