HHI(SH:601226)2023-10-26 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥1,563,625,382.41, a decrease of 24.21% compared to the same period last year[6]. - The net profit attributable to shareholders for Q3 2023 was ¥23,436,824.09, down 51.63% year-on-year[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2023 was ¥22,882,370.56, a decline of 38.03% compared to the previous year[6]. - The basic earnings per share for the year-to-date period was ¥0.0710, reflecting a decrease of 45.59%[7]. - For the first nine months of 2023, the company achieved operating revenue of RMB 3.938 billion, a year-on-year decrease of 28.11%[15]. - The net profit attributable to shareholders for the same period was RMB 83 million, down 45.06% year-on-year[15]. - Total revenue for the first three quarters of 2023 was CNY 3,937,713,054.95, a decrease of 28.1% compared to CNY 5,477,610,792.07 in the same period of 2022[25]. - Net profit for the first three quarters of 2023 was CNY 79,434,094.07, down 46.4% from CNY 148,070,578.91 in the first three quarters of 2022[25]. Assets and Liabilities - The total assets at the end of the reporting period were ¥10,213,308,610.52, a decrease of 9.50% from the end of the previous year[7]. - Total assets as of September 30, 2023, were CNY 10,213,308,610.52, down from CNY 11,285,803,732.89 at the end of 2022[22]. - Total liabilities as of September 30, 2023, were CNY 5,857,764,458.20, a decrease from CNY 6,906,208,999.82 at the end of 2022[22]. - The equity attributable to shareholders at the end of the reporting period was ¥4,181,567,506.98, a slight decrease of 0.49%[7]. Cash Flow - The cash flow from operating activities for the year-to-date period was negative at -¥619,529,105.37, indicating a decline of 17.08%[7]. - Operating cash flow for the first three quarters of 2023 was negative CNY 619,529,105.37, compared to negative CNY 529,148,653.47 in the same period of 2022[26]. - The company’s cash and cash equivalents decreased to CNY 1,573,057,679.43 as of September 30, 2023, down 38.9% from CNY 2,577,505,329.06 at the end of 2022[22]. - Cash and cash equivalents at the end of Q3 2023 amounted to $1,496,391,071.78, a decrease from $1,289,290,892.68 in Q3 2022, reflecting a net decrease of $1,009,217,680.35[27]. - The net cash flow from financing activities was -$372,881,799.57 in Q3 2023, compared to -$219,034,133.30 in Q3 2022, indicating a worsening cash flow situation[27]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 35,869[13]. - The largest shareholder, China Huadian Corporation, holds 62.50% of the shares, totaling 729,120,356 shares[13]. Business Development - New signed sales contracts for 2023 reached RMB 5.898 billion, an increase of 35.68% compared to the previous year[15]. - The company established a wholly-owned subsidiary for photovoltaic support production in Inner Mongolia with a registered capital of RMB 50 million[15]. - As of September 2023, the company has made progress on the 200 MW hydrogen production project in Damao Banner and the 3 MW photovoltaic hydrogen production project in Delingha, Qinghai[19]. - The company is advancing the development of new intelligent port machinery products, including a new type of shore bridge, which has been included in the recommended directory of technological innovation achievements[19]. - The new shore bridge project has completed manufacturing, installation, and delivery, and is currently in the debugging phase[19]. - The company is actively involved in the hydrogen energy sector, contributing to national and group-level major technological projects[18]. - The cumulative newly installed capacity of offshore wind power in China reached 31.61 million kW by September 2023, with the company undertaking significant projects in this area[17]. - The company is preparing for the commencement of the 1 million kW offshore wind power project in Jiangsu Province, which received approval on September 25, 2023[17]. Research and Development - Research and development expenses increased to CNY 191,880,898.78 in the first three quarters of 2023, up 24.6% from CNY 154,091,942.14 in the same period of 2022[25].