Huawen(SZ:000793)2024-10-27 07:38Financial Performance - The company's operating revenue for Q3 2024 was ¥83,477,154.22, a decrease of 42.50% compared to the same period last year[2] - The net profit attributable to shareholders for Q3 2024 was -¥44,253,213.05, representing an increase of 23.61% year-on-year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥39,735,440.81, a decrease of 20.54% compared to the previous year[2] - Total operating revenue for Q3 2024 was CNY 258,335,228.70, a decrease of 41.0% compared to CNY 438,281,669.70 in the same period last year[16] - Net loss for Q3 2024 was CNY 108,293,049.08, compared to a net loss of CNY 128,386,946.18 in Q3 2023, representing an improvement of 15.5%[17] - The total comprehensive income for the period was -108,293,049.08 CNY, compared to -134,448,274.31 CNY in the previous period, indicating an improvement[19] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,130,152,365.57, down 5.06% from the end of the previous year[2] - The company's total assets decreased to CNY 3,130,152,365.57 from CNY 3,296,861,605.68, a decline of 5.0%[16] - Total liabilities decreased to CNY 1,994,609,207.86 from CNY 2,036,013,798.93, a reduction of 2.0%[15] - The equity attributable to shareholders decreased by 12.76% to ¥833,107,772.91 compared to the end of the previous year[2] - The total equity attributable to shareholders decreased to CNY 833,107,772.91 from CNY 954,973,026.17, a decline of 12.7%[16] Cash Flow - Cash flow from operating activities for the year-to-date was -¥33,342,963.74, a decrease of 120.07% year-on-year[2] - The net cash flow from operating activities decreased by 120.07% to -3,334.30 million, primarily due to a significant reduction in cash recovered from the purchase of the Intercontinental Hotel project[7] - Cash inflow from investment activities increased by 59.68% to 8,534.43 million, mainly attributed to cash received from equity investment disposals by Huashang Wenti[7] - The net cash flow from investment activities surged by 745.64% to 5,702.76 million, reflecting a decrease in cash payments for property purchases compared to the previous year[7] - The net cash flow from financing activities improved by 84.43% to -6,025.61 million, driven by lower cash outflows related to debt repayments[8] - The total cash outflow from operating activities decreased by 44.66% to 31,297.13 million, reflecting lower payments for procurement and marketing costs[7] Research and Development - The company's R&D expenses for the year-to-date were ¥167.25 million, a decrease of 50.63% compared to the previous year[6] - Research and development expenses for Q3 2024 were CNY 1,672,462.81, down 50.6% from CNY 3,387,490.75 in Q3 2023[17] Shareholder Information - As of the end of the reporting period, the total number of common shareholders is 98,661[10] - Guoguang Global Asset Management Co., Ltd. holds 142,300,244 shares, accounting for 11.06% of the total issued shares[11] - The total number of shares held by the top ten shareholders is 220,806,505 shares, which is 142.30% of the total issued shares[11] Financial Distress - The company has received a court notice for restructuring due to inability to repay debts, indicating significant financial distress[12] - The company has initiated a pre-restructuring process as per the court's decision, appointing a temporary administrator[12] Other Financial Metrics - The company's cash received from sales of goods and services dropped by 45.56% to 23,987.08 million, largely due to decreased business receipts from subsidiaries[7] - The company recorded a significant increase in other expenses, with a rise of 2872.68% to 839.14 million, mainly due to penalties related to lease terminations and tax adjustments[7] - The company reported a decrease in cash received from sales of goods and services, totaling 239,870,782.70 CNY compared to 440,629,050.07 CNY in the previous period[20]