HHWW(SH:600172)2023-10-29 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥438,696,838.96, representing a decrease of 17.61% compared to the same period last year[5]. - The net profit attributable to shareholders for Q3 2023 was -¥146,906,033.40, a decline of 1,500.59% year-on-year[5]. - The basic earnings per share for Q3 2023 was -¥0.1055, a decrease of 1,506.67% year-on-year[6]. - Net profit for Q3 2023 was a loss of ¥366,310,106.33, compared to a profit of ¥80,513,790.19 in Q3 2022[26]. - The total comprehensive income attributable to the parent company for Q3 2023 was -366,399,056.82 CNY, compared to 80,207,722.45 CNY in the same period last year[27]. - Basic and diluted earnings per share for Q3 2023 were both -0.2631 CNY, down from 0.0578 CNY in Q3 2022[27]. Cash Flow - The cash flow from operating activities for the year-to-date period was ¥266,139,979.31, down 48.76% compared to the previous year[6]. - Cash inflow from operating activities for the first three quarters of 2023 was 1,394,289,889.06 CNY, a decrease of 15.1% from 1,642,972,988.14 CNY in the same period of 2022[28]. - Net cash flow from operating activities for Q3 2023 was 266,139,979.31 CNY, down 48.8% from 519,372,010.11 CNY in Q3 2022[28]. - Cash outflow from investing activities for the first three quarters of 2023 was 193,570,032.96 CNY, compared to 328,864,343.05 CNY in the same period last year, indicating a reduction of 41.1%[28]. - Net cash flow from financing activities for Q3 2023 was -158,523,339.19 CNY, worsening from -104,313,095.13 CNY in Q3 2022[28]. - The ending balance of cash and cash equivalents as of Q3 2023 was 267,860,084.11 CNY, down from 455,453,219.62 CNY at the end of Q3 2022[28]. - The company reported a decrease in cash received from sales of goods and services, totaling 1,365,073,920.55 CNY in the first three quarters of 2023, compared to 1,582,445,649.86 CNY in the same period of 2022[28]. - Total cash outflow from operating activities in Q3 2023 was 1,128,149,909.75 CNY, slightly up from 1,123,600,978.03 CNY in Q3 2022[28]. Assets and Liabilities - Total assets as of the end of the reporting period were ¥9,460,928,885.94, a decrease of 1.81% from the end of the previous year[6]. - The equity attributable to shareholders was ¥2,925,529,942.37, down 11.13% compared to the previous year[6]. - The total liabilities as of Q3 2023 amounted to ¥6,535,398,943.57, an increase from ¥6,343,202,027.19 in the previous year[20]. - The total assets of the company as of September 30, 2023, are ¥9,460,928,885.94, down from ¥9,635,131,026.38 at the end of 2022[19]. - The total liabilities decreased from ¥3,390,821,117.11 to ¥3,338,847,543.25 in short-term borrowings[19]. - The company's total current assets as of September 30, 2023, amount to ¥2,784,083,277.38, an increase from ¥2,766,089,060.73 at the end of 2022[18]. - Accounts receivable increased to ¥929,145,127.25 from ¥763,419,521.32 year-over-year[18]. - The company's long-term receivables increased to ¥10,500,000.00 from ¥6,000,000.00 year-over-year[19]. - The company reported a decrease in cash and cash equivalents from ¥884,751,630.62 to ¥773,379,717.98[18]. - The company’s inventory decreased slightly from ¥824,532,808.58 to ¥816,001,769.79[18]. - The company’s total non-current assets as of September 30, 2023, are ¥6,676,845,608.56, down from ¥6,869,041,965.65 at the end of 2022[19]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 100,522[14]. - The largest shareholder, Henan Yellow River Industrial Group Co., Ltd., holds 262,218,761 shares, accounting for 18.1% of the total shares[14]. Operating Costs and Expenses - Total operating revenue for Q3 2023 was ¥1,445,149,705.92, a decrease of 20% compared to ¥1,807,936,731.84 in Q3 2022[25]. - Total operating costs for Q3 2023 were ¥1,742,813,796.61, slightly up from ¥1,721,280,219.52 in Q3 2022[25]. - Research and development expenses for Q3 2023 were ¥69,118,406.16, compared to ¥73,464,768.00 in Q3 2022, indicating a decrease of approximately 6%[25]. - The company reported a total of ¥4,596,576.35 in other income for Q3 2023, down from ¥18,496,943.27 in Q3 2022[25]. - The company incurred credit impairment losses of ¥65,433,513.01 in Q3 2023, compared to ¥15,820,037.17 in Q3 2022, reflecting a significant increase in losses[25]. - The company reported a total of ¥1,238,804.15 in non-operating expenses for Q3 2023, down from ¥2,042,063.91 in Q3 2022[26]. Market Conditions - The company reported a significant decline in gross margin due to market demand fluctuations in the superhard materials industry, particularly for cultivated diamonds[10]. - Non-recurring gains and losses for Q3 2023 totaled ¥2,454,314.71, down from ¥6,802,290.69 in the previous year[10]. - The company experienced a substantial decrease in accounts receivable financing by 83.67% due to recoveries[11].