Huijin(SZ:300368)2023-10-24 16:00Financial Performance - The company's revenue for Q3 2023 was ¥116,740,556.84, representing a 4.40% increase compared to the same period last year, but a 35.44% decrease year-to-date[5]. - The net profit attributable to shareholders for Q3 2023 was -¥32,125,865.07, a decrease of 19.89% year-on-year, with a year-to-date net profit of -¥53,515,509.86, down 9.51%[5]. - The company's basic and diluted earnings per share for Q3 2023 were both -¥0.0608, reflecting a decline of 19.92% year-on-year[5]. - Total operating revenue for Q3 2023 was CNY 311,785,455.38, a decrease of 35.4% compared to CNY 482,929,848.80 in the same period last year[28]. - Net loss for Q3 2023 was CNY 63,502,735.68, compared to a net loss of CNY 63,086,816.21 in Q3 2022[30]. - The company reported a total comprehensive loss of CNY 65,831,901.09 for Q3 2023, compared to a comprehensive loss of CNY 63,513,712.73 in the previous year[30]. Cash Flow and Liquidity - The cash flow from operating activities for the year-to-date period increased significantly by 186.99%, totaling ¥401,761,747.55[5]. - Operating cash inflow for the period was CNY 915,141,283.89, a decrease of 61.0% compared to CNY 2,347,006,521.96 in the previous period[31]. - Net cash flow from operating activities was CNY 401,761,747.55, an increase of 187.5% from CNY 139,990,446.74 year-on-year[31]. - Cash and cash equivalents at the end of the period were CNY 90,656,352.88, down from CNY 142,494,591.33 at the end of the previous period[32]. - Cash received from obtaining loans was CNY 106,000,000.00, a decrease of 85.2% from CNY 716,005,428.12 in the previous period[32]. - The company's cash and cash equivalents decreased by 58.89% to ¥92,717,575.17, mainly due to loan repayments and interest payments[9]. Assets and Liabilities - The total assets as of September 30, 2023, were ¥2,894,973,322.41, a decrease of 14.14% from the end of the previous year[5]. - The company's total liabilities decreased by 14.14% compared to the previous year, primarily due to repayment of short-term loans[9]. - The company's equity attributable to shareholders decreased by 9.23% to ¥549,026,173.41 compared to the end of the previous year[5]. - Total liabilities decreased to CNY 2,288,955,662.14 from CNY 2,700,065,706.70, a reduction of 15.2% year-over-year[27]. - The company's total current assets decreased to CNY 1,535,282,244.83 from CNY 2,026,929,384.40 at the beginning of the year, representing a decline of approximately 24.2%[24]. Operational Efficiency - Operating costs decreased by 39.37% to CNY 221,038,866.39 due to a reduction in operating revenue[10]. - Total operating costs for Q3 2023 were CNY 382,754,512.90, down 31.3% from CNY 558,015,567.76 year-over-year[28]. - Cash paid for purchasing goods and services decreased by 81.90% to CNY 363,768,850.22, corresponding to lower sales[10]. Investments and Shareholder Information - The company completed a capital increase of CNY 50 million for its wholly-owned subsidiary, Hebei Huijin Electromechanical Co., increasing its registered capital to CNY 100 million[21]. - The largest shareholder, Handan Construction Investment Group Co., Ltd., holds 28.93% of shares, amounting to 153,881,000 shares[13]. - Total number of ordinary shareholders at the end of the reporting period was 54,575[13]. Regulatory and Legal Matters - The company is cooperating with law enforcement regarding a fraud case involving its subsidiary, Shenzhen Rongke Industrial Management Co., Ltd., which is currently under investigation[18]. - The company has decided to terminate the issuance of shares to specific targets due to non-compliance with regulatory conditions, pending further investigation results from the China Securities Regulatory Commission[16]. Research and Development - Research and development expenses for Q3 2023 were CNY 12,938,776.69, down 19.5% from CNY 16,154,066.69 in Q3 2022[28].