Hoshion(002824)2024-04-29 13:31Revenue and Profit - The company's revenue for Q1 2024 was ¥710,209,287.53, representing a 33.74% increase compared to ¥531,021,337.94 in the same period last year[5] - Net profit attributable to shareholders decreased by 30.64% to ¥17,056,203.21 from ¥24,590,496.73 year-on-year[5] - Basic earnings per share fell by 33.33% to ¥0.06 from ¥0.09 in the same period last year[5] - Operating profit decreased to ¥17,211,164.00, down 39.0% from ¥28,250,107.74 in the same period last year[19] - Net profit attributable to the parent company was ¥17,056,203.21, a decline of 30.7% from ¥24,590,496.73 in Q1 2023[19] - The total comprehensive income for the period was ¥16,819,396.05, a decrease of 32.5% from ¥24,924,851.08 in Q1 2023[19] Cash Flow and Investments - The net cash flow from operating activities increased by 56.16% to ¥130,283,362.94, up from ¥83,430,518.81 in the previous year[5] - Cash flow from operating activities generated a net amount of ¥130,283,362.94, an increase of 56.1% compared to ¥83,430,518.81 in Q1 2023[22] - The company recorded a net cash outflow from investing activities of ¥129,018,234.78, compared to a smaller outflow of ¥31,502,425.19 in Q1 2023[22] - The net cash flow from financing activities was CNY 149,940,893.13, compared to a negative cash flow of CNY 17,974,085.43 in the previous year[23] - The total cash and cash equivalents at the end of the period reached CNY 296,161,569.15, an increase from CNY 213,383,682.23 year-over-year[23] - The net increase in cash and cash equivalents was CNY 151,224,981.77, up from CNY 33,806,186.30 year-over-year[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,836,757,519.41, a 5.66% increase from ¥3,631,114,186.57 at the end of the previous year[5] - Current assets reached CNY 2,413,057,659.54, up from CNY 2,251,404,426.85, indicating an increase of about 7.19%[15] - Total liabilities increased to CNY 2,101,155,350.87 from CNY 1,912,331,414.08, marking a rise of around 9.87%[16] - The total equity of the company stood at CNY 1,735,602,168.54, up from CNY 1,718,782,772.49, indicating a growth of approximately 0.98%[16] Research and Development - Research and development expenses rose by 39.52% to ¥3,988.53, compared to ¥2,858.75 in the previous year, indicating increased investment in innovation[8] - Research and development expenses increased to ¥39,885,254.21, up 39.6% from ¥28,587,487.51 in the previous year[18] Operating Costs - The company experienced a 41.93% increase in operating costs, totaling ¥62,449.02, driven by higher sales volumes[8] - The company reported a total cost of operations of ¥712,892,464.65, which is an increase of 39.2% from ¥511,910,831.12 in Q1 2023[18] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 25,059[10] - The company distributed dividends and profits amounting to CNY 4,173,848.14, compared to CNY 2,769,764.76 in the previous year[23] Other Income and Subsidies - The company received government subsidies that increased other income by 392.78% to ¥1,892.39 from ¥384.02 in the previous year[8] Inventory and Accounts Receivable - The company's inventory increased to CNY 506,831,892.02 from CNY 459,041,412.52, reflecting an increase of about 10.4%[15] - The company's accounts receivable decreased to CNY 667,557,330.70 from CNY 826,491,532.51, a decline of approximately 19.2%[15] Audit Status - The company has not undergone an audit for the first quarter report[24]