HNTY(SH:900946)2021-10-29 16:00Financial Performance - The company's operating revenue for the third quarter was ¥111,549,905.27, a decrease of 28.94% compared to the same period last year[5]. - The net profit attributable to shareholders was -¥5,212,960.46, with a year-to-date net profit of ¥158,961.26, reflecting a significant decline of 95.34% year-on-year[5]. - Basic earnings per share for the third quarter were -¥0.0049, a decrease of 96.87% year-to-date compared to the previous year[6]. - Net profit for Q3 2021 was CNY 158,961.26, a significant decrease from CNY 3,412,442.12 in Q3 2020, indicating a decline of approximately 95.3%[21]. - Operating profit for Q3 2021 was CNY 114,054.12, down from CNY 3,706,119.33 in Q3 2020, reflecting a decrease of about 96.9%[20]. - Total comprehensive income for Q3 2021 was CNY 158,961.26, down from CNY 3,412,442.12 in Q3 2020, indicating a decline of about 95.3%[22]. Cash Flow and Assets - The net cash flow from operating activities for the year-to-date period was ¥1,285,145.41, down 96.88% compared to the previous year[6]. - Cash flow from operating activities for the first three quarters of 2021 was CNY 1,285,145.41, a significant drop from CNY 41,259,434.55 in the same period of 2020[24]. - The ending cash and cash equivalents balance as of Q3 2021 was CNY 270,118,211.36, a decrease from CNY 336,488,591.92 at the end of Q3 2020[24]. - Total assets at the end of the reporting period were ¥1,096,493,015.39, representing a decrease of 13.83% from the previous year[6]. - Current assets totaled CNY 892,610,501.60, a decline from CNY 1,048,296,951.00 at the end of 2020, reflecting a decrease of approximately 14.9%[15]. - The company reported accounts receivable of approximately 278.44 million and inventory valued at about 143.92 million[26]. Liabilities and Equity - Total liabilities as of September 30, 2021, were CNY 315,361,228.19, down from CNY 493,022,589.16, indicating a decrease of about 36.1%[17]. - Owner's equity stood at approximately 779 million, with an accumulated deficit of about 896 million[28]. - The total equity attributable to shareholders was CNY 781,131,787.20, a slight increase from CNY 779,429,465.80 at the end of 2020[17]. Market Conditions and Competition - The decline in net profit was primarily due to intensified market competition and rising raw material prices, leading to a decrease in sales prices[10]. - There are no indications of market expansion or mergers and acquisitions activities mentioned in the report[14]. Government Support - The company received government subsidies amounting to ¥1,752,187.51 in the current period, with a total of ¥4,631,395.96 year-to-date[10]. Research and Development - Research and development expenses for Q3 2021 were CNY 18,742,040.66, a decrease of approximately 11.8% compared to CNY 21,137,485.31 in Q3 2020[20]. - The company has no significant new product launches or technological developments reported during the quarter[14]. Future Outlook - The company is focusing on expanding its market presence and developing new technologies, although specific details were not provided in the report[29]. - Future outlook includes potential strategies for market expansion and product development, with an emphasis on innovation[29].