Huate Gas(SH:688268)2023-10-26 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥388,648,218.86, a decrease of 25.14% compared to the same period last year[5] - The net profit attributable to shareholders for Q3 2023 was ¥46,997,222.68, down 30.77% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥44,116,436.19, a decline of 34.05% compared to the previous year[5] - Total operating revenue for the first three quarters of 2023 was CNY 1,129,172,708.40, a decrease of 19.4% compared to CNY 1,402,923,786.54 in the same period of 2022[22] - Net profit for the third quarter of 2023 was CNY 122,277,387.47, a decline of 34.3% from CNY 186,056,507.61 in the same quarter of 2022[23] - Basic earnings per share for the third quarter of 2023 were CNY 1.01, down from CNY 1.55 in the same quarter of 2022[24] Assets and Liabilities - The total assets at the end of Q3 2023 reached ¥3,161,223,731.66, reflecting a growth of 32.02% from the end of the previous year[6] - The total assets of the company as of September 30, 2023, amounted to CNY 3,161,223,731.66, an increase from CNY 2,394,566,121.49 as of December 31, 2022, representing a growth of approximately 32%[17] - Total liabilities as of the end of the third quarter of 2023 amounted to CNY 1,315,468,005.98, an increase from CNY 809,073,799.12 at the end of the previous year[20] - Total equity attributable to shareholders of the parent company was CNY 1,800,755,458.41, up from CNY 1,541,701,279.11 in the previous year[20] - Total current liabilities remained stable at approximately $487.12 million, with no significant changes reported[32] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥102,129,945.38, a decrease of 36.82% year-on-year[6] - The company’s cash flow from operating activities showed a significant change, reflecting the impact of reduced revenue and increased costs[22] - In the first three quarters of 2023, the cash inflow from operating activities was CNY 1,034,402,146.58, a decrease of 20.6% compared to CNY 1,303,861,790.66 in the same period of 2022[26] - The net cash flow from operating activities for the first three quarters of 2023 was CNY 102,129,945.38, down 37% from CNY 161,652,613.25 in the previous year[26] - The total cash inflow from investment activities was CNY 394,304,883.47, a decline of 46% from CNY 731,898,983.53 in the same period last year[27] - The net cash flow from investment activities was -CNY 326,151,205.86, worsening from -CNY 140,344,952.54 in the previous year[27] - The cash inflow from financing activities reached CNY 954,193,435.69, significantly increasing from CNY 199,046,179.80 in the same period of 2022[27] - The net cash flow from financing activities was CNY 620,299,732.83, up from CNY 111,488,650.94 in the previous year[27] Research and Development - The company's R&D expenditure for Q3 2023 was ¥12,685,981.01, a decrease of 20.79% year-on-year, representing 3.26% of operating revenue[6] - Research and development expenses for the first three quarters of 2023 were CNY 35,937,458.43, a decrease of 27.0% compared to CNY 49,313,317.43 in the same period of 2022[22] Market and Strategic Focus - The company experienced a decline in sales revenue due to the normalization of rare gas prices and volumes in 2023 compared to 2022[9] - The company plans to focus on market expansion and new product development in the upcoming quarters to improve financial performance[22] - The company has not disclosed any new product developments or market expansion strategies in this quarter[16] Shareholder and Financial Relationships - There are no significant changes in shareholder relationships or actions reported during this period[15] - The company received CNY 400,000.00 from minority shareholders in the first three quarters of 2023, down from CNY 5,600,000.00 in the same period of 2022[27] - The company paid CNY 271,750,000.00 to repay debts, a significant increase from CNY 11,000,000.00 in the previous year[27]