HKHC(SH:600162)2022-10-27 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥1,259,456,347.59, a decrease of 27.18% compared to the same period last year[5]. - The net profit attributable to shareholders for Q3 2022 was ¥108,244,682.29, down 39.05% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2022 was ¥84,102,364.75, a decline of 42.02% compared to the previous year[5]. - The basic earnings per share for Q3 2022 was ¥0.0331, representing a decrease of 37.90% year-on-year[6]. - Total revenue for the first three quarters of 2022 was CNY 2,817,782,622.62, a decrease of 20.8% compared to CNY 3,561,505,870.06 in the same period of 2021[25]. - Net profit for Q3 2022 was CNY 97,669,246.35, a decline of 56.0% compared to CNY 221,139,597.66 in Q3 2021[26]. - Earnings per share for Q3 2022 were CNY 0.0429, down from CNY 0.0656 in Q3 2021, representing a decrease of 34.0%[27]. Assets and Liabilities - The total assets at the end of the reporting period were ¥26,768,068,681.32, a decrease of 9.69% from the end of the previous year[6]. - Total assets decreased to CNY 26,768,068,681.32 in Q3 2022 from CNY 29,641,483,197.63 in Q3 2021, a reduction of 9.5%[23]. - The company's total liabilities as of September 30, 2022, have not been disclosed in the provided content but are critical for assessing financial health[18]. - Total liabilities decreased to CNY 19,196,736,141.73 in Q3 2022 from CNY 22,037,082,379.51 in Q3 2021, a decline of 12.9%[23]. Cash Flow - The company's cash and cash equivalents as of September 30, 2022, were approximately CNY 3.26 billion, down from CNY 3.56 billion at the end of 2021[21]. - The net cash flow from operating activities for Q3 2022 was CNY 145,865,179.66, a significant improvement from a net outflow of CNY 527,509,433.45 in Q3 2021[29]. - The cash and cash equivalents at the end of Q3 2022 amounted to CNY 2,765,437,477.60, an increase from CNY 2,438,900,785.67 at the end of Q3 2021[29]. - The cash outflow for purchasing fixed assets and other long-term assets in Q3 2022 was CNY 41,514,285.80, significantly lower than CNY 340,544,304.52 in Q3 2021[29]. Investments and Compensation - The company received a total of CNY 1.04 billion in performance compensation from Southern Xiangjiang, with a remaining balance of CNY 909 million yet to be paid[17]. - The company reported an investment loss of CNY 4,666,495.72 in Q3 2022, contrasting with a profit of CNY 59,624,127.08 in Q3 2021[26]. - The company received CNY 37,235,831.48 in investment income during Q3 2022, compared to CNY 105,074.11 in Q3 2021[29]. Operational Highlights - The company experienced a significant reduction in property sales revenue, impacting overall performance[8]. - The company reported a year-to-date net profit attributable to shareholders of ¥140,206,921.03, down 35.95% year-on-year[5]. - The company has hosted nearly 155 events and competitions as part of its innovation initiatives[16]. - The company reported a total of 220 enterprises (including graduated enterprises) settled in the Xiangjiang International Science and Technology Innovation Center as of September 30, 2022[16]. Research and Development - Research and development expenses for Q3 2022 were CNY 289,285,130.89, compared to CNY 395,671,228.95 in Q3 2021, indicating a decrease of 27.0%[26].