HHI(SH:601226)2020-10-27 16:00Financial Performance - Operating revenue for the period from January to September was CNY 5,702,006,757.40, an increase of 20.56% year-on-year[17]. - Net profit attributable to shareholders was CNY 30,960,049.42, a decrease of 45.47% compared to the same period last year[17]. - Basic and diluted earnings per share were both CNY 0.027, down 46.00% from the previous year[17]. - The company reported a net profit of ¥30,960,000 for the first nine months of 2020, a decrease of 45.47% year-on-year[31]. - Operating revenue for the first nine months of 2020 was ¥5.702 billion, an increase of 20.56% compared to the previous year[31]. - The net profit attributable to shareholders for Q3 2020 was CNY 55,739,377.21, compared to CNY 30,283,615.91 in Q3 2019, representing an increase of 84.3%[42]. - Total operating revenue for Q3 2020 reached CNY 1,646,495,414.92, up from CNY 1,345,950,745.12 in Q3 2019, indicating a growth of 22.4%[45]. - The operating profit for Q3 2020 was CNY 65,709,489.57, compared to CNY 32,061,385.13 in Q3 2019, reflecting an increase of 105.5%[48]. - The total profit for Q3 2020 was CNY 66,365,838.19, compared to CNY 32,059,820.44 in Q3 2019, marking an increase of 106.7%[48]. Cash Flow and Liquidity - Net cash flow from operating activities was negative CNY 506,340,998.17, a decline of 449.85% year-on-year[17]. - Cash flow from operating activities for the first nine months of 2020 was CNY 5,192,824,028.67, compared to CNY 4,302,983,809.99 in the same period of 2019, an increase of 20.7%[50]. - The company reported a net cash outflow from operating activities of CNY -506,340,998.17 for Q3 2020, compared to a net inflow of CNY 144,732,465.79 in Q3 2019[50]. - The ending balance of cash and cash equivalents decreased to 851,905,474.35 RMB from 1,091,918,266.00 RMB year-over-year, a decline of approximately 22.0%[57]. - The cash and cash equivalents decreased by 39.35% to ¥1,050,919,525.61 from ¥1,732,824,021.00 due to seasonal cash payments from main business operations[22]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 9,064,048,860.05, a decrease of 1.13% compared to the end of the previous year[17]. - The company's total liabilities decreased to ¥5,413,245,431.57 from ¥5,513,609,606.75 year-over-year[36]. - The total liabilities of the company stood at 5,513,609,606.75 RMB, remaining unchanged from the previous year, indicating stable leverage[59]. - The total amount of accounts payable was CNY 1,858,010,816.54, showing the company's obligations to suppliers[62]. - The company reported a significant increase in contract assets, amounting to CNY 2,209,569,040.85, indicating growth in future revenue recognition[60]. Shareholder Information - The total number of shareholders at the end of the reporting period was 34,592[19]. - The largest shareholder, China Huadian Corporation, held 63.13% of the shares[19]. - Shareholders' equity totaled CNY 3,518,679,901.75, reflecting the company's financial stability[62]. Operational Changes and Future Plans - The company plans to acquire 100% equity of Huadian Zhengzhou Mechanical Design Institute to enhance its technical strength and market competitiveness[26]. - The company is actively developing new businesses such as offshore wind power and intelligent transportation to adapt to national energy industry trends[31]. - The company plans to expand its market presence and invest in new technologies to enhance operational efficiency[39]. Inventory and Receivables - Inventory decreased by 59.09% to ¥871,891,271.13 from ¥2,131,301,551.39, influenced by the implementation of new revenue recognition standards[22]. - Accounts receivable financing dropped by 42.68% to ¥210,422,241.91 from ¥367,095,916.84, attributed to the maturity and endorsement transfer of notes[22]. - Accounts receivable decreased to ¥2,337,330,270.46 from ¥2,524,065,400.29, a reduction of about 7.4%[34]. - The company reported a decrease in tax payable by CNY 66,475,363.49, which may affect cash flow management[62].