HAC(SH:600202)2025-10-29 09:40Financial Performance - The company's operating revenue for the third quarter was ¥278,199,194.62, representing a year-on-year increase of 19.21%[4] - The total profit for the third quarter was a loss of ¥22,314,709.25, with a year-to-date loss of ¥31,838,705.12, reflecting a significant decline of 1,311.23% compared to the previous year[4] - The net profit attributable to shareholders for the third quarter was a loss of ¥16,178,492.68, with a year-to-date loss of ¥23,821,548.45, indicating a year-on-year decline of 1,765.00%[4] - The basic earnings per share for the third quarter was -¥0.0422, with a year-to-date figure of -¥0.0621, showing a decline of 1,778.38%[5] - Total operating revenue for the first three quarters of 2025 was CNY 827,163,133.33, a decrease of 12.2% compared to CNY 941,944,624.36 in the same period of 2024[20] - Net profit for the first three quarters of 2025 was a loss of CNY 26,987,434.11, compared to a profit of CNY 2,459,240.59 in the same period of 2024[22] - The net profit attributable to shareholders of the parent company for the first three quarters of 2025 was a loss of CNY 23,821,548.45, compared to a profit of CNY 1,430,725.38 in the previous year[22] - The company reported a total comprehensive loss of CNY 25,848,617.47 for the first three quarters of 2025, compared to a comprehensive income of CNY 2,735,245.81 in the same period of 2024[22] - Total comprehensive income for the first three quarters of 2025 was a loss of CNY 22.65 million, compared to a loss of CNY 2.56 million in the same period of 2024[33] Cash Flow and Assets - The net cash flow from operating activities for the year-to-date period was ¥12,610,376.42, down by 80.51% compared to the previous year[4] - Operating cash flow for the first nine months of 2025 was CNY 12,610,376.42, a decrease of 80.5% compared to CNY 64,700,701.54 in the same period of 2024[25] - Total cash inflow from operating activities was CNY 959,406,078.06, while cash outflow was CNY 946,795,701.64, resulting in a net cash flow from operating activities of CNY 12,610,376.42[25] - Cash and cash equivalents decreased to RMB 191,576,381.86 from RMB 286,586,449.61, representing a decline of approximately 33.1%[16] - The company's cash and cash equivalents at the end of the period were CNY 112,667,195.62, compared to CNY 119,032,867.00 at the end of 2024[26] - The company's total liabilities were CNY 1,649,538,514.76, a decrease from CNY 1,723,141,108.06 in the previous year[29] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,736,077,737.23, a decrease of 3.18% from the previous year[5] - Total assets as of September 30, 2025, amounted to RMB 2,736,077,737.23, a decrease from RMB 2,825,978,057.93 as of December 31, 2024, reflecting a decline of approximately 3.15%[16] - Current assets totaled RMB 2,037,434,432.14, down from RMB 2,135,141,724.46, indicating a decrease of about 4.59%[16] - Total liabilities as of the reporting date were CNY 1,914,239,330.20, a decrease from CNY 1,974,457,626.71 in the previous year[20] - Total equity attributable to shareholders of the parent company was CNY 807,425,377.96, down from CNY 833,939,324.25 in the previous year[20] - The total equity of the company as of September 30, 2025, was CNY 802,715,202.81, down from CNY 829,202,377.30 at the end of 2024[29] Inventory and Borrowings - Inventory increased to RMB 517,333,259.45 from RMB 418,019,603.75, marking an increase of approximately 23.8%[16] - Short-term borrowings rose significantly to RMB 653,000,590.80 from RMB 334,335,594.89, an increase of about 95.4%[17] - The company reported a decrease in inventory to CNY 446,167,326.12 from CNY 364,512,292.76 in the previous year[28] Challenges and Future Outlook - The company reported a significant decline in gross profit margin, which impacted total profit and net profit attributable to shareholders[9] - The company is facing challenges due to decreased product sales revenue and declining gross profit margins, which are expected to affect future performance[9] - The company incurred financial expenses of CNY 25.54 million, slightly up from CNY 25.34 million in the previous year[32]