HHI(SH:601226)2023-04-20 16:00Financial Performance - In Q1 2023, the company achieved operating revenue of 901 million RMB, a year-on-year decrease of 32.18%[11] - The net profit attributable to shareholders was -109.78 million RMB, a year-on-year decrease of 0.70%[11] - New sales contracts signed in Q1 2023 amounted to 1.286 billion RMB, a year-on-year decrease of 7.08%[11] - The company's operating revenue for the first quarter of 2023 was ¥900,593,681.20, representing a decrease of 32.18% compared to the same period last year[30] - The net profit attributable to shareholders of the listed company was -¥109,784,235.53, a decrease of 0.70% year-on-year[30] - The net cash flow from operating activities was -¥700,483,110.09, showing an increase of 4.78% compared to the previous year[30] - The net loss for Q1 2023 was ¥111,193,042.13, compared to a net loss of ¥110,004,123.01 in Q1 2022, indicating a slight increase in losses[40] - The company reported a total profit of -¥108,066,458.13 for Q1 2023, slightly worse than -¥106,474,788.27 in Q1 2022[40] Assets and Liabilities - The total assets of the company as of March 31, 2023, were ¥10,426,438,891.64, a decrease from ¥11,285,803,732.89 at the end of 2022[25] - The total liabilities of the company were ¥6,156,932,114.24 as of March 31, 2023, down from ¥6,906,208,999.82 at the end of 2022[25] - Shareholders' equity attributable to the listed company decreased by 2.59% to ¥4,093,546,099.97 from ¥4,202,225,249.04 at the end of the previous year[31] - Total assets decreased by 7.61% to ¥10,426,438,891.64 from ¥11,285,803,732.89 at the end of the previous year[31] Research and Development - Research and development expenses increased to ¥64,986,886.62 in Q1 2023 from ¥54,814,916.43 in Q1 2022, marking an increase of approximately 18.5%[40] - The company has developed new intelligent port machinery products, including an environmentally friendly and efficient new type of shore bridge, which is currently undergoing on-site debugging[22] - The company has actively undertaken major scientific and technological projects related to hydrogen energy, becoming a key player in promoting the hydrogen energy industry within the China Huadian Group[22] Strategic Focus - The company is focusing on expanding its offshore wind power projects, with significant ongoing developments in various provinces[11] - The company is also exploring opportunities in hydrogen energy as part of its long-term strategic planning[11] - The company plans to enhance its coal power capacity in response to national energy policies aimed at improving reliability and efficiency[11] Other Financial Metrics - The company reported a basic earnings per share of -¥0.0941 for the first quarter of 2023, reflecting a year-on-year change of 0.32%[30] - The weighted average return on equity decreased to -2.65%, an increase of 0.13 percentage points compared to the end of the previous year[31] - Total operating costs for Q1 2023 were ¥1,010,398,225.11, a decrease from ¥1,439,867,137.94 in Q1 2022, reflecting a decline of about 29.8%[40] - Basic earnings per share for Q1 2023 were -¥0.0941, compared to -¥0.0944 in Q1 2022[40] - Other income for Q1 2023 was ¥254,001.78, compared to ¥39,635.89 in Q1 2022, showing a significant increase[40]