HBFX(000926)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥1,380,248,202.62, a decrease of 16.64% compared to ¥1,655,726,417.91 in the same period last year[5] - Net profit attributable to shareholders increased by 12.55% to ¥41,697,778.75 from ¥37,047,192.02 year-on-year[5] - The basic earnings per share rose to ¥0.0439, reflecting a 12.56% increase from ¥0.0390 in the same period last year[5] - Net profit for Q1 2023 was CNY 37,641,661.28, a decline of 30.9% compared to CNY 54,484,097.08 in Q1 2022[20] - The company reported a profit before tax of CNY 93,828,377.02, which is an increase of 14.5% from CNY 81,942,353.08 in the previous year[20] - The total comprehensive income attributable to the parent company for Q1 2023 was CNY 40,415,600.37, compared to CNY 52,822,230.45 in the same period last year, reflecting a decrease of approximately 23.4%[21] Cash Flow - The net cash flow from operating activities improved significantly to ¥802,475,374.19, compared to a negative cash flow of ¥1,326,407,402.52 in the previous year, marking a 160.50% increase[5] - Cash inflow from operating activities totaled CNY 2,282,190,011.12, while cash outflow was CNY 1,479,714,636.93, resulting in a net cash flow of CNY 802,475,374.19[22] - The net cash flow from investing activities was CNY 17,945,519.99, down from CNY 577,539,294.48 in the previous year, indicating a decrease of approximately 96.9%[24] - The net cash flow from financing activities was negative CNY 530,484,704.34, compared to negative CNY 397,686,440.40 in the same period last year, showing a worsening of approximately 33.3%[24] Assets and Liabilities - Total assets at the end of Q1 2023 were ¥38,299,804,859.50, a slight increase of 0.06% from ¥38,275,030,778.73 at the end of the previous year[5] - Total liabilities were CNY 25,899,913,001.89, showing a marginal decrease from CNY 25,911,498,404.02[17] - The company's equity attributable to shareholders was CNY 11,299,018,229.54, an increase from CNY 11,258,602,629.17 year-over-year[17] - The company’s long-term borrowings decreased to CNY 3,002,300,000.00 from CNY 3,272,900,000.00[17] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 46,872, with the largest shareholder holding 24.64% of the shares[10] - The company’s major shareholder, Fuxing Group, holds 233,928,648 shares, representing 24.64% of the total share capital of 949,322,474 shares[13] - The company has a share repurchase account holding 34,338,538 shares, which accounts for 3.62% of the total share capital[11] - Fuxing Group has committed to not reducing its shareholding through the secondary market until November 9, 2010, and has adjusted the minimum selling price to CNY 14.55 per share[13] Operational Metrics - The company reported a significant increase in accounts receivable, which rose by 46.73% to ¥283,260,619.50 due to an increase in settlement notes received[8] - The company experienced a 124.67% increase in taxes and surcharges, amounting to ¥91,308,079.28, primarily due to an increase in land value-added tax[8] - The company reported a 100% decrease in investment income, with no gains from subsidiary transfers in the current period, compared to a loss of ¥13,157,402.83 in the previous year[8] - The company recorded a total revenue from sales of goods and services of CNY 1,978,290,142.79, an increase from CNY 1,844,826,272.05 in the previous year, reflecting a growth of approximately 7.2%[22] Expenses - Total operating costs for Q1 2023 were CNY 1,276,001,241.06, down 16.9% from CNY 1,537,277,104.83 year-over-year[19] - The company’s research and development expenses for Q1 2023 were CNY 8,492,712.89, down from CNY 9,619,990.55 in the previous year[19] - The company reported a decrease in financial expenses to CNY 94,391,003.47 from CNY 84,166,448.05 year-over-year[19] - The company recorded a 40.65% decrease in cash paid for dividends and interest, amounting to ¥145,585,407.47, due to a reduction in interest payable[8]