Hirisun(300277)2024-08-01 12:21Financial Performance - The company's operating revenue for Q1 2024 was CNY 28,841,947.57, representing a year-on-year increase of 44.76% compared to CNY 19,924,199.80 in the same period last year[2]. - The net profit attributable to shareholders was CNY 128,742.34, up 26.70% from CNY 101,611.14 in the previous year[2]. - The company's basic earnings per share increased by 33.33% to CNY 0.0004 from CNY 0.0003 in the previous year[2]. - The total profit for the period was CNY -665,289.87, an improvement from CNY -1,500,809.89 year-over-year[22]. - Operating profit for the quarter was CNY -658,671.45, compared to CNY -1,539,410.16 in the same period last year, showing a significant reduction in losses[22]. - The company reported a significant increase in other income, which rose by 455.69% year-on-year, mainly due to increased government subsidies received[6]. Cash Flow and Assets - The net cash flow from operating activities decreased by 67.33% to CNY 7,972,589.38 from CNY 24,402,213.08 in the previous year[2]. - Cash and cash equivalents at the end of the period totaled CNY 98,825,453.53, up from CNY 64,040,610.93 year-over-year[25]. - Cash and cash equivalents at the end of the period amounted to ¥98,886,359.83, up from ¥75,535,197.06 at the beginning of the period, reflecting a growth of approximately 30.7%[18]. - The cash and cash equivalents net increase was CNY 13,547,600.00, reflecting a year-on-year growth of 138.19%[7]. - Accounts receivable decreased to ¥17,833,663.25 from ¥25,550,351.07, a reduction of about 30.4%, indicating improved cash flow management[18]. - The company reported cash inflows from investment activities of CNY 21,025,951.06, compared to a cash outflow of CNY 11,868,985.01 in the previous year[24]. Costs and Expenses - The company's operating costs increased by 54.84% year-on-year, primarily due to revenue growth and a decline in gross margin[6]. - Total operating costs for Q1 2024 were ¥32,838,570.12, up from ¥24,288,395.44 in the previous year, indicating an increase of about 35.4%[21]. - Research and development expenses decreased by 40.99% year-on-year, attributed to adjustments in personnel structure[6]. - The company reported a significant increase in research and development expenses, which were not quantified but indicated a focus on innovation and new product development[21]. - The company incurred asset impairment losses of CNY 203,622.24, a decrease from CNY 2,305,996.56 in the previous period[22]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 719,730,696.60, an increase of 3.71% from CNY 693,999,177.53 at the end of the previous year[2]. - Total assets rose to ¥719,730,696.60 from ¥693,999,177.53, marking an increase of about 3.7%[19]. - Total liabilities increased to ¥210,763,896.70 from ¥184,214,984.20, reflecting a growth of approximately 14.5%[19]. - The company's equity attributable to shareholders increased to ¥489,436,686.02 from ¥489,307,943.68, a marginal increase of about 0.03%[20]. Corporate Governance and Structure - The company has been re-certified as a high-tech enterprise, allowing it to enjoy a reduced corporate income tax rate of 15% for three years[14]. - The company has established a branch in Shenzhen following the relocation of its registered office to Hangzhou[13]. - The company has revised its articles of association and related systems to enhance corporate governance[15]. - The company reported no changes in the relationships among the top ten shareholders, indicating no related party transactions[11]. - The company has not disclosed any participation in margin trading by the top ten shareholders[11]. - The company’s previous controlling shareholder, Hangzhou Financial Investment Group, no longer holds shares after the transfer[11]. - The company has appointed new directors and supervisors following resignations due to personal reasons[16]. - The company has not reported any changes in the number of preferred shareholders or restricted shares[10]. Shareholder Changes - The company transferred 99,830,000 shares (29.8% of total shares) from the previous controlling shareholder to Hangzhou State-owned Capital Investment Operation Co., Ltd. on February 29, 2024[11]. - The company's registered address has changed to 60 Qingchun Road, Hangzhou, while the stock code remains unchanged[12].