HRTN(000665)2023-10-30 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥486,658,249.76, a decrease of 1.72% compared to the same period last year[3] - The net profit attributable to shareholders was -¥138,932,972.66, representing an increase in loss of 7.10% year-on-year[3] - The basic earnings per share for Q3 2023 was -¥0.12, a decrease of 7.69% compared to the same period last year[3] - The weighted average return on equity was -2.51%, a decrease of 0.14% year-on-year[3] - The company's net loss increased to CNY -282,307,949.50 compared to a profit of CNY 74,483,249.69 in the previous period, indicating a significant decline in profitability[14] - The net profit for Q3 2023 was -354,421,424.99 CNY, compared to -366,573,534.04 CNY in Q3 2022, showing an improvement of approximately 3.1%[17] - Operating profit for Q3 2023 was -370,730,560.40 CNY, slightly worse than -367,379,273.75 CNY in the same period last year[17] - The company reported a total comprehensive income of -354,421,424.99 CNY for Q3 2023, compared to -366,573,534.04 CNY in Q3 2022, reflecting a slight improvement[18] - Basic earnings per share for Q3 2023 were -0.31 CNY, an improvement from -0.33 CNY in the same quarter last year[18] Cash Flow and Liquidity - The cash flow from operating activities showed a significant decline, with a net cash outflow of -¥341,798,229.12, a decrease of 488.36% compared to the previous year[3] - Cash and cash equivalents decreased to CNY 219,819,112.74 from CNY 681,497,408.47 at the beginning of the year[12] - Cash and cash equivalents at the end of Q3 2023 were 202,266,901.17 CNY, down from 365,216,961.76 CNY at the end of Q3 2022, indicating a decrease of approximately 44.6%[20] - Investment activities resulted in a net cash outflow of -254,640,147.62 CNY in Q3 2023, compared to -563,129,659.23 CNY in Q3 2022, indicating a reduction in cash outflow[20] - Financing activities generated a net cash inflow of 218,594,889.40 CNY in Q3 2023, down from 243,274,221.03 CNY in the previous year[20] Assets and Liabilities - Total assets at the end of the reporting period were ¥11,025,592,540.05, down 6.15% from the end of the previous year[3] - Total current assets as of September 30, 2023, amount to CNY 2,470,165,310.65, a decrease from CNY 2,733,637,737.18 at the beginning of the year[12] - Total liabilities decreased to CNY 5,462,415,331.81 from CNY 5,704,339,941.95, reflecting a reduction of approximately 4.24%[14] - Total assets decreased to CNY 11,025,592,540.05 from CNY 11,748,175,332.15, a decline of about 6.15%[14] - The total non-current liabilities increased to CNY 2,038,762,241.18 from CNY 1,829,838,800.39, an increase of approximately 11.42%[14] Shareholder Information - Total number of common shareholders at the end of the reporting period is 93,607[9] - The largest shareholder, Wuhan Broadcasting and Television Station, holds 10.33% of shares, totaling 117,217,386 shares[9] - The company has a total of 0 preferred shareholders at the end of the reporting period[11] - The top ten shareholders are all state-owned entities, indicating a concentrated ownership structure[10] Operational Metrics - Total operating revenue for the period reached CNY 1,469,880,475.30, an increase from CNY 1,458,297,497.48 in the previous period, reflecting a growth of approximately 0.12%[16] - Total operating costs amounted to CNY 1,824,632,920.31, up from CNY 1,815,420,412.15, indicating a rise of about 0.12%[16] - The company's gross profit margin decreased, with operating costs rising faster than revenue, leading to a potential impact on profitability[16] - Research and development expenses were CNY 47,333,853.54, down from CNY 49,760,733.09, representing a decrease of about 4.88%[16] Other Financial Metrics - The company recorded a total of ¥11,589,961.52 in non-recurring gains and losses for the current period[4] - Financial expenses increased by 60.78% to ¥55,835,974.33, primarily due to increased interest from additional borrowings[6] - The company reported a significant increase in prepayments, which rose by 146.11% to ¥147,500,361.56, mainly due to prepayments for network transmission fees[6] - The company recorded a decrease in credit impairment losses, amounting to -20,856,078.57 CNY in Q3 2023, compared to -27,405,152.85 CNY in Q3 2022[17] - Long-term equity investments stood at CNY 437,646,098.75, slightly down from CNY 445,444,770.58, showing a decrease of approximately 1.79%[14] - The company has a total of 3,432,700 shares lent to China Securities Finance Corporation as part of a securities lending program[10] - The company reported a total of CNY 206,730,000.00 in trading financial assets as of September 30, 2023, compared to CNY 204,355,000.00 at the beginning of the year[12] - Inventory decreased to CNY 67,977,486.77 from CNY 82,249,508.80 at the beginning of the year[12]