HAC(SH:600202)2023-11-03 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%[4] - 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[4] - 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[4] - The basic earnings per share for Q3 2023 was CNY 0.0206, reflecting a decline of 74.44% compared to the previous year[6] - The company reported a total net profit of CNY 23,505,118.61 for the year-to-date period, down 34.21% year-on-year[4] - Net profit for the first three quarters of 2023 was ¥24,267,471.28, down from ¥35,582,982.35 in 2022, reflecting a decrease of approximately 31.8%[26] - The company reported a total comprehensive income of ¥23,861,282.02 for the first three quarters of 2023, compared to ¥35,413,843.79 in 2022, a decline of about 32.8%[27] 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[6] - The company's total assets increased to ¥2,881,747,783.91 in 2023 from ¥2,459,087,707.94 in 2022, marking a growth of about 17.1%[23] - Total liabilities rose to ¥2,025,330,874.65 in 2023, compared to ¥1,629,732,080.70 in 2022, an increase of approximately 24.2%[23] - The company's total liabilities amounted to ¥1,766,940,009.76, an increase from ¥1,450,315,794.71 in the previous year[35] Cash Flow - The net cash flow from operating activities for the year-to-date period was CNY -25,272,386.21, a decline of 148.37%[6] - Operating cash inflow for the first three quarters of 2023 reached CNY 971,930,941.70, a significant increase of 56.4% compared to CNY 620,793,428.96 in the same period of 2022[29] - Cash inflow from sales of goods and services reached CNY 923,807,842.52, marking a 58.3% increase from CNY 583,627,291.99 in the previous year[29] - The cash flow from operating activities showed a net outflow of ¥5,250,112.51, compared to a net inflow of ¥50,229,848.83 in the same period last year[40] Expenses - The company attributed the decline in net profit to increased period expenses and reduced asset disposal gains compared to the previous year[11] - Total operating costs for the first three quarters of 2023 were ¥1,035,805,031.15, compared to ¥657,839,611.59 in 2022, indicating an increase of about 57.4%[26] - Research and development expenses for the first three quarters of 2023 were ¥27,113,528.85, up from ¥15,850,139.36 in 2022, representing an increase of approximately 70.5%[26] - The company reported a significant increase in financial expenses, totaling ¥12,684,523.81, compared to ¥2,649,569.89 in the previous year[36] Shareholder Information - The major shareholder, Harbin Industrial Investment Group, holds 34.03% of the total shares, indicating a strong control over the company[17] Changes in Financial Position - The company has experienced changes in its consolidation scope, impacting revenue and profit figures[11] - The company was ordered to pay a total of CNY 84,935,900 for asset transfer fees and interest losses due to an arbitration ruling, which may negatively impact financial results[18] Current Assets - As of September 30, 2023, the company's cash and cash equivalents increased to CNY 315,041,458.46 from CNY 237,664,559.84 at the end of 2022, representing a growth of approximately 32.5%[21] - Accounts receivable rose significantly to CNY 1,129,525,466.93, up from CNY 833,610,813.59, indicating an increase of about 35.5%[21] - Inventory levels increased to CNY 378,576,781.19 from CNY 277,836,380.11, reflecting a growth of approximately 36.3%[21] - The total current assets reached CNY 2,212,286,868.16, compared to CNY 1,810,424,299.54 at the end of 2022, marking an increase of around 22.2%[21] Investment Activities - The net cash flow from investing activities was CNY -16,729,939.27, an improvement from CNY -21,979,589.33 in the same period last year[30] - The company raised CNY 3,200,000.00 from minority shareholders during the financing activities, contributing to a net cash inflow of CNY 138,214,585.36[31] Equity - The company's total equity increased to ¥856,416,909.26 in 2023 from ¥829,355,627.24 in 2022, reflecting a growth of about 3.3%[23] - The total equity increased to ¥823,720,531.99 from ¥803,903,875.06 in the previous year[35]