HSSM(002290)2024-04-24 08:07Financial Performance - The company's revenue for Q1 2024 was ¥549,153,468.67, representing a 13.52% increase compared to ¥483,743,009.03 in the same period last year[5] - Net profit attributable to shareholders for Q1 2024 was ¥27,884,495.29, a significant increase of 57.13% from ¥17,746,643.41 in the previous year[5] - Basic earnings per share for Q1 2024 were ¥0.11, up 57.14% from ¥0.07 in the previous year[5] - The total profit for Q1 2024 was ¥33,296,334.67, reflecting a 53.65% increase from ¥21,669,699.08 in the same period last year[10] - Total operating revenue for Q1 2024 reached CNY 549.15 million, an increase of 13.5% compared to CNY 483.74 million in Q1 2023[19] - Net profit for Q1 2024 was CNY 27.88 million, representing a 57.3% increase from CNY 17.75 million in Q1 2023[20] - Basic and diluted earnings per share for Q1 2024 were both CNY 0.11, compared to CNY 0.07 in Q1 2023[20] Cash Flow - The net cash flow from operating activities was -¥17,196,219.89, a decline of 126.11% compared to a positive cash flow of ¥65,857,650.69 in the same period last year[5] - The net cash flow from operating activities was -CNY 17,196,219.89, a decrease from CNY 65,857,650.69 in the previous period[21] - The total cash inflow from operating activities was CNY 382,763,526.15, an increase of 38.3% compared to CNY 276,475,724.09 in the previous period[21] - Cash outflow for purchasing goods and services was CNY 355,224,567.86, up from CNY 170,776,947.49 in the previous period, indicating a significant increase in operational costs[21] - The cash flow from operating activities was impacted by a significant increase in cash outflows, leading to a net cash flow deficit[21] Assets and Liabilities - Total assets at the end of Q1 2024 were ¥1,681,414,017.11, a decrease of 4.78% from ¥1,765,760,768.00 at the end of the previous year[5] - Total liabilities decreased to CNY 947.39 million in Q1 2024 from CNY 1.06 billion in Q1 2023, a reduction of 10.6%[18] - The company's equity attributable to shareholders increased by 3.96% to ¥734,022,295.16 from ¥706,041,627.37 at the end of the previous year[5] - The company's equity attributable to shareholders increased to CNY 734.02 million in Q1 2024 from CNY 706.04 million in Q1 2023, an increase of 4.0%[18] Expenses - Sales expenses rose by 78.59% to ¥2,305,847.88 compared to ¥1,291,142.44 in the same period last year[10] - Operating costs for Q1 2024 were CNY 520.96 million, up 12.6% from CNY 462.39 million in the same period last year[19] - Research and development expenses rose to CNY 17.28 million in Q1 2024, up 23.0% from CNY 14.00 million in Q1 2023[19] Other Income and Investments - The company reported a significant increase in other income, which rose by 1680.23% to ¥3,916,496.94 from ¥220,000.00 in the previous year[10] - The company experienced a negative cash flow from investment activities of -CNY 2,423,527.88, an improvement from -CNY 4,723,339.84 in the previous period[21] Corporate Developments - The company established Shanghai Haixi Technology Co., Ltd. with a registered capital of CNY 20 million, holding 60% of the shares[14] - A wholly-owned subsidiary, Haixi Zhican (Beijing) Technology Co., Ltd., was established with a registered capital of CNY 5 million[14] Shareholder Information - The company reported a total of 51,429,633 shares held by Shanghai Hongyuan Sheng New Energy Technology, representing 20.73% of the total shares[13] - The company has not reported any changes in the participation of major shareholders in margin trading or securities lending activities[13] Audit and Reliability - The company has not undergone an audit for the first quarter report, which may affect the reliability of the financial data presented[23]