HASCO(600741)2023-10-25 16:00Financial Performance - In Q3 2023, the company's revenue reached ¥44.59 billion, a year-on-year increase of 0.06%[5] - The net profit attributable to shareholders was ¥1.90 billion, down 19.51% compared to the same period last year[5] - The net profit after deducting non-recurring gains and losses was ¥1.75 billion, a decrease of 22.30% year-on-year[6] - The basic earnings per share for the quarter were ¥0.603, a decrease of 19.39% year-on-year[6] - The total revenue for Q3 2023 was CNY 5,850,594,309.90, down from CNY 6,266,177,418.37 in the same period last year, reflecting a decrease of approximately 6.6%[21] - The operating profit for Q3 2023 was CNY 5,654,517,049.96, down from CNY 6,222,722,473.60 in Q3 2022, indicating a decline of about 9.1%[21] - The company achieved a total comprehensive income of CNY 5,649,669,227.66 in Q3 2023, compared to CNY 4,209,664,822.51 in Q3 2022, reflecting an increase of approximately 34.3%[22] - Basic earnings per share for Q3 2023 were CNY 1.504, slightly down from CNY 1.547 in Q3 2022, a decrease of about 2.8%[22] Revenue and Costs - Total operating revenue for the first three quarters of 2023 reached RMB 121.56 billion, an increase of 7.0% compared to RMB 113.31 billion in the same period of 2022[20] - Total operating costs for the first three quarters of 2023 amounted to RMB 118.28 billion, up from RMB 109.47 billion in the same period of 2022, reflecting a growth of 8.3%[20] - The company reported a significant increase in sales revenue from CNY 106,584,642,350.75 in the first nine months of 2023, compared to CNY 91,972,909,405.72 in the same period of 2022, an increase of approximately 15.8%[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥170.90 billion, reflecting a 4.98% increase from the end of the previous year[6] - As of September 30, 2023, total assets were RMB 170.90 billion, compared to RMB 162.80 billion at the end of 2022, indicating a growth of 4.3%[18] - Total liabilities as of September 30, 2023, were RMB 111.66 billion, compared to RMB 105.74 billion at the end of 2022, an increase of 5.7%[18] - The equity attributable to shareholders was ¥55.23 billion, up 4.26% from the end of the previous year[6] - The company's retained earnings reached RMB 34.54 billion, up from RMB 32.11 billion at the end of 2022, indicating a growth of 7.6%[18] Cash Flow - The company reported a net cash flow from operating activities of ¥7.25 billion for the year-to-date, down 10.30% compared to the previous year[6] - The company reported a total cash inflow from operating activities of CNY 108,851,918,681.97 in the first nine months of 2023, compared to CNY 94,032,804,293.71 in the same period of 2022, representing an increase of approximately 15.7%[25] - The net cash flow from operating activities for the first nine months of 2023 was CNY 7,247,749,191.03, down from CNY 8,080,326,232.50 in the previous year, a decrease of about 10.3%[25] - Cash and cash equivalents increased to RMB 38.28 billion from RMB 33.33 billion at the end of 2022, representing a growth of 14.8%[16] - The ending balance of cash and cash equivalents reached 38,069,419,612.38, up from 33,941,561,533.68 year-over-year[26] Shareholder Information - The top shareholder, Shanghai Automotive Group Co., Ltd., holds 58.32% of the shares, indicating strong institutional support[12] Government Support and Subsidies - The company received government subsidies amounting to ¥87.25 million during the quarter, contributing to its financial performance[10] Research and Development - Research and development expenses increased to CNY 5,152,249,840.64 in Q3 2023, compared to CNY 5,045,373,878.84 in Q3 2022, marking a growth of 2.1%[21] Inventory and Receivables - Accounts receivable rose to RMB 37.22 billion, up from RMB 33.68 billion at the end of 2022, marking an increase of 10.5%[16] - Inventory decreased to RMB 21.72 billion from RMB 22.89 billion at the end of 2022, a decline of 5.1%[16] Borrowings and Financing Activities - Short-term borrowings increased to RMB 10.74 billion from RMB 9.30 billion at the end of 2022, reflecting a rise of 15.6%[18] - Net cash flow from financing activities was -1,605,676,560.48, an improvement from -4,122,493,377.86 in the same period last year[26] - Total cash outflow from financing activities amounted to 7,992,045,806.43, down from 10,498,738,050.07 year-over-year[26] - The company paid dividends and interest totaling 3,696,470,178.78, compared to 3,751,952,609.42 in the previous year[26]