HST(SH:600817)2023-04-26 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 627,366,569.30, a decrease of 15.22% compared to the same period last year[4] - The net profit attributable to shareholders was CNY 29,298,651.91, down 65.50% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 25,171,733.34, a decline of 49.34% compared to the previous year[4] - The basic earnings per share were CNY 0.0536, reflecting a decrease of 67.01% year-on-year[4] - Total revenue for Q1 2023 was ¥627,366,569.30, a decrease of 15.2% compared to ¥740,022,775.20 in Q1 2022[20] - Net profit for Q1 2023 was ¥37,875,556.37, a decline of 58.7% from ¥91,712,095.41 in Q1 2022[20] - Earnings per share for Q1 2023 was ¥0.0536, compared to ¥0.1626 in Q1 2022[21] Assets and Liabilities - The total assets at the end of the reporting period were CNY 4,532,539,292.80, down 4.19% from the end of the previous year[4] - As of March 31, 2023, the total assets of the company amounted to RMB 4,532,539,292.80, a decrease from RMB 4,730,718,235.13 as of December 31, 2022[16] - The company's total liabilities decreased to ¥1,871,963,315.88 in Q1 2023 from ¥2,108,327,197.89 in Q4 2022, a reduction of 11.2%[17] - The total equity attributable to shareholders increased to ¥2,460,811,309.73 in Q1 2023 from ¥2,429,811,769.62 in Q4 2022, an increase of 1.3%[17] Cash Flow - The company reported a net cash flow from operating activities of CNY 62,463,179.10, which was not applicable for year-on-year comparison[4] - In Q1 2023, the net cash flow from operating activities was ¥62,463,179.10, a significant improvement from -¥179,261,643.00 in Q1 2022[24] - Total cash inflow from operating activities was ¥826,796,112.04, slightly up from ¥820,656,646.93 in the same period last year[24] - Cash outflow for purchasing goods and services decreased to ¥530,849,416.56 from ¥673,588,536.77 year-over-year, indicating a reduction of approximately 21.1%[24] - The net cash flow from investing activities was -¥257,738,326.73, an improvement from -¥741,406,998.58 in Q1 2022[24] - Cash and cash equivalents at the end of Q1 2023 stood at ¥934,912,803.86, compared to ¥759,205,574.64 at the end of Q1 2022, reflecting an increase of approximately 23.1%[25] - The net increase in cash and cash equivalents for Q1 2023 was -¥195,372,901.34, an improvement from -¥925,929,211.80 in Q1 2022[25] Shareholder Information - The company had a total of 15,588 common shareholders at the end of the reporting period[8] - The largest shareholder, Zhengzhou Yutong Group Co., Ltd., held 53.97% of the shares, totaling 294,756,351 shares[8] - The actual controller of the company has changed to Mr. Tang Yuxiang as of February 6, 2023, following the transfer of shares[11] - The total number of shares held by Yutong Group and its subsidiaries after the acquisition is 374,476,914 shares, accounting for 68.56% of the total share capital[13] Operational Insights - The decline in net profit was primarily due to a decrease in sales of sanitation equipment products[7] - Research and development expenses for Q1 2023 were ¥36,658,910.49, down 14.3% from ¥42,750,117.31 in Q1 2022[20] - Interest income for Q1 2023 was ¥12,161,619.69, significantly higher than ¥5,859,376.51 in Q1 2022[20] - The company plans to focus on market expansion and new product development in the upcoming quarters[19] Regulatory and Market Environment - The company received a decision from the State Administration for Market Regulation confirming no further review of the concentration of operators related to the change of actual controller[12] - The company has issued multiple announcements regarding the risks associated with the acquisition by Yutong Group[12]