Hirisun(300277)2024-04-24 10:38Financial Performance - The company's operating revenue for Q1 2024 was ¥29,286,846.25, representing a 41.39% increase compared to ¥20,713,032.95 in the same period last year[5]. - The net profit attributable to shareholders was ¥128,742.34, up 26.70% from ¥101,611.14 year-on-year[5]. - The company reported a net profit of ¥1,332,748.14 for Q1 2024, compared to ¥826,837.25 in Q1 2023, indicating a growth of 61.1%[29]. - The net profit for Q1 2024 was -817,393.43 yuan, compared to -1,492,885.28 yuan in Q1 2023, showing an improvement of approximately 45.2% year-over-year[31]. - The total comprehensive income for Q1 2024 was -817,393.43 yuan, compared to -1,492,885.28 yuan in Q1 2023, indicating a 45.2% improvement[31]. Operating Costs and Expenses - The company's operating costs increased by 49.89% to ¥2,358,000.00, primarily due to revenue growth and a decline in gross margin[11]. - Total operating costs for Q1 2024 were ¥33,283,468.80, up 32.7% from ¥25,077,228.59 in the same period last year[29]. - Research and development expenses decreased by 40.99% to ¥133,000.00, attributed to adjustments in personnel structure[11]. - Research and development expenses for Q1 2024 were ¥1,338,549.66, down 41.0% from ¥2,268,336.73 in the previous year[29]. Cash Flow and Assets - The net cash flow from operating activities decreased by 67.33% to ¥7,972,589.38 from ¥24,402,213.08 in the previous year[5]. - Cash flow from operating activities generated a net inflow of 7,972,589.38 yuan, down from 24,402,213.08 yuan in Q1 2023, representing a decline of 67.3%[33]. - The company's cash and cash equivalents increased to ¥98,886,359.83 from ¥75,535,197.06, reflecting a growth of 30.7%[26]. - Total cash and cash equivalents at the end of Q1 2024 reached 98,825,453.53 yuan, an increase from 64,040,610.93 yuan at the end of Q1 2023, marking a growth of 54.2%[34]. - The company reported cash inflows from investment activities of 21,025,951.06 yuan, significantly higher than the outflow of 15,008,883.17 yuan, resulting in a net cash flow from investment activities of 21,025,951.06 yuan[33]. Assets and Liabilities - The total assets at the end of the reporting period increased by 3.71% to ¥719,730,696.60 from ¥693,999,177.53 at the end of the previous year[5]. - Total assets as of March 31, 2024, amounted to ¥719,730,696.60, compared to ¥693,999,177.53 at the beginning of the year, representing a growth of 3.7%[28]. - Total liabilities increased to ¥210,763,896.70 from ¥184,214,984.20, marking a rise of 14.5%[28]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 18,697, with the largest shareholder holding 29.80% of the shares[15]. - The company transferred 99,830,000 shares (29.8% of total shares) from its former controlling shareholder to Hangzhou State-owned Capital Investment Operation Co., Ltd. on February 29, 2024[18]. Corporate Governance and Structure - The company changed its registered address from Shenzhen to Hangzhou and updated its name accordingly, effective January 26, 2024[19]. - The company established a branch in Shenzhen on January 30, 2024, to support its operational needs[20]. - The company received a renewed High-tech Enterprise Certificate on November 15, 2023, allowing it to enjoy a 15% corporate income tax rate for three years[21]. - The company revised its articles of association and related governance documents to enhance corporate governance, approved on January 9, 2024[22]. - The company appointed new directors and supervisors on April 10, 2024, to ensure compliance with governance requirements following recent resignations[23][24]. Impairment and Other Losses - The company reported a significant decline in net profit after deducting non-recurring gains and losses, with a loss of ¥2,526,281.15 compared to a profit of ¥40,973.52 in the same period last year, marking a decrease of 6,265.64%[5]. - The company incurred asset impairment losses of -203,622.24 yuan in Q1 2024, a decrease from -2,305,996.56 yuan in Q1 2023, showing a reduction of 91.2%[31].