HXGF(603115)2023-10-26 16:00Financial Performance - The company's revenue for Q3 2023 was ¥454,334,511.27, representing a year-on-year increase of 21.19%[5] - The net profit attributable to shareholders for Q3 2023 was ¥34,168,628.68, a decrease of 37.69% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2023 was ¥30,266,779.54, down 16.95% year-on-year[5] - The basic and diluted earnings per share for Q3 2023 were both ¥0.14, reflecting a decline of 39.13% compared to the previous year[6] - Net profit for the third quarter of 2023 was ¥71,722,080.36, a decrease of 61.6% compared to ¥187,064,000.51 in the same quarter of 2022[20] - Earnings per share (EPS) for the third quarter was ¥0.30, down from ¥0.78 in the same period last year[21] Cash Flow and Investments - The net cash flow from operating activities for the year-to-date period was ¥70,791,020.03, a decrease of 63.29% compared to the same period last year[6] - Cash flow from operating activities for the first three quarters was ¥70,791,020.03, a decline of 63.3% from ¥192,849,670.16 in the previous year[24] - The company reported a net cash inflow from investment activities of ¥1,013,404,887.58 for the first three quarters, down from ¥1,461,458,578.09 in the previous year[24] - The net cash flow from investing activities was -124.81 million in the previous year[25] - The total cash outflow from investing activities amounted to 1.34 billion year-over-year[25] - The net cash flow from financing activities was -212.92 million in the same period last year[25] - Cash and cash equivalents at the end of the period totaled 528.53 million at the end of the previous year[25] - The net increase in cash and cash equivalents was -122.02 million in the prior year[25] Assets and Liabilities - Total assets at the end of Q3 2023 were ¥2,340,323,122.08, down 3.28% from the end of the previous year[6] - Current assets totaled CNY 1,634,985,353.21, down from CNY 1,776,731,774.40, indicating a decrease of about 7.96%[16] - Cash and cash equivalents were CNY 475,677,814.31, compared to CNY 681,445,461.98 at the end of 2022, representing a significant decline of approximately 30.19%[15] - Total liabilities stood at CNY 409,957,198.72, up from CNY 389,631,747.73, reflecting an increase of approximately 5.67%[17] - The total equity as of September 30, 2023, was CNY 1,930,365,923.36, slightly up from CNY 1,930,120,254.87, indicating a marginal increase of approximately 0.01%[17] Market Conditions and Company Strategy - The decline in net profit is primarily attributed to weak downstream market demand and falling product sales prices[10] - The company plans to focus on improving operational efficiency and exploring new market opportunities to counteract the current challenges[10] - The company has not disclosed any new product developments or market expansion strategies in this quarter's report[14] - There were no significant mergers or acquisitions reported during this period, maintaining a focus on internal growth and operational efficiency[14] Operating Costs and Revenue - Total operating revenue for the first three quarters of 2023 reached ¥1,352,705,797.78, an increase of 2.9% compared to ¥1,317,803,996.84 in the same period of 2022[19] - Total operating costs increased to ¥1,284,086,844.58, up 12.5% from ¥1,141,699,397.48 year-over-year[19]