HST(600817)2024-04-29 09:37Financial Performance - The company's operating revenue for Q1 2024 was CNY 701,539,732.40, representing an increase of 11.82% compared to the same period last year[4]. - The net profit attributable to shareholders for Q1 2024 was CNY 31,726,930.78, reflecting an increase of 8.29% year-over-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 26,208,269.39, up by 4.12% from the previous year[4]. - The basic earnings per share for Q1 2024 was CNY 0.0586, which is a 9.22% increase compared to the same period last year[4]. - The weighted average return on equity for Q1 2024 was 1.28%, an increase of 0.08 percentage points year-over-year[4]. - Total operating revenue for Q1 2024 reached ¥701,539,732.40, an increase of 11.8% compared to ¥627,366,569.30 in Q1 2023[16]. - Net profit for Q1 2024 was ¥36,708,654.24, a decrease of 3.1% from ¥37,875,556.37 in Q1 2023[17]. - The company reported a total profit of ¥37,450,671.40 for Q1 2024, down from ¥44,825,456.91 in Q1 2023[16]. - Basic and diluted earnings per share for Q1 2024 were both ¥0.0586, an increase from ¥0.0536 in Q1 2023[17]. - The company experienced a significant increase in investment income, which rose to ¥4,973,986.63 in Q1 2024 from ¥2,842,147.21 in Q1 2023[16]. Cash Flow and Assets - The net cash flow from operating activities was negative CNY 103,521,695.20, indicating a decrease in cash inflow from sales[4]. - The net cash flow from operating activities for Q1 2024 was -¥103,521,695.20, compared to a positive cash flow of ¥62,463,179.10 in Q1 2023[20]. - Cash and cash equivalents at the end of Q1 2024 totaled ¥516,553,741.37, down from ¥934,912,803.86 at the end of Q1 2023[20]. - The company's cash and cash equivalents decreased to CNY 520,028,748.00 from CNY 673,613,803.35, representing a decline of about 22.77%[13]. - As of March 31, 2024, the company's total current assets amounted to CNY 3,326,206,923.76, an increase from CNY 3,177,634,931.67 as of December 31, 2023, reflecting a growth of approximately 4.67%[13]. - The company's total equity increased to CNY 2,674,547,893.85 as of March 31, 2024, compared to CNY 2,638,675,072.13 at the end of 2023, reflecting an increase of approximately 1.36%[14]. - The total assets at the end of Q1 2024 were CNY 4,456,145,252.77, a decrease of 0.79% from the end of the previous year[4]. - The total liabilities of the company as of March 31, 2024, were CNY 1,781,597,358.92, a decrease from CNY 1,853,018,242.71 as of December 31, 2023, showing a reduction of about 3.86%[14]. Inventory and Receivables - The company reported a total inventory of CNY 374,039,785.72 as of March 31, 2024, slightly down from CNY 378,902,230.91 as of December 31, 2023, indicating a decrease of about 1.01%[13]. - Accounts receivable as of March 31, 2024, stood at CNY 1,037,064,844.06, down from CNY 1,136,143,013.83, indicating a decrease of approximately 8.69%[13]. - The company reported a total of CNY 532,754,659.94 in contract assets as of March 31, 2024, an increase from CNY 399,192,339.28 as of December 31, 2023, indicating a growth of approximately 33.5%[13]. Fund Management and Investment - The company has decided to use remaining raised funds to supplement working capital instead of investing in the previously planned projects[10]. - The company has decided to change the use of remaining raised funds, reallocating them to supplement working capital instead of investing in the "Production Line Upgrade and EHS Improvement Project" due to uncertainties in the demand for electric sanitation vehicles[11]. - The company has terminated the relevant agreements for the special account management of raised funds, consolidating the remaining funds into its own accounts[11]. - Investment activities generated a net cash outflow of -¥49,927,883.28 in Q1 2024, an improvement from -¥257,738,326.73 in Q1 2023[20]. Research and Development - Research and development expenses decreased to ¥28,984,873.62 in Q1 2024 from ¥36,658,910.49 in Q1 2023, a reduction of 21.1%[16]. Production and Capacity Planning - The company plans to adjust its production capacity layout based on macroeconomic conditions and the pace of new energy vehicle adoption in the sanitation sector[11].