HAC(SH:600202)2023-10-30 16:00Financial Performance - The company's operating revenue for Q3 2023 was CNY 358,357,823.52, representing a year-on-year increase of 54.42%[3] - The net profit attributable to shareholders for Q3 2023 was CNY 7,894,095.82, a decrease of 74.45% compared to the same period last year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2023 was CNY 10,573,176.50, down 42.08% year-on-year[3] - The basic earnings per share for Q3 2023 was CNY 0.0206, a decline of 74.44% compared to the previous year[5] - The company reported a decrease in net profit for the year-to-date period of 34.21% compared to the same period last year[10] - Total operating revenue for the first three quarters of 2023 reached ¥1,059,791,589.25, a significant increase of 54.6% compared to ¥685,682,150.18 in the same period of 2022[23] - Net profit for the first three quarters of 2023 was ¥24,267,471.28, a decrease of 31.8% from ¥35,582,982.35 in the same period of 2022[25] - Earnings per share for the first three quarters of 2023 were ¥0.0613, down from ¥0.0932 in the same period of 2022[26] - The company reported a total comprehensive income of ¥23,861,282.02 for the first three quarters of 2023, down from ¥35,413,843.79 in the same period of 2022[26] - The total profit for the first three quarters of 2023 was ¥22,365,470.60, down 40.6% from ¥37,741,809.42 in the same period of 2022[37] Assets and Liabilities - The total assets at the end of Q3 2023 amounted to CNY 2,881,747,783.91, an increase of 17.19% from the end of the previous year[5] - As of September 30, 2023, the total assets of the company amounted to CNY 2,881,747,783.91, an increase from CNY 2,459,087,707.94 at the end of 2022[20] - The company's cash and cash equivalents increased to CNY 315,041,458.46 from CNY 237,664,559.84 year-over-year[20] - Accounts receivable rose significantly to CNY 1,129,525,466.93, compared to CNY 833,610,813.59 at the end of 2022, indicating a growth of approximately 35.5%[20] - The company's inventory also increased to CNY 378,576,781.19 from CNY 277,836,380.11, reflecting a growth of about 36.3%[20] - Total current liabilities increased to CNY 1,683,456,912.35 from CNY 1,488,876,768.91, representing an increase of approximately 13.1%[20] - The company’s long-term borrowings increased to CNY 297,890,000.00 from CNY 110,520,000.00, indicating a substantial rise in financing[20] - Total liabilities amounted to ¥2,025,330,874.65, an increase from ¥1,629,732,080.70 in the previous year[22] - Total equity reached ¥856,416,909.26, up from ¥829,355,627.24 in the previous year[22] - The company maintained a stable capital structure with total equity of CNY 823,720,531.99, slightly up from CNY 803,903,875.06[34] Cash Flow - The net cash flow from operating activities for the year-to-date period was CNY -25,272,386.21, reflecting a significant decline[5] - Operating cash inflow totaled CNY 971,930,941.70, an increase from CNY 620,793,428.96 in the previous period, reflecting a growth of approximately 56.4%[29] - Operating cash outflow amounted to CNY 997,203,327.91, compared to CNY 568,542,683.13, resulting in a net cash flow from operating activities of CNY -25,272,386.21, down from CNY 52,250,745.83[29] - Investment cash inflow was CNY 3,214,496.44, while investment cash outflow reached CNY 19,944,435.71, leading to a net cash flow from investment activities of CNY -16,729,939.27[29] - Financing cash inflow totaled CNY 665,981,531.47, an increase from CNY 410,600,000.00, while financing cash outflow was CNY 527,766,946.11, compared to CNY 464,494,741.30, resulting in a net cash flow from financing activities of CNY 138,214,585.36[30] - The net cash flow from operating activities for the first three quarters of 2023 was negative at -¥5,250,112.51, a significant decline from ¥50,229,848.83 in the same period of 2022[40] - The company experienced a net increase in cash and cash equivalents of ¥83,368,198.01 in the first three quarters of 2023, compared to a decrease of -¥23,793,754.60 in the same period of 2022[42] Expenses and Investments - The increase in operating revenue was primarily driven by higher product sales and changes in the scope of consolidation[10] - The decline in net profit was attributed to increased period expenses and reduced asset disposal gains compared to the previous year[10] - Total operating costs for the first three quarters of 2023 were ¥1,035,805,031.15, up 57.3% from ¥657,839,611.59 in the previous year[25] - Research and development expenses for the first three quarters of 2023 were ¥27,113,528.85, an increase of 70.8% compared to ¥15,850,139.36 in the same period of 2022[25] - Research and development expenses increased to ¥17,405,275.91, up 20.5% from ¥14,442,616.88 in the previous year[35] - The financial expenses increased significantly to ¥12,684,523.81, compared to ¥2,649,569.89 in the previous year, primarily due to interest expenses[35] - The company has ongoing investments in new technologies and market expansion strategies, although specific figures are not provided in the current report[17] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[24] Legal and Regulatory Issues - The company is facing a negative impact on its financials due to an arbitration ruling requiring it to pay CNY 84,935,900.00 in total to the claimant[17]