Hanvon(002362)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥351,702,591.98, representing a year-on-year increase of 5.64%[5]. - The net profit attributable to shareholders decreased to -¥37,994,490.73, a decline of 132.59% compared to the same period last year[5]. - The basic earnings per share for Q3 2023 was -¥0.1555, down 13.06% year-on-year[5]. - The net loss for Q3 2023 was ¥121,223,006.30, compared to a net loss of ¥60,794,825.01 in Q3 2022, indicating a worsening financial performance[43]. - The total comprehensive income for the third quarter was -126,059,674.07 CNY, compared to -60,768,131.36 CNY in the previous year, indicating a significant decline[44]. - The basic and diluted earnings per share were both -0.3676 CNY, down from -0.1853 CNY year-over-year[44]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,849,790,267.07, a decrease of 8.40% from the end of the previous year[5]. - Total assets decreased to ¥1,849,790,267.07 from ¥2,019,415,440.36 at the end of the previous period[41]. - Current liabilities totaled ¥415,933,307.65, slightly down from ¥419,362,113.37 in the previous year[41]. - The company's total liabilities amounted to ¥421,463,285.91, a decrease from ¥438,332,983.30 year-on-year[41]. - The equity attributable to shareholders of the parent company decreased to ¥1,298,955,470.00 from ¥1,391,456,385.42[41]. Cash Flow - Cash flow from operating activities showed a net outflow of -164,283,770.48 CNY, an improvement from -188,977,479.48 CNY in the same period last year[46]. - Cash inflow from investment activities was 435,659,593.39 CNY, down from 690,151,942.12 CNY year-over-year[46]. - The net cash flow from financing activities was -17,392,018.85 CNY, compared to a positive inflow of 29,158,282.64 CNY in the previous year[46]. - The ending balance of cash and cash equivalents was 237,694,134.47 CNY, compared to 178,587,351.20 CNY at the end of the previous year[46]. - The company received 939,011,483.04 CNY from sales of goods and services, an increase from 890,796,812.01 CNY in the previous year[45]. - Total cash outflow from operating activities was 1,204,742,465.11 CNY, compared to 1,175,798,494.67 CNY in the previous year[46]. - The company reported a decrease in cash received from investment returns to 6,260,008.22 CNY from 14,653,232.01 CNY year-over-year[46]. - The company’s cash flow from investment activities generated a net inflow of 85,550,971.52 CNY, contrasting with a net outflow of -50,052,734.41 CNY in the previous year[46]. Investments and Development - The company reported a significant increase in financial expenses, which rose by 67.81% year-on-year, primarily due to a decrease in net foreign exchange gains[19]. - The company experienced a 98.32% year-on-year decrease in net profit attributable to shareholders, mainly due to increased investments in breakthrough innovation technologies and new product development[27]. - The company’s intangible assets increased by 48.20% compared to the beginning of the year, mainly due to the capitalization of development expenditures[12]. - The company’s cash outflow for purchasing fixed assets and intangible assets increased by 48.95% year-on-year, indicating a rise in long-term asset investments[29]. - The company plans to continue investing in the development and market expansion of its large model technology[31]. - Research and development expenses rose to ¥164,837,881.27, a 23.4% increase from ¥133,508,932.62 in the previous year[43]. Shareholder Information - The company reported a total of 77,368 ordinary shareholders as of the end of the reporting period[35]. - The top shareholder, Liu Yingjian, holds 19.65% of the shares, while Xu Dongqing holds 7.58%[35]. - The employee stock ownership plan's first lock-up period ended on July 4, 2023, with 100,200 shares unlocked, representing 0.041% of the total share capital[37]. Legal and Regulatory Matters - The company faced a court ruling requiring it to compensate a total of ¥5,528,896.06 for a contract dispute, which has been accounted for in previous financial periods[36]. Market and Product Development - In the first half of 2023, the company initiated the development of the "Hanwang Tiandi Large Model," focusing on five characteristics: data privatization, low-cost computing, deep specialization, real-time knowledge, and precise generation[31]. - The company has released the initial results of the large model on October 12, 2023, targeting industries such as digital humanities, smart justice, smart education, and smart office[31]. - The company won a contract for the "Hebei Financial Cloud" regulatory service platform project, which utilizes AI technologies for data innovation, sharing, governance, and value development in the financial sector[33].