HDAA(SH:600316)2019-10-24 16:00Financial Performance - Operating income increased by 28.17% to CNY 1,700,429,898.29 for the period from January to September[18] - Net profit attributable to shareholders was -CNY 79,798,272.18, showing a slight deterioration compared to -CNY 75,259,033.81 in the same period last year[18] - The company's operating revenue for the first three quarters of 2019 reached ¥1,700,429,898.29, an increase of 28.17% compared to the same period last year[30] - Total revenue for Q3 2019 was approximately ¥573.59 million, a decrease of 1.55% compared to ¥582.50 million in Q3 2018[52] - Net profit for the first nine months of 2019 was approximately ¥785.99 million, compared to ¥825.08 million in the same period of 2018, reflecting a decrease of 4.7%[51] - The net profit for Q3 2019 was a loss of ¥26.78 million, compared to a loss of ¥32.30 million in Q3 2018, showing an improvement of approximately 17.5%[68] - The total profit for the first three quarters of 2019 was a loss of ¥74.92 million, slightly better than the loss of ¥75.05 million in the same period of 2018[68] Assets and Liabilities - Total assets decreased by 32.13% to CNY 7,397,942,105.98 compared to the end of the previous year[18] - Total assets as of the end of the reporting period were approximately ¥7.29 billion, down from ¥9.60 billion at the end of the previous reporting period[51] - Total liabilities decreased to approximately $2.58 billion from $4.79 billion, reflecting a decline of about 46.0%[43] - Current liabilities amounted to approximately $2.52 billion, a reduction from $4.67 billion, reflecting a decrease of about 46.1%[43] - The company’s total liabilities were reported at 4,787,929,719.05 RMB, a decrease of 17,049,182.48 RMB from the previous total[87] - The company’s long-term assets included a significant decrease in fixed assets, which fell by 72.69% to ¥661,343,641.36, primarily due to the asset swap[30] Cash Flow - Net cash flow from operating activities decreased by 175.09% to -CNY 241,027,099.09 for the period from January to September[18] - The net cash flow from operating activities was -241,027,099.09 RMB, compared to 320,968,528.88 RMB in the previous year[75] - The cash outflow for operating activities was 2,057,309,197.80 RMB, compared to 1,626,734,837.94 RMB in the previous year[75] - The company reported a net cash flow from investing activities of -152,108,767.41 RMB, an improvement from -237,830,977.00 RMB year-over-year[75] - Cash and cash equivalents decreased to approximately $180.69 million from $624.86 million, a decline of about 71.0%[45] Shareholder Information - The total number of shareholders was 60,111 at the end of the reporting period[22] - Basic and diluted earnings per share were both -CNY 0.1113, a 6.10% increase in loss compared to the previous year[20] - Total equity attributable to shareholders amounted to ¥6,095,626,182.86, a slight decrease from ¥6,100,763,113.45, reflecting a change of ¥5,136,930.59[89] Government Support and Financial Standards - The company received government subsidies amounting to CNY 1,077,039.48 during the reporting period[20] - The company executed new revenue, financial instruments, and leasing standards starting January 1, 2019, impacting retained earnings and related financial statement items[89] - The company has implemented new financial instrument standards and new lease standards with retrospective adjustments to prior comparative data[100] Other Financial Metrics - The weighted average return on net assets was -1.32%, a decrease of 0.01 percentage points compared to the previous year[20] - The company reported a significant increase of 103.13% in notes receivable, reaching CNY 117,525,718.63 compared to the previous year[27] - The company reported a significant reduction in employee compensation payable, decreasing to approximately $55.57 million from $164.27 million, a decline of about 66.1%[43] - The company’s financial expenses rose to ¥52,658,598.85, a 64.15% increase attributed to higher interest payments on bank loans[31]