HSST(SZ:000707)2023-10-30 16:00Financial Performance - The company's revenue for Q3 2023 was ¥872,178,752.64, a decrease of 12.52% compared to the same period last year[5]. - Net profit attributable to shareholders was ¥157,332,655.58, down 33.38% year-on-year[5]. - The basic earnings per share (EPS) was ¥0.3390, reflecting a decline of 33.37% compared to the previous year[5]. - The company's revenue for the year-to-date period was ¥2,852,509,899.83, down 13.45% year-on-year, primarily due to a decline in product prices[11]. - Total operating revenue for the current period is ¥2,852,509,899.83, a decrease of 13.5% compared to ¥3,295,745,005.96 in the previous period[20]. - Net profit for the current period is ¥455,383,554.07, a decline of 39.4% from ¥751,005,089.17 in the previous period[21]. - Basic and diluted earnings per share for the current period are both ¥0.9811, down from ¥1.6180 in the previous period[22]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,909,920,531.70, an increase of 6.52% from the end of the previous year[5]. - Total assets as of September 30, 2023, are 2,909,920,531.70 RMB, compared to 2,731,856,371.94 RMB at the beginning of the year[18]. - Total liabilities amount to ¥987,898,927.77, a decrease from ¥1,265,599,481.12 in the previous period[21]. - The company's equity attributable to shareholders increased by 31.08% to ¥1,922,021,603.93 compared to the end of the previous year[5]. - Total equity attributable to shareholders of the parent company is ¥1,922,021,603.93, an increase from ¥1,466,256,890.82[21]. Cash Flow - Cash flow from operating activities decreased by 65.44% to ¥311,224,241.30 due to reduced sales revenue and increased receivables[11]. - The net cash flow from operating activities for Q3 2023 was CNY 311,224,241.30, a decrease of 65.4% compared to CNY 900,562,603.87 in Q3 2022[25]. - The total cash outflow from operating activities was CNY 1,999,760,998.06, an increase of 11.8% from CNY 1,788,890,173.71 in Q3 2022[25]. - The cash paid for purchasing goods and services was CNY 1,775,582,732.09, up from CNY 1,533,379,790.76 in the same quarter last year[25]. - The cash paid to employees was CNY 93,032,907.18, slightly higher than CNY 89,551,565.81 in Q3 2022[25]. - The cash paid for taxes was CNY 91,057,048.82, a decrease from CNY 126,745,862.91 in the previous year[25]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 47,861[13]. - Hubei Shuanghuan Chemical Group Co., Ltd. holds 25.11% of shares, with 116,563,210 shares pledged amounting to 57,000,000[13]. - The company has completed the transfer of 36% equity to Changjiang Industrial Investment Group, making it the indirect controlling shareholder[15]. - The actual controller of the company is now the Hubei Provincial State-owned Assets Supervision and Administration Commission[15]. Investment Activities - Total cash inflow from investment activities was CNY 878,623,080.21, significantly higher than CNY 305,530.40 in the same period last year[25]. - The net cash flow from investment activities was -CNY 144,554,108.81, improving from -CNY 485,018,737.07 year-over-year[25]. Operating Costs - The company's operating costs decreased by 6.56% to ¥2,161,920,453.10, attributed to lower prices of key raw materials[11]. - Total operating costs for the current period are ¥2,395,935,363.05, down from ¥2,554,116,159.81, reflecting a reduction of 6.2%[20]. - Research and development expenses increased to ¥125,330,211.80, up from ¥119,168,623.92, indicating a growth of 5.5%[21]. Borrowings - The net cash flow from financing activities decreased by 56.80% to -¥341,900,765.17, mainly due to increased loan repayments[11]. - Long-term borrowings increased to ¥400,261,000.00 from ¥221,485,000.00, reflecting an increase of 80.9%[21]. - Short-term borrowings significantly decreased to 20,000,000.00 RMB from 270,723,205.23 RMB[18].