HEC(SZ:000886)2024-10-28 10:55Financial Performance - The company's operating revenue for Q3 2024 reached ¥93,150,021.50, representing a 555.25% increase compared to the same period last year[2]. - Net profit attributable to shareholders was ¥10,782,848.62, up 156.41% year-on-year, while net profit after deducting non-recurring gains and losses was ¥19,881,070.82, an increase of 204.92%[2]. - Total operating revenue for Q3 2024 reached CNY 134,340,048.54, a significant increase from CNY 60,733,027.85 in the same period last year, representing a growth of 121%[15]. - The net profit for Q3 2024 is CNY 38,521,548.28, a decrease of 17.4% compared to CNY 46,677,021.35 in Q3 2023[16]. - The total profit for Q3 2024 is CNY 58,255,088.92, down from CNY 62,613,000.99 in the same period last year, reflecting a decline of 7.1%[16]. - Operating profit for Q3 2024 is CNY 59,433,644.94, compared to CNY 63,331,524.46 in Q3 2023, indicating a decrease of 6.5%[16]. - The company's basic earnings per share for the reporting period was ¥0.011, reflecting a 175.00% increase year-on-year[2]. - The basic earnings per share for Q3 2024 is CNY 0.040, down from CNY 0.047 in Q3 2023, reflecting a decrease of 14.9%[16]. - The company reported operating income of CNY 253,084,101.69 for Q3 2024, compared to CNY 186,417,159.93 in Q3 2023, representing an increase of 35.7%[17]. Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥3,525,570,651.16, reflecting a 1.92% increase from the end of the previous year[2]. - Total assets as of the end of Q3 2024 amounted to CNY 3,525,570,651.16, compared to CNY 3,459,232,728.40 at the beginning of the year, reflecting an increase of approximately 1.9%[14]. - Current assets decreased to CNY 1,924,383,024.75 from CNY 2,136,991,865.88, a decline of about 9.9%[13]. - Non-current assets increased to CNY 1,601,187,626.41 from CNY 1,322,240,862.52, marking a growth of approximately 21.1%[13]. - Total liabilities rose to CNY 448,490,788.39 from CNY 401,192,297.60, indicating an increase of about 11.7%[13]. - The company’s total equity attributable to shareholders decreased slightly by 0.34% to ¥3,042,255,589.14 compared to the end of the previous year[2]. - The company's equity attributable to shareholders decreased slightly to CNY 3,042,255,589.14 from CNY 3,052,747,696.36, a reduction of approximately 0.3%[14]. Cash Flow - Cash flow from operating activities showed a net outflow of ¥637,022,924.95, a decline of 197.69% compared to the same period last year, primarily due to payments for real estate project progress and land value-added tax[7]. - Cash flow from operating activities for Q3 2024 shows a net outflow of CNY -637,022,924.95, worsening from CNY -213,989,563.63 in Q3 2023[17]. - Cash inflow from investment activities for Q3 2024 is CNY 1,439,546,373.35, down from CNY 2,289,082,447.50 in the previous year[17]. - The net cash flow from financing activities for Q3 2024 is CNY 115,264,103.11, a significant improvement from CNY -65,931,431.76 in Q3 2023[18]. - The total cash and cash equivalents at the end of Q3 2024 is CNY 371,304,162.00, an increase from CNY 288,964,087.15 at the end of Q3 2023[18]. - The company’s cash and cash equivalents decreased by 40.67% to a net increase of -¥412,976,482.11, influenced by the aforementioned cash flow activities[7]. - The company reported a decrease in cash and cash equivalents from CNY 1,259,443,079.73 to CNY 504,071,044.94, a decline of approximately 60%[12]. Investments and Acquisitions - The company approved a loan limit of up to RMB 800 million to support daily operations and business development[9]. - The company agreed to increase the capital reserve of its wholly-owned subsidiary by RMB 190 million to enhance financing capabilities[9]. - The company plans to invest approximately RMB 10.4 million in the Hainan Lingshui Intelligent Computing Center project with a computing power scale of about 676P[10]. - The company acquired 51% equity of Hainan Road and Bridge Engineering Testing Co., Ltd. for RMB 40.73421 million to accelerate its return to the transportation main business[10]. - The company signed a compensation agreement with Qionghai City for the recovery of land use rights, with a total compensation of RMB 70.928705 million for 143.51 acres of land[10]. Operational Insights - The company reported a significant increase in accounts receivable, which rose by 250.22% to ¥107,519,433.11, driven by growth in the transportation and cultural tourism sectors[5]. - The company recorded a 66.52% increase in trading financial assets, totaling ¥149,939,668.57, due to the acquisition of shares from Hainan Rural Credit Cooperative[5]. - Operating costs for Q3 2024 were CNY 197,621,244.02, up from CNY 101,251,815.52, representing an increase of 95%[15]. - The net profit for the period is not explicitly stated, but the increase in operating revenue and costs suggests a focus on growth despite rising expenses[15]. - The company is likely to continue focusing on market expansion and operational efficiency to address the rising costs and improve profitability in future quarters[15]. - The company has not disclosed any new product developments or market expansion strategies in the current report[19].