HDHM(002685)2024-10-28 10:05Financial Performance - The company's operating revenue for Q3 2024 reached ¥373,858,473.48, representing a year-on-year increase of 182.46%[2] - Net profit attributable to shareholders for the same period was ¥6,666,937.43, up 118.65% compared to the previous year[2] - Basic earnings per share for Q3 2024 were ¥0.0066, reflecting a growth of 118.59% year-on-year[2] - The company's operating revenue for Q3 2024 reached ¥931,006,931.93, an increase of 80.39% compared to ¥516,104,612.81 in the same period last year, primarily due to the new photovoltaic cell business[6] - The net profit for the third quarter of 2024 was CNY 16,278,828.16, a significant recovery from a net loss of CNY 85,962,700.83 in the same period last year[16] - Operating profit for the quarter was CNY 9,723,495.31, compared to an operating loss of CNY 103,661,320.05 in the previous year[16] - The total profit for the quarter was CNY 9,606,486.10, recovering from a total loss of CNY 104,982,801.95 in the same period last year[16] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥181,852,903.52, showing a significant increase of 3,918.23%[2] - The net cash flow from operating activities was 181,852,903.52 CNY, a significant improvement from -4,762,749.33 CNY in the previous year[19] - The cash inflow from operating activities totaled CNY 1,222,766,689.90, significantly higher than CNY 498,582,880.66 in the same quarter last year[18] - The company's financial activities generated a net cash flow of ¥77,772,744.35, a recovery from -¥226,398,658.91, due to the release of bank guarantees[7] - The net cash flow from financing activities was 77,772,744.35 CNY, recovering from -226,398,658.91 CNY in the previous year[19] Assets and Liabilities - Total assets as of September 30, 2024, amounted to ¥3,573,003,188.41, an increase of 14.92% from the end of the previous year[2] - The total assets increased to RMB 3.573 billion, up from RMB 3.109 billion, reflecting a growth of approximately 14.9% year-over-year[14] - The total liabilities rose to RMB 2.142 billion, compared to RMB 1.695 billion, indicating an increase of about 26.4%[15] - The company’s non-current assets totaled RMB 833.68 million, down from RMB 869.32 million, indicating a decrease of about 4.1%[14] Operational Metrics - The company reported a significant increase in accounts receivable, which rose by 121.20% to ¥120,910,213.84 due to increased order completion[5] - Prepayments increased by 272.80% to ¥108,605,169.93, attributed to order execution and inventory preparation[5] - Contract liabilities grew by 135.98% to ¥522,441,261.24, driven by new order prepayments[5] - Operating costs rose to ¥866,898,405.16, reflecting a 98.41% increase from ¥436,915,118.64, in line with the growth in operating revenue[6] - Operating costs for the current period were RMB 1.036 billion, up from RMB 577 million, marking an increase of around 79.5%[15] Investment and Financing Activities - The company acquired a 43.18% stake in Xiamen Ruixin Tuchip Technology Co., Ltd. for a total investment of RMB 19.8 million, which includes RMB 7.425 million for 37.50% equity and RMB 1.980 million for new registered capital[10] - Cash inflow from investment activities was 425,008,452.48 CNY, down from 666,878,548.04 CNY year-over-year[19] - The net cash flow from investment activities was -182,713,312.74 CNY, contrasting with a positive 73,492,707.32 CNY in the previous year[19] - The company reported a financial expense of ¥8,733,829.02, a dramatic increase of 494.61% from -¥2,213,303.89, due to reduced interest income and increased fees[6] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 59,988, with the largest shareholder holding 8.50% of the shares[9] Research and Development - Research and development expenses decreased to CNY 28,200,531.68 from CNY 37,100,160.68, reflecting a strategic focus on cost management[16] Other Financial Metrics - The company recorded non-operating income totaling ¥7,584,237.55 for the current period[3] - The weighted average return on net assets was 0.46%, a decrease of 2.10% compared to the previous year[2] - The company experienced a credit impairment loss of ¥58,022,199.10, a reversal from a gain of -¥13,133,594.58, indicating improved collection performance[6] - The company reported a significant reduction in financial expenses, with interest expenses at CNY 6,864,764.90 compared to CNY 10,588,258.13 in the previous year[16] Audit Information - The company did not undergo an audit for the third quarter report[20]