HCET(002729)2023-10-30 16:00Financial Performance - The company's revenue for Q3 2023 was ¥66,935,860.20, representing a year-on-year increase of 10.23%[5] - Net profit attributable to shareholders for Q3 2023 was ¥9,205,134.65, a significant increase of 71.57% compared to the same period last year[5] - The basic earnings per share for Q3 2023 was ¥0.05, up by 66.67% year-on-year[5] - Total operating revenue for Q3 2023 reached CNY 193,409,239.77, an increase of 7.35% compared to CNY 180,082,867.20 in the same period last year[30] - Net profit for Q3 2023 was CNY 17,391,509.97, a decrease of 10.14% from CNY 19,353,859.74 in Q3 2022[31] - Earnings per share for Q3 2023 were CNY 0.10, down from CNY 0.12 in the previous year[31] - The total comprehensive income for Q3 2023 was CNY 17,735,083.09, compared to CNY 20,921,765.42 in Q3 2022[31] Assets and Liabilities - Total assets at the end of Q3 2023 reached ¥601,302,709.85, reflecting a 2.71% increase from the end of the previous year[5] - The company's total liabilities as of the end of Q3 2023 were CNY 112,555,743.17, slightly down from CNY 114,438,400.01 at the end of Q2 2023[28] - Total equity increased to CNY 488,746,966.68 from CNY 471,011,883.59 in the previous quarter[28] - The company’s total equity attributable to shareholders was ¥487,897,059.26, up 3.78% from the end of the previous year[5] Cash Flow - The net cash flow from operating activities for the first nine months of 2023 was -20,306,137.31 RMB, a decrease of 506.02% compared to 5,001,212.67 RMB in the same period of 2022[15] - Operating cash inflow for the period was CNY 166,672,001.43, an increase of 5.3% compared to CNY 158,172,705.51 in the previous period[32] - Cash inflow from investment activities totaled CNY 85,686,830.34, significantly up from CNY 25,322,841.64 in the previous year[33] - Net cash flow from investment activities was CNY 72,279,753.21, a turnaround from a negative CNY 40,284,476.22 in the prior period[33] - Cash inflow from financing activities was CNY 29,478,910.00, down from CNY 32,250,000.00 in the previous year[33] - Net cash flow from financing activities increased to CNY 4,231,300.57, compared to CNY 2,407,872.65 in the same period last year[33] Expenses - Sales expenses for the first nine months of 2023 were ¥6,762,817.30, a 49.89% increase compared to the same period in 2022, attributed to expanded sales personnel and increased travel and entertainment costs[12] - Total operating costs amounted to CNY 184,025,385.04, up 13.52% from CNY 162,082,807.11 year-on-year[30] - Research and development expenses for Q3 2023 were CNY 15,066,807.46, a slight decrease from CNY 15,494,713.85 in Q3 2022[30] Investments and Acquisitions - Investment income surged to ¥7,029,561.22 for the first nine months of 2023, marking an increase of 11,090.63% year-on-year due to the sale of equity in joint ventures[12] - The company plans to acquire a controlling stake in Shanghai Jiaxing Automotive Service Co., Ltd. through a combination of issuing shares and cash payments, pending necessary approvals[19] - The company completed the transfer of a 31.8182% stake in Hefei Qusu Super Dimension Integrated Circuit Co., Ltd. for CNY 70 million, reducing its ownership from 50.05% to 18.2318%[24] - The company received a total of CNY 10 million for the transfer of its 20% stake in Hefei Haoli Chaosheng Venture Capital Partnership, completing the transaction in September 2023[23] Asset Management - The company has focused on optimizing its asset structure and enhancing liquidity through strategic divestitures and partnerships[22] - The company has engaged in advisory roles for its former investments, ensuring continued involvement in the management of transferred assets[22] - The company reported a significant decrease in short-term borrowings by 38.23%, amounting to ¥20,019,999.99, due to repayments of bank loans[10] - The company reported a decrease in impairment losses on assets by 89.49%, amounting to -189,966.25 RMB compared to -1,806,976.92 RMB in the same period last year[10] - The company experienced a significant reduction in credit impairment losses, with a decrease of 122.45% to -286,369.66 RMB, as there were no new provisions during the reporting period[10] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 19,486, with the largest shareholder holding 24.52% of the shares[17] Other Information - The company has not undergone an audit for the third quarter report[34]