HQHB(SZ:300929)2024-10-23 08:15Financial Performance - The company's operating revenue for Q3 2024 was ¥58,946,045.28, a decrease of 30.13% compared to the same period last year[3]. - The net profit attributable to shareholders was -¥980,862.15, representing a decline of 134.19% year-over-year[3]. - The net profit after deducting non-recurring gains and losses was -¥1,558,234.07, an increase of 53.75% compared to the previous year[3]. - The company reported a significant decrease in operating income for the first nine months of 2024, totaling ¥162,215,284.32, down 41.77% from ¥278,572,783.66 in the same period of 2023[6]. - Total operating revenue for Q3 2024 was CNY 162,215,284.32, a decrease of 41.9% compared to CNY 278,572,783.66 in the same period last year[15]. - The company reported a net loss of CNY 14,737,515.60 for Q3 2024, compared to a net profit of CNY 16,657,209.74 in the same period last year, indicating a significant decline in profitability[16]. - Operating revenue for the period was CNY 190,994,713.33, down from CNY 272,975,196.81 in the previous year, reflecting a decrease of approximately 30%[18]. - The total comprehensive loss for the period was CNY 14,737,515.60, compared to a comprehensive income of CNY 16,657,209.74 in the previous year[16]. - The basic and diluted earnings per share were both reported at CNY -0.09, down from CNY 0.13 in the same quarter last year[16]. Cash Flow and Assets - The net cash flow from operating activities for the year-to-date was -¥30,910,211.41, a decline of 230.23% compared to the same period last year[3]. - The company's cash flow from investing activities was negative at CNY -15,306,109.94, an improvement from a larger negative cash flow of CNY -88,147,227.50 in the previous year[18]. - The company experienced a cash inflow from financing activities of CNY 41,699,130.21, a recovery from a cash outflow of CNY -50,823,665.20 in the same quarter last year[19]. - Cash and cash equivalents at the end of the period stood at CNY 61,971,361.54, a decrease from CNY 168,249,002.23 at the beginning of the period[19]. - The company's cash and cash equivalents increased slightly to CNY 77,084,032.47 from CNY 76,886,204.02 at the beginning of the period[12]. - The total assets at the end of Q3 2024 were ¥1,769,954,933.21, a decrease of 0.54% from the end of the previous year[3]. - Non-current assets totaled CNY 1,096,181,123.28, up from CNY 1,087,628,028.66, showing an increase of 0.5%[13]. - Total assets decreased to CNY 1,769,954,933.21 from CNY 1,779,483,492.43, a decline of 0.5%[14]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 8,219[8]. - The largest shareholder, Ma'anshan An Gong Da Asset Management Co., Ltd., holds 14.10% of shares, totaling 18,632,328 shares[8]. - The second-largest shareholder, Caida Securities - Minsheng Bank - Caida Securities Growth No. 6 Collective Asset Management Plan, holds 4.61% of shares, totaling 6,087,640 shares[8]. - The number of shares held by the top ten shareholders does not include shares lent through margin trading[9]. - The company has no changes in the participation of the top ten shareholders in margin trading compared to the previous period[9]. - The company has no preferred shareholders or changes in restricted shares that are applicable for the reporting period[9]. Operational Changes and Regulatory Issues - The company announced that the resignation of director Lian Hongwei will not affect the normal operation of the board[11]. - The company received a warning letter from the China Securities Regulatory Commission regarding shareholder Lhasa Xingqing Network Technology Co., Ltd. and its concerted actions[11]. - The company plans to focus on the technological productization and intelligent upgrade of products following the resignation of Lian Hongwei[11]. Inventory and Receivables - Accounts receivable rose to CNY 281,750,041.96, compared to CNY 278,467,629.16 at the start of the quarter, indicating a growth of 1.6%[12]. - Inventory increased to CNY 66,846,073.10 from CNY 56,360,717.89, representing a growth of 18.5%[12]. Liabilities and Financial Position - The weighted average return on net assets was -0.12%, down by 0.46% year-over-year[3]. - The company experienced a 49.20% decrease in trading financial assets, primarily due to redemptions during the reporting period[6]. - The company reported a 101.28% increase in contract liabilities, attributed to an increase in advance payments for projects[6]. - Short-term borrowings decreased to CNY 71,445,442.29 from CNY 75,075,218.64, a reduction of 8.7%[13]. - The company's net profit attributable to shareholders decreased to CNY 309,987,966.59 from CNY 324,730,502.88, a decline of 4.5%[14]. - Minority interests increased to CNY 9,375,417.18 from CNY 5,823,318.27, reflecting a growth of 60.5%[14].