HULUWA(SH:605199)2025-10-30 09:30Financial Performance - Total revenue for the third quarter was CNY 175,049,000, a decrease of 49.6% compared to CNY 347,069,480 in the same period last year[4] - Net profit attributable to shareholders was CNY -13,623,704.84, representing a decline of 158.6% from CNY 5,133,834.9 year-on-year[5] - Basic earnings per share were CNY -0.04, down from CNY 0.01 in the same quarter last year, reflecting a decrease of 400%[5] - Total operating revenue for the first three quarters of 2025 was CNY 682,719,912.56, a decrease of 33.9% compared to CNY 1,032,589,239.77 in the same period of 2024[24] - Net profit for the first three quarters of 2025 was a loss of CNY 7,547,153.80, compared to a loss of CNY 113,303,466.75 in the same period of 2024[25] - The total comprehensive income attributable to the parent company was -11,213,924.18 RMB, compared to -117,548,926.75 RMB in the previous period[26] - The company reported a basic and diluted earnings per share of -0.03 RMB, compared to -0.29 RMB in the previous period[26] Cash Flow and Assets - Operating cash flow for the period was CNY 44,336,879.79, a significant improvement from CNY -53,787,151 in the previous year[5] - The company's cash and cash equivalents decreased to CNY 110,738,401.92 as of September 30, 2025, from CNY 254,293,484.89 at the end of 2024, representing a decline of 56.5%[20] - The net cash flow from operating activities for the first three quarters of 2025 was 58,490,902.46 RMB, a significant improvement from -204,905,985.53 RMB in the same period of 2024[28] - Cash inflow from operating activities totaled 632,257,945.39 RMB, while cash outflow was 573,767,042.93 RMB, resulting in a positive net cash flow[29] - The ending cash and cash equivalents balance was 93,792,931.85 RMB, down from 135,834,728.73 RMB in the previous year[30] - Total assets at the end of the reporting period were CNY 2,799,785,053.43, a decrease of 5.56% from CNY 2,964,546,337.76 at the end of the previous year[5] - Total liabilities decreased to CNY 2,064,133,355.83 as of September 30, 2025, down 7.1% from CNY 2,221,262,004.67 at the end of 2024[22] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 27,294[13] - The largest shareholder, Hainan Huluwa Investment Development Co., Ltd., holds 167,079,000 shares, accounting for 41.76% of total shares[13] - The second-largest shareholder, Zhejiang Fuwang Juder Health Development Co., Ltd., holds 57,519,000 shares, representing 14.38%[14] Operational Adjustments and Compliance - The company is undergoing adjustments due to prior accounting errors as mandated by regulatory authorities, affecting previously reported financial data[6] - The company has implemented a special rectification team to address issues raised in the internal control audit report, led by the chairman[16] - The company is enhancing its internal control management by conducting comprehensive self-inspections and reinforcing contract risk prevention measures[16] - Financial data review processes have been established to ensure compliance with accounting standards and improve financial data management[17] - The company plans to strengthen communication with regulatory authorities to enhance compliance management and risk prevention capabilities[17] - The company will continue to optimize its governance structure and improve the quality of information disclosure[17] Revenue and Cost Trends - Operating revenue decreased by 33.88% year-on-year due to cyclical market demand adjustments and industry policy impacts[10] - Total operating costs for the first three quarters of 2025 were CNY 697,724,259.32, down 41.2% from CNY 1,186,983,292.11 in the previous year[24] - The company reported a significant reduction in research and development expenses to CNY 20,326,657.01 in the first three quarters of 2025, down 85.1% from CNY 136,399,436.30 in the same period of 2024[25] - The company incurred cash payments for purchasing goods and services totaling 189,063,254.82 RMB, significantly lower than 482,310,778.21 RMB in the same period last year[29] Non-Operating Income - Non-operating income for the period included government subsidies amounting to CNY 13,502,190.71, contributing positively to the financial results[8] - The company reported a total of CNY 13,426,521.53 in non-recurring gains and losses for the year-to-date, indicating a significant impact on overall profitability[9] - The company received tax refunds amounting to 185,533.02 RMB, a decrease from 2,308,531.23 RMB in the previous year[29]