HSST(000707)2024-10-30 10:21Financial Performance - The company's revenue for Q3 2024 was ¥560,319,447.99, a decrease of 35.76% compared to the same period last year[2]. - Net profit attributable to shareholders was ¥21,264,177.91, down 86.48% year-on-year[2]. - The net profit after deducting non-recurring gains and losses was ¥18,306,501.39, reflecting an 87.93% decline compared to the previous year[2]. - The company experienced a decline in net profit for the year-to-date, totaling ¥328,800,784.76, down 27.80% year-on-year[6]. - Total operating revenue for Q3 2024 was CNY 2,217,979,065.57, a decrease of 22.2% compared to CNY 2,852,509,899.83 in the same period last year[14]. - Net profit attributable to shareholders of the parent company was CNY 328,800,784.76, compared to CNY 455,383,554.07 in the previous year, representing a decline of 28.0%[15]. - Total comprehensive income for the period was CNY 330,209,777.31, compared to CNY 455,383,554.07 in the previous year[15]. - Basic and diluted earnings per share were both CNY 0.7084, down from CNY 0.9811 in the same quarter last year[15]. Assets and Liabilities - Total assets increased to ¥3,818,267,229.30, representing a growth of 26.71% from the end of the previous year[2]. - As of September 30, 2024, the total assets amount to 3,818,267,229.30 RMB, an increase from 3,013,435,872.22 RMB at the beginning of the period[12]. - The total liabilities and owners' equity reached CNY 3,818,267,229.30, an increase from CNY 3,013,435,872.22[15]. - The total current liabilities amounted to CNY 582,374,743.07, a decrease from CNY 725,758,059.04[14]. - Non-current liabilities totaled CNY 868,156,723.98, up from CNY 187,979,825.25, indicating a significant increase[14]. - The company's total equity attributable to shareholders of the parent company was CNY 2,367,735,762.25, compared to CNY 2,099,697,987.93 last year, reflecting a growth of 12.8%[15]. Cash Flow - The company's cash flow from operating activities for the year-to-date was ¥264,654,831.58, down 14.96% year-on-year[2]. - The net cash flow from operating activities for the current period is ¥264,654,831.58, a decrease from ¥311,224,241.30 in the previous period, reflecting a decline of approximately 15%[17]. - Total cash inflow from investment activities is ¥2,826,540,896.82, significantly higher than ¥878,623,080.21 in the previous period, indicating an increase of over 220%[17]. - The net cash flow from investment activities is -¥465,729,903.65, worsening from -¥144,554,108.81 in the previous period[17]. - Cash and cash equivalents at the end of the period amount to ¥1,014,581,144.34, up from ¥507,547,463.13 in the previous period, representing an increase of approximately 99%[18]. - The total cash outflow from financing activities is ¥499,899,246.15, a decrease from ¥561,555,765.17 in the previous period, showing a reduction of about 11%[17]. - Cash inflow from financing activities is ¥911,990,000.00, compared to ¥219,655,000.00 in the previous period, marking an increase of over 314%[17]. Investments and Projects - The company reported a significant increase in construction in progress, rising by 2534.19% to ¥533,041,990.80 due to increased project investments[5]. - The company is currently in the process of raising up to 708.96 million RMB through a private placement to acquire 68.59% of Hongyi Chemical Technology Co., Ltd.[10]. - The company has completed the audit and evaluation of the acquisition target, and the project is currently under review by the Shenzhen Stock Exchange[10]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 44,052[8]. - The largest shareholder, Hubei Shuanghuan Chemical Group Co., Ltd., holds 25.11% of the shares, totaling 116,563,210 shares[8]. Research and Development - Research and development expenses decreased by 35.97% to ¥80,251,916.24, attributed to several projects being in the early research stages[6]. - Research and development expenses decreased to CNY 80,251,916.24 from CNY 125,330,211.80, a reduction of 36.0% year-over-year[14]. Operational Performance - The company reported a decrease in operating income primarily due to lower selling prices of its main products, soda ash and ammonium chloride[6]. - The company reported a cash inflow from sales and services of ¥1,646,352,740.58, down from ¥2,301,060,803.58 in the previous period, representing a decline of approximately 28%[16]. - The total operating costs amounted to CNY 1,912,427,502.88, down from CNY 2,395,935,363.05, reflecting a reduction of 20.2% year-over-year[14].