Huati Tech(SH:603679)2023-10-24 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥181,843,458.97, representing an increase of 83.74% compared to the same period last year[5]. - The net profit attributable to shareholders for Q3 2023 was ¥34,730,595.41, a significant increase from ¥445,735.16 in the same period last year, reflecting a growth of 7,691.76%[5][10]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2023 was ¥2,336,530.15, compared to ¥1,316,946.97 in the same period last year[10]. - The net profit attributable to shareholders for the year-to-date period reached ¥21,729,432.72, a significant increase from a loss of ¥21,187,918.23 in the same period last year[11]. - Net profit for the third quarter of 2023 was ¥59,785,856.37, a turnaround from a net loss of ¥15,639,530.83 in the same quarter of 2022[21]. - Total comprehensive income for the third quarter was CNY 59,785,856.37, compared to a loss of CNY 15,639,530.83 in the previous period[22]. - Basic earnings per share for the third quarter was CNY 0.3552, an increase from a loss of CNY 0.1124 in the same period last year[22]. - The basic earnings per share for Q3 2023 was ¥0.2128, up 6,764.52% from the same period last year[6]. - The diluted earnings per share for the year-to-date period was ¥0.3551, compared to a loss of ¥0.1127 in the same period last year, indicating a positive trend in earnings[11]. Assets and Liabilities - The total assets at the end of Q3 2023 amounted to ¥1,515,521,364.69, an increase of 4.11% from the end of the previous year[6]. - The total liabilities for the third quarter of 2023 were ¥601,203,164.26, slightly increasing from ¥598,761,985.92 in the same period last year[18]. - The company's total assets as of the end of the third quarter of 2023 amounted to ¥1,515,521,364.69, up from ¥1,455,746,310.75 at the end of the previous year[19]. - The company’s total liabilities increased to CNY 299,448,523.01 from CNY 282,013,821.51 in the previous year[27]. - The total liabilities increased to CNY 513,640,507.53, up from CNY 485,968,519.38 year-over-year, indicating a growth of approximately 3.4%[30]. Shareholder Information - The equity attributable to shareholders at the end of Q3 2023 was ¥900,655,217.77, reflecting a growth of 7.05% compared to the end of the previous year[6]. - The total number of ordinary shareholders at the end of the reporting period was 14,933[13]. - The largest shareholder, Liang Xi, holds 23,404,943 shares, representing 14.34% of the total shares[14]. - The total equity attributable to shareholders of the parent company increased to ¥900,655,217.77 from ¥841,318,347.10, reflecting a growth of approximately 7.0%[19]. - The company's total equity rose to CNY 931,325,281.10, compared to CNY 867,936,048.60 in the previous year, reflecting an increase of about 7.3%[30]. Cash Flow and Investments - The cash flow from operating activities for the year-to-date period was negative at -¥64,377,004.85[6]. - The cash flow from operating activities for the year-to-date period was -¥64,377,004.85, an improvement from -¥77,203,416.82 in the same period last year, primarily due to increased sales collections[11]. - Cash inflow from operating activities for the first three quarters was CNY 477,267,439.66, up from CNY 337,249,398.50 in the previous year, representing a growth of approximately 41.6%[23]. - Cash flow from operating activities showed a net outflow of CNY 50,995,937.03, an improvement from a net outflow of CNY 83,236,419.59 in the same period last year[33]. - Cash flow from investment activities showed a net outflow of CNY -9,317,487.74, compared to CNY -3,067,970.61 in the previous year[25]. - Investment activities resulted in a net cash outflow of CNY 19,038,860.82, compared to a smaller outflow of CNY 5,171,749.94 in the previous year[34]. Revenue and Costs - The increase in revenue is attributed to new business development and project acceptance, leading to higher income compared to the previous year[10]. - Total operating revenue for the first three quarters of 2023 reached ¥499,392,580.73, a significant increase from ¥306,228,074.90 in the same period of 2022, representing a growth of approximately 63.1%[20]. - Total operating costs for the first three quarters of 2023 were ¥456,801,541.02, compared to ¥311,663,596.92 in the previous year, indicating an increase of about 46.6%[20]. - The company's operating revenue for the first three quarters of 2023 reached CNY 373,457,941.40, a significant increase of 49.5% compared to CNY 249,967,580.36 in the same period of 2022[29]. Research and Development - Research and development expenses for the first three quarters of 2023 were ¥22,389,712.64, compared to ¥20,025,465.63 in the same period of 2022, marking an increase of approximately 11.8%[20]. - Research and development expenses for the first three quarters of 2023 were CNY 18,286,209.59, slightly down from CNY 18,328,704.75 in the same period of 2022[30]. Inventory and Financial Management - The company reported a significant increase in inventory, which rose to ¥126,444,250.45 from ¥103,489,149.29, representing a growth of about 22.1%[19]. - The company's inventory decreased to CNY 64,812,522.71 from CNY 68,479,263.69 in the previous year[27]. - The company's cash and cash equivalents as of September 30, 2023, were ¥150,684,386.99, down from ¥222,458,205.35 at the end of 2022[16]. - The company's cash and cash equivalents decreased to ¥995,306,471.28 from ¥1,007,999,197.22 year-over-year, reflecting a decline of about 1.3%[19]. - The company's financial expenses decreased to ¥1,882,785.95 from ¥5,851,783.71, indicating a reduction of about 67.9%[20]. - The financial expenses decreased significantly to CNY 2,489,538.92 from CNY 6,315,587.51 year-over-year, indicating improved cost management[30].