Haoyue Care(605009)2024-04-26 09:11Financial Performance - The company's operating revenue for Q1 2024 was CNY 639,711,881.28, representing a year-on-year increase of 1.21%[5] - The net profit attributable to shareholders for Q1 2024 was CNY 85,748,400.75, reflecting a growth of 7.99% compared to the same period last year[5] - The basic earnings per share for Q1 2024 was CNY 0.55, which is an increase of 7.99% year-on-year[5] - Total operating revenue for Q1 2024 was ¥639,711,881.28, a slight increase of 1.06% compared to ¥632,037,996.98 in Q1 2023[19] - Net profit for Q1 2024 was ¥85,748,400.75, up 8.3% from ¥79,406,920.92 in Q1 2023[20] - Basic and diluted earnings per share increased to ¥0.55 in Q1 2024 from ¥0.51 in Q1 2023[21] Cash Flow - The net cash flow from operating activities for Q1 2024 was negative CNY 94,242,746.79, a significant decline of 1,164.35% compared to the previous year[5] - Cash inflow from operating activities totaled ¥503,095,702.54 in Q1 2024, down 36.5% from ¥791,581,060.57 in Q1 2023[22] - The net cash flow from operating activities was -8,854,479.17 in the previous year, indicating a negative trend in operational cash generation[23] - The net cash flow from financing activities was -113,210,448.22 in the same quarter last year, highlighting a shift in financing strategy[23] Assets and Liabilities - Total assets at the end of Q1 2024 were CNY 4,488,468,670.78, down 3.41% from the end of the previous year[6] - Total liabilities decreased to ¥1,192,207,811.90 in Q1 2024 from ¥1,429,345,877.56 in Q1 2023, reflecting a reduction of 16.6%[19] - Total current assets amounted to RMB 2,623,089,193.52, a decrease of 5.2% from RMB 2,767,989,131.47 on December 31, 2023[14] - Total non-current assets were reported at RMB 1,865,379,477.26, a slight decrease from RMB 1,878,755,217.01[15] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 18,746[12] - The equity attributable to shareholders increased to CNY 3,296,260,858.88, marking a 2.45% rise from the previous year-end[6] Expenses - Sales expenses rose by 80.40%, attributed to increased product promotion efforts[10] - Research and development expenses were ¥22,190,135.54 in Q1 2024, slightly down from ¥23,233,494.96 in Q1 2023[19] - Cash paid to employees increased to 65,427,702.95, indicating rising labor costs[23] - Cash paid for taxes rose to 24,425,377.97, reflecting higher tax obligations[23] Accounts Receivable and Payable - Accounts receivable increased by 215.66%, primarily due to an increase in customer receivables[9] - Accounts receivable increased significantly to RMB 219,766,579.21, up from RMB 69,620,919.83, marking a growth of 215.5%[15] - Accounts payable decreased to RMB 347,129,678.70 from RMB 368,186,039.66, a decline of 5.7%[15] Investment Activities - Total cash outflow from investing activities was 81,584,867.95, reflecting increased investment expenditures[23] - Cash inflow from investment activities was 21,478,367.07, suggesting reduced investment returns[23] Other Financial Metrics - The company reported a net non-recurring profit of CNY 2,046,400.82 for the current period[8] - The company reported a financial expense of -¥13,891,477.27 in Q1 2024, compared to -¥13,090,841.00 in Q1 2023, indicating an increase in interest expenses[19] - Deferred income tax liabilities remained stable, with non-current liabilities totaling ¥148,124,487.67 in Q1 2024, compared to ¥146,890,246.24 in Q1 2023[19] - The impact of exchange rate changes on cash and cash equivalents was 72,986.75 in the previous year[24] - The company has not adopted new accounting standards or interpretations for the current year, maintaining consistency in financial reporting[24]