Hitevision (SZ:002955)2024-10-30 08:43Financial Performance - The company's operating revenue for Q3 2024 was ¥1,191,692,842.55, a decrease of 17.75% compared to the same period last year[2]. - Net profit attributable to shareholders for Q3 2024 was ¥95,597,881.91, down 39.17% year-on-year[2]. - The net profit excluding non-recurring gains and losses for Q3 2024 was ¥88,290,667.43, a decline of 42.36% compared to the previous year[2]. - Total operating revenue for Q3 2024 was CNY 2,764,740,401.63, a decrease of 9.94% from CNY 3,069,477,845.66 in the same period last year[14]. - The net profit for the third quarter of 2024 was CNY 239,970,744.05, a decrease of 30.5% compared to CNY 346,068,422.92 in the same period last year[15]. - The company reported a total comprehensive income of CNY 233,206,890.64, compared to CNY 353,470,917.20 in the same quarter last year[15]. - Earnings per share (EPS) for the quarter was CNY 1.04, down from CNY 1.28 in the previous year[15]. Assets and Liabilities - The total assets at the end of Q3 2024 reached ¥4,950,823,592.85, reflecting a 3.22% increase from the end of the previous year[2]. - As of September 30, 2024, the total current assets of Honghe Technology Co., Ltd. amounted to approximately CNY 3.56 billion, an increase from CNY 3.32 billion at the beginning of the period, reflecting a growth of about 7.1%[11]. - The total liabilities rose to CNY 1,383,749,496.11, an increase of 2.73% from CNY 1,346,017,676.18 year-over-year[13]. - Shareholders' equity increased to CNY 3,567,074,096.74, up from CNY 3,450,441,652.86, indicating a growth of 3.39%[13]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥299,028,848.27, a significant decrease of 55.60% year-on-year[7]. - The cash flow from operating activities generated a net amount of CNY 299,028,848.27, significantly lower than CNY 673,477,899.24 in the previous year[17]. - The cash and cash equivalents at the end of Q3 2024 were CNY 1.66 billion, up from CNY 1.59 billion at the beginning of the period, indicating an increase of approximately 4.5%[11]. - The cash inflow from investment activities was CNY 1,603,925,058.62, down from CNY 3,023,284,291.95 year-over-year[17]. - The net cash flow from financing activities was negative at CNY -144,462,068.05, an improvement from CNY -265,849,570.85 in the previous year[17]. Expenses - Total operating costs for Q3 2024 were CNY 2,497,278,497.42, down 6.00% from CNY 2,655,078,232.46 year-over-year[14]. - The company reported a decrease in sales expenses to CNY 305,031,813.13 from CNY 336,622,553.43 year-over-year, a reduction of 9.39%[14]. - Research and development expenses for Q3 2024 were CNY 139,166,061.26, slightly up from CNY 137,261,480.52 in the previous year[14]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 15,741[8]. - The number of shares repurchased by the company was 2,398,850, accounting for 1.01% of the total share capital, ranking it as the 10th largest shareholder[11]. - The top ten shareholders collectively hold significant stakes, with the largest shareholder owning 17.34% of the company[9]. Other Information - The company experienced a 225.93% increase in investment income to ¥2,922,669.43, driven by changes in financial product returns[6]. - The financial expenses decreased by 61.40% to -¥24,326,546.08, mainly due to changes in exchange gains and losses[6]. - The company has not disclosed any new product launches or technological advancements in this quarter[11]. - Future outlook and performance guidance were not detailed in the provided documents[11].