HIUV(SH:688680)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was CNY 1,549,189,293.94, representing a year-on-year increase of 17.53%[5] - The net profit attributable to shareholders was a loss of CNY 41,153,848.49, a decrease of 156.47% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of CNY 51,958,407.61, a decrease of 180.55% year-on-year[5] - The basic earnings per share for the year-to-date period was -CNY 0.90, a decrease of 156.60% compared to the previous year[6] - The diluted earnings per share for the year-to-date period was -CNY 0.86, a decrease of 154.09% year-on-year[6] - Net profit for Q3 2023 was a loss of ¥75,313,640.62, compared to a profit of ¥133,377,490.14 in Q3 2022, reflecting a significant decline[21] - The company reported a net loss attributable to the parent company of approximately -¥73.74 million for Q3 2023, compared to a profit of ¥133.38 million in Q3 2022, indicating a significant decline[26] - Basic earnings per share for Q3 2023 were -¥0.90, down from ¥1.59 in Q3 2022, reflecting a negative performance shift[26] Assets and Liabilities - The total assets at the end of the reporting period were CNY 6,491,401,369.46, an increase of 0.21% from the end of the previous year[6] - As of September 30, 2023, the company's total current assets amounted to RMB 5,170,358,759.92, a decrease from RMB 5,423,438,266.28 at the end of 2022, reflecting a decline of approximately 4.65%[15] - The company's cash and cash equivalents were reported at RMB 479,817,916.40, down from RMB 631,387,455.32, indicating a decrease of about 24.0%[15] - The company’s long-term equity investments were valued at RMB 33,416,544.32 as of September 30, 2023[15] - Total assets increased to ¥6,491,401,369.46, up from ¥6,477,827,753.46 year-over-year[16] - Total liabilities rose to ¥4,113,669,083.96, compared to ¥3,996,045,549.77 in the previous year[17] - The total equity attributable to shareholders decreased to ¥2,377,732,285.50 from ¥2,481,782,203.69, indicating a decline in shareholder value[17] Cash Flow - The cash flow from operating activities for the year-to-date period was CNY 1,730,464,894.33, with significant changes attributed to inventory management[6] - The net cash flow from operating activities for the first three quarters of 2023 was -¥1.73 billion, an improvement compared to -¥2.72 billion in the same period of 2022[25] - The company incurred total cash outflows from investing activities of approximately ¥217.97 million in the first three quarters of 2023, compared to ¥79.30 million in the same period of 2022[25] - Cash inflows from financing activities for the first three quarters of 2023 totaled approximately ¥2.73 billion, down from ¥3.63 billion in the same period of 2022[26] - The net cash flow from financing activities for Q3 2023 was approximately ¥1.73 billion, a decrease from ¥2.79 billion in Q3 2022[26] Research and Development - The company's R&D investment totaled CNY 65,779,442.40, accounting for 4.25% of operating revenue, a decrease of 0.35 percentage points[6] - Research and development expenses for Q3 2023 were ¥111,118,339.53, down from ¥113,541,786.44 in Q3 2022, showing a reduction in R&D spending[20] Inventory and Receivables - The company reported a significant asset impairment loss due to high inventory costs and declining product order prices[10] - Inventory decreased significantly from RMB 1,325,303,986.98 to RMB 954,127,719.39, a reduction of around 28.0%[15] - Accounts receivable increased to RMB 1,568,443,461.20 from RMB 1,486,470,527.33, representing a growth of approximately 5.8%[15] - The company reported a significant increase in prepayments, which rose to RMB 312,315,108.49 from RMB 108,480,511.42, marking an increase of approximately 187.5%[15] Shareholder Information - The company has repurchased a total of 236,506 shares, accounting for 0.28% of the total share capital, with a total expenditure of RMB 19,996,913.82[14] - The top shareholder, Li Min, holds 20,020,120 shares, representing 23.83% of the total shares[12] - The total number of shareholders at the end of the reporting period was 8,483, with no preferred shareholders[12]