Hirisun(SZ:300277)2024-08-01 12:21Financial Performance - The company's operating revenue for Q1 2023 was CNY 19,924,199.80, a decrease of 21.18% compared to CNY 25,278,102.16 in the same period last year[2] - Net profit attributable to shareholders was CNY 101,611.14, representing a growth of 109.48% from a loss of CNY 1,072,224.67 in the previous year[2] - The gross profit margin improved, contributing to the significant increase in net profit despite a decline in revenue[4] - Total operating revenue for Q1 2023 was CNY 19,924,199.80, a decrease of 21.5% compared to CNY 25,278,102.16 in the same period last year[12] - Net profit attributable to the parent company for Q1 2023 was CNY 101,611.14, compared to a net loss of CNY 1,594,496.42 in the previous year[14] - The company reported a basic earnings per share of CNY 0.0003 for Q1 2023, compared to a loss per share of CNY -0.0032 in the same period last year[15] Cash Flow and Liquidity - The net cash flow from operating activities increased by 198.11% to CNY 24,402,213.08, up from CNY 8,185,656.42 year-on-year[2] - The company reported a net cash inflow from operating activities of CNY 81,427,687.06, an increase from CNY 58,776,681.16 in the same period last year[16] - The company's cash and cash equivalents increased by 136.06% to CNY 6,300,000.00, driven by higher cash receipts from sales[8] - The ending balance of cash and cash equivalents increased to ¥64,040,610.93 from ¥31,774,842.78, marking a rise of approximately 101.5%[17] - Total cash outflow from operating activities amounted to ¥57,025,473.98, compared to ¥50,591,024.74 in the previous year, indicating an increase of about 12.5%[17] - The net cash flow from investing activities was -¥11,868,985.01, an improvement from -¥35,696,515.64 in Q1 2022, showing a reduction in losses by approximately 66.8%[17] - The net cash flow from financing activities was -¥2,729,673.51, a decline from a positive cash flow of ¥326,309.99 in the same quarter last year[17] Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 705,493,273.41, reflecting a 4.57% increase from CNY 674,642,833.14 at the end of the previous year[2] - The total liabilities as of the end of Q1 2023 were CNY 201,686,442.59, compared to CNY 169,343,117.04 at the end of the previous year, indicating an increase of 19.2%[12] - The total current assets are reported at 633,438,931.57 RMB, up from 602,972,577.60 RMB at the start of the year[12] - The total liabilities include accounts payable of 33,566,031.48 RMB, slightly up from 33,024,475.75 RMB[12] - The company has a contract liability of 156,254,350.90 RMB, which increased from 117,199,714.19 RMB[12] Shareholder Information - The total number of common shareholders at the end of the reporting period is 15,548[9] - The largest shareholder, Hangzhou Financial Investment Group Co., Ltd., holds 29.80% of shares, totaling 99,830,000 shares[10] - The total equity attributable to shareholders of the parent company was CNY 485,330,783.92, slightly up from CNY 485,229,172.78 year-over-year[12] Operational Efficiency - Accounts receivable decreased by 30.65% to CNY 2,276,000.00, indicating better collection performance during the reporting period[5] - The company reported a decrease in operating costs by 31.31% to CNY 1,490,000.00, attributed to lower revenue and improved gross margin[6] - Research and development expenses for Q1 2023 were CNY 2,268,336.73, a decrease of 26.7% from CNY 3,097,815.29 in the previous year[14] - The company paid ¥10,634,542.33 in employee compensation, up from ¥9,509,171.69, which is an increase of about 11.8%[17] - Tax payments increased to ¥4,429,087.51 from ¥2,591,087.63, representing a growth of approximately 71.1%[17] Audit and Compliance - The company did not conduct an audit for the Q1 report[18]