HDAA(SH:600316)2023-10-24 16:00Financial Performance - The net profit attributable to shareholders for the third quarter was ¥1,979,560.58, a decrease of 10.39% year-on-year[14]. - Operating revenue for the third quarter was ¥196,108,563.23, reflecting a decline of 72.67% compared to the same period last year[14]. - The net profit attributable to shareholders for the year-to-date period decreased by 43.41%, despite an improvement in gross margin compared to the same period last year[16]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for the year-to-date period decreased by 61.43%, primarily due to a low base from the previous year and high R&D expenses[16]. - Net profit for Q3 2023 was 8.89 million, down from 14.54 million in Q3 2022, representing a decline of about 38.4%[36]. - The total profit for Q3 2023 was CNY 10,199,057.57, down from CNY 19,354,849.86 in Q3 2022, a decline of approximately 47.4%[51]. - Basic earnings per share for Q3 2023 were CNY 0.0124, down from CNY 0.0219 in Q3 2022, a decrease of about 43.9%[52]. Assets and Liabilities - The company's total assets decreased by 10.72% compared to the end of the previous year, amounting to ¥15,387,181,502.84[5]. - The total equity attributable to shareholders decreased by 0.51% compared to the end of the previous year, amounting to ¥5,272,885,039.65[5]. - The total liabilities as of September 30, 2023, were CNY 10,114,296,463.19, a decrease from CNY 11,934,510,352.18 at the end of 2022[25]. - The total equity attributable to shareholders as of September 30, 2023, was CNY 5,272,885,039.65, down from CNY 5,299,672,262.02 at the end of 2022[25]. - The total assets decreased from 17.23 billion to 15.39 billion, a reduction of approximately 10.67%[33]. - The total liabilities decreased from 11.89 billion to 10.07 billion, a decline of about 15.3%[33]. Cash Flow - The company reported a net cash flow from operating activities of -¥113,930,869.09 year-to-date, indicating cash flow challenges[14]. - The company reported a significant decrease in cash flow from operating activities for the year-to-date period due to reduced cash payments for purchased goods[17]. - The net cash flow from operating activities was -CNY 113,930,869.09, an improvement from -CNY 582,048,636.22 year-over-year[55]. - The cash flow from financing activities resulted in a net outflow of 42.31 million, compared to an outflow of 98.38 million in the previous year[38]. - The cash flow from financing activities showed a net outflow of -CNY 42,309,756.21, compared to -CNY 98,382,672.30 in the previous year[55]. Research and Development - Research and development expenses increased by 61.65% year-to-date, indicating a significant rise in investment in innovation[7]. - R&D expenses for the first three quarters of 2023 increased to CNY 48,034,729.95 from CNY 29,715,124.45 in the same period last year[25]. - Research and development expenses increased to 48.03 million from 29.72 million, marking a rise of approximately 61.5%[36]. Inventory and Operating Costs - The company's inventory increased from CNY 3,456,385,153.05 to CNY 4,123,792,461.22, reflecting a growth of approximately 19.3%[46]. - The total operating costs for the first three quarters of 2023 were CNY 1,907,904,517.66, compared to CNY 2,725,596,152.11 in the previous year[25]. - The company's operating revenue for the first three quarters of 2023 was CNY 1,911,689,098.46, a decrease of 30% compared to CNY 2,731,494,571.78 in the same period of 2022[58]. Other Financial Metrics - The company's cash and cash equivalents as of September 30, 2023, were CNY 456,585,470.90, down from CNY 623,985,672.12 at the end of 2022[21]. - The company incurred sales expenses of CNY 5,221,708.99, down from CNY 7,724,299.71 in the previous year[58]. - The company received 5,570,590.71 RMB in investment income, which is an increase from 3,229,849.20 RMB in the same period last year, showing a growth of approximately 72.4%[65]. - Other comprehensive income after tax was 2.09 million, compared to a loss of 0.60 million in the same period last year[36]. - The company's financial expenses improved, showing a reduction from -6.56 million to -3.31 million[36].