Hite Control(002184)2023-10-27 16:00Revenue and Profit Growth - Revenue for the current reporting period increased by 41.65% to 933,378,765.27 yuan[3] - Net profit attributable to shareholders increased by 16.28% to 33,540,051.37 yuan[3] - Revenue increased by 45.80% to 2,454,362,734.28 RMB, driven by growth in the new energy business[10] - Total operating revenue for the current period reached 2,454,362,734.28 yuan, a significant increase from 1,683,421,687.80 yuan in the same period last year[21] - Net profit attributable to the parent company's shareholders was 100,600,561.00 yuan, compared to 76,886,686.71 yuan in the previous year[22] - Basic earnings per share increased to 0.2859 yuan from 0.2185 yuan in the previous year[22] - Total comprehensive income for the period was 160,590,897.74 yuan, up from 122,493,899.67 yuan in the same period last year[22] Asset and Liability Changes - Total assets increased by 37.87% to 4,314,719,037.43 yuan[3] - Total assets increased to 4,314,719,037.43 yuan as of September 30, 2023, compared to 3,129,579,192.55 yuan at the beginning of the year[18] - Current assets rose to 3,569,979,287.19 yuan from 2,458,241,046.61 yuan at the start of 2023[18] - Total liabilities increased to 2,599,294,784.88 yuan from 1,579,720,000.74 yuan in the previous period[19] - Total equity attributable to the parent company's shareholders was 1,362,384,331.21 yuan, compared to 1,288,306,168.00 yuan in the previous period[19] Cash Flow and Liquidity - Cash flow from operating activities increased by 49.84% to 64,049,704.84 yuan[3] - Net cash flow from operating activities grew by 49.84% to 64,049,704.84 RMB, mainly due to higher cash receipts from sales and services[11] - Sales of goods and services received cash of 2,409,588,081.02 yuan, an increase from 1,868,926,937.11 yuan in the previous period[23] - Net cash flow from operating activities was 64,049,704.84 yuan, up from 42,746,419.68 yuan in the previous period[23] - Net cash flow from investing activities was -31,698,170.39 yuan, an improvement from -39,221,532.42 yuan in the previous period[23] - Net cash flow from financing activities was -69,655,485.99 yuan, compared to -44,688,344.03 yuan in the previous period[24] - Cash and cash equivalents at the end of the period were 396,906,324.06 yuan, down from 434,021,609.40 yuan at the beginning of the period[24] - The company received 40,165,000.00 yuan from minority shareholders of subsidiaries, compared to 0.00 yuan in the previous period[24] - The company received 260,000,000.00 yuan from borrowings, up from 247,927,442.41 yuan in the previous period[24] - The company repaid 270,050,000.00 yuan of debt, compared to 191,000,000.00 yuan in the previous period[24] - The company paid 41,267,154.52 yuan in dividends, profits, or interest, down from 75,783,403.93 yuan in the previous period[24] - The company's cash and cash equivalents decreased by 37,115,285.34 yuan, compared to a decrease of 40,704,458.11 yuan in the previous period[24] Inventory and Contract Assets - Inventory increased by 133.76% to 1,154,726,279.14 yuan due to increased raw material purchases and stockpiling for new energy business[9] - Inventory surged to 1,154,726,279.14 yuan, more than double the 493,984,221.06 yuan at the beginning of the year[18] - Contract assets increased by 88.77% to 138,619,905.01 yuan due to increased new energy business revenue[9] - Contract liabilities increased by 36.62% to 194,933,045.84 RMB, driven by higher advance payments for projects[10] Investment and Development - Development expenditure increased by 58.64% to 12,316,879.66 yuan due to increased R&D capitalization[9] - Development expenditure increased to 12,316,879.66 yuan from 7,763,845.83 yuan at the start of 2023[18] - Research and development expenses rose to 78,138,447.97 yuan, up from 60,951,383.37 yuan in the same period last year[21] - Investment income rose by 339.32% to 4,427,484.66 RMB, due to gains from the revaluation of equity in Haike before acquisition[11] - Minority interest income increased by 316.19% to 51,321,897.53 RMB, as subsidiary profits grew significantly[11] - Minority shareholders' comprehensive income rose significantly to 51,321,897.53 yuan from 12,331,259.01 yuan in the previous year[22] Borrowings and Liabilities - Short-term borrowings decreased by 75.84% to 67,708,537.16 RMB, as the company repaid credit loans[10] - Long-term borrowings reached 159,950,000.00 RMB, a 100% increase, due to new credit loans[10] - Short-term borrowings decreased to 67,708,537.16 yuan from 280,209,669.01 yuan in the previous period[19] - Provision for liabilities surged by 537.04% to 68,806,868.90 RMB, driven by higher warranty costs in the new energy business[10] Acquisitions and Equity - The company plans to acquire 75% equity of Shanghai Xingzhida Automation Technology Co., Ltd through share issuance and cash payment[15] - The company intends to issue shares to no more than 35 qualified specific investors to raise supporting funds[15] - Goodwill rose to 18,555,748.67 yuan from 7,012,909.85 yuan at the beginning of the year[18] - Deferred tax assets grew to 60,388,045.15 yuan from 41,686,812.83 yuan at the start of 2023[18] Accounts Receivable and Payable - Accounts receivable grew to 1,020,910,500.10 yuan from 868,048,622.64 yuan at the start of 2023[18] - Accounts payable surged by 151.41% to 1,237,536,379.21 RMB, reflecting increased procurement with the growth of new energy business[10] Construction and Equipment - Construction in progress increased by 1866.78% to 8,241,618.26 yuan due to increased equipment awaiting installation[9]