HDHM(SZ:002685)2019-10-29 16:00Financial Performance - Operating revenue for the current period was CNY 3,627,947,048.30, representing a 7.75% increase year-on-year[7] - Net profit attributable to shareholders decreased by 32.31% to CNY 62,798,109.69 compared to the same period last year[7] - Basic earnings per share fell by 32.36% to CNY 0.0623[7] - The weighted average return on equity decreased to 1.33%, down by 0.68% from the previous year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 61,009,314.17, down 31.68% year-on-year[7] - Total operating revenue for Q3 2019 was CNY 3,627,947,048.30, an increase of 7.74% compared to CNY 3,366,996,225.65 in Q3 2018[40] - Net profit for Q3 2019 was CNY 70,487,179.90, a decrease of 33.88% from CNY 106,575,884.96 in Q3 2018[41] - The total comprehensive income for the year-to-date period reached ¥70,521,943.52, compared to ¥106,753,150.55 in the previous year, indicating a decrease of 34.0%[42] Cash Flow - The net cash flow from operating activities was negative at CNY -106,864,053.38, a decline of 244.03%[7] - The cash flow from operating activities for the current period is CNY 10,302,665,573.25, an increase from CNY 7,289,577,909.45 in the previous period[56] - The net cash flow from operating activities is negative at CNY -128,470,971.75, slightly improved from CNY -143,570,648.57 in the previous period[56] - The cash inflow from financing activities was 125,000,000.00 yuan, indicating new financing initiatives[62] - The total cash outflow from financing activities was 226,441,886.22 yuan, compared to 42,905,663.08 yuan in the previous period, reflecting increased financing efforts[62] Assets and Liabilities - Total assets increased by 10.59% to CNY 6,562,317,822.10 compared to the end of the previous year[7] - The company's total assets as of September 30, 2019, amounted to CNY 4,492,660,417.14, slightly up from CNY 4,448,290,482.74 at the end of 2018[38] - The company's total liabilities increased to CNY 1,700,073,452.61 from CNY 1,207,045,094.68, marking a significant rise of about 41%[32] - The total liabilities as of September 30, 2019, were CNY 236,467,220.62, compared to CNY 221,701,290.46 at the end of 2018, indicating a rise of 6.00%[37] - The total owner's equity reached CNY 4,726,870,561.74, including a capital reserve of CNY 3,024,039,763.82[67] Shareholder Information - The company reported a total of 38,881 common shareholders at the end of the reporting period[11] - The largest shareholder, Wuxi Huadong Heavy Machinery Technology Group Co., Ltd., holds 21.67% of the shares[11] Government Subsidies and Other Income - The company received government subsidies amounting to CNY 27,650,000.15 during the reporting period[8] - Other income increased by 92.47% to ¥32,374,677.93, primarily due to higher government subsidies received during the reporting period[17] Investment and Financing Activities - The financing activities generated a net cash inflow of ¥116,798,999.48, a remarkable increase of 2737.32% compared to the previous inflow of ¥4,116,530.95, driven by operational growth[17] - The company received CNY 1,385,650,000.00 from investment recoveries, up from CNY 932,380,000.00 in the previous period, reflecting a growth of approximately 48%[56] Research and Development - The company reported a decrease in research and development expenses to CNY 11,178,665.98 from CNY 18,497,149.30, a reduction of 39.66% year-over-year[40] - Research and development expenses for the third quarter amounted to ¥3,561,828.87, down 26.7% from ¥4,860,689.40 in the same period last year[44] Inventory and Current Assets - Current assets totaled CNY 1,045,006,100.99, with inventory valued at CNY 262,774,912.60[69] - The company’s inventory decreased to CNY 211,687,106.92 from CNY 262,774,912.60, a decline of 19.48%[35]