HULUWA(605199)2024-10-29 10:05Financial Performance - The company's operating revenue for Q3 2024 was ¥347,069,481.10, a decrease of 4.65% compared to the same period last year[2]. - The net profit attributable to shareholders for Q3 2024 was ¥5,133,834.91, representing a significant decline of 68.19% year-on-year[2]. - Basic and diluted earnings per share for Q3 2024 were both ¥0.01, down 75.00% from the previous year[3]. - The decline in net profit was primarily due to a year-on-year decrease in revenue[6]. - Total operating revenue for the first three quarters of 2024 was CNY 1,193,783,587.13, a decrease of 6.58% compared to CNY 1,277,972,413.57 in the same period of 2023[14]. - Net profit for the first three quarters of 2024 was CNY 88,130,912.31, an increase of 6.36% compared to CNY 82,814,357.88 in the same period of 2023[17]. - Earnings per share for the first three quarters of 2024 were CNY 0.21, up from CNY 0.19 in the same period of 2023[18]. Cash Flow - The net cash flow from operating activities for Q3 2024 was -¥53,787,151.63, indicating a negative cash flow situation[2]. - The company experienced a decrease in cash flow due to reduced payments for raw materials and operating expenses[7]. - The cash inflow from operating activities for the first three quarters of 2024 was CNY 1,053,026,421.50, an increase from CNY 1,006,780,950.69 in the same period of 2023, representing a growth of approximately 4.6%[19]. - The net cash flow from operating activities was -CNY 204,905,985.53, an improvement compared to -CNY 254,961,328.01 in the previous year[19]. - The cash outflow from investment activities totaled CNY 144,747,610.13, significantly lower than CNY 440,520,000.18 in the same period last year, indicating a reduction of about 67.2%[21]. - The net cash flow from investment activities was -CNY 131,057,751.12, compared to -CNY 440,485,110.18 in the previous year, showing a notable improvement[21]. - Cash inflow from financing activities was CNY 455,677,021.81, down from CNY 944,878,260.44 in the same period last year, a decrease of approximately 51.8%[21]. - The net cash flow from financing activities was -CNY 49,139,249.04, contrasting with a positive net flow of CNY 409,503,934.68 in the previous year[21]. - The ending balance of cash and cash equivalents was CNY 135,834,728.73, down from CNY 177,898,863.04 at the end of the same period last year[21]. - The company received CNY 2,308,531.23 in tax refunds, a decrease from CNY 9,072,031.65 in the previous year, reflecting a decline of approximately 74.6%[19]. - The total cash outflow from operating activities was CNY 1,257,932,407.03, slightly lower than CNY 1,261,742,278.70 in the same period last year[19]. Assets and Liabilities - Total assets at the end of Q3 2024 were ¥3,108,417,657.25, an increase of 1.56% from the end of the previous year[3]. - The equity attributable to shareholders increased by 3.04% to ¥1,154,497,198.11 compared to the end of the previous year[3]. - The total liabilities as of the reporting date were CNY 1,911,927,143.05, slightly up from CNY 1,901,175,403.43 in the previous period[13]. - Current liabilities totaled RMB 1.22 billion, up from RMB 1.08 billion, indicating an increase of about 12.9%[12]. - Deferred income increased to CNY 92,755,292.35 from CNY 76,229,815.83, marking an increase of 21.73%[13]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 32,092[8]. - The largest shareholder, Hainan Huluwa Investment Development Co., Ltd., holds 167,079,000 shares, accounting for 41.76% of the total shares[9]. - The company has not reported any changes in the participation of major shareholders in margin trading or securities lending activities[10]. - The company has not identified any significant related party transactions among its top shareholders[9]. Expenses - Total operating costs for the first three quarters of 2024 were CNY 1,132,970,634.19, down from CNY 1,181,635,370.90 in 2023, reflecting a reduction of 4.13%[16]. - Research and development expenses for the first three quarters of 2024 amounted to CNY 56,891,658.42, compared to CNY 50,335,642.74 in 2023, indicating an increase of 13.06%[16]. - The company reported a decrease in sales expenses to CNY 420,817,829.69 from CNY 416,136,049.69 in the previous year, reflecting a marginal increase of 0.65%[16]. - The company’s financial expenses increased to CNY 20,186,975.29 from CNY 14,643,938.82, representing an increase of 37.66%[16]. Other Financial Activities - The company reported a non-recurring gain of ¥5,551,413.35 for the current period, with government subsidies contributing ¥6,670,837.88[5]. - The company disposed of subsidiaries and other business units, receiving CNY 13,676,395.01 in cash, which is a new revenue stream for the company[21]. - The company reported a significant increase in prepayments, which rose to RMB 56.65 million from RMB 25.52 million, a growth of approximately 122.2%[11]. - Accounts receivable increased to RMB 656.92 million, up from RMB 540.60 million, representing a growth of approximately 21.5%[11]. - Inventory rose to RMB 364.65 million, compared to RMB 265.56 million, marking an increase of about 37.3%[11].