HNZHKJ(000702)2024-04-24 07:54Financial Performance - The company's revenue for Q1 2024 was ¥148,276,697.65, a decrease of 48.64% compared to ¥288,683,523.27 in the same period last year[5] - The net profit attributable to shareholders was a loss of ¥8,568,550.52, an improvement of 70.62% from a loss of ¥29,169,011.80 in the previous year[5] - Total operating revenue for Q1 2024 was ¥148.28 million, a decrease of 48.6% compared to ¥288.68 million in Q1 2023[16] - Net loss for Q1 2024 was ¥7.94 million, compared to a net loss of ¥43.06 million in Q1 2023, representing a significant improvement[17] - Other comprehensive income after tax for Q1 2024 was ¥0.36 million, compared to ¥2.18 million in Q1 2023, reflecting a decrease of 83.5%[17] Cash Flow - The net cash flow from operating activities was negative at ¥46,823,886.97, a decline of 518.90% compared to a positive cash flow of ¥11,177,859.49 in the same period last year[5] - The company's cash flow from operating activities showed improvement, with a net cash outflow of ¥7.94 million in Q1 2024 compared to a net cash outflow of ¥43.06 million in Q1 2023[17] - The company reported a total cash outflow from operating activities of 181,961,097.75 CNY, compared to 298,772,191.38 CNY in the previous period, reflecting a reduction in cash outflows[20] - The company’s total cash inflow from operating activities was 135,137,210.78 CNY, down from 309,950,050.87 CNY in the previous period, indicating a significant decline in operational cash generation[20] Assets and Liabilities - Total assets decreased by 5.23% to ¥680,570,298.24 from ¥718,154,474.27 at the end of the previous year[5] - The company's total assets decreased to ¥680.57 million in Q1 2024 from ¥718.15 million in Q1 2023, a decline of 5.2%[15] - Total liabilities decreased to ¥357.19 million in Q1 2024 from ¥387.19 million in Q1 2023, a reduction of 7.8%[15] - The company’s total equity attributable to shareholders decreased by 1.92% to ¥419,356,329.89 from ¥427,564,880.41 at the end of the previous year[5] Shareholder Information - The total number of common shareholders at the end of the reporting period is 25,517[10] - The largest shareholder, Yueyang Guansheng Investment Development Co., Ltd., holds 23.08% of shares, totaling 79,990,372 shares[10] - The number of priority shareholders is zero, indicating no preferred shares issued[13] Research and Development - Research and development expenses increased by 122.07% to ¥1,873,830.71, up from ¥843,804.31 in the previous year, indicating a focus on innovation[8] - Research and development expenses increased to ¥1.87 million in Q1 2024, up 122.3% from ¥0.84 million in Q1 2023, indicating a focus on innovation[16] Financial Expenses - The company experienced a 60.73% reduction in financial expenses, amounting to ¥2,220,400.47, due to decreased loans[8] - The company reported a decrease in financial expenses to ¥2.22 million in Q1 2024 from ¥5.65 million in Q1 2023, a reduction of 60.8%[16] Investment Activities - The cash inflow from investment activities decreased by 25.78% to ¥5,140,806.40, while cash outflow increased by 99.34% to ¥12,403,728.73, indicating higher investment expenditures[8] - Total cash inflow from investment activities was 5,140,806.40 CNY, down from 6,926,035.91 CNY in the prior period, resulting in a net cash flow from investment activities of -7,262,922.33 CNY[21] Inventory and Accounts Receivable - The company reported a significant increase in accounts receivable, which rose by 98.02% to ¥41,960,462.92, primarily due to increased receivables from feed sales[8] - Accounts receivable increased to ¥41,960,462.92 from ¥21,190,008.27, representing a growth of approximately 97.5%[13] - Inventory rose to ¥83,157,313.35 from ¥68,761,330.99, an increase of about 20.9%[13] Cash and Cash Equivalents - The company's cash and cash equivalents decreased to ¥170,969,200.41 from ¥248,537,827.46 at the beginning of the period, a decline of approximately 31.1%[13] - The ending balance of cash and cash equivalents was 166,667,891.63 CNY, a decrease from 243,998,173.26 CNY at the beginning of the period[21] - The company experienced a net decrease in cash and cash equivalents of -77,330,281.63 CNY during the period, contrasting with an increase of 48,413,924.89 CNY in the previous period[21] Future Outlook - The company has not reported any new products or technologies in this quarter[10] - There are no significant mergers or acquisitions reported during this period[10] - The company has not provided specific future guidance or market expansion strategies in the report[10]