QHHD(600243)2024-10-30 09:58Financial Performance - The company's operating revenue for Q3 2024 was ¥68,618,687.82, a decrease of 33.93% compared to the same period last year[2]. - The net profit attributable to shareholders was -¥3,782,932.91 for the quarter, with a year-to-date net profit of -¥17,618,221.81[2]. - The company has experienced a 31.74% decrease in operating revenue year-to-date, primarily due to a reduction in the scope of consolidation and a decline in orders[5]. - Total operating revenue for the first three quarters of 2024 was CNY 185,369,320.18, a decrease from CNY 271,558,834.11 in the same period of 2023, representing a decline of approximately 31.7%[14]. - Net profit for the first three quarters of 2024 was a loss of CNY 18,349,533.84, compared to a loss of CNY 30,792,515.21 in the same period of 2023, showing an improvement of approximately 40.4%[15]. - Total comprehensive loss for the first three quarters of 2024 was CNY 18,349,533.84, an improvement from a loss of CNY 30,792,515.21 in the same period of 2023, indicating a reduction of approximately 40.4%[16]. Assets and Liabilities - The total assets at the end of the reporting period were ¥936,869,418.07, reflecting a decrease of 13.70% from the previous year-end[3]. - As of September 30, 2024, the total assets of Qinghai Huading Industrial Co., Ltd. amounted to CNY 936,869,418.07, a decrease from CNY 1,085,609,680.02 at the end of 2023, representing a decline of approximately 13.7%[11]. - The company's current assets decreased to CNY 552,928,204.52 from CNY 688,351,917.20, reflecting a reduction of about 19.7%[11]. - Total liabilities decreased from CNY 356,539,676.90 to CNY 232,279,541.89, a decline of about 34.8%[12]. - The company's total equity decreased from CNY 729,070,003.12 to CNY 704,589,876.18, reflecting a decline of about 3.3%[13]. - The company reported an accumulated deficit of CNY -1,014,952,510.60 as of September 30, 2024, compared to CNY -997,334,288.79 at the end of 2023[13]. - The total liabilities to total assets ratio improved from approximately 32.9% to 24.8%[12]. Cash Flow - Cash and cash equivalents decreased by 50.15% year-to-date due to reduced receivables and increased debt repayments[5]. - Cash inflow from operating activities totaled CNY 192,117,663.67, significantly lower than CNY 374,105,848.85 in the previous year, reflecting a decrease of approximately 48.7%[17]. - Cash flow from operating activities showed a net outflow of CNY 55,584,810.03, an improvement from a net outflow of CNY 66,292,259.90 in the previous year[19]. - The net cash flow from financing activities was -61,095,143.43, compared to -5,973,798.44 in the previous period, indicating a significant decline[20]. - The total cash and cash equivalents at the end of the period were 125,766,205.49, down from 251,817,320.22 at the beginning of the period, reflecting a decrease of 49.9%[20]. - The net increase in cash and cash equivalents was -126,051,114.73, compared to -46,391,672.05 in the previous period, showing a worsening cash position[20]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 29,180[7]. - The largest shareholder, Li Songqiang, holds 38,000,000 shares, representing 8.66% of the total shares[7]. Operating Costs and Expenses - Total operating costs decreased to CNY 208,718,253.62 from CNY 309,365,580.27, a reduction of about 32.5% year-over-year[14]. - Research and development expenses were CNY 9,053,294.55 for the first three quarters of 2024, down from CNY 11,547,817.58 in 2023, indicating a decrease of about 21.6%[14]. - Cash outflow for purchasing goods and services was CNY 145,590,651.64, down from CNY 205,784,157.96 in the same period of 2023, a reduction of about 29.2%[19]. Income and Earnings - The total non-operating income for the quarter was ¥1,345,197.53, with government subsidies contributing ¥1,490,000.00[4]. - The company reported a basic and diluted earnings per share of -CNY 0.04 for the first three quarters of 2024, compared to -CNY 0.06 in the same period of 2023[16]. - The company achieved investment income of CNY 645,062.14 in the first three quarters of 2024, compared to no investment income reported in the same period of 2023[19]. Borrowings - The company reported a significant drop in short-term borrowings by 97.11% year-to-date, attributed to debt repayments[5]. - Short-term borrowings significantly reduced from CNY 103,664,411.81 to CNY 3,000,000.00, a decrease of approximately 97.1%[12]. - Cash and cash equivalents dropped significantly from CNY 252,276,646.80 to CNY 125,766,205.49, a decrease of approximately 50.1%[9].