HFCC(002806)2024-10-29 11:02Financial Performance - The company's operating revenue for Q3 2024 reached ¥260,448,275.13, representing a 43.29% increase year-over-year[2] - Net profit attributable to shareholders was ¥2,918,004.47, up 113.13% compared to the same period last year[2] - The net profit after deducting non-recurring gains and losses was ¥440,169.34, reflecting a 101.86% increase year-over-year[2] - The total operating revenue for the third quarter of 2024 was CNY 726,236,408.92, an increase of 39.3% compared to CNY 521,403,685.22 in the same period last year[12] - The company reported a net loss of CNY 307,939,689.37, an improvement from a loss of CNY 313,193,888.95 in the previous year[12] - The net profit for Q3 2024 was CNY 4,441,545.83, a significant improvement compared to a net loss of CNY 50,090,746.48 in the same period last year[13] - Total operating profit reached CNY 9,472,371.44, contrasting with an operating loss of CNY 51,586,050.84 in Q3 2023[13] - Basic earnings per share for Q3 2024 were CNY 0.0276, recovering from a loss of CNY 0.2705 per share in Q3 2023[14] - The total comprehensive income attributable to the parent company's owners was CNY 5,253,546.23, compared to a loss of CNY 51,159,511.54 in the previous year[14] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥1,950,305,522.77, a 13.40% increase from the end of the previous year[2] - The company's total assets reached CNY 1,950,305,522.77, compared to CNY 1,719,828,499.07 in the previous year, indicating a growth of 13.4%[12] - The company's total liabilities were CNY 1,074,327,110.01, compared to CNY 847,586,372.13, marking an increase of 27.0%[12] - Current assets totaled CNY 1,028,776,592.57, which is a significant increase of 36.0% from CNY 755,691,373.02 year-over-year[12] - Inventory increased to CNY 291,570,343.57, up 39.2% from CNY 209,319,086.21 in the previous year[12] Cash Flow - Cash flow from operating activities showed a net increase of ¥29,238,651.77, a significant rise of 600.29% compared to the previous year[4] - The cash flow from operating activities was CNY 296,371,887.15, an increase from CNY 228,019,723.42 in the previous year[15] - Operating cash inflow for Q3 2024 was CNY 314,889,911.66, an increase from CNY 253,749,704.27 in Q3 2023, representing a growth of approximately 24%[16] - Net cash flow from operating activities reached CNY 29,238,651.77, a significant recovery from a negative cash flow of CNY -5,844,346.98 in the same quarter last year[16] - The company reported a total cash outflow from operating activities of CNY 285,651,259.89, compared to CNY 259,594,051.25 in Q3 2023, indicating increased operational expenses[16] Shareholder Information - The total number of common shareholders at the end of the reporting period is 27,371, with the largest shareholder, Tan Guoying, holding 22.51% of the shares[7] - The top ten shareholders include state-owned entities and individuals, with the second-largest shareholder holding 5.13% of the shares[7] - The total number of preferred shareholders is not applicable, indicating no preferred shares were issued[8] - There are no reported changes in the status of pledged, marked, or frozen shares among the top shareholders[7] Business Segments - The company's revenue from the electrode foil business increased by approximately 35% year-over-year due to rising demand in the electronic components industry[5] - Revenue from the new energy vehicle segment grew by approximately 40% year-over-year, driven by significant order increases from major clients[6] Research and Development - Research and development expenses increased to CNY 39,441,033.75, compared to CNY 38,514,074.10 in the prior year[13] Other Information - The company adjusted the conversion price of "Hua Feng Convertible Bonds" from ¥9.13 to ¥8.70, effective from July 10, 2024[8] - The company signed a land recovery agreement with the Zhaoqing City Land Reserve Center for land storage, which was approved in the third extraordinary general meeting of shareholders[9] - The company has not reported any changes in the participation of major shareholders in margin trading activities[8] - The company has not disclosed any significant new product developments or technological advancements in the recent reports[8] - The company did not undergo an audit for the Q3 report, which may affect investor confidence in the reported figures[17]