Hualan (SZ:301027)2022-10-24 16:00Financial Performance - The company's revenue for Q3 2022 was ¥159,554,011.39, a decrease of 30.76% compared to the same period last year[5] - Net profit attributable to shareholders for Q3 2022 was ¥6,064,822.50, down 77.74% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥5,140,803.41, a decline of 80.19% compared to the previous year[5] - Basic and diluted earnings per share for Q3 2022 were both ¥0.04, down 80.00% year-on-year[5] - Total operating revenue for the third quarter was ¥503,758,674.87, a decrease of 30.3% compared to ¥721,560,326.97 in the same period last year[22] - The net profit for Q3 2022 was CNY 39,415,766.39, a decrease of 51.0% compared to CNY 80,595,186.67 in Q3 2021[23] - The total profit for Q3 2022 was CNY 49,357,508.64, a decrease of 48.7% compared to CNY 96,171,439.27 in Q3 2021[23] Cash Flow and Assets - The operating cash flow net amount for the year-to-date was -¥44,962,282.41, an improvement of 69.53% compared to the same period last year[9] - The net cash flow from operating activities was negative CNY 44,962,282.41, improving from negative CNY 147,571,625.59 year-over-year[25] - Cash and cash equivalents decreased to ¥876,873,761.19 from ¥910,780,676.99 at the beginning of the year[19] - The cash and cash equivalents at the end of the period stood at CNY 699,371,804.31, down from CNY 762,215,563.92 at the end of the previous year[25] - The company reported a net cash outflow from investing activities of negative CNY 35,963,324.93, compared to negative CNY 13,753,646.54 in the previous year[25] - The cash inflow from financing activities was CNY 119,615,125.00, significantly lower than CNY 553,062,641.51 in the same period last year[25] - The company experienced a net cash outflow from financing activities of negative CNY 74,870,330.39, contrasting with a net inflow of CNY 370,231,602.37 in Q3 2021[25] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 15,338[11] - As of September 30, 2022, the total number of shares released from restrictions was 64,524,400, accounting for 43.89% of the company's total share capital after issuance[16] - The company had a total of 133 shareholders participating in the release of restricted shares[16] - The top shareholder, Guangxi Honggui Huizhi Fund Management Co., held 3,000,000 shares, representing 2.04% of the total shares[15] - The second-largest shareholder, Li Xiangci, held 2,000,000 shares, also representing 1.37% of the total shares[15] - The total number of shares held by the top 10 unrestricted shareholders was 12,000,000 shares[15] - The total number of shares held by the top 10 shareholders was 12,000,000 shares, indicating a concentrated ownership structure[15] Operational Challenges - The decline in revenue was primarily due to the impact of the national economic situation and COVID-19, leading to a slowdown in project implementation[9] - The company reported a net profit margin decrease due to rising fixed costs and bad debt provisions[9] Research and Development - Research and development expenses increased to ¥38,264,322.80, up 39.7% from ¥27,362,578.55 in the previous year[22] Company Strategy - The company is actively exploring market expansion strategies and new product development initiatives[17] - The company's financial report for Q3 2022 is pending further details on revenue and profit metrics[17]