HHWW(SH:600172)2024-10-30 09:15Financial Performance - The company's operating revenue for Q3 2024 was ¥288,991,151.09, a decrease of 29.50% compared to the same period last year[2]. - The net profit attributable to shareholders for Q3 2024 was -¥175,660,379.27, with a year-to-date net profit of -¥425,342,760.02[2]. - The basic and diluted earnings per share for Q3 2024 were both -¥0.1262, reflecting a significant loss[3]. - The company reported a net loss of ¥1,210,511,150.00 for the first three quarters of 2024, compared to a loss of ¥785,168,389.98 in the same period of 2023[12]. - The net profit for Q3 2024 was -425,342,760.02 CNY, compared to -366,310,106.33 CNY in Q3 2023, indicating a decline of approximately 16.1% year-over-year[14]. - Operating profit for Q3 2024 was -438,673,402.38 CNY, compared to -378,776,904.26 CNY in the same period last year, representing an increase in losses of approximately 15.8%[14]. - The total comprehensive income for Q3 2024 was -425,312,990.09 CNY, compared to -366,399,056.82 CNY in the same quarter last year, reflecting an increase in losses of approximately 16.1%[15]. Assets and Liabilities - The total assets as of September 30, 2024, were ¥8,344,968,271.32, a decrease of 7.26% from the end of the previous year[3]. - The equity attributable to shareholders decreased by 17.06% to ¥2,068,075,070.50 compared to the end of the previous year[3]. - The total liabilities as of September 30, 2024, were ¥6,276,893,200.82, a decrease from ¥6,505,018,624.90 at the end of 2023, indicating a reduction of about 3.5%[12]. - Total current assets decreased to ¥3,003,828,282.83 from ¥3,395,931,796.81, representing a reduction of about 11.5%[11]. - Cash and cash equivalents decreased significantly to ¥326,758,063.15 from ¥680,369,502.59, a decline of approximately 52%[10]. - Accounts receivable increased to ¥870,797,628.54 from ¥834,801,482.23, reflecting an increase of about 4.3%[10]. - Inventory levels rose slightly to ¥782,509,412.81 from ¥770,056,297.40, an increase of approximately 1.9%[10]. - Long-term equity investments increased to ¥30,219,158.67 from ¥19,752,448.37, representing an increase of approximately 52.5%[11]. Cash Flow - The cash flow from operating activities for the year-to-date period was ¥93,182,107.03, down 64.99% compared to the same period last year[6]. - Total revenue from operating activities was 795,838,982.07 CNY, down from 1,394,289,889.06 CNY, a decrease of about 43% year-over-year[16]. - Cash flow from operating activities showed a net inflow of 93,182,107.03 CNY, down from 266,139,979.31 CNY in the previous year, a decline of approximately 65%[16]. - The net cash flow from investing activities was 64,212,673.85, compared to a negative cash flow of -193,536,226.96 in the previous period[17]. - The total cash inflow from financing activities was 4,809,628,941.75, an increase from 4,139,516,111.31 in the prior period[17]. - The cash outflow for financing activities totaled 4,950,526,802.68, up from 4,298,039,450.50 in the previous period[17]. - The net cash flow from financing activities was -140,897,860.93, slightly improved from -158,523,339.19 in the prior period[17]. - The cash and cash equivalents at the end of the period amounted to 321,718,588.23, compared to 267,860,084.11 at the end of the previous period[17]. - The net increase in cash and cash equivalents was 16,587,211.21, contrasting with a decrease of -85,781,504.83 in the prior period[17]. - The company reported a total cash flow from operating activities of 108,277,919.03, compared to 193,570,032.96 in the previous period[17]. Shareholder Information - The top shareholder, Xuchang State-owned Industrial Investment Co., held 141,000,000 shares, representing 9.78% of total shares[7]. - The total number of ordinary shareholders at the end of the reporting period was 84,606[7]. Other Financial Metrics - Non-recurring gains and losses for Q3 2024 totaled ¥8,030,081.01, with government subsidies contributing ¥9,790,233.36[4]. - The company reported other income of 35,355,423.03 CNY, significantly up from 4,596,576.35 CNY, marking an increase of about 669%[14]. - The company incurred financial expenses of 210,707,957.08 CNY, down from 244,526,760.63 CNY, a decrease of about 13.8%[14]. - Research and development expenses decreased to 58,889,926.94 CNY from 69,118,406.16 CNY, reflecting a reduction of about 14.5%[14]. - The company has adopted new accounting standards starting from 2024, which may affect the financial statements[18].