HYC(SH:688001)2020-01-19 16:00Financial Performance - Operating revenue for the first nine months was ¥993,753,211.82, representing a growth of 33.67% year-on-year[18] - Net profit attributable to shareholders was ¥183,483,347.55, a decrease of 8.72% compared to the same period last year[18] - Basic earnings per share decreased by 10.71% to ¥0.5[20] - Diluted earnings per share also decreased by 10.71% to ¥0.5[20] - Net profit after deducting non-recurring gains and losses was ¥178,631,689.59, down 11.92% year-on-year[20] - The weighted average return on net assets was 16.17%, a decrease of 9.99 percentage points compared to the previous year[20] - The net profit for the reporting period decreased by 8.72% year-on-year due to increased costs in personnel, R&D, and management, despite rising revenue[31] - The net profit for the current period is 24,718,128.09 CNY, down from 94,549,989.76 CNY in the same period last year, indicating a decline of approximately 73.8%[74] Cash Flow - Net cash flow from operating activities was -¥247,125,523.27, a decline of 362.45% compared to the previous year[18] - The net cash flow from operating activities decreased by 341,285,289.61 RMB, a decline of 362.45%, due to increased credit terms for customers and significant changes in product structure[40] - The cash flow from operating activities shows a net outflow of -247,125,523.27 CNY, contrasting with a positive inflow of 94,159,766.34 CNY in the previous year[76] - The cash outflow for operating activities increased to 978,626,646.46 CNY, compared to 654,892,626.19 CNY in the same period last year, marking a rise of approximately 49.4%[76] - The cash flow from investing activities resulted in a net outflow of -659,863,768.64 CNY, compared to -147,586,000.13 CNY in the previous year, indicating a significant increase in investment expenditures[79] - The cash flow from financing activities generated a net inflow of 727,886,481.13 CNY, a substantial increase from -18,155,908.33 CNY in the previous year[79] Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,124,106,090.31, an increase of 70.85% compared to the end of the previous year[18] - Accounts receivable increased by 117.11% to RMB 700.25 million, primarily due to significant revenue growth[32] - Cash and cash equivalents decreased by 48.32% to RMB 192.06 million, attributed to increased material procurement costs and longer payment cycles[32] - The company's capital reserve increased by 270.19% to RMB 1.15 billion, mainly due to funds raised from the public offering and listing on the Shanghai Stock Exchange[36] - Current liabilities decreased to CNY 226,881,795.95 from CNY 323,481,535.03 in the previous year[61] - The company's total equity attributable to shareholders reached CNY 1,901,941,996.13, compared to CNY 911,301,061.28 in the previous year[59] Expenses - Operating costs rose by 59.36% to RMB 508.64 million, reflecting the company's expansion and increased competition in the market[37] - R&D expenses increased by 45.56% to RMB 122.95 million, indicating a focus on innovation and product development[37] - Sales expenses increased by 22,237,778.68 RMB, a growth of 66.23%, driven by the expansion of the domestic sales team and efforts to enhance international customer satisfaction[39] - Management expenses rose by 29,086,812.11 RMB, an increase of 47.43%, attributed to the expansion of management personnel and increased depreciation and maintenance costs from a new office building[39] - The company experienced a net investment income of ¥40,500 in Q3 2019, a recovery from a loss of -¥4,492,574.56 in Q3 2018[71] Government Support and Fair Value Changes - The company received government subsidies amounting to ¥3,512,676.32 during the reporting period[22] - The company reported a total of ¥542,880.00 in gains from fair value changes of financial assets[22]