HHI(SH:601226)2022-10-27 16:00Financial Performance - The company's operating revenue for Q3 2022 was CNY 2,063,129,803.69, representing a year-on-year increase of 13.01%[7] - The net profit attributable to shareholders for the same period was CNY 48,455,496.41, a decrease of 36.53% compared to the previous year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 36,923,866.31, down 48.28% year-on-year[7] - For the first nine months of 2022, the company achieved operating revenue of RMB 5.478 billion, an increase of 7.87% year-on-year, and a net profit attributable to shareholders of RMB 151 million, up 1.79% year-on-year[19] - Total revenue for the first three quarters of 2022 reached ¥5,477,610,792.07, an increase of 7.87% compared to ¥5,077,911,955.87 in the same period of 2021[29] - Operating profit for the first three quarters of 2022 was ¥193,832,724.02, up from ¥159,227,734.04 in 2021, reflecting a growth of 21.76%[32] - Net profit attributable to shareholders of the parent company for the first three quarters of 2022 was ¥150,752,555.19, compared to ¥148,099,090.43 in 2021, indicating a slight increase of 1.12%[32] Assets and Equity - The total assets at the end of the reporting period were CNY 10,827,633,940.44, an increase of 1.52% from the end of the previous year[10] - The equity attributable to shareholders at the end of the reporting period was CNY 4,026,350,977.17, reflecting a 1.31% increase year-on-year[10] - Total assets as of September 30, 2022, amounted to ¥10,827,633,940.44, a slight increase from ¥10,665,487,229.91 at the end of 2021[27] - Current assets totaled ¥8,620,322,733.00 as of September 30, 2022, compared to ¥8,274,709,141.99 at the end of 2021, marking an increase of 4.17%[27] - The company’s total equity as of September 30, 2022, was ¥4,199,520,055.38, an increase from ¥4,020,536,552.74 at the end of 2021, indicating a growth of 4.45%[27] Cash Flow - The net cash flow from operating activities for the year-to-date was CNY -529,148,653.47, a decrease of 7,477.62% compared to the previous year[10] - Net cash flow from operating activities decreased significantly to -$529.15 million compared to $7.17 million in the same period last year, reflecting a decline of approximately 7,400%[37] - Total cash inflow from operating activities was $4.89 billion, down 17.7% from $5.94 billion in the previous year[37] - Cash outflow from operating activities totaled $5.42 billion, a decrease of 8.7% from $5.94 billion year-over-year[37] - The ending cash and cash equivalents balance decreased to $1.29 billion from $1.89 billion in the previous year[39] Research and Development - The company has developed a large-capacity alkaline water electrolysis hydrogen production device and core hydrogen energy materials, enhancing its capabilities in hydrogen energy technology[21] - The company is focusing on research and development in new efficient hydrogen production technologies, including proton exchange membrane electrolysis[21] - Research and development expenses for the first three quarters of 2022 were ¥154,091,942.14, up from ¥127,616,797.37 in 2021, reflecting a growth of 20.73%[32] Government Support and Market Position - The company received government subsidies amounting to CNY 11,419,830.28 during the reporting period, an increase of 467.38% year-on-year[12] - The company is actively involved in the clean and efficient utilization of coal, aligning with national policies to promote coal and new energy optimization[21] - The company is positioned to benefit from the ongoing development of offshore wind power projects, with various provinces implementing subsidy policies to support these initiatives[21] Shareholder Information - The company had a total of 40,560 common shareholders at the end of the reporting period[14] - The basic earnings per share for the year-to-date was CNY 0.1305, a decrease of 2.76% compared to the previous year[10] - The diluted earnings per share for the year-to-date was CNY 0.1301, down 2.44% year-on-year[10] Contracts and Acquisitions - In 2021, the company signed new sales contracts worth RMB 7.329 billion, with RMB 2.087 billion recognized as revenue; however, in the first nine months of 2022, new sales contracts signed decreased by 15.35% to RMB 4.347 billion, with an additional RMB 1.048 billion in bids won but not yet signed[19] - The company completed the acquisition of a 51% stake in Shenzhen General Hydrogen Energy Technology Co., resulting in goodwill of RMB 133 million due to the acquisition cost exceeding the fair value of identifiable net assets[19] Product Development - The new intelligent port machinery products, including eco-friendly and efficient new shore bridges and unloading machines, have been developed, with 100 patents granted, including 22 invention patents[21] - The new shore bridge's main structure has been completed, with overall installation reaching 98% as of the report date[21]