HYC(688001)2024-04-29 08:36Financial Performance - The company's operating revenue for Q1 2024 was ¥281,197,418.43, representing a decrease of 21.60% compared to the same period last year [5] - The net profit attributable to shareholders was -¥34,358,925.98, a decline of 228.19% year-over-year [5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥38,784,205.95, down 260.81% from the previous year [5] - Total operating revenue for Q1 2024 was ¥281,197,418.43, a decrease of 21.6% compared to ¥358,690,643.86 in Q1 2023 [29] - Net profit for Q1 2024 was a loss of ¥34,358,925.98, compared to a profit of ¥26,802,556.67 in Q1 2023, indicating a significant decline [32] - The total comprehensive income amounted to -37,180,548 CNY, a stark contrast to the previous total of 25,374,782 CNY [35] - Basic and diluted earnings per share were both -0.08 CNY, down from 0.06 CNY in the prior period [35] Research and Development - Research and development expenses totaled ¥89,950,768.32, accounting for 31.99% of operating revenue, an increase of 7.16 percentage points [7] - Research and development expenses for Q1 2024 were ¥89,950,768.32, slightly up from ¥89,048,381.25 in Q1 2023 [32] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,523,210,387.91, a decrease of 0.79% from the end of the previous year [7] - The total assets decreased from ¥5,567,108,629.02 in the previous period to ¥5,523,210,387.91 in the current period [29] - Total liabilities decreased from ¥1,631,695,381.14 to ¥1,625,243,410.48, reflecting a reduction of 0.4% [29] - The company's equity attributable to shareholders decreased from ¥3,935,413,247.88 to ¥3,897,966,977.43, a decline of 0.9% [29] Cash Flow and Investments - The net cash flow from operating activities was -¥234,447,112.45, with no applicable year-over-year comparison [5] - Cash flow from operating activities showed a net outflow of -234,447,112 CNY, compared to a smaller outflow of -6,736,095 CNY in the same period last year [44] - Cash flow from investment activities resulted in a net outflow of -226,118,433 CNY, worsening from -144,162,239 CNY in the previous year [40] - The company invested 87,202,876 CNY in fixed assets, intangible assets, and other long-term assets, down from 125,144,798 CNY in the previous period [40] - The company received cash from sales and services amounting to 317,546,892 CNY, a decrease from 521,302,546 CNY in the prior year [44] - The company reported a cash inflow from investment activities of 91,089,443 CNY, significantly lower than 700,762,559 CNY in the same period last year [44] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,734 [17] - The top 10 shareholders held a significant portion of the company's shares, with the largest shareholder owning 52.26% [17] - The company did not report any changes in the lending or borrowing of shares among the top shareholders during the reporting period [19] - The company’s repurchase account held 950,289 shares, accounting for 0.22% of the total share capital [21] Other Financial Metrics - The weighted average return on net assets was -0.88%, a decrease of 1.58 percentage points [5] - The company reported a financial expense of -¥683,965.15 in Q1 2024, a significant improvement compared to ¥6,132,401.51 in Q1 2023 [32] - The deferred income tax liabilities decreased from ¥25,473,731.29 to ¥24,797,512.94, a reduction of 2.6% [29] - The company recorded other income of ¥7,534,451.05 in Q1 2024, up from ¥3,203,408.14 in Q1 2023, indicating growth in this area [32] Cash and Cash Equivalents - The company reported a significant decrease in cash and cash equivalents by 45.35% due to the purchase of time deposits [11] - Cash and cash equivalents decreased to CNY 477.78 million from CNY 874.20 million, representing a decline of approximately 45% [24] - Cash and cash equivalents at the end of the period were 476,244,703 CNY, a decrease from 1,251,490,352 CNY at the end of the previous period [40] Borrowings and Liquidity - Short-term borrowings increased significantly, indicating a strategy to enhance liquidity [11] - The company raised 69,000,000 CNY through borrowings, compared to 30,000,000 CNY in the previous period [40] - The company experienced a 179.57% increase in investment income, primarily from interest accrued on time deposits [11] Strategic Developments - No significant new strategies or product developments were mentioned in the report [25]