HEC(000886)2024-04-28 07:41Financial Performance - Operating revenue for Q1 2024 was ¥18,476,777.07, a decrease of 11.50% compared to ¥20,877,565.43 in the same period last year[4] - Net profit attributable to shareholders was ¥34,416,694.94, a significant increase of 3,418.41% from a loss of ¥1,037,144.90 in Q1 2023[4] - Basic and diluted earnings per share were both ¥0.035, representing a 3,600.00% increase from -¥0.001 in Q1 2023[4] - The company reported a total profit of ¥42,820,670.71, a dramatic increase of 50,918.19% from a loss of ¥84,262.48 in the same period last year[8] - Net profit for Q1 2024 was CNY 33,993,073.21, compared to a net loss of CNY 594,297.03 in Q1 2023[17] - The company reported an operating profit of CNY 42,827,425.51, a significant recovery from an operating loss of CNY 127,135.93 in the previous year[17] Cash Flow and Liquidity - The net cash flow from operating activities was -¥236,411,386.95, a decline of 902.61% compared to -¥23,579,598.70 in the previous year[4] - Cash and cash equivalents net decrease was -¥530,012,863.08, a 23.64% improvement from -¥694,102,469.79 in Q1 2023[8] - Operating cash inflow for the current period was CNY 68,998,513.18, down from CNY 79,808,403.28 in the previous period, representing a decrease of approximately 13.4%[19] - Total cash outflow from operating activities reached CNY 305,409,900.13, significantly higher than CNY 103,388,001.98 in the previous period, indicating an increase of about 195.5%[20] - Cash inflow from investment activities totaled CNY 478,135,458.96, down from CNY 702,001,243.42, a decrease of about 31.9%[20] - Cash outflow from investment activities was CNY 771,346,221.50, compared to CNY 1,371,641,612.23 in the previous period, showing a reduction of approximately 43.8%[20] - Cash and cash equivalents at the end of the period stood at CNY 253,328,792.48, down from CNY 290,976,677.44, a decline of approximately 12.9%[20] Assets and Liabilities - Total assets at the end of Q1 2024 were ¥3,380,935,210.59, a decrease of 2.26% from ¥3,459,232,728.40 at the end of the previous year[4] - Current liabilities decreased to CNY 258,582,566.86, down from CNY 369,683,625.83 in the previous year[14] - The company’s equity attributable to shareholders rose to CNY 3,086,450,973.51, compared to CNY 3,052,747,696.36 in the previous period[14] Investments - Investment income increased to ¥56,862,061.64, a rise of 1,266.07% compared to ¥4,162,463.14 in Q1 2023[8] - Investment income for the quarter was CNY 56,862,061.64, a significant increase from CNY 4,162,463.14 in the previous year[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 55,336[9] - The largest shareholder, Hainan Provincial Transportation Investment Holding Co., Ltd., holds 25.39% of the shares, totaling 251,036,039 shares[9] Operational Changes - The company signed a cooperation agreement with Hainan Provincial Logistics Group to enhance logistics services and infrastructure development[10] - The board of directors elected Chen Taifeng as the chairman, effective from February 7, 2024[10] - The company has not reported any changes in the top ten shareholders due to margin trading activities[10] Accounting and Reporting - The company has not undergone an audit for the first quarter report[22] - The company is implementing new accounting standards starting in 2024, which may affect future financial reporting[21]