HQTI(SH:688281)2023-10-30 16:00Financial Performance - The company's operating revenue for Q3 2023 was RMB 220,103,220.41, representing a year-on-year increase of 37.17%[3] - The net profit attributable to shareholders for the same period was RMB 86,895,473.17, reflecting a growth of 14.68% compared to the previous year[3] - The net profit after deducting non-recurring gains and losses was RMB 83,507,505.40, with a year-on-year increase of 13.94%[3] - Total operating revenue for the first three quarters of 2023 reached ¥602,011,389.42, a 39.73% increase compared to the same period in 2022[30] - The net profit for the first three quarters of 2023 reached CNY 264,848,136.25, an increase of approximately 32.6% compared to CNY 199,781,787.56 in the same period of 2022[32] - The net profit for the first three quarters of 2023 was ¥280,821,973.34, compared to ¥200,000,320.42 in the same period of 2022, reflecting a 40.4% increase[42] Assets and Liabilities - The total assets at the end of the reporting period reached RMB 4,748,668,218.36, marking a 12.54% increase from the end of the previous year[17] - The total assets as of September 30, 2023, amounted to ¥4,748,668,218.36, up from ¥4,219,385,480.39[27] - The total liabilities increased to ¥408,066,538.47 in 2023 from ¥356,600,553.14 in 2022, indicating a growth of 14.4%[41] - The total assets rose to ¥4,460,228,068.05 in 2023, up from ¥4,161,540,110.34 in 2022, marking a 7.2% increase[41] Equity and Earnings Per Share - The total equity attributable to shareholders was RMB 4,041,119,080.28, up 6.23% from the previous year[17] - Basic and diluted earnings per share for Q3 2023 were both RMB 0.62, showing a decrease of 12.68% year-on-year[17] - Basic and diluted earnings per share for the period were both CNY 1.95, up from CNY 1.86 in the previous year, reflecting an increase of about 4.8%[33] Cash Flow - The company reported a net cash flow from operating activities of RMB -72,880,173.26 for the year-to-date, indicating a significant change of 103.85% year-on-year[3] - Cash flow from operating activities totaled CNY 416,041,961.18, significantly higher than CNY 289,106,773.80 in the previous year, marking a growth of about 43.9%[35] - The net cash flow from operating activities for the period was CNY 103.85 million, mainly due to increased material purchases and tax payments[48] - The net cash flow from investing activities was CNY 102.33 million, primarily due to increased redemption of financial products[48] - The net cash flow from financing activities was -CNY 96.29 million, mainly due to funds received from the previous IPO[48] Research and Development - Research and development expenses amounted to RMB 24,714,554.47, which is 11.23% of operating revenue, an increase of 0.60 percentage points year-on-year[17] - Research and development expenses increased to CNY 57,648,604.29, up from CNY 47,052,385.24, reflecting a growth of about 22.0%[32] - Research and development expenses for the first three quarters of 2023 were ¥46,375,587.27, slightly down from ¥47,052,385.24 in the same period of 2022[41] Inventory and Receivables - Accounts receivable increased by 87.13% due to increased sales scale and customer payment characteristics[20] - Inventory rose by 105.03% as a result of increased orders and stockpiling[20] - The company reported an increase in accounts receivable to CNY 703,543,465.26 from CNY 375,974,786.78, indicating a growth of approximately 87.0%[39] - Long-term equity investments rose to CNY 426,050,000.00 from CNY 170,200,000.00, reflecting a significant increase of about 150.0%[39] Financial Strategy and Expenses - The company recognized government subsidies of RMB 2,309,792.64 during the reporting period, contributing to its financial performance[6] - The company experienced a significant increase in other receivables, which rose by 137.11% due to increased deposits and bid guarantees[20] - The company’s financial expenses increased by 69.10% due to higher interest income from monetary funds[20] - Long-term borrowings reached ¥107,731,337.19, indicating a new financing strategy[27] Other Financial Metrics - The weighted average return on net assets was 2.17%, an increase of 0.08 percentage points compared to the previous year[17] - The total comprehensive income for the period was CNY 264,848,136.25, compared to CNY 199,781,787.56, indicating an increase of approximately 32.6%[33] - The cash and cash equivalents balance at the end of September 2023 was CNY 964,611,160.46, compared to CNY 755,749,397.02 at the end of 2022, showing an increase of approximately 27.6%[38]