HUASHENG(SH:605180)2024-10-29 07:37Financial Performance - The company's operating revenue for Q3 2024 reached ¥73,355,776.04, representing a year-on-year increase of 39.48%[2] - Net profit attributable to shareholders for Q3 2024 was ¥13,065,776.64, an increase of 82.46% compared to the same period last year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2024 was ¥13,023,308.94, up 99.63% year-on-year[2] - Total operating revenue for the first three quarters of 2024 reached CNY 248,767,721.90, a significant increase of 56% compared to CNY 159,387,467.20 in the same period of 2023[17] - Operating profit for the third quarter of 2024 was CNY 54,031,935.40, up from CNY 30,721,615.87 in the previous year, reflecting an increase of 76%[18] - Net profit for the first three quarters of 2024 was CNY 47,202,084.32, compared to CNY 27,753,843.84 in the same period of 2023, representing a growth of 70%[19] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,179,678,408.09, reflecting a 4.23% increase from the end of the previous year[3] - As of September 30, 2024, the total assets of Zhejiang Huasheng Technology Co., Ltd. amounted to CNY 1,179,678,408.09, an increase from CNY 1,131,778,074.55 at the end of 2023, reflecting a growth of approximately 4.24%[13] - The total liabilities increased to CNY 41,288,106.77 in Q3 2024, up from CNY 27,069,857.55 in Q3 2023, indicating a growth of 53%[16] - The total current liabilities amounted to CNY 40,168,345.97, an increase from CNY 25,851,304.15 in the previous year, representing a growth of 55%[16] - The total equity attributable to shareholders reached CNY 1,138,390,301.32, an increase from CNY 1,104,708,217.00 year-over-year, reflecting a growth of 3%[16] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 14,283[9] - The largest shareholder, Jiang Yuhui, holds 37.41% of the shares, totaling 63,216,562 shares[9] Cash Flow - The cash flow from operating activities for the year-to-date period decreased by 84.18% to ¥8,978,793.52[2] - In the first three quarters of 2024, the cash inflow from operating activities reached ¥207,154,733.53, an increase of 25.4% compared to ¥165,361,376.95 in the same period of 2023[21] - The net cash flow from operating activities was ¥8,978,793.52, a significant decrease of 84.2% from ¥56,759,606.24 in the previous year[21] - Cash outflow for purchasing goods and services was ¥149,636,930.60, up 113.4% from ¥70,146,494.83 in the prior year[21] - The cash outflow from investing activities totaled ¥83,892,071.94, compared to ¥30,140,873.98 in the same period last year, indicating a 178.5% increase[22] - The net cash flow from investing activities was -¥83,694,071.94, worsening from -¥9,424,915.67 in the previous year[22] - Cash inflow from financing activities was ¥10,000,000.00, with no inflow recorded in the same period of 2023[22] - The net cash flow from financing activities was -¥3,588,472.22, an improvement from -¥26,321,204.62 in the previous year[22] - The total cash and cash equivalents at the end of the period were ¥468,163,203.58, down from ¥600,417,973.36 at the end of the previous year[22] Expenses and Costs - Research and development expenses for the first three quarters of 2024 were CNY 9,353,031.16, a decrease from CNY 11,327,450.97 in the same period of 2023, showing a reduction of 17%[17] - The company reported a financial cost reduction, with financial expenses of -CNY 12,878,619.72 in 2024 compared to -CNY 16,504,010.16 in 2023, indicating an improvement of 22%[17] - The company received ¥1,744,091.37 in tax refunds, a decrease of 37.0% from ¥2,765,692.92 in the same period last year[21] - The company reported a cash outflow of ¥12,868,028.06 for taxes, which increased by 51.1% from ¥8,503,149.26 in the previous year[21] Asset Composition - The company's current assets totaled CNY 800,492,400.60, down from CNY 842,136,412.88, indicating a decrease of about 4.95%[14] - Accounts receivable increased to CNY 189,072,867.84 from CNY 146,453,808.24, representing a growth of approximately 28.94%[13] - Inventory decreased slightly to CNY 111,492,892.91 from CNY 113,440,202.92, a decline of about 1.72%[14] - Non-current assets rose to CNY 379,186,007.49 from CNY 289,641,661.67, marking an increase of approximately 30.94%[14] - The company's cash and cash equivalents were reported at CNY 468,270,660.97, down from CNY 546,424,167.53, a decrease of about 14.26%[13] - The company reported a significant increase in long-term intangible assets, which rose to CNY 62,267,825.25 from CNY 33,017,890.88, reflecting an increase of approximately 88.73%[14] Earnings Per Share - Basic earnings per share for Q3 2024 were ¥0.08, a 100% increase from the same period last year[3] - The company’s earnings per share (EPS) for Q3 2024 was CNY 0.28, compared to CNY 0.16 in Q3 2023, reflecting a growth of 75%[19]