HDAA(600316)2024-04-26 15:44Financial Performance - Net profit attributable to shareholders of the listed company was -¥9,282,163.86, with a significant increase in operating income by 95.10% to ¥267,495,150.78 compared to the same period last year[19] - The company's operating revenue for Q1 2024 reached ¥267,495,150.78, a significant increase of 95.0% compared to ¥137,107,858.08 in Q1 2023[44] - The net profit for Q1 2024 was reported at -¥9,282,163.86, slightly worse than the net profit of -¥9,070,047.02 in Q1 2023[45] - The other comprehensive income after tax for Q1 2024 was -¥3,417,053.07, contrasting with a positive amount of ¥1,048,943.18 in Q1 2023[45] - The basic earnings per share for Q1 2024 was -¥0.0129, compared to -¥0.0126 in Q1 2023, indicating a slight deterioration[45] Cash Flow and Liquidity - The company reported a net cash flow from operating activities of -¥359,686,589.39, indicating a cash outflow[19] - In Q1 2024, the company reported cash inflows from operating activities of approximately CNY 480.99 million, a significant decrease from CNY 1.30 billion in Q1 2023, reflecting a decline of about 62.94%[36] - The cash and cash equivalents at the end of Q1 2024 were ¥394,769,467.35, compared to ¥190,902,585.55 at the end of Q1 2023, indicating an increase of 106.7%[48] - The company reported a net cash outflow from operating activities of -¥359,686,589.39 in Q1 2024, an improvement from -¥427,914,266.08 in Q1 2023[48] Assets and Liabilities - Total assets at the end of the reporting period were ¥15,153,326,678.58, a decrease of 2.98% compared to the end of the previous year[5] - The total assets decreased from ¥15,618,069,122.42 in the previous period to ¥15,153,326,678.58, a decline of approximately 3.0%[43] - The company’s total equity attributable to shareholders was ¥5,284,949,296.42, a slight decrease of 0.20% from the previous year[5] - The total liabilities decreased from ¥10,322,623,422.95 to ¥9,868,377,382.16, representing a reduction of about 4.4%[43] - The company’s total liabilities to total assets ratio improved from approximately 66.0% to 65.1%[43] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 85,024[7] - The company’s major shareholders include China Aviation Technology Industry Group Co., Ltd., holding 313,883,294 shares, which represents a significant portion of the total shares outstanding[26] Government Support and Investment - The company received government subsidies amounting to ¥1,861,182.62, which are closely related to normal business operations[5] - Investment income decreased by ¥1,140,000 compared to the same period last year, primarily due to reduced investment income from joint ventures[7] Operational Metrics - Cash and cash equivalents decreased by 49.66%, down ¥389,440,000, mainly due to increased cash payments for purchases[21] - Other operating income decreased by 99.94%, down ¥4,180,000, as there were no write-offs of unpayable accounts payable this period[7] - The company’s inventory increased to CNY 4.43 billion as of March 31, 2024, compared to CNY 3.95 billion at the end of 2023, marking an increase of approximately 12.49%[42] - The total receivables, including notes and accounts receivable, were CNY 4.01 billion as of March 31, 2024, down from CNY 4.36 billion at the end of 2023, reflecting a decrease of about 8.05%[42] - The company’s long-term equity investments were valued at CNY 401.82 million as of March 31, 2024, slightly down from CNY 404.52 million at the end of 2023, a decrease of about 0.67%[42] Future Outlook - The company plans to focus on expanding its market presence and enhancing product development in the upcoming quarters, although specific figures were not disclosed[30] - Research and development expenses increased to ¥10,913,280.25 in Q1 2024, up from ¥8,695,460.17 in Q1 2023, reflecting a growth of 25.4%[44]