HYC(SH:688001)2024-10-30 08:49Financial Performance - The company's revenue for Q3 2024 was ¥438,593,459.21, representing a decrease of 2.80% compared to the same period last year[2]. - The net profit attributable to shareholders for Q3 2024 was -¥82,237,109.47, a decline of 236.18% year-over-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2024 was -¥84,764,172.26, down 241.51% from the previous year[2]. - The basic earnings per share for Q3 2024 was -¥0.19, a decrease of 246.15% compared to the same period last year[2]. - Net profit for the third quarter of 2024 was a loss of CNY 51,128,553.95, compared to a profit of CNY 190,866,647.79 in the same quarter of 2023[17]. - Earnings per share for the third quarter of 2024 was -CNY 0.12, down from CNY 0.43 in the same quarter of 2023[17]. - The total comprehensive income for the third quarter of 2024 was a loss of CNY 51,834,337.95, compared to a gain of CNY 191,692,543.70 in the same quarter of 2023[17]. Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date was -¥240,694,349.79, a significant decline of 1,037.44% year-over-year[2]. - The net cash flow from operating activities for the first three quarters of 2024 was -240,694,349.79 RMB, a decrease from 25,675,604.66 RMB in the same period of 2023[18]. - Total cash inflow from operating activities was 1,440,264,054.08 RMB, down from 1,567,981,726.42 RMB year-over-year[18]. - Cash outflow for purchasing goods and services increased to 1,005,379,611.43 RMB from 787,245,522.06 RMB in the previous year[18]. - The ending balance of cash and cash equivalents was 472,886,146.13 RMB, down from 1,083,021,935.57 RMB year-over-year[19]. - The company received 169,000,000.00 RMB in new borrowings during the period, compared to 80,000,000.00 RMB in the previous year[19]. - The company reported a decrease in cash inflow from operating activities, indicating potential challenges in revenue generation[18]. Research and Development - Research and development expenses totaled ¥106,835,602.31 for Q3 2024, an increase of 24.56% year-over-year, accounting for 24.36% of revenue[4]. - Research and development expenses for the first three quarters of 2024 were CNY 293,807,149.80, an increase from CNY 275,818,027.81 in the same period of 2023[16]. Assets and Liabilities - Total assets at the end of Q3 2024 were ¥5,520,537,346.64, a decrease of 0.84% from the end of the previous year[4]. - As of September 30, 2024, the company's total current assets amounted to approximately CNY 2.99 billion, slightly down from CNY 2.996 billion at the end of 2023[12]. - The company's cash and cash equivalents decreased to CNY 475.36 million from CNY 874.20 million, representing a decline of approximately 45.5%[12]. - Accounts receivable increased to CNY 1.29 billion, up from CNY 1.13 billion, indicating a growth of about 14.8% year-over-year[12]. - Inventory rose significantly to CNY 868.05 million, compared to CNY 629.69 million, reflecting an increase of approximately 37.8%[12]. - The company's total liabilities increased to CNY 854.01 million, up from CNY 770.52 million, marking an increase of approximately 10.8%[13]. - Total liabilities increased to CNY 1,732,147,103.94, up from CNY 1,631,695,381.14 year-over-year[16]. - Total equity attributable to shareholders decreased to CNY 3,788,390,242.70 from CNY 3,935,413,247.88 in the previous year[16]. Operational Challenges - The decline in net profit was primarily due to weak customer demand and increased costs associated with new asset depreciation and raw material prices[7]. - Total operating revenue for the first three quarters of 2024 was CNY 1,276,388,907.29, a decrease of 4.55% compared to CNY 1,337,541,009.20 in the same period of 2023[15]. - Total operating costs increased to CNY 1,368,742,883.89, up 20.29% from CNY 1,137,788,008.20 year-over-year[16]. - Financial expenses for the first three quarters of 2024 were CNY 21,086,895.78, compared to a gain of CNY 10,799,874.26 in the same period of 2023[16]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 10,108, with the largest shareholder holding 52.26% of the shares[10]. - The company reported no significant changes in the shareholding structure or any related party transactions during the reporting period[10]. - The company has not disclosed any new product developments or market expansion strategies in the current report[11]. - There were no significant reminders or alerts for investors regarding the company's operational status during the reporting period[11].