HEC(SZ:000886)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was CNY 14,215,857.89, a decrease of 65.33% compared to the same period last year[4]. - The net profit attributable to shareholders for Q3 2023 was CNY 4,205,275.82, down 95.88% year-on-year[4]. - The net profit after deducting non-recurring gains and losses was CNY -18,948,115.15, reflecting a significant decline of 1,791.90% compared to the previous year[4]. - Basic earnings per share for Q3 2023 were CNY 0.004, down 96.12% from CNY 0.103 in the same period last year[6]. - The weighted average return on net assets was 0.14%, a decrease of 3.44% compared to the previous year[6]. - The total profit for the first nine months of 2023 was ¥62,613,000.99, down 61.88% year-on-year, attributed to decreased real estate sales profits and reduced investment income from the Qionghai Jiaolong Garden project[13]. - The net profit for Q3 2023 was CNY 46,677,021.35, a decrease of 63.8% compared to CNY 128,913,642.08 in Q3 2022[26]. - Operating profit for Q3 2023 was CNY 63,331,524.46, down from CNY 154,469,306.48 in the same period last year, reflecting a decline of 59.0%[26]. - Investment income for Q3 2023 was CNY 94,927,347.20, down from CNY 119,318,896.59 in Q3 2022[26]. Cash Flow and Assets - The net cash flow from operating activities for the year-to-date was CNY -213,989,563.63, a decrease of 1,454.61% compared to the same period last year[4]. - The company's cash and cash equivalents decreased by 55.52% to ¥692,250,336.05 due to the purchase of structured deposits during the reporting period[12]. - Cash flow from operating activities showed a net outflow of CNY 213,989,563.63, compared to a smaller outflow of CNY 13,764,850.44 in Q3 2022[30]. - Investment activities resulted in a net cash outflow of CNY 416,194,064.69, compared to a smaller outflow of CNY 26,886,868.13 in the previous year[30]. - Total cash and cash equivalents at the end of Q3 2023 were CNY 288,964,087.15, compared to CNY 233,590,316.40 at the end of Q3 2022[30]. - The total current assets amounted to CNY 2,034,547,119.08, down from CNY 2,191,409,470.47 at the beginning of the year, a decrease of 7.1%[22]. - The company's total assets decreased, impacting its overall financial position, with specific figures not disclosed in the provided content[30]. Liabilities and Equity - The company's total liabilities increased significantly, with lease liabilities rising by 2114.31% to ¥17,175,306.25 due to increased lease payments during the reporting period[12]. - The company reported a 100% decrease in long-term receivables, which were reclassified to current assets[12]. - Total liabilities decreased to CNY 310,557,738.39 from CNY 344,465,320.99, a reduction of 9.8%[23]. - The company’s total equity as of September 30, 2023, was CNY 3,016,283,924.80, down from CNY 3,029,935,178.26[23]. - Total equity attributable to shareholders decreased to CNY 3,024,182,641.81 after adjustments[31]. Accounting Changes - The company has undergone a change in accounting policy, which has affected the financial data presented[4]. - The company implemented the new accounting standards starting January 1, 2023, resulting in adjustments to the financial statements, including a deferred tax asset increase to CNY 33,250,887.50[31]. - Total non-current assets increased to CNY 1,182,991,028.78 after adjustments[31]. - Deferred tax liabilities rose to CNY 361,418.48, reflecting an increase due to the new accounting treatment[31]. - Unappropriated profits adjusted to CNY 674,884,866.99, showing a decrease of CNY 280,153.49[31]. - The third quarter report has not been audited[32].