Intretech(002925)2023-10-27 16:00Financial Performance - Revenue for the reporting period was 1,116,557,285.84 yuan, a year-on-year increase of 3.20%[14] - Net profit attributable to shareholders of the listed company was 130,267,902.43 yuan, a year-on-year decrease of 32.46%[14] - Net profit for the period was 358,978,498.01 yuan, a decrease of 34.24% compared to the previous period's 545,894,718.35 yuan[39] - The company's total revenue for the third quarter of 2023 was RMB 2,960,254,637.89, a decrease from RMB 3,369,297,657.12 in the same period last year[61] - The company's net profit attributable to the parent company's owners for the third quarter of 2023 was RMB 327,910,158.79, down from RMB 551,426,300.45 in the same period last year[64] - The company's basic earnings per share for the third quarter of 2023 were RMB 0.43, compared to RMB 0.69 in the same period last year[64] - The company's total comprehensive income for the third quarter of 2023 was RMB 354,838,463.09, down from RMB 560,220,832.37 in the same period last year[64] Cash Flow and Liquidity - Cash flow from operating activities was 331,384,112.18 yuan, a year-on-year decrease of 58.02%[14] - Monetary funds decreased by 61.49% to 417,194,425.04 yuan, mainly due to a reduction in bank deposits[8] - The company's cash and cash equivalents at the end of the third quarter of 2023 were RMB 356,888,662.77, compared to RMB 422,654,171.17 at the end of the same period last year[68] - Sales revenue from goods and services received in cash was 2.92 billion yuan, a decrease from 3.76 billion yuan in the previous period[76] - Total cash inflows from operating activities were 3.09 billion yuan, down from 4.01 billion yuan in the previous period[76] - Total cash outflows from operating activities were 2.76 billion yuan, compared to 3.22 billion yuan in the previous period[77] - Net cash flow from operating activities was 331.38 million yuan, a significant decrease from 789.30 million yuan in the previous period[77] - Net cash flow from investing activities was 17.51 million yuan, an improvement from a negative 425.62 million yuan in the previous period[77] - Net cash flow from financing activities was negative 755.09 million yuan, an improvement from negative 1.15 billion yuan in the previous period[77] - Total cash and cash equivalents decreased by 404.86 million yuan, compared to a decrease of 731.68 million yuan in the previous period[77] - Cash received from investment returns was 74.31 million yuan, up from 37.46 million yuan in the previous period[77] - Cash paid for employee wages and benefits was 539.62 million yuan, slightly down from 554.48 million yuan in the previous period[77] - Cash paid for taxes and fees was 91.21 million yuan, down from 109.48 million yuan in the previous period[77] Assets and Liabilities - Total assets at the end of the reporting period were 7,479,609,985.15 yuan, a year-on-year decrease of 3.58%[14] - Total liabilities decreased from 2,297,890,286.92 yuan to 2,277,755,937.57 yuan, a reduction of approximately 0.88%[37] - Long-term borrowings increased significantly from 564,741,666.70 yuan to 760,400,000.00 yuan, a rise of 34.65%[37] - The company's total assets as of September 30, 2023, were RMB 7,479,609,985.15, compared to RMB 7,757,264,166.77 at the beginning of the year[60] - The company's total equity attributable to the parent company's owners as of September 30, 2023, was RMB 5,001,294,728.25, down from RMB 5,276,940,402.70 at the beginning of the year[61] Investments and Acquisitions - Investment income surged by 7673.55% to 32,051,634.95 yuan, mainly due to increased financial investment income and reduced losses from forward exchange contracts[19] - Construction in progress increased by 66.02% to 385,258,616.38 yuan, mainly due to the construction of Intretech's Hungary plant and Zhangzhou manufacturing base[8] - Goodwill increased by 33.36% to 300,621,875.99 yuan, mainly due to the acquisition of Shanghai Hengjing and Inov 3[8] - The company invested RMB 5 million in Dongguan Xinghui Hardware Technology Co., Ltd., increasing its stake to 19.6078%[29] - The company established Quqiudian (Shenzhen) Technology Co., Ltd. with a registered capital of RMB 10 million, holding 85% of the shares[31] - The company transferred 3,712,800 MYR in registered capital (2.8560% equity) of Malaysia Yingqu to ISHARE for 7,314,216 MYR and 2,787,200 MYR in registered capital (2.1440% equity) to Yingma Investment for 5,490,784 MYR, retaining 94.3814% ownership in Malaysia Yingqu[31] - The company plans to invest up to USD 50 million to establish a manufacturing base in Mexico to better serve North American customers in the automotive and consumer electronics industries[56] Share Repurchase and Equity Changes - The company repurchased 794,000 shares with a total transaction amount of RMB 13,622,100[26] - The company completed the repurchase and cancellation of 2,026,054 restricted shares due to unmet performance targets and employee departures, reducing the total share capital from 782,523,769 shares to 780,497,715 shares[28] - The company repurchased 794,000 shares, representing 0.1017% of the total shares, with a total transaction value of 13,622,100.00 yuan[53] Operating Costs and Expenses - Total operating costs for the third quarter of 2023 were RMB 2,582,578,369.72, down from RMB 2,771,064,047.35 in the previous year[61] - R&D expenses for the third quarter of 2023 amounted to RMB 266,276,017.25, a slight decrease from RMB 278,713,837.04 in the same period last year[61] - Prepaid expenses increased by 150.66% to 80,699,059.94 yuan, mainly due to an increase in prepaid purchases[8] Non-Recurring Items and Government Subsidies - Non-recurring gains and losses amounted to 49,377,726.24 yuan for the year-to-date, with government subsidies contributing 29,481,980.90 yuan[42]