Huizhong(300371)2024-10-17 10:11Financial Performance - The company's revenue for Q3 2024 was ¥122,544,245.29, representing a decrease of 4.60% compared to the same period last year[2]. - Net profit attributable to shareholders for Q3 2024 was ¥34,135,816.15, a slight decrease of 0.41% year-on-year[2]. - The net profit excluding non-recurring gains and losses for Q3 2024 was ¥30,649,570.00, down 8.38% from the previous year[2]. - Total operating revenue for the period was CNY 263,232,631.03, a decrease of 18.99% compared to CNY 324,938,420.76 in the previous period[17]. - Net profit for the period was CNY 54,234,006.29, representing a decline of 29.38% from CNY 76,802,819.87 in the same period last year[18]. - Earnings per share (EPS) for the period was CNY 0.2739, compared to CNY 0.3824 in the previous period, reflecting a decrease of 28.48%[18]. Cash Flow - The operating cash flow for the year-to-date period reached ¥18,655,888.14, a significant increase of 627.92% compared to the same period last year[2]. - The net cash flow from operating activities for Q3 2024 was ¥18,655,888.14, a turnaround from a negative cash flow of ¥3,533,845.30 in the same period last year[9]. - Cash flow from operating activities was CNY 287,106,797.49, a decrease from CNY 297,173,912.92 in the prior period[19]. - The company reported cash inflow from other operating activities of ¥7,200,913.26, a decrease from ¥22,699,679.50 year-over-year, representing a decline of approximately 68.3%[20]. - Cash paid for operating activities was ¥281,892,539.32, down from ¥334,388,543.53 in Q3 2023, indicating a reduction of about 15.7%[20]. Assets and Liabilities - Total assets at the end of Q3 2024 were ¥1,228,561,372.14, showing a marginal increase of 0.11% from the end of the previous year[2]. - Total liabilities decreased from ¥131,051,472.93 to ¥114,548,708.62, a reduction of about 12.5%[15]. - The company's equity attributable to shareholders increased to ¥1,108,549,067.46, up 1.63% from the previous year-end[2]. - The total equity attributable to shareholders of the parent company increased to CNY 1,108,549,067.46 from CNY 1,090,730,295.22, marking a growth of 1.73%[16]. - Total assets at the end of the reporting period amounted to ¥1,228,561,372.14, slightly up from ¥1,227,239,307.25[15]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 10,872, with the top 10 shareholders holding a combined 56.99% of shares[10]. - Zhang Lixin, the largest shareholder, holds 37.95% of shares, totaling 76,362,665 shares[10]. Expenses and Costs - Total operating costs amounted to CNY 218,665,259.26, down 13.00% from CNY 250,789,919.83 in the prior period[17]. - The company reported a decrease in sales expenses to CNY 39,494,760.46 from CNY 40,192,408.59, a reduction of 1.74%[17]. - Research and development expenses for the period were CNY 23,581,190.63, slightly down from CNY 24,501,198.80 in the previous period[17]. Investment Activities - The total cash inflow from investment activities was ¥211,656,850.69, up from ¥197,125,850.29 in the same period last year, indicating a growth of approximately 7.8%[20]. - The net cash flow from investment activities was -¥17,850,238.64, worsening from -¥10,392,132.01 year-over-year[20]. - The cash inflow from recovered investments was ¥210,000,000.00, an increase from ¥173,000,000.00 in the same quarter last year, reflecting a growth of about 21.4%[20]. Financial Changes - Financial expenses increased by 129.25% to ¥21,662.86, mainly due to reduced interest income and changes in exchange gains and losses[8]. - The company recorded a substantial increase in credit impairment losses, which rose by 500.09% to ¥7,057,286.24, primarily due to full provision for receivables[8]. - The company's cash and cash equivalents decreased from ¥73,595,963.48 to ¥33,124,396.18, a decline of approximately 55.0%[14]. - Accounts receivable increased from ¥296,042,585.91 to ¥333,730,961.47, representing an increase of about 12.8%[14]. - Inventory rose from ¥208,351,378.96 to ¥234,137,307.16, an increase of approximately 12.4%[14].