Hwa Create(300045)2024-10-29 11:58Financial Performance - The company's operating revenue for Q3 2024 was ¥79,066,510.99, a decrease of 59.81% compared to the same period last year[3]. - The net profit attributable to shareholders was -¥31,621,094.09, representing a decline of 267.30% year-on-year[3]. - Total operating revenue for Q3 2024 reached CNY 446,483,578.81, an increase of 6.0% compared to CNY 417,812,932.14 in Q3 2023[17]. - The net loss attributable to shareholders was CNY -42,628,472.10, compared to CNY -13,833,853.44 in Q3 2023, indicating a worsening of the loss[16]. - The net profit for the third quarter of 2024 was -28,813,156.13 CNY, compared to a net profit of 7,356,287.85 CNY in the same period last year, representing a significant decline[18]. - The total comprehensive income for the third quarter was -29,172,559.00 CNY, down from 6,295,203.41 CNY year-over-year[19]. - The basic and diluted earnings per share were both -0.0435 CNY, compared to 0.0100 CNY in the previous year[19]. Cash Flow and Liquidity - The net cash flow from operating activities for Q3 2024 was ¥65,038,773.38, up 178.35% from the same period last year[3]. - Cash flow from operating activities generated a net inflow of 65,038,773.38 CNY, a recovery from a net outflow of -83,012,027.88 CNY in the same period last year[20]. - Cash inflow from operating activities totaled 759,803,629.83 CNY, up from 410,138,978.58 CNY year-over-year[20]. - Cash outflow from operating activities was 694,764,856.45 CNY, compared to 493,151,006.46 CNY in the previous year[20]. - The net cash flow from investing activities was -84,876,848.02 CNY, an improvement from -167,749,180.18 CNY in the same period last year[21]. - Cash flow from financing activities resulted in a net outflow of -47,441,267.50 CNY, compared to a net inflow of 11,317,493.07 CNY in the previous year[21]. - The ending balance of cash and cash equivalents was 220,729,701.77 CNY, compared to 140,601,209.34 CNY at the end of the previous year[21]. Expenses and Investments - Research and development expenses for the first nine months of 2024 reached ¥60,399,700, an increase of 59.17% compared to the previous year[6]. - Marketing expenses increased by ¥22,631,100, a year-on-year growth of 20.17% during the first nine months of 2024[6]. - Research and development expenses increased to CNY 60,399,672.65, compared to CNY 37,946,254.26 in Q3 2023, marking a significant increase of 59.2%[17]. - The company's long-term equity investments rose to CNY 9,049,584.23 from CNY 7,569,320.14, marking an increase of about 19.5%[14]. Assets and Liabilities - Total assets at the end of Q3 2024 were ¥2,442,351,189.99, reflecting a 2.27% increase from the end of the previous year[3]. - The total assets as of September 30, 2024, amounted to CNY 1,430,535,008.53, slightly down from CNY 1,438,461,843.50 at the beginning of the period[14]. - The company's total liabilities increased to CNY 722,752,479.96 from CNY 639,382,031.10, reflecting a rise of 13.0%[16]. - The total equity attributable to shareholders decreased to CNY 1,710,291,833.82 from CNY 1,739,445,855.35, a decline of 1.7%[16]. - The total equity attributable to shareholders decreased by 1.68% to ¥1,710,291,833.82 compared to the end of the previous year[4]. Inventory and Receivables - The company reported a significant increase in inventory, which rose by 79.19% to ¥611,389,500 compared to the beginning of the year[6]. - Inventory increased significantly to CNY 611,389,542.75 from CNY 341,192,859.23, reflecting an increase of approximately 79.4%[14]. - Accounts receivable fell to CNY 464,219,816.99 from CNY 575,130,885.99, representing a decrease of about 19.3%[14]. Shareholder Structure - The number of shares held by the top 10 shareholders includes significant stakes, with the largest being 28,889,315 shares held by Xiong Yunhong[10]. - The company reported a total of 169,854,335 restricted shares at the beginning of the period, with 23,511,025 shares released during the period[13]. - The total number of shares held by the top 10 unrestricted shareholders is 81,649,800 shares, with the largest being held by Gao Xiaoli[10]. - The company is actively managing its shareholder structure, with recent changes in the top shareholders and their respective stakes[11]. Operational Focus - The company plans to continue focusing on its core business and improving operational efficiency to drive stable growth across its business segments[6].