HASCO(SH:600741)2024-10-29 07:33Financial Performance - The company's operating revenue for Q3 2024 was ¥42,199,023,208.53, a decrease of 5.36% compared to the same period last year[2]. - The net profit attributable to shareholders for Q3 2024 was ¥1,610,757,149.50, down 15.20% year-on-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥1,477,431,704.57, a decline of 15.61% compared to the previous year[2]. - The basic earnings per share for Q3 2024 was ¥0.511, down 15.26% year-on-year[3]. - In Q3 2024, the company's net profit was CNY 5,112,446,973.24, a decrease of 4.87% compared to CNY 5,373,855,379.85 in Q3 2023[20]. - The company's total profit for Q3 2024 was CNY 5,512,882,025.55, a decrease of 5.76% compared to CNY 5,850,594,309.90 in Q3 2023[20]. - The total comprehensive income for Q3 2024 was CNY 5,343,067,936.49, down from CNY 5,649,669,227.66 in Q3 2023, indicating a decrease of 5.41%[21]. Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date period was ¥5,619,038,446.00, reflecting a decrease of 22.47%[3]. - The company reported cash and cash equivalents of ¥33,936,730,712.29 as of September 30, 2024, compared to ¥40,211,335,460.71 at the end of 2023[14]. - The net cash flow from financing activities was -3,416,876,631.93 CNY, compared to -1,605,676,560.48 CNY in the previous year, indicating a significant increase in cash outflow[24]. - The total cash and cash equivalents at the end of the period amounted to 33,755,991,302.93 CNY, down from 38,069,419,612.38 CNY year-over-year[24]. - The net increase in cash and cash equivalents was -6,169,087,562.82 CNY, contrasting with a positive increase of 5,022,984,827.40 CNY in the same period last year[24]. - The cash outflow from financing activities totaled 9,839,258,488.50 CNY, up from 7,992,045,806.43 CNY year-over-year[24]. Assets and Liabilities - The total assets at the end of the reporting period were ¥180,953,955,797.03, an increase of 2.76% from the end of the previous year[3]. - The total liabilities rose to CNY 116.67 billion in Q3 2024, compared to CNY 114.52 billion in Q3 2023, indicating a 1.9% increase[16]. - The equity attributable to shareholders at the end of the reporting period was ¥60,111,770,929.36, up 4.06% from the previous year[3]. - The equity attributable to shareholders increased to CNY 60.11 billion in Q3 2024, up from CNY 57.77 billion in Q3 2023, representing a growth of 4.0%[17]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 64,009, with the largest shareholder, Shanghai Automotive Group Co., Ltd., holding 1,838,663,129 shares, representing 58.32%[9]. - The top ten shareholders include several institutional investors, with Hong Kong Central Clearing Limited holding 135,582,155 shares, representing 4.30%[9]. - The total number of shares held by the top ten unrestricted shareholders is 2,042,000,000, which includes shares held by various investment funds[9]. Operational Challenges and Strategies - The company faced ongoing challenges due to intensified market competition and fluctuating customer demand, prompting measures to optimize business structure and control costs[4]. - Compared to Q2 2024, the company achieved slight growth in both operating revenue and net profit attributable to shareholders, indicating a trend of stabilization and recovery[4]. Research and Development - Research and development expenses in Q3 2024 were CNY 4,571,680,910.72, down 11.2% from CNY 5,152,249,840.64 in Q3 2023[20]. - The company has not reported any new products or technologies in the current quarter[12]. Future Outlook and Guidance - The company has not provided any future outlook or performance guidance in the current report[12]. - There are no significant changes in the shareholder structure or any new strategies announced during the reporting period[13]. - The report does not indicate any changes in the company's operational status that require investor attention[14]. - The company has not disclosed any mergers or acquisitions in the recent quarter[12]. - The company has not engaged in any share buybacks or significant capital expenditures during the reporting period[12].