HHWW(SH:600172)2025-04-29 14:08Financial Performance - The company's operating revenue for Q1 2025 was CNY 319,887,881.20, a decrease of 2.61% compared to CNY 328,476,335.51 in the same period last year[4]. - The net profit attributable to shareholders was a loss of CNY 167,411,096.39, compared to a loss of CNY 105,861,600.54 in the previous year, indicating a worsening performance[4]. - The net profit for Q1 2025 was -168,068,792.69 RMB, compared to -105,861,600.54 RMB in Q1 2024, indicating a significant increase in losses[17]. - The total comprehensive income for Q1 2025 was -168,064,902.32 RMB, compared to -105,866,659.86 RMB in the same period last year[18]. - The total operating profit for Q1 2025 was -169,832,945.07 RMB, compared to -111,323,378.28 RMB in Q1 2024, reflecting a worsening performance[17]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -85,750,220.73, a significant decline of 208.30% from CNY 79,179,523.68 in the same period last year[4][7]. - The operating cash flow for Q1 2025 was -85,750,220.73 RMB, a decline from a positive cash flow of 79,179,523.68 RMB in Q1 2024[22]. - Cash and cash equivalents at the end of Q1 2025 amounted to 348,048,260.36 RMB, up from 318,239,873.95 RMB at the end of Q1 2024[24]. - The company's cash and cash equivalents increased to CNY 353,087,735.28 from CNY 319,298,053.85[12]. - The company’s cash flow from financing activities in Q1 2025 was 171,870,481.45 RMB, a significant improvement from -45,378,570.72 RMB in Q1 2024[22]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 7,777,930,317.24, a slight increase of 0.02% from CNY 7,776,020,067.79 at the end of the previous year[5]. - Current liabilities totaled CNY 6,125,688,371.24, an increase from CNY 5,949,036,457.48 in the previous period[14]. - The company’s total liabilities reached CNY 6,425,166,281.76, compared to CNY 6,255,191,129.99 in the previous period[14]. - Inventory decreased slightly to CNY 667,339,801.80 from CNY 672,104,387.37[13]. Shareholder Information - Basic and diluted earnings per share were both CNY -0.1203, compared to CNY -0.0760 in the previous year, reflecting a deeper loss per share[5]. - Shareholders' equity attributable to shareholders decreased by 11.09% to CNY 1,342,697,012.27 from CNY 1,510,104,218.29 at the end of the previous year[5]. - The total number of ordinary shareholders at the end of the reporting period was 110,126[9]. Operating Costs and Expenses - Total operating costs increased to CNY 438,061,858.46 in Q1 2025, up 4.0% from CNY 417,775,323.19 in Q1 2024[16]. - Operating costs included CNY 294,381,207.96 in cost of goods sold, which rose from CNY 257,082,521.09 in the previous year[16]. - Research and development expenses for Q1 2025 were CNY 14,741,659.68, down from CNY 17,115,530.71 in Q1 2024[16]. Other Financial Metrics - The weighted average return on equity decreased to -11.74%, down 7.40 percentage points from -4.34% in the previous year[5]. - The company recognized government subsidies of CNY 1,005,514.22, which are expected to have a continuous impact on profits[6]. - The company reported a non-recurring loss of CNY 403,702.25 from the disposal of non-current assets[6]. - The company reported a decrease in cash received from sales of goods and services, totaling 220,611,430.87 RMB in Q1 2025, down from 243,180,991.47 RMB in Q1 2024[21]. - The company incurred credit impairment losses of -10,740,009.84 RMB in Q1 2025, compared to -25,978,700.37 RMB in Q1 2024, showing an improvement[17]. - The company reported a total of 3,890.37 RMB in other comprehensive income for Q1 2025, compared to -5,059.32 RMB in Q1 2024, indicating a recovery[17].