HIKING(SH:600735)2023-10-30 16:00Financial Performance - The company's operating revenue for Q3 2023 was CNY 615,633,346.75, representing a 26.91% increase compared to CNY 485,065,934.61 in the same period last year[2]. - Net profit attributable to shareholders for Q3 2023 was CNY 31,172,054.50, an increase of 86.43% from CNY 16,519,772.25 in the previous year[2]. - The basic earnings per share for Q3 2023 was CNY 0.0727, reflecting a 94.39% increase compared to CNY 0.0384 in the same period last year[3]. - Net profit for Q3 2023 was CNY 116,456,071.23, representing a 23.6% increase from CNY 94,140,614.81 in Q3 2022[19]. - Earnings per share for Q3 2023 were CNY 0.1441, up from CNY 0.1220 in Q3 2022, reflecting a growth of 18.2%[20]. - The company reported a total profit of CNY 157,558,647.37 for Q3 2023, compared to CNY 133,008,595.69 in Q3 2022, marking an increase of 18.5%[19]. - The company’s total comprehensive income for Q3 2023 was CNY 125,822,853.36, slightly up from CNY 120,920,246.57 in Q3 2022[20]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,281,971,555.41, showing a decrease of 4.31% from the previous year's end[3]. - As of September 30, 2023, total current assets amounted to ¥1,574,294,821.87, a decrease from ¥1,662,292,425.71 at the end of 2022, reflecting a decline of approximately 5.3%[14]. - The total assets of the company as of September 30, 2023, were ¥2,281,971,555.41, down from ¥2,384,688,352.21 at the end of 2022, indicating a decrease of about 4.3%[15]. - The company’s total liabilities as of September 30, 2023, were ¥729,570,468.46, compared to ¥763,093,583.45 at the end of 2022, indicating a decrease of approximately 4.4%[15]. - Total liabilities decreased to CNY 772,937,751.73 from CNY 811,561,042.36, a reduction of approximately 4.7%[18]. - Total equity attributable to shareholders decreased to CNY 1,347,420,097.41 from CNY 1,422,899,607.89, a decline of about 5.3%[18]. Cash Flow - The net cash flow from operating activities for Q3 2023 was CNY 111,859,016.75, a decrease of 27.68% compared to the previous year[3]. - Cash inflow from operating activities for the first three quarters of 2023 was CNY 1,872,674,882.82, an increase of 21% compared to CNY 1,548,256,956.99 in the same period of 2022[22]. - The company’s cash flow from sales of goods and services reached CNY 1,749,812,071.57, up from CNY 1,462,598,421.56 in the previous year, indicating a growth of 19.6%[22]. - The total cash outflow from operating activities was $1,760,815,829.11, compared to $1,393,585,725.42 in Q3 2022, indicating an increase of 26.4%[23]. - The company paid $63,323,283.21 in taxes during Q3 2023, an increase of 8.4% from $58,358,580.07 in Q3 2022[23]. - The cash paid for employee compensation was $143,500,867.75, slightly down from $144,548,973.12 in the previous year[23]. Business Segments - The company reported a significant increase in revenue from the second-hand car export business, achieving CNY 486 million in sales for the first nine months of 2023, a 580% year-on-year growth[8]. - The cross-border e-commerce business generated CNY 325 million in sales, marking an 11.6% increase year-on-year, with net profit growth of 113.2%[8]. Investments and Acquisitions - The company completed the acquisition of 100% equity in Shandong Xinhua Jin New Material Technology Co., which is now a wholly-owned subsidiary, impacting the consolidated financial statements[4]. - The company acquired a total of 7% equity in Qingdao Senhui Graphite Co., Ltd. by purchasing shares from Qingdao Wanhua Feng Graphite Sales Co., Ltd. and Qingdao Deli Tong Trading Co., Ltd. for a total consideration of ¥5,364,331[12]. Other Financial Metrics - The weighted average return on equity for Q3 2023 was 2.21%, an increase of 1.18 percentage points compared to the previous year[3]. - The company reported a 549.72% increase in credit impairment losses due to the recovery of accounts receivable[8]. - The company’s inventory remained stable at ¥369,378,610.50, showing a marginal increase from ¥369,264,579.14[14]. - The company’s accounts payable increased to ¥187,924,368.04 from ¥138,499,444.03, representing an increase of approximately 35.6%[15].