Huati Tech(SH:603679)2024-10-29 08:29Financial Performance - Revenue for Q3 2024 was ¥94,582,533.43, a decrease of 47.99% compared to the same period last year[2] - Net profit attributable to shareholders for Q3 2024 was -¥15,569,983.65, compared to a profit of ¥34,730,595.41 in the same period last year[6] - Year-to-date net profit attributable to shareholders was -¥31,200,328.74, down from ¥57,958,070.58 in the previous year[6] - Basic earnings per share for Q3 2024 was -¥0.0954, compared to ¥0.2128 in the same period last year[6] - Total operating revenue for the first three quarters of 2024 was CNY 288,685,329.54, a decrease of 42.2% compared to CNY 499,392,580.73 in the same period of 2023[15] - Operating profit for the first three quarters of 2024 was a loss of CNY 39,319,013.13, compared to a profit of CNY 63,447,307.78 in the same period of 2023[17] - The net profit for Q3 2024 was -33,260,237.40 CNY, compared to a net profit of 59,785,856.37 CNY in Q3 2023, indicating a significant decline[18] - The total profit for Q3 2024 was -39,217,609.08 CNY, compared to a profit of 65,270,082.76 CNY in Q3 2023[18] - The company reported a net loss of CNY 18,090,351.10 for the first three quarters of 2024, compared to a profit in the same period of 2023[26] Assets and Liabilities - Total assets at the end of Q3 2024 were ¥1,406,781,235.60, a decrease of 9.49% from the end of the previous year[3] - Shareholders' equity at the end of Q3 2024 was ¥845,686,505.66, down 6.42% from the previous year[3] - Total assets decreased to CNY 1,406,781,235.60 from CNY 1,554,312,216.88, indicating a decline of 9.5%[14] - Total liabilities decreased to CNY 552,953,641.38 from CNY 641,140,636.51, reflecting a decline of 13.8%[14] - Current liabilities decreased to CNY 329,756,879.61 from CNY 420,941,474.65, a reduction of 21.7%[14] - Total liabilities decreased to CNY 445,966,758.12 from CNY 510,474,154.07 at the end of 2023, representing a reduction of 12.6%[24] Cash Flow - Cash flow from operating activities for the year-to-date was -¥64,384,623.49, compared to -¥64,377,004.85 in the same period last year[6] - Cash flow from operating activities showed a net outflow of -59,900,268.52 CNY for Q3 2024, compared to a net outflow of -50,995,937.03 CNY in Q3 2023[30] - Total cash inflow from investment activities was 352,205,230.15 CNY in the first nine months of 2024, down from 443,623,979.43 CNY in the same period of 2023[22] - The net cash flow from financing activities for Q3 2024 was -43,511,901.28 CNY, compared to a positive cash flow of 13,352,764.03 CNY in Q3 2023[22] - Total operating cash inflow for the first three quarters of 2024 was 210,348,852.29 CNY, down from 418,449,542.16 CNY in the same period of 2023[30] Shareholder Information - As of September 30, 2024, the total number of ordinary shareholders is 19,214[9] - The largest shareholder, Liang Xi, holds 23,404,943 shares, representing 14.34% of the total shares, with 16,120,924 shares pledged[9] Market Environment and Strategy - The company attributed the decline in revenue to a poor market environment and project delays[6] - The company has not reported any significant new strategies or product developments during the reporting period[11] - The company has not reported any new product launches or technological advancements during this period[31] - There were no significant mergers or acquisitions reported in the latest financial disclosures[31] Research and Development - Research and development expenses for the first three quarters of 2024 were CNY 21,337,179.14, down from CNY 22,389,712.64 in 2023[17] - Research and development expenses for the first three quarters were CNY 18,485,943.51, slightly up from CNY 18,286,209.59 in the previous year[26] Financial Ratios - The weighted average return on equity was -1.76%, a decrease of 5.70 percentage points from the previous year[3] - The diluted earnings per share for the year-to-date period is 0.1912 CNY, down from 0.3551 CNY in the same period last year, primarily due to a decrease in net profit[8] - The weighted average return on equity for the current period is -1.76%, a decrease of 5.70 percentage points compared to 3.94% in the same period last year, attributed to a decline in net profit[8] - The weighted average return on equity for the year-to-date period is -3.55%, down 10.21 percentage points from 6.66% in the same period last year, mainly due to a decrease in net profit[8]