HAXC (SZ:300928)2025-10-28 08:20Financial Performance - The company's revenue for Q3 2025 was ¥261,975,896.65, a decrease of 1.42% compared to the same period last year[5] - The net profit attributable to shareholders was -¥20,333,082.52, down 79.51% year-on-year[5] - The basic earnings per share for the period was -¥0.25, reflecting a decline of 78.57% compared to the previous year[5] - Total operating revenue for the current period is CNY 681,407,273.98, a decrease of 2.3% from CNY 696,463,158.44 in the previous period[20] - Net profit for the current period is a loss of CNY 54,974,075.19, compared to a loss of CNY 35,585,076.58 in the previous period, indicating a worsening performance[21] - Basic and diluted earnings per share were both -CNY 0.73, worsening from -CNY 0.49 in the previous period[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,309,041,678.56, a decrease of 2.57% from the end of the previous year[5] - Total assets decreased to CNY 1,309,041,678.56 from CNY 1,343,567,034.53, a decline of 2.6%[19] - Total liabilities increased to CNY 194,117,174.32 from CNY 175,852,511.78, an increase of 10.5%[19] Cash Flow - The cash flow from operating activities showed a net outflow of -¥45,274,810.16, an increase of 26.63% in outflow compared to the previous year[5] - Cash inflow from operating activities totaled CNY 861,779,758.21, up from CNY 752,323,450.73, representing an increase of approximately 14.5%[22] - Cash outflow from operating activities was CNY 907,054,568.37, compared to CNY 814,029,362.68 in the previous period, resulting in a net cash flow from operating activities of -CNY 45,274,810.16[22] - Cash inflow from investment activities was CNY 87,030,995.59, down from CNY 211,021,036.22, reflecting a decrease of approximately 58.8%[23] - Cash outflow from investment activities totaled CNY 149,878,694.57, compared to CNY 300,583,287.77 in the previous period, leading to a net cash flow from investment activities of -CNY 62,847,698.98[23] - The ending cash and cash equivalents balance was CNY 101,595,171.77, down from CNY 231,048,330.19 in the previous period[23] Inventory and Borrowings - Inventory increased by 40.76% to ¥111,637,055.65, attributed to the ramp-up in production of smart cockpit terminal projects[9] - Short-term borrowings rose by 33.31% to ¥80,041,288.86, primarily due to new short-term bank loans[9] Expenses - Total operating costs increased to CNY 750,832,036.19, up 1.2% from CNY 738,978,705.03 in the previous period[20] - Financial expenses increased by 174.63% to ¥992,737.76, mainly due to increased borrowing interest expenses[9] - Research and development expenses increased to CNY 48,521,136.53, up from CNY 45,351,746.90, reflecting a focus on innovation[20] Tax and Other Income - Income tax expenses increased by 84.41% to -$22,671,277.52, reflecting a corresponding decrease in total profit[10] - Cash received from tax refunds decreased by 43.74% to $1,397,575.50, mainly due to higher refunds in the previous period[10] - Cash received from other operating activities fell by 42.56% to $2,085,174.34, attributed to fewer government subsidies received[10] - The company received government subsidies amounting to ¥603,620.00 during the reporting period[7] - Other comprehensive income after tax for the current period is CNY 3,747,456.68, compared to a loss of CNY 2,334,198.04 in the previous period, indicating improved performance in this area[21] Shareholder Information - Total number of ordinary shareholders at the end of the reporting period was 9,723, with the top 10 shareholders holding significant stakes[11] - The largest shareholder, He Xinyi, holds 22.00% of shares, totaling 17,597,754 shares[11]