HSSM(SZ:002290)2023-10-26 16:00Financial Performance - The company's revenue for Q3 2023 reached ¥640,403,776.98, representing an increase of 18.76% compared to the same period last year[4] - Net profit attributable to shareholders was ¥28,117,626.96, up 21.27% year-on-year, while the net profit after deducting non-recurring gains and losses decreased by 5.39% to ¥28,052,393.19[4] - The basic earnings per share for Q3 2023 was ¥0.11, a rise of 22.22% compared to the same period last year[4] - Total operating revenue for the third quarter reached ¥1,703,308,624.39, an increase of 5.3% compared to ¥1,617,617,931.65 in the same period last year[17] - Net profit for the period was ¥84,726,326.47, representing a 20.6% increase from ¥70,295,788.69 in the previous year[18] - Basic and diluted earnings per share improved to ¥0.35, compared to ¥0.29 in the same quarter last year[19] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥1,813,801,944.23, reflecting an 18.61% increase from the end of the previous year[4] - Total current assets reached RMB 1,466,978,661.84, compared to RMB 1,199,471,856.82 at the start of the year, indicating a 22.3% increase[14] - Total current liabilities increased to RMB 914,820,356.15 from RMB 586,348,442.57, a rise of 56%[14] - The total liabilities reached ¥1,115,917,871.09, an increase from ¥914,720,609.67, reflecting a growth in financial obligations[18] - The company’s total non-current assets were RMB 346,823,282.39, compared to RMB 329,715,365.68, showing a 5.2% increase[14] Cash Flow - Cash flow from operating activities for the year-to-date period decreased by 12.29% to ¥168,178,905.55[4] - The company reported a decrease in cash received from sales to ¥882,966,858.07, down from ¥1,079,220,457.55 in the previous year, indicating potential challenges in cash flow[20] - The net cash flow from investment activities was -19,207,753.51 CNY, compared to -9,088,092.98 CNY in the previous period[21] - The total cash inflow from financing activities was 298,137,714.12 CNY, significantly higher than 58,173,000.00 CNY in the prior period[21] - The cash and cash equivalents at the end of the period amounted to 199,047,334.88 CNY, compared to 212,547,831.72 CNY at the end of the previous period[21] Shareholder Information - Total number of common shareholders at the end of the reporting period is 12,862[10] - The company has a significant shareholder, Shanghai Hongyuan Sheng New Energy Technology, holding 20.73% of shares[10] - The company reported a total of 10 major shareholders, with the largest individual shareholder, Zhao Dongming, holding 19.74%[10] Operational Highlights - The company reported a significant increase in short-term borrowings, which rose by 45.99% to ¥83,326,590.28[7] - The total amount of accounts payable increased by 210.62% to ¥558,686,287.74, primarily due to an increase in payables[7] - The company received government subsidies amounting to ¥220,000.00 during the reporting period, contributing to other income[5] - The company’s total inventory as of September 30, 2023, was RMB 418,682,296.68, up from RMB 343,748,565.71, reflecting a 21.8% increase[13] - Research and development expenses increased to ¥55,362,764.58, compared to ¥51,004,202.20 in the same period last year, indicating a focus on innovation[17] Accounting and Reporting - The company did not undergo an audit for the third-quarter report[22] - The company is implementing new accounting standards starting from 2023[22]