HIGHLY(SH:900910)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was CNY 4,194,780,828.40, representing a year-on-year increase of 9.73%[5] - The net profit attributable to shareholders was a loss of CNY 39,422,870.70, with a year-to-date loss of CNY 88,387,490.20, reflecting a significant decline of 246.60% compared to the same period last year[5] - The basic earnings per share for the current period was -CNY 0.04, and for the year-to-date period, it was -CNY 0.08, indicating a decrease of 233.33% year-on-year[6] - The company achieved a total revenue of RMB 13.384 billion in the reporting period, representing a year-on-year growth of 8.02%[13] - Total operating revenue for the first three quarters of 2023 reached CNY 13,384,434,522.00, an increase from CNY 12,390,480,655.42 in the same period of 2022, representing a growth of approximately 8.0%[18] - Operating profit for the first three quarters of 2023 was CNY -151,188,090.61, a decline from CNY -24,550,692.84 in the same period of 2022[20] - The net profit for Q3 2023 was -169,061,812.91 RMB, compared to -18,872,248.64 RMB in Q3 2022, indicating a significant decline in profitability[21] - The total comprehensive income for Q3 2023 was -189,239,179.60 RMB, compared to -118,235,570.20 RMB in the same period last year[22] - Basic and diluted earnings per share for Q3 2023 were both -0.08 RMB, compared to 0.06 RMB in Q3 2022, reflecting a downturn in earnings[22] Assets and Liabilities - The total assets at the end of the reporting period amounted to CNY 21,804,974,802.00, an increase of 7.88% compared to the end of the previous year[6] - Total assets as of September 30, 2023, amounted to ¥9,859,005,314.92, slightly up from ¥9,855,599,075.18 at the end of 2022[26] - Total liabilities as of the end of Q3 2023 were CNY 14,605,527,770.70, up from CNY 12,825,869,657.94 in the previous year, representing an increase of approximately 13.9%[16] - Total liabilities decreased to ¥4,292,932,203.43 from ¥4,453,436,524.39 at the end of 2022, a reduction of approximately 3.61%[26] - The company's equity attributable to shareholders was CNY 5,988,253,158.11 as of Q3 2023, down from CNY 6,096,971,678.66 in the same period of 2022, reflecting a decrease of about 1.8%[16] - The total equity attributable to shareholders increased to ¥5,566,073,111.49 from ¥5,402,162,550.79, reflecting a growth of 3.04%[27] Cash Flow - The net cash flow from operating activities for the year-to-date period was CNY 898,702,045.07, with no comparative data available for the current period[5] - The operating cash flow for the first three quarters of 2023 was 898,702,045.07 RMB, a recovery from -287,290,207.25 RMB in the first three quarters of 2022[23] - The company's cash and cash equivalents as of September 30, 2023, amounted to RMB 3.663 billion, an increase from RMB 3.343 billion at the end of 2022[14] - The company's cash and cash equivalents decreased to CNY 1,272,966,524.02 in Q3 2023 from CNY 969,237,105.89 in Q3 2022, a decline of approximately 31.3%[16] - The company's cash and cash equivalents at the end of the third quarter of 2023 stood at ¥1,423,590,301.81, compared to ¥840,381,574.14 at the end of the same period in 2022[31] - The company reported a significant increase in cash flow from financing activities, with a net cash outflow of -50,530,826.81 RMB in Q3 2023, compared to -833,182,784.82 RMB in Q3 2022, indicating improved financing conditions[23] Operational Highlights - The company reported a significant increase in revenue from its second main business, automotive parts, but faced challenges due to market demand and production adjustments[9] - The company is focusing on improving its product structure and addressing low-margin product sales to enhance profitability moving forward[9] - The company is focusing on expanding its market presence and developing new products in the automotive parts sector[13] - The company plans to focus on enhancing operational efficiency and exploring new market opportunities to drive future growth[21] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 46,986, including 20,902 B shareholders[11] - The top shareholder, Shanghai Electric Holding Group Co., Ltd., holds 283,433,348 shares, accounting for 26.16% of total shares[11] - The top ten shareholders include several investment firms, with the second-largest being Zhuhai Gree Electric Appliances, holding 90,215,564 shares, or 8.33%[11] Research and Development - Research and development expenses for the first three quarters of 2023 amounted to CNY 603,553,879.57, up from CNY 554,914,829.68 in 2022, reflecting an increase of approximately 8.7%[20] - Research and development expenses for the first three quarters of 2023 were ¥721,534.42, significantly higher than ¥186,031.37 in the same period of 2022, marking an increase of 287.56%[28]