HFCC(SZ:002806)2023-10-29 16:00Financial Performance - The company's operating revenue for Q3 2023 was CNY 181.76 million, representing a 15.18% increase year-over-year, while the year-to-date revenue reached CNY 521.40 million, up 7.77% compared to the same period last year[6]. - The net profit attributable to shareholders for Q3 2023 was CNY -22.22 million, a decrease of 43.77% year-over-year, and the year-to-date net profit was CNY -51.24 million, down 270.40% compared to the previous year[6]. - The weighted average return on equity was -1.91% for Q3 2023, a decrease of 0.63% compared to the previous year[6]. - Net loss for Q3 2023 was ¥50,090,746.48, compared to a net loss of ¥13,000,930.32 in Q3 2022, indicating a significant decline in profitability[22]. - Basic earnings per share (EPS) for Q3 2023 was -0.2705, down from -0.0726 in Q3 2022, reflecting a decline in profitability[23]. Research and Development - The company's R&D expenses increased by 22.04% year-over-year, amounting to CNY 38.51 million, driven by investments in new energy vehicle technology[10]. - Research and development expenses increased to ¥38,514,074.10, up from ¥31,557,610.64, reflecting a 22% rise year-over-year[21]. Cash Flow and Liquidity - The cash flow from operating activities showed a net outflow of CNY -5.84 million, a decline of 122.21% compared to the previous year, primarily due to increased inventory in the new energy business[10]. - The net cash flow from operating activities was -CNY 5,844,346.98, a significant decrease from CNY 26,319,596.27 in Q3 2022[23]. - Cash inflow from operating activities totaled CNY 253,749,704.27, an increase from CNY 234,343,555.75 in the previous year[23]. - Cash outflow from investing activities was CNY 92,370,204.29, compared to CNY 199,820,436.40 in the same period last year[24]. - The ending balance of cash and cash equivalents was CNY 87,089,383.77, down from CNY 133,419,960.52 at the end of Q3 2022[24]. Assets and Liabilities - The total assets at the end of Q3 2023 were CNY 1,972.87 million, reflecting a 1.72% increase from the end of the previous year[6]. - The total liabilities increased to ¥829,410,767.72, up from ¥746,815,389.16, representing an increase of 11% year-over-year[19]. - The company's equity attributable to shareholders decreased to ¥1,140,383,437.58 from ¥1,189,762,545.62, a decline of approximately 4.1%[19]. - The company's long-term equity investments decreased to CNY 23,132,111.29 from CNY 29,098,552.53, a decline of about 20.5%[17]. Market and Production - The sales revenue from the new energy vehicle segment grew by 12.17% during the reporting period, indicating strong demand and increased production capacity[11]. - The company plans to focus on expanding its market presence and enhancing product development in the upcoming quarters[19]. Regulatory and Compliance - The company is actively working on a comprehensive rectification plan in response to the regulatory warning received in July 2023[16]. - The total liabilities of the company are not explicitly stated in the provided documents, but the company has acknowledged the need for improved financial disclosures following a warning from the regulatory authority[15]. Shareholder Information - The company has a significant shareholder, Tan Guoying, holding 22.60% of the shares, with a portion of her shares pledged[14].