HNHS(SH:600156)2019-04-24 16:00Financial Performance - Operating revenue for the period was CNY 363,042,193.13, representing a 50.89% increase year-on-year[5] - Net profit attributable to shareholders was a loss of CNY 10,267,242.90, an improvement from a loss of CNY 11,136,742.99 in the same period last year[5] - The company reported a total comprehensive loss of ¥12,163,832.59 for Q1 2019, compared to a loss of ¥13,442,447.21 in Q1 2018, indicating overall improvement[22] - Net loss for Q1 2019 was ¥12,163,832.59, an improvement from a net loss of ¥13,442,447.21 in Q1 2018, representing a 9.5% reduction in losses[22] - The net profit attributable to shareholders of the parent company for Q1 2019 was ¥-10,267,242.90, compared to ¥-11,136,742.99 in Q1 2018, indicating a 7.8% improvement[22] Assets and Liabilities - Total assets increased by 8.49% to CNY 1,129,324,485.36 compared to the end of the previous year[5] - Total liabilities increased slightly to CNY 378,868,377.91 from CNY 373,552,545.60, indicating a growth of around 1%[17] - Current assets decreased to CNY 641,080,976.14 from CNY 680,232,084.79, a decline of about 5.8%[16] - The company's cash and cash equivalents decreased to CNY 213,386,323.74 from CNY 309,661,700.71, a drop of about 31%[16] - The company’s total liabilities were recorded at CNY 595,458,625.61, showcasing its leverage[40] Shareholders and Equity - Net assets attributable to shareholders increased by 13.10% to CNY 735,104,406.36 compared to the end of the previous year[5] - Shareholders' equity rose to CNY 750,456,107.45 from CNY 667,436,764.60, marking an increase of approximately 12.4%[17] - The total number of shareholders was 45,541, with the largest shareholder holding 40.31% of the shares[9] - The company reported a capital reserve of CNY 108,632,295.93, contributing to overall equity stability[40] Cash Flow - The net cash flow from operating activities was a negative CNY 41,048,957.33, worsening from a negative CNY 27,778,468.45 year-on-year[5] - In Q1 2019, the company's cash inflow from operating activities was CNY 312,810,635.46, an increase of 8.5% compared to CNY 288,410,750.35 in Q1 2018[27] - Cash inflow from financing activities was CNY 19,000,000.00, up 280% from CNY 5,000,000.00 in Q1 2018[28] - The company reported a cash flow net decrease of CNY -96,275,376.97 in Q1 2019, compared to CNY -17,257,214.58 in Q1 2018[28] Investments and Projects - The company reported a significant increase in construction in progress by 239.29% to CNY 50,625,812.00 due to investments in new projects[11] - Research and development expenses for Q1 2019 were ¥1,793,559.15, an increase from ¥1,129,064.88 in Q1 2018, reflecting a focus on innovation[21] - The company aims to enhance its market position through strategic investments and product development initiatives in the upcoming quarters[21] Financial Standards and Adjustments - The company has implemented new financial accounting standards effective January 1, 2019, impacting the reporting of financial instruments[34] - The company has not made adjustments to comparative data for prior periods under the new financial instrument standards[42] - The adjustment of retained earnings included a deferred tax asset of CNY 9,083,325.00 related to previously recognized impairment provisions[41]