HNA Technology(SH:900938)2020-10-30 16:00Financial Performance - Net profit attributable to shareholders of the listed company reached CNY 458,687 thousand, an increase of 66.28% year-on-year[6]. - Basic earnings per share were CNY 0.1582, reflecting a growth of 66.35% compared to CNY 0.0951 in the previous year[6]. - The weighted average return on net assets increased by 1.30 percentage points to 3.34%[6]. - Operating revenue for the period was CNY 236,217,993 thousand, a decrease of 2.43% compared to the previous year[6]. - The company reported a net profit of RMB 979,921 thousand for the period, compared to RMB 521,234 thousand in the previous year, indicating an increase of approximately 88%[24]. - Net profit for Q3 2020 reached CNY 296,381, an increase of 39.7% from CNY 212,175 in Q3 2019[30]. - The net profit for the first three quarters of 2020 was CNY 964,717, an increase of 135.5% from CNY 409,891 in the same period of 2019[30]. Cash Flow - Operating cash flow net amount increased by 149.70% to CNY 7,237,015 thousand compared to the same period last year[6]. - Cash generated from operating activities increased by 149.70% to CNY 7,237,015,000, reflecting improved cash collection[16]. - Operating cash flow for the first nine months of 2020 was 243,008,596 thousand RMB, down from 247,798,276 thousand RMB in the same period of 2019[35]. - Net cash flow from operating activities increased to 7,237,015 thousand RMB from 2,898,269 thousand RMB year-on-year[36]. - Total cash inflow from operating activities was 1,884,512 thousand RMB, compared to 826,532 thousand RMB in the previous year, indicating a significant increase[37]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 121,460,188 thousand, a decrease of 4.90% compared to the end of the previous year[6]. - Total liabilities decreased from RMB 108,835,330 thousand in 2019 to RMB 102,625,137 thousand in 2020, a decline of about 5.7%[24]. - Current liabilities amounted to RMB 83,705,191 thousand as of September 30, 2020, down from RMB 87,652,616 thousand as of December 31, 2019, a decrease of approximately 4.5%[23]. - The company's equity attributable to shareholders decreased from RMB 13,871,360 thousand in 2019 to RMB 13,633,415 thousand in 2020, a decline of about 1.7%[24]. - The company’s total liabilities to total assets ratio improved from approximately 85.2% in 2019 to 84.5% in 2020[24]. Shareholder Information - The total number of shareholders at the end of the reporting period was 114,157[10]. - The largest shareholder, HNA Technology Group Co., Ltd., held 602,006,689 shares, representing 20.76% of the total shares[10]. - Major shareholder Daxin Logistics reduced its holdings by 15,001,000 shares, accounting for 0.52% of the total share capital[11]. Legal and Guarantees - The company provided a guarantee of CNY 1.5 billion for HNA Group, which is currently involved in litigation[17]. - The company is actively responding to legal proceedings related to guarantees provided for HNA Group's obligations[18]. Investment Activities - Investment activities generated a cash outflow of CNY 855,641,000, a decrease of 197.53% compared to the previous year, as there were no recoveries from external investments this period[16]. - The company reported an investment income of CNY 85,159 for the first three quarters of 2020, compared to CNY 61,661 in the same period of 2019[29]. Credit and Impairment - The company reported a significant increase in credit impairment losses, totaling CNY -826,624,000, due to provisions for financial guarantees[15]. - The company incurred a credit impairment loss of -558,037 thousand RMB in Q3 2020[33].