QHHD(SH:600243)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was CNY 103,856,518.20, a decrease of 22.22% compared to CNY 133,522,741.07 in the same period last year[4]. - The net profit attributable to shareholders of the listed company was CNY -8,226,957.70, compared to CNY -8,235,157.09 in the same period last year, indicating a slight improvement[4]. - Total operating revenue for the first three quarters of 2023 was CNY 271,558,834.11, a decrease of 33% compared to CNY 405,561,817.08 in the same period of 2022[21]. - Net profit for Q3 2023 was CNY -30,792,515.21, an improvement compared to CNY -33,746,397.91 in Q3 2022[24]. - The company has a basic and diluted earnings per share of CNY -0.06 for Q3 2023, consistent with the previous year[24]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,251,932,416.35, reflecting a decrease of 8.85% from CNY 1,373,522,318.42 at the end of the previous year[5]. - The company's total liabilities as of Q3 2023 amounted to CNY 372,784,885.39, a decrease from CNY 465,582,272.25 in the previous year[19]. - The total equity attributable to shareholders of the parent company was CNY 864,435,086.27, down from CNY 892,800,712.91 year-over-year[19]. - The total liabilities and equity amounted to CNY 1,251,932,416.35 as of Q3 2023[19]. Cash Flow - The net cash flow from operating activities was CNY -25,474,124.52, showing a significant improvement compared to CNY -52,552,244.52 in the same period last year[5]. - Cash inflow from operating activities for the first three quarters of 2023 was approximately $374.1 million, a decrease of 24% compared to $492.7 million in the same period of 2022[26]. - Net cash outflow from operating activities was approximately -$66.3 million in 2023, worsening from -$31.2 million in 2022[27]. - Total cash outflow from operating activities increased to approximately $440.4 million in 2023, compared to $523.9 million in 2022, reflecting a 16% decrease[27]. - Cash received from other operating activities increased to approximately $134.0 million in 2023, compared to $95.2 million in 2022, marking a 41% increase[27]. - Cash paid for purchasing goods and services decreased to approximately $205.8 million in 2023 from $326.4 million in 2022, a reduction of 37%[27]. Shareholder Information - The company had a total of 46,133 common shareholders at the end of the reporting period[10]. - The top ten shareholders include Qinghai Electromechanical State Holding Co., Ltd. with 18,000,000 shares, representing 4.10% of total shares[12]. - The company has committed to granting shareholder rights to Qinghai Heavy Machine Tool Co., Ltd. for shares obtained in a non-public offering[14]. Changes in Control and Governance - The company is undergoing a change in actual control, with the new controller being Wang Feng as of July 19, 2023[14]. - The company has signed a supplementary agreement extending the shareholder authorization period for two years from July 19, 2023[14]. Research and Development - Research and development expenses for the first three quarters of 2023 were CNY 11,547,817.58, a decrease of 30% from CNY 16,443,204.07 in the same period of 2022[21]. Other Financial Metrics - The company recorded non-operating income of CNY 2,989,246.57 for the reporting period, down from CNY 4,663,536.20 in the previous year[9]. - The company reported investment income of CNY 12,460,336.95 for Q3 2023[23]. - The company experienced a 100% decrease in accounts receivable financing as the commercial bill financing has been settled[9]. - The company's long-term borrowings decreased by 72.32% due to reclassification of long-term loans maturing within one year[9].