HY(SH:601020)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥254,246,337.30, a decrease of 15.13% compared to the same period last year[7]. - Net profit attributable to shareholders was ¥42,255,835.83, down 54.38% year-on-year[7]. - The net profit after deducting non-recurring gains and losses was ¥40,323,956.41, a decline of 58.01% compared to the previous year[7]. - Basic earnings per share for the current period was ¥0.054, a decrease of 66.25% year-on-year[7]. - Total operating revenue for the first three quarters of 2023 reached ¥703,566,757.62, a significant increase of 27.4% compared to ¥552,366,664.80 in the same period of 2022[28]. - Net profit for the first three quarters of 2023 was ¥112,453,520.15, a decrease of 30.2% from ¥161,213,042.17 in the same period of 2022[30]. - The total comprehensive income for Q3 2023 was CNY 112,453,520.15, compared to CNY 161,213,042.17 in Q3 2022, indicating a decrease of approximately 30.2%[31]. - The net profit attributable to the parent company for Q3 2023 was CNY 124,743,696.75, a decrease from CNY 141,118,644.21 in Q3 2022, representing a decline of approximately 11.5%[31]. Assets and Liabilities - Total assets at the end of the period were ¥5,269,096,322.57, a decrease of 1.14% from the end of the previous year[9]. - The company's total assets as of the end of the reporting period amounted to ¥5,269,096,322.57, slightly down from ¥5,329,613,228.27 at the end of the previous period[26]. - Total liabilities decreased to ¥1,587,909,292.96 from ¥1,840,012,008.35, indicating a reduction of approximately 13.7%[26]. - The total assets decreased to CNY 4,274,670,435.95 from CNY 4,327,751,119.06, reflecting a decline of 1.2%[41]. - The total liabilities decreased to CNY 1,817,625,366.22 from CNY 1,938,364,882.31, a reduction of 6.2%[41]. Cash Flow - Cash flow from operating activities for the year-to-date was ¥234,505,330.76, down 31.08% year-on-year[7]. - The total cash inflow from operating activities for the first three quarters of 2023 was CNY 777,159,769.77, compared to CNY 750,643,706.41 in the same period of 2022, reflecting an increase of about 3.5%[33]. - The net cash flow from operating activities for the first three quarters of 2023 was CNY 234,505,330.76, down from CNY 340,278,753.43 in the previous year, a decrease of approximately 30.9%[33]. - The cash inflow from other operating activities decreased significantly to CNY 13,509,513.82 in the first three quarters of 2023 from CNY 68,362,449.11 in the same period of 2022, a decline of approximately 80.3%[33]. - The net cash flow from operating activities for the first three quarters of 2023 was CNY 182,668,156.28, down 52.3% from CNY 383,875,286.26 in the previous year[47]. Shareholder Information - As of September 30, 2023, the total number of common shareholders is 43,725[17]. - Tibet Daoheng Investment Co., Ltd. holds 128,075,681 shares, accounting for 16.27% of the total share capital, with 62,566,000 shares pledged, representing 48.85% of its holdings and 7.95% of the total share capital[18]. - The company has not reported any significant changes in shareholder relationships or actions[18]. Investments and Expenses - Research and development expenses for the first three quarters of 2023 were ¥13,344,296.88, indicating ongoing investment in innovation[30]. - The company reported a significant increase in tax expenses, which rose to ¥15,269,662.30 from ¥10,097,111.00, reflecting a year-on-year increase of 51.5%[30]. - The cash paid for purchasing goods and services rose to CNY 157,768,983.94, up from CNY 98,051,541.96 in the previous year[47]. Inventory and Receivables - Accounts receivable increased from ¥642,566.89 to ¥3,960,240.17 during the same period[22]. - Inventory decreased from ¥177,539,175.84 to ¥153,032,107.61[22]. - The company's inventory decreased to CNY 34,068,606.58 from CNY 57,973,138.59, a reduction of 41.1%[41]. - Total current assets decreased from ¥394,836,870.57 to ¥324,053,636.88[22]. Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[29].