HAINAN HAIYAO(000566)2024-10-30 12:27Financial Performance - The company's operating revenue for Q3 2024 was ¥211,292,817.77, a decrease of 27.91% compared to the same period last year[2]. - The net profit attributable to shareholders for Q3 2024 was -¥94,879,574.82, representing a decline of 178.30% year-on-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥97,256,904.84, down 79.71% from the previous year[2]. - Total operating revenue for the current period is ¥804.73 million, a decrease of 35.6% compared to ¥1,252.65 million in the previous period[19]. - Net profit for the current period is a loss of ¥313.68 million, compared to a loss of ¥39.39 million in the previous period, indicating a significant decline[20]. - The company reported a total comprehensive loss of ¥314.03 million, compared to a loss of ¥38.05 million in the previous period[20]. - Basic and diluted earnings per share for the current period are both -¥0.2275, compared to -¥0.0189 in the previous period[20]. Assets and Liabilities - Total assets at the end of Q3 2024 amounted to ¥7,288,418,918.96, a decrease of 1.06% from the end of the previous year[2]. - The equity attributable to shareholders decreased by 14.33% to ¥1,766,911,240.66 compared to the end of the previous year[2]. - Current assets decreased to CNY 2,214,624,434.07 from CNY 2,496,244,247.77, indicating a reduction of approximately 11.3%[16]. - Cash and cash equivalents fell to CNY 272,741,302.25 from CNY 366,975,363.95, a decline of about 25.7%[16]. - The company's total liabilities increased to CNY 5,402,082,403.61 from CNY 5,166,171,398.76, reflecting an increase of approximately 4.6%[17]. - The company’s non-current liabilities rose to CNY 1,788,253,855.67 from CNY 1,442,291,176.42, an increase of approximately 24%[17]. - The company reported a net loss in retained earnings, which decreased to CNY -2,399,114,243.69 from CNY -2,103,925,304.34, indicating a worsening financial position[17]. Cash Flow - The company's cash flow from operating activities was -¥67,262,673.90 for the year-to-date period, indicating a significant cash outflow[6]. - Cash flow from operating activities shows a net outflow of ¥67.26 million, contrasting with a net inflow of ¥12.46 million in the previous period[21]. - Cash inflow from operating activities totaled ¥879.60 million, down from ¥1,094.62 million in the previous period, a decrease of 19.6%[21]. - Investment activities resulted in a net cash outflow of ¥87.72 million, compared to a net outflow of ¥72.52 million in the previous period[21]. - Cash inflow from financing activities totaled CNY 3,048,072,741.84, an increase from CNY 2,901,270,000.00 in the previous period, reflecting a growth of approximately 5.1%[22]. - Cash outflow from financing activities was CNY 2,996,409,785.71, slightly decreased from CNY 3,000,964,026.67, indicating a reduction of about 0.2%[22]. - Net cash flow from financing activities was CNY 51,662,956.13, a significant improvement compared to a net outflow of CNY -99,694,026.67 in the previous period[22]. - The company's cash and cash equivalents at the end of the period stood at CNY 200,926,842.96, up from CNY 165,850,491.43 year-over-year[22]. - The company reported a negative net increase in cash and cash equivalents of CNY -102,923,237.49, an improvement from CNY -158,713,982.93 in the previous period[22]. Research and Development - Research and development expenses increased by 39.03% to ¥57,982,852.49, reflecting increased investment in R&D projects[5]. - Research and development expenses increased to ¥57.98 million, up from ¥41.71 million, reflecting a growth of 38.9%[19]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 62,213[7]. - Hainan Huadong Industrial Co., Ltd. holds 22.89% of shares, totaling 296,989,889 shares, with 148,494,944 shares pledged[7]. - Yunnan International Trust Co., Ltd. holds 8.26% of shares, totaling 107,216,412 shares[7]. Legal Matters - The company has initiated legal proceedings against Southern Tongzheng and Haiyao Real Estate Company for unfulfilled contractual obligations, seeking CNY 311,169,942.04 in debt transfer payments and CNY 200,450,000 in principal and penalties[13]. - The company received a court ruling requiring defendants to pay a total of CNY 511,619,942.04, including principal, interest, and penalties, related to the lawsuit filed[13]. Debt Management - The company has a debt transfer agreement with Southern Tongzheng for receivables valued at 446,362,578.91 RMB[9]. - The company received 18 million RMB in cash for debt repayment in 2021, with 13.2 million RMB still owed[10]. - The company is set to receive 19 million RMB in 2022, having received 1.08 million RMB so far, with 17.92 million RMB still owed[10]. - A debt settlement agreement was signed, allowing for the transfer of 101 residential units valued at 13.2 million RMB to settle debts[11]. - A supplementary agreement was reached for the transfer of 110 residential units to cover the remaining 17.92 million RMB debt from 2022[12]. - The total area of the residential units involved in the debt settlement is 11,590.21 square meters[12]. - The company has completed the mortgage registration for the residential units involved in the debt settlement[12]. Audit Status - The company did not undergo an audit for the third quarter report, indicating that the figures are unaudited[22].