HONGHUI(002802)2023-10-29 16:00Financial Performance - The company's revenue for Q3 2023 was ¥89,011,665.16, a decrease of 20.57% compared to the same period last year[4]. - Net profit attributable to shareholders was ¥11,643,610.55, down 37.63% year-on-year[4]. - The basic earnings per share decreased by 40.00% to ¥0.06[4]. - Total revenue for the third quarter of 2023 was CNY 269,663,401.79, a decrease of 36.7% compared to CNY 425,932,792.39 in the same period last year[23]. - The net profit for Q3 2023 was CNY 37,967,887.40, a decrease of 38.0% compared to CNY 61,157,018.44 in Q3 2022[24]. - Operating profit for the quarter was CNY 44,296,404.14, down from CNY 71,365,392.88 in the same period last year, reflecting a decline of 38.1%[24]. - The total comprehensive income for the period was CNY 37,967,887.40, compared to CNY 61,157,018.44 in the previous year, marking a decline of 38.0%[24]. Assets and Liabilities - Total assets at the end of the reporting period were ¥699,441,365.05, a decline of 6.45% from the previous year[4]. - Total assets decreased to CNY 699,441,365.05 from CNY 747,689,257.68 at the start of the year, reflecting a decline of 6.4%[21]. - Total liabilities decreased to CNY 45,929,831.25 from CNY 57,431,623.26, a reduction of 20.0%[22]. - The company's equity attributable to shareholders decreased to CNY 653,511,533.80 from CNY 690,257,634.42, a decline of 5.3%[22]. Cash Flow - Cash flow from operating activities for the year-to-date was ¥72,955,434.04, down 45.83%[4]. - Operating cash flow decreased by 45.83% to ¥72,955,434.04 compared to the same period last year, primarily due to reduced cash received from sales and services[11]. - Cash flow from operating activities generated a net amount of CNY 72,955,434.04, compared to CNY 134,668,802.78 in the previous year, indicating a decrease of 46.1%[25]. - Net cash flow from investment activities increased by 114.35% to ¥18,357,007.12, driven by increased cash received from investment recoveries and the disposal of fixed assets[11]. - The net cash flow from investment activities was CNY 18,357,007.12, a significant improvement from a negative CNY 127,923,666.07 in the same period last year[26]. - Cash and cash equivalents increased by 137.39% to ¥6,716,448.96, attributed to net cash flow from operating activities and investment activities[11]. - The company reported a cash and cash equivalents balance of CNY 73,245,270.40 at the end of Q3 2023, compared to CNY 49,603,350.96 at the end of Q3 2022, showing an increase of 47.6%[26]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 11,892, with the largest shareholder holding 52.81% of shares[13]. - The largest shareholder, Xiang Hongwei, holds 96,277,123 shares, with 36,897,000 shares pledged[13]. - The company implemented a cash dividend of ¥6 per 10 shares and a capital reserve increase of 3 shares for every 10 shares held, increasing the controlling shareholder's shares from 75,184,325 to 96,277,123[15]. - A share transfer agreement is in preliminary discussions, where the controlling shareholder intends to transfer 29.99% of shares (54,672,366 shares) to another party[16]. - The company is currently in the process of due diligence regarding the share transfer, which remains uncertain[17]. Operating Costs and Expenses - Total operating costs for the third quarter were CNY 234,835,546.21, down 35.2% from CNY 362,683,840.78 year-over-year[23]. - Research and development expenses for the third quarter were CNY 17,814,597.29, down 11.1% from CNY 20,063,846.44 in the previous year[23]. - The company's income tax expense decreased by 34.58% to ¥6,066,513.83, due to lower profits compared to the previous year[10]. Other Income and Gains - The company reported a significant increase in other current assets by 13,085.23% to ¥20,163,260.26, mainly due to the increase in principal-protected financial products[7]. - The company experienced a 64.05% increase in accounts payable, reaching ¥12,999,444.32, attributed to increased material payments[8]. - The company recorded a 61.97% increase in other income, totaling ¥2,761,330.72, primarily from government subsidies received during the reporting period[9]. - The company reported a 426.92% increase in asset disposal gains to ¥1,114,618.23, reflecting higher fixed asset disposal income[9]. - The company reported a net investment income of CNY 3,672,393.36, an increase from CNY 3,078,266.74 year-over-year[23]. Future Outlook - The company plans to focus on market expansion and new product development in the upcoming quarters[19]. Audit Status - The report for Q3 2023 was not audited[27].