HWASU(SH:600935)2023-10-27 16:00Financial Performance - The basic earnings per share for the current period is CNY 0.0005, down 85.71% year-on-year, primarily due to a decrease in the sales price of main products[9] - The net profit attributable to shareholders of the listed company for the current period decreased by 85.06% compared to the same period last year[9] - The net profit attributable to shareholders of the listed company for the year-to-date decreased by 110.24% compared to the same period last year[9] - The diluted earnings per share for the current period is CNY -0.0134, down 110.26% year-on-year[9] - Operating revenue for the current reporting period was CNY 1,404,661,898.25, a decrease of 25.44% compared to the same period last year[22] - The net profit attributable to shareholders of the listed company was a loss of CNY 46,904,253.64, representing a decline of 110.24% year-on-year[22] - The basic earnings per share for the third quarter of 2023 was -0.01 RMB/share, compared to 0.13 RMB/share in the same quarter of 2022[49] - The company reported a net loss attributable to shareholders of the parent company of RMB -46,904,253.64 for the third quarter of 2023, contrasting with a net profit of RMB 458,143,383.25 in the same quarter of 2022[49] Cash Flow - The net cash flow from operating activities for the year-to-date is CNY 343,973,874.30, a decrease of 61.37% compared to the previous year[5] - The cash flow from operating activities for the year-to-date has decreased by 61.37% compared to the previous year, attributed to lower sales prices of main products[9] - The net cash flow from operating activities for the first three quarters of 2023 was RMB 3,621,227,954.49, down from RMB 3,939,721,227.59 in the same period of 2022, representing a decrease of 8.1%[50] - Operating cash inflows totaled approximately $3.78 billion, a decrease from $4.03 billion in the previous period, reflecting a decline of about 6.1%[52] - Net cash flow from operating activities was approximately $344 million, down significantly from $890 million, indicating a decline of about 61.2%[52] Assets and Liabilities - The total assets as of the end of the reporting period are CNY 9,002,165,366.12, reflecting a 0.50% increase from the end of the previous year[5] - The company's total assets increased to CNY 9,002,165,366.12, up from CNY 8,957,246,921.94, reflecting a growth of approximately 0.5%[15] - The total liabilities rose to CNY 2,703,731,662.40, compared to CNY 2,477,974,162.37, marking an increase of about 9.1%[16] - The total equity attributable to shareholders of the parent company as of September 30, 2023, was RMB 6,298,433,703.72, a decrease from RMB 6,479,272,759.57 at the end of 2022, reflecting a decline of 2.8%[34] - The total liabilities and equity as of September 30, 2023, amounted to RMB 9,002,165,366.12, slightly up from RMB 8,957,246,921.94 at the end of 2022[34] Inventory and Receivables - Accounts receivable increased to CNY 45,370,901.28 from CNY 25,805,273.54 at the end of the previous year[14] - The company's inventory increased to CNY 389,368,852.81 from CNY 275,296,200.19, indicating a growth of approximately 41.3%[15] Investment Activities - Cash inflows from investment activities were approximately $2 million, a sharp decrease from $328 million, reflecting a decline of about 99.4%[52] - Cash outflows for investment activities rose to approximately $274 million from $727 million, indicating a decrease of about 62.3%[52] Financing Activities - Net cash flow from financing activities was approximately $79.6 million, a significant improvement compared to a net outflow of approximately $1.03 billion in the previous period[53] - The company reported a net increase in cash and cash equivalents of approximately $150.8 million, contrasting with a decrease of about $535.9 million previously[53] - The company received approximately $210.5 million from borrowings, contributing to the financing cash inflows[53] - Cash paid for debt repayment was approximately $738.3 million, highlighting the company's ongoing debt management strategy[53] Research and Development - Research and development expenses increased to RMB 229,820,524.69 in the first three quarters of 2023, compared to RMB 189,877,192.59 in the same period of 2022, marking an increase of 21.0%[47]