Hengtong(SH:600226)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥129,246,950.88, a decrease of 18.48% compared to ¥158,545,781.18 in the same period last year[6]. - The net profit attributable to shareholders for Q1 2023 was ¥42,993,520.28, representing a significant decline of 87.11% from ¥333,681,327.24 in the previous year[6]. - The basic and diluted earnings per share for Q1 2023 were both ¥0.01, down 90.91% from ¥0.11 in the previous year[7]. - Total operating revenue for Q1 2023 was CNY 129,246,950.88, a decrease of 18.43% compared to CNY 158,545,781.18 in Q1 2022[24]. - Net profit for Q1 2023 was CNY 42,065,651.00, a significant decline from CNY 333,617,734.31 in Q1 2022[25]. - Earnings per share for Q1 2023 were CNY 0.01, compared to CNY 0.11 in Q1 2022[26]. - Research and development expenses for Q1 2023 were CNY 1,730,509.09, a decrease of 58.65% from CNY 4,178,493.77 in Q1 2022[25]. - The company reported investment income of CNY 53,805,335.60 in Q1 2023, down from CNY 382,723,350.44 in Q1 2022[25]. - Other comprehensive income for Q1 2023 was CNY -278,592.39, compared to CNY 1,027,556.22 in Q1 2022[26]. Cash Flow - The company reported a net cash flow from operating activities of -¥24,167,141.55, primarily due to tax payments for the previous year[7]. - In Q1 2023, cash inflow from operating activities totaled ¥157,300,641.46, a significant increase from ¥99,547,233.92 in Q1 2022, representing a growth of approximately 58%[29]. - Cash outflow from operating activities in Q1 2023 was ¥181,467,783.01, compared to ¥102,160,782.20 in Q1 2022, resulting in a net cash flow from operating activities of -¥24,167,141.55, worsening from -¥2,613,548.28 in the previous year[30]. - Cash inflow from investment activities was ¥103,039,581.61 in Q1 2023, down from ¥454,260,536.23 in Q1 2022, indicating a decline of approximately 77%[30]. - Cash outflow from investment activities surged to ¥278,438,275.53 in Q1 2023, compared to ¥105,493,761.44 in Q1 2022, leading to a net cash flow from investment activities of -¥175,398,693.92, a significant drop from ¥348,766,774.79 in the previous year[30]. - Cash inflow from financing activities reached ¥163,887,500.00 in Q1 2023, up from ¥80,892,270.00 in Q1 2022, marking an increase of approximately 102%[30]. - Net cash flow from financing activities improved to ¥142,268,765.58 in Q1 2023, compared to ¥12,226,855.57 in Q1 2022, reflecting a substantial increase[30]. - The ending balance of cash and cash equivalents as of Q1 2023 was ¥819,171,042.15, compared to ¥709,677,184.19 at the end of Q1 2022, showing an increase of approximately 15%[30]. - The company received tax refunds amounting to ¥645,120.09 in Q1 2023, an increase from ¥484,847.66 in Q1 2022, representing a growth of about 33%[29]. - The company reported a significant increase in cash received from other operating activities, totaling ¥35,891,076.35 in Q1 2023, compared to ¥4,835,270.14 in Q1 2022, indicating a growth of over 640%[29]. - The company’s cash outflow for employee compensation was ¥26,536,536.28 in Q1 2023, up from ¥23,392,528.57 in Q1 2022, reflecting an increase of approximately 9%[29]. Assets and Liabilities - The total assets at the end of Q1 2023 were ¥3,647,838,905.91, an increase of 1.14% from ¥3,318,711,397.55 at the end of the previous year[7]. - The equity attributable to shareholders at the end of Q1 2023 was ¥3,136,266,199.42, a decrease of 1.22% from ¥3,088,326,777.97 at the end of the previous year[7]. - Total assets as of Q1 2023 amounted to CNY 3,647,838,905.91, slightly up from CNY 3,606,859,389.37 in the previous year[21]. - Total liabilities for Q1 2023 were CNY 270,609,949.05, down from CNY 338,878,271.15 in Q1 2022[21]. - Shareholders' equity increased to CNY 3,377,228,956.86 in Q1 2023 from CNY 3,267,981,118.22 in Q1 2022[21]. - Accounts receivable increased to ¥58,225,614.70 from ¥47,479,862.03 year-over-year[19]. - The total current assets decreased to ¥1,136,184,215.94 from ¥1,208,773,229.51 as of December 31, 2022[19]. - Long-term equity investments rose to ¥1,551,164,309.89 from ¥1,499,365,783.91 year-over-year[19]. - Other non-current financial assets increased to ¥185,706,582.89 from ¥86,716,968.77 as of December 31, 2022[19]. - The company's fixed assets decreased to ¥327,785,236.02 from ¥337,571,762.22 year-over-year[19]. - The company reported a significant increase in prepayments to ¥5,060,066.82 from ¥2,982,778.94 year-over-year[19]. Corporate Actions - The company completed the acquisition of 51% equity in Hengtong Precision Copper Foil Technology (Deyang) Co., Ltd. for ¥81.6 million, which was finalized on February 10, 2023[7]. - The company has ongoing litigation regarding accounts receivable and restructuring transaction intention funds, with favorable court rulings[15][16]. - The company is actively monitoring the operational status of its subsidiaries and their financial obligations[15].