HXPP(SZ:002228)2019-10-30 16:00Financial Performance - Operating revenue for the reporting period was CNY 2,766,140,918.58, down 15.96% year-on-year[7] - Net profit attributable to shareholders of the listed company was CNY 60,706,376.09, a decrease of 1.98% compared to the same period last year[7] - The company reported a total comprehensive income of CNY 69,760,186.02 for Q3 2019, down from CNY 76,899,160.50 in the same quarter last year[51] - Net profit for Q3 2019 was CNY 69,041,403.27, a decline of 8.83% compared to CNY 75,355,689.43 in Q3 2018[50] - The company reported an investment income of $26,645,152.97, an increase of 13.66% from $23,487,679.61 in the previous period[53] - The total profit for the current period is CNY 84.37 million, down from CNY 87.70 million, a decrease of 3.99%[60] Assets and Liabilities - Total assets at the end of the reporting period were CNY 6,854,148,284.21, a decrease of 2.27% compared to the previous year[7] - Total liabilities decreased to CNY 3,628,761,156.72 from CNY 3,989,719,227.55, a decline of approximately 9.1%[41] - The company's total assets increased to CNY 6,308,066,770.91, up from CNY 5,757,546,464.72 in the previous year, reflecting a growth of 9.56%[47] - The company's total current assets were CNY 4.84 billion, while total non-current assets were CNY 2.18 billion[74] - Current liabilities totaled approximately CNY 3.66 billion, with short-term borrowings at CNY 1.09 billion[80] Shareholder Information - Net assets attributable to shareholders of the listed company increased by 7.90% to CNY 2,953,502,763.22[7] - The top ten shareholders held a combined 66.21% of the company's shares, with the largest shareholder holding 33.96%[13] - The company’s total equity attributable to shareholders was CNY 2.74 billion, with retained earnings of CNY 1.10 billion[76] Cash Flow - Cash flow from operating activities increased significantly to CNY 234,034,000.18, a 371.24% increase compared to the previous year[7] - The net cash flow from operating activities increased by 99.26% compared to the same period last year, mainly due to a reduction in procurement amounts[24] - The cash inflow from operating activities totaled CNY 7.38 billion, down from CNY 7.67 billion, a decline of 3.77%[66] - The total cash inflow from financing activities was CNY 1.92 billion, while the cash outflow was CNY 1.95 billion, resulting in a net cash flow of -CNY 29.11 million, compared to a positive net cash flow of CNY 897.73 million in the same period last year[70] Operational Adjustments - The company has made adjustments to its accounting policies due to prior year accounting errors, which have been disclosed in previous announcements[8] - The company terminated the construction of the packaging production base project in Chongqing and initiated a new project for an intelligent eco-friendly packaging production base in Chongqing[25][26] - The company is focused on improving operational efficiency and exploring new market opportunities to drive future growth[7] Research and Development - Research and development expenses for Q3 2019 were CNY 36,173,345.88, up from CNY 30,768,382.48, indicating an increase of 17.49%[49] - The company's research and development expenses decreased to CNY 2.41 million from CNY 4.29 million, indicating a reduction of 43.6%[60] Miscellaneous - The company reported a total of CNY 17,811,963.36 in non-recurring gains and losses for the year-to-date[10] - The company reported no overdue commitments from controlling shareholders or related parties during the reporting period[30] - There were no instances of non-compliance with external guarantees during the reporting period[31] - The company has not undergone an audit for the third quarter report[82] - The report was released on October 29, 2019, by the legal representative Xu Xiaoguang[83]