HAI TIAN(603288)2023-10-30 16:00Financial Performance - The company's revenue for Q3 2023 was approximately CNY 5.68 billion, representing a year-on-year increase of 2.20%[4] - The net profit attributable to shareholders for Q3 2023 was approximately CNY 1.23 billion, showing a decrease of 3.24% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately CNY 1.18 billion, down by 1.87% year-on-year[4] - The basic earnings per share for Q3 2023 was CNY 0.22, a decrease of 4.35% compared to the same period last year[4] - Total operating revenue for Q3 2023 was approximately CNY 5,189,672,103.20, a decrease of 6.4% compared to CNY 5,544,255,718.45 in Q3 2022[19] - Net profit attributable to shareholders for Q3 2023 was CNY 4,328,680,138.35, down from CNY 4,667,097,322.75 in Q3 2022, representing a decline of 7.3%[20] - Total comprehensive income for Q3 2023 was CNY 4,338,866,236.99, down from CNY 4,671,596,343.13 in Q3 2022, reflecting a decrease of 7.1%[20] - Basic earnings per share for Q3 2023 were CNY 0.78, compared to CNY 0.84 in Q3 2022, representing a decline of 7.1%[20] Assets and Liabilities - The total assets as of the end of Q3 2023 were approximately CNY 34.81 billion, an increase of 2.21% from the end of the previous year[5] - Current assets totaled RMB 27,283,655,414.51 as of September 30, 2023, an increase of 1.15% from RMB 26,973,588,408.60 at the end of 2022[14] - Total assets reached RMB 34,810,385,955.47, up from RMB 34,059,175,850.30 at the end of 2022, indicating a growth of 2.20%[16] - Total liabilities decreased to RMB 6,830,723,958.16 from RMB 7,174,696,439.08, reflecting a reduction of 4.79%[16] - The company's cash and cash equivalents were RMB 17,657,875,745.64, down from RMB 18,223,307,402.03, a decline of 3.11%[12] - Inventory as of September 30, 2023, was RMB 2,104,232,079.43, a decrease of 12.06% from RMB 2,391,641,182.47 at the end of 2022[14] - The company's short-term borrowings increased significantly to RMB 366,216,742.70 from RMB 131,720,077.32, marking a rise of 177.61%[15] - Non-current assets totaled RMB 7,526,730,540.96, an increase of 6.24% from RMB 7,085,587,441.70 at the end of 2022[15] - The company's retained earnings rose to RMB 19,444,081,157.07, compared to RMB 19,285,851,426.62 at the end of 2022, reflecting an increase of 0.82%[16] - The total equity attributable to shareholders increased to RMB 27,482,659,552.65 from RMB 26,397,676,525.41, a growth of 4.11%[16] Cash Flow - The net cash flow from operating activities for the year-to-date period increased by 143.59%, primarily due to reduced costs and increased prepayments[7] - Operating cash flow for the first nine months of 2023 was CNY 3,456,158,468.39, an increase from CNY 1,418,855,261.23 in the same period of 2022[21] - The net cash flow from investment activities was -612,756,979.55, a decrease from 1,403,480,544.44 in the previous year[22] - The total cash inflow from financing activities was 1,375,963,461.88, compared to 850,930,931.03 in the same period last year[22] - The net cash flow from financing activities was -2,010,667,788.26, an improvement from -3,094,562,437.78 year-over-year[22] - The cash and cash equivalents at the end of the period amounted to 9,984,768,734.38, down from 13,728,571,470.27 in the previous year[22] - The total cash outflow from investment activities was 11,810,728,584.65, compared to 8,810,175,150.11 in the previous year[22] - The cash inflow from investment activities was 11,197,971,605.10, an increase from 10,213,655,694.55 year-over-year[22] - The cash paid for the acquisition of fixed assets, intangible assets, and other long-term assets was 1,432,211,355.65, compared to 1,024,675,088.07 in the previous year[22] - The cash received from other financing activities was 900,000,000.00, an increase from 700,000,000.00 in the previous year[22] - The cash paid for debt repayment was 124,012,698.21, down from 231,700,000.00 in the previous year[22] Shareholder Information - The company reported a total of 233,535 common shareholders at the end of the reporting period[8] - Guangdong Haid Group Co., Ltd. held 58.26% of the shares, making it the largest shareholder[8] Research and Development - Research and development expenses for Q3 2023 were CNY 501,707,504.94, a decrease of 8.2% from CNY 546,773,968.19 in Q3 2022[19] Operating Expenses - Sales expenses for Q3 2023 were CNY 1,016,114,345.50, slightly up from CNY 1,014,122,481.70 in Q3 2022, indicating a marginal increase of 0.2%[19] - The total operating costs for Q3 2023 were CNY 13,689,808,695.50, a slight decrease from CNY 13,759,767,906.54 in Q3 2022[19] Other Information - The company did not report any significant new product developments or market expansion strategies during this quarter[11] - The company has not adopted new accounting standards for the current year[23]