HRTN(SZ:000665)2021-10-26 16:00Financial Performance - The company's revenue for Q3 2021 was ¥450,186,259.90, a decrease of 16.70% compared to the same period last year[4] - The net profit attributable to shareholders was -¥114,991,589.49, representing a decline of 102.47% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥115,955,215.14, a significant drop of 3,433.13% compared to the previous year[4] - The basic earnings per share for the period was -¥0.12, down 103.61% year-on-year[5] - Net profit for Q3 2021 was a loss of CNY 192,523,634.49, compared to a loss of CNY 64,798,273.22 in the previous year, representing a significant increase in losses[25] Assets and Liabilities - The total assets at the end of the period were ¥11,752,536,592.98, an increase of 0.68% from the end of the previous year[5] - The company's total assets amounted to CNY 11,752,536,592.98, slightly up from CNY 11,673,737,358.98 at the end of the previous quarter[22] - Total liabilities increased to CNY 5,682,470,774.76, compared to CNY 5,411,494,521.91 in the same period last year, indicating a rise of 5.0%[22] - The company's total non-current assets were CNY 9,355,101,023.33, slightly down from CNY 9,410,923,255.37 year-on-year[22] Cash Flow - The company's cash flow from operating activities showed a net outflow of -¥13,090,414.57 for the year-to-date, a decrease of 104.47%[4] - Cash flow from operating activities was CNY 1,310,324,194.73, down from CNY 1,453,680,265.72 in the previous year, reflecting a decrease of 9.8%[28] - The net cash flow from operating activities for Q3 2021 was -¥13,090,414.57, a significant decrease compared to ¥292,762,862.26 in Q3 2020[29] - Total cash inflow from operating activities was ¥1,468,059,281.19, while cash outflow was ¥1,481,149,695.76, resulting in a net cash flow deficit[29] - Cash flow from investing activities showed a net outflow of -¥477,848,477.67, compared to -¥584,331,721.75 in the previous year[29] - Cash inflow from financing activities was ¥1,028,000,000.00, while cash outflow totaled ¥649,113,985.18, leading to a net cash flow of ¥378,886,014.82[30] Shareholder Information - Total number of common shareholders at the end of the reporting period is 27,518[13] - The top 10 shareholders hold a combined 51.71% of the shares, with Wuhan Broadcasting Television Station holding the largest share at 11.94%[13] Operational Highlights - The company reported a significant increase in contract assets, rising by 577.94% to ¥66,168,924.87, primarily due to increased contract performance costs[10] - The company experienced a 49.32% decrease in accounts payable, totaling ¥120,436,946.71, as a result of paying off maturing notes[10] - The company reported a 79.07% increase in non-operating income, amounting to ¥13,749,689.71, mainly due to an increase in debt restructuring[10] - Accounts receivable increased from ¥777.06 million at the end of 2020 to ¥964.22 million, representing a growth of about 24%[20] - The total current assets increased from ¥2.26 billion at the end of 2020 to ¥2.40 billion, an increase of approximately 5.9%[20] - Long-term equity investments increased from ¥436.61 million to ¥448.85 million, a rise of about 2.8%[20] - The company successfully acquired assets from a related party for ¥364 million, which was approved by the board and shareholders[15] - The company won a bidding project for the "Hubei Satellite TV Signal Transmission and Cable TV Network Business General Agent" with a contract value of ¥87.52 million[16] Other Information - The company did not adjust the initial balance sheet items due to the new leasing standards, as it only has short-term and low-value leases[31] - The third-quarter report was not audited, indicating that the figures may be subject to change upon final review[32] - The company continues to focus on cash flow management amid fluctuating operational performance and investment activities[29]