Haibo(SZ:300517)2023-10-25 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥128,192,242.80, a decrease of 17.01% compared to the same period last year[4] - The net profit attributable to shareholders for Q3 2023 was ¥1,479,223.82, down 83.34% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥883,191.07, a decline of 89.38% compared to the previous year[4] - The basic earnings per share for Q3 2023 was ¥0.01, representing a decrease of 77.78% year-on-year[4] - Total operating revenue for the current period is ¥321,692,798.25, a decrease of 21.5% compared to ¥409,659,656.88 in the previous period[37] - Net profit for the current period is ¥6,226,494.46, a decline of 85.5% from ¥43,130,961.64 in the previous period[38] - The total profit for the current period is ¥5,877,329.83, a decrease of 88.4% from ¥50,758,961.75 in the previous period[38] Assets and Liabilities - The total assets at the end of Q3 2023 were ¥1,633,068,864.56, a decrease of 6.70% from the end of the previous year[4] - The company's current assets decreased from CNY 1,423,577,297.78 to CNY 1,320,986,454.97 during the same period[34] - The company's total liabilities decreased from CNY 719,571,518.38 to CNY 558,377,524.88[35] - The company's equity attributable to shareholders increased from CNY 1,030,786,704.62 to CNY 1,074,691,339.68[36] - The company reported a decrease in cash and cash equivalents from CNY 150,477,185.36 to CNY 97,698,525.14[34] Cash Flow - The cash flow from operating activities showed a net outflow of ¥21,946,314.88, a decline of 186.31% compared to the same period last year[8] - Cash flow from operating activities shows a net outflow of ¥21,946,314.88, compared to a net inflow of ¥25,427,924.69 in the previous period[39] - Cash flow from investing activities resulted in a net outflow of ¥50,476,768.70, worsening from a net outflow of ¥9,417,871.03 in the previous period[39] - Cash flow from financing activities showed a net inflow of ¥43,267,237.37, an increase of 147.06% due to increased bank loans and bill discounts[8] - Cash flow from financing activities generated a net inflow of ¥43,267,237.37, compared to a net outflow of ¥91,945,117.28 in the previous period[40] - The ending cash and cash equivalents balance is ¥73,035,102.31, an increase from ¥64,766,127.71 in the previous period[40] Research and Development - Research and development expenses for Q3 2023 were ¥11,300,690.48, down 47.97% from the previous year[8] - Research and development expenses decreased significantly to ¥11,300,690.48, down 47.9% from ¥21,718,701.59 in the previous period[37] Legal Matters - The company is involved in a legal dispute with Jiangsu Jialong Engineering Construction Co., Ltd., claiming a total of RMB 13,101,685.37 in project payments and RMB 41,265,988.74 in overdue payment penalties[14] - The final judgment on the dispute with Jiangsu Jialong Engineering Construction Co., Ltd. requires them to pay RMB 9,292,002.87 in project payments and RMB 10,372,988.71 in penalties[14] - The company has initiated enforcement proceedings regarding the judgment against Jiangsu Jialong Engineering Construction Co., Ltd. as of September 30, 2023[14] - The company is also in litigation with Chengdu Road and Bridge Engineering Co., Ltd. over a claim for RMB 6,465,610.76 in project payments and RMB 3,509,583.00 in damages[15] - The first-instance judgment in the case against Chengdu Road and Bridge Engineering Co., Ltd. ordered them to pay RMB 1,258,594.71 in project payments and overdue interest[15] - The company has appealed the first-instance judgment against Chengdu Road and Bridge Engineering Co., Ltd., and the case is still pending a second-instance ruling as of September 30, 2023[15] - The company has initiated legal proceedings against China Water Resources and Hydropower Eighth Engineering Bureau for unpaid project payments totaling CNY 9,812,153.00, with a court ruling requiring payment of CNY 4,247,833.40 plus interest[16] - As of September 30, 2023, the company is pursuing arbitration against China Railway Fifth Group for CNY 38,910,878.07 in unpaid project payments, with interest calculated at CNY 2,342,867.20[17] - The company has filed a lawsuit against China Metallurgical South City Construction Engineering Technology Co., Ltd. for a total of CNY 40,607,518.86 in unpaid project payments, which is currently under judicial review[18] - The company is seeking CNY 11,631,578.99 in unpaid project payments from China Railway Fifteenth Bureau Group, with a court ruling requiring payment of CNY 11,583,079 plus interest[19] - The company has initiated legal action against Wuhan Jiangxia Road and Bridge Engineering Co., Ltd. for CNY 9,795,77 in project payments and additional costs totaling CNY 3,382,000 due to project delays[20] - The company has filed for arbitration against China Communications Guangzhou Navigation Bureau for CNY 27,587,770.07 in unpaid project payments, with a ruling requiring partial payment of CNY 14,245,220.90 plus interest[21] - As of September 30, 2023, the company has received a ruling in its favor against China Communications Guangzhou Navigation Bureau, which has begun to fulfill its payment obligations[22] - The company has initiated arbitration against Guangzhou Navigation Bureau Co., Ltd. for unpaid project payments totaling ¥28,490,196.84, with a ruling issued on March 6, 2023, requiring payment of ¥11,715,280.88 plus interest[23] - The company is pursuing legal action against Chengdu Huachuan Highway Construction Group for unpaid project payments of ¥19,345,306.17, with the case still under trial as of September 30, 2023[24] - A lawsuit has been filed against Chengdu Huachuan Highway Construction Group for ¥52,490,269.29 in unpaid project payments, with a first-instance judgment issued on June 30, 2023, ordering payment of ¥52,441,328.28 plus interest[25] - The company has initiated arbitration against China Railway 10th Bureau Group for outstanding project payments of ¥30,499,832.05, with the case still under trial as of September 30, 2023[26] - The company has filed a claim against Hubei Yangtze River Road and Bridge Co., Ltd. for various damages totaling ¥12,438,078.06 and economic losses of ¥14,360,999.80, with the case still under appeal as of September 30, 2023[27] - The company has requested arbitration against Chengdu Huachuan Highway Construction Group for unpaid project payments of ¥11,233,061, with a ruling issued on April 14, 2023, requiring payment plus interest[29] - The company is involved in a legal dispute regarding transportation fees totaling ¥2,818,467, with a first-instance judgment requiring payment of ¥1,671,143.30, which is currently under appeal[30] - The company received a court summons regarding a payment dispute, requiring it to pay CNY 32,885,801.00 plus interest, with an additional claim for damages of CNY 200,000.00[31] - The company signed a contract for the procurement and installation of bridge steel box beams worth CNY 5,968,251.00, and an arbitration ruling mandated the payment of this amount plus interest[32] - The company is currently involved in a legal case with a claim amounting to CNY 1,766,419.33, which is still under trial as of September 30, 2023[33] Corporate Governance and Strategy - The company has a total of 76,387,725 restricted shares at the end of the period, with no changes during the quarter[12] - The company has a total of 76,369,500 shares under lock-up for executives, which will be released at a rate of 25% per year during their tenure[12] - The top ten shareholders hold a significant portion of the company's shares, with Zhang Haibo holding 25,456,500 shares, representing a substantial stake[11] - The company has engaged in financing activities through various shareholder accounts, indicating active participation in the capital market[11] - The third quarter report of Haibo Heavy Engineering Technology Co., Ltd. has not been audited[41] - The company will implement new accounting standards starting from 2023[41] - The financial statement items related to the first year of the new accounting standards have been adjusted[41] - The board of directors announced the third quarter report on October 26, 2023[41] - There are no specific performance summaries or user data provided in the document[41] - Future outlook and performance guidance are not detailed in the report[41] - No information on new product or technology development is available[41] - Market expansion and mergers or acquisitions are not mentioned[41] - Other new strategies are not discussed in the document[41] - The report does not provide any numerical data or percentages related to performance[41]