Hi-Target(300177)2023-10-23 16:00Financial Performance - The company's revenue for Q3 2023 was ¥300,144,630.55, representing a 1.33% increase compared to the same period last year[4]. - The net profit attributable to shareholders was -¥18,050,793.24, a decrease of 68.72% year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥32,571,868.66, a decline of 161.99% compared to the previous year[4]. - Total operating revenue for Q3 2023 reached CNY 886,309,492.28, an increase of 3.96% compared to CNY 859,628,447.26 in the same period last year[24]. - The net profit for Q3 2023 was -41,107,732.01 CNY, compared to a net profit of 11,138,933.22 CNY in Q3 2022, indicating a significant decline[25]. - The total profit for Q3 2023 was -44,968,266.07 CNY, down from 14,482,490.83 CNY in the same period last year[25]. - The total comprehensive income for Q3 2023 was -40,468,244.59 CNY, compared to 9,992,056.30 CNY in Q3 2022[26]. Earnings and Shareholder Information - The company's basic and diluted earnings per share were both -¥0.0243, a decrease of 68.69% year-on-year[4]. - The total number of common shareholders at the end of the reporting period was 47,360, with no preferred shareholders having restored voting rights[14]. - The largest shareholder, Liao Dinghai, holds 18.85% of the shares, amounting to 140,281,830 shares, with 105,211,372 shares subject to lock-up[14]. - The basic and diluted earnings per share for Q3 2023 were both -0.0276 CNY, compared to 0.0035 CNY in Q3 2022[26]. Cash Flow and Investments - Cash flow from operating activities showed a net outflow of -¥191,539,579.50, a decrease of 27.82% compared to the previous year[4]. - Cash flow from investing activities increased significantly to ¥149,734,779.69, a change of 241.08% compared to the previous year's cash outflow of ¥106,131,923.19, primarily due to the disposal of shares in Wuhan Guangting Information Technology Co., Ltd.[12]. - Cash flow from financing activities showed a net outflow of ¥62,893,958.25, a decrease of 64.24% from the previous year's inflow of ¥97,904,407.46, mainly due to increased bank loans in the prior period.[12]. - The company reported a cash inflow from investment activities of 149,734,779.69 CNY in Q3 2023, compared to a cash outflow of -106,131,923.19 CNY in Q3 2022[29]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,765,016,003.87, down 0.93% from the end of the previous year[5]. - Total assets decreased to CNY 3,765,016,003.87 from CNY 3,803,376,352.84, reflecting a decline of 1.01%[22]. - Total liabilities increased to CNY 1,555,395,916.73, up from CNY 1,499,609,737.39, marking a rise of 3.73%[22]. - The company's total equity decreased to CNY 2,209,620,087.14 from CNY 2,303,766,615.45, a decline of 4.08%[22]. - The company's total current assets as of September 30, 2023, amounted to ¥2,617,575,045.05, slightly up from ¥2,597,479,909.19 at the beginning of the year[20]. Operational Activities - The company reported a significant increase in prepayments, which rose by 92.96% to ¥41,482,170.35 due to increased payments to suppliers[9]. - The company recorded a significant decrease in investment income, which fell by 105.99% to -¥12,031,568.57 due to the absence of previous year’s gains from an associate[10]. - The company incurred a loss of 22,833,624.86 CNY from credit impairment in Q3 2023, compared to a loss of 12,308,935.03 CNY in Q3 2022[25]. - The company reported a cash outflow of 458,087,938.57 CNY for purchasing goods and services in Q3 2023, compared to 488,684,267.13 CNY in Q3 2022[27]. Research and Development - The company’s development expenditures surged by 275.63% to ¥32,535,223.30, reflecting increased investment in R&D[9]. - Research and development expenses were CNY 143,383,522.19, a decrease of 2.69% from CNY 147,519,405.75 in the previous year[24]. Market Strategy - The company is focused on expanding its market presence and developing new technologies, as indicated by the substantial cash flow from investment activities[12]. - The company is focusing on expanding its market presence and enhancing its product offerings, although specific new products or technologies were not detailed in the report[24]. Audit Status - The third quarter report for 2023 was not audited, indicating a need for further verification of financial data[33].