HQTI(688281)2024-10-24 08:48Financial Performance - The company's operating revenue for Q3 2024 was ¥252,621,807.06, representing a year-on-year increase of 14.77%[2] - The net profit attributable to shareholders for Q3 2024 was ¥93,857,357.16, reflecting an increase of 8.01% compared to the same period last year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥89,013,059.53, up by 6.59% year-on-year[2] - The basic and diluted earnings per share for Q3 2024 were both ¥0.48, an increase of 6.67% compared to the same period last year[2] - The company's operating profit for the third quarter was CNY 330,546,624.83, compared to CNY 295,850,280.61 in the previous year, representing an increase of 11.7%[20] - The net profit attributable to shareholders of the parent company for the third quarter was CNY 309,465,965.60, up from CNY 270,493,039.83 in the previous year, reflecting a growth of 14.4%[21] - Net profit for the first three quarters of 2024 was ¥335,656,475.01, up 19.5% from ¥280,821,973.34 in the first three quarters of 2023[29] Assets and Liabilities - The total assets at the end of the reporting period reached ¥5,679,646,945.15, marking a 10.04% increase from the end of the previous year[3] - The total current assets amounted to approximately CNY 3.94 billion, slightly down from CNY 4.01 billion, indicating a decrease of about 1.54%[16] - The total liabilities increased to approximately CNY 3.94 billion, compared to CNY 3.01 billion at the end of 2023, indicating a rise of about 30.95%[16] - The total liabilities increased to CNY 1,109,904,964.84, compared to CNY 852,603,005.53 in the previous year, marking a rise of 30.2%[18] - The company's total assets reached CNY 5,679,646,945.15, up from CNY 5,161,666,808.22, indicating a growth of 10.0%[18] - The company's total equity increased to ¥4,479,803,072.71, up from ¥4,191,429,265.84, reflecting a growth in shareholder value[30] Cash Flow - The cash flow from operating activities for the year-to-date was ¥156,583,400.55[2] - The net cash flow from operating activities for the first three quarters of 2024 was CNY 156,583,400.55, compared to a negative cash flow of CNY -72,880,173.26 in the same period of 2023, indicating a turnaround in operational performance[23] - The net cash flow from operating activities was ¥216,564,083.16, a significant improvement from a negative cash flow of -¥46,713,448.65 in the same period last year[31] - The company reported cash inflows from investment activities of CNY 9,592,519,433.51 in the first three quarters of 2024, up from CNY 6,916,788,413.49 in 2023, marking an increase of approximately 38.4%[23] - The company's cash and cash equivalents decreased to approximately CNY 693.86 million from CNY 1.09 billion, representing a decline of about 36.06%[15] - The cash and cash equivalents at the end of the period were ¥633,415,075.08, down from ¥797,930,617.99 at the end of the previous year[32] Research and Development - The company's R&D investment totaled ¥24,890,423.53 in Q3 2024, accounting for 9.85% of operating revenue, a decrease of 1.38 percentage points year-on-year[3] - Research and development expenses for the first three quarters were CNY 57,910,827.15, slightly higher than CNY 57,648,604.29 in the same period last year[19] - Research and development expenses for the first three quarters of 2024 were ¥43,068,901.07, slightly lower than ¥46,375,587.27 in the same period of 2023[28] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 5,463, with the largest shareholder holding 22.57% of the shares[10] - There were no significant changes in the top 10 shareholders due to the transfer of shares during the reporting period[14] Operational Metrics - The company experienced a significant increase in prepayments, which rose by 457.03% at the end of the reporting period[7] - Other receivables at the end of the reporting period amounted to 102.19 million, mainly due to an increase in related deposits and guarantees[8] - Inventory at the end of the reporting period was 94.03 million, primarily due to an increase in the cost of goods sold and contract performance[8] - Contract assets at the end of the reporting period decreased by 43.65 million, mainly due to a reduction in warranty deposits[8] - Short-term borrowings at the end of the reporting period decreased by 97.63 million, primarily due to changes in bill discounting[8] - Contract liabilities at the end of the reporting period increased by 115.03 million, mainly due to an increase in advance payments under sales contracts[8] - Operating costs from the beginning of the year to the end of the reporting period were 35.16 million, mainly due to significant costs incurred by subsidiaries still under construction[9] - Sales expenses from the beginning of the year to the end of the reporting period were 31.48 million, primarily due to increased expenses from the expansion of subsidiaries[9] - Other income from the beginning of the year to the end of the reporting period was 97.47 million, mainly due to an increase in government subsidies compared to the same period last year[9]