HSPC(SH:603353)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥868,927,418.33, representing a decrease of 27.19% compared to the same period last year[6] - The net profit attributable to shareholders was ¥12,212,953.18, down 40.74% year-on-year[6] - The net profit after deducting non-recurring gains and losses was ¥8,283,788.33, a decline of 57.30% compared to the previous year[6] - The net cash flow from operating activities was ¥86,301,591.03, reflecting a significant decrease of 237.98%[6] - The company reported a net profit margin of approximately 1.1% for Q1 2023, compared to a margin of 2.1% in Q1 2022[22] - In Q1 2023, the company's net profit was CNY 12,162,851.80, a decrease of 40.5% compared to CNY 20,532,836.25 in Q1 2022[23] - Operating profit for Q1 2023 was CNY 13,732,466.23, down 48.6% from CNY 26,627,180.22 in the same period last year[23] - Basic earnings per share for Q1 2023 were CNY 0.07, compared to CNY 0.12 in Q1 2022[24] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,235,498,284.25, down 4.00% from the end of the previous year[7] - Total assets as of March 31, 2023, were RMB 2,235,498,284.25, down from RMB 2,328,579,874.65 at the end of 2022, a decrease of 4.0%[19] - Total liabilities decreased to RMB 539,762,500.78 from RMB 642,350,443.97, a reduction of 16.0%[18] - The company's equity attributable to shareholders increased to RMB 1,690,811,042.72 from RMB 1,681,254,588.55, an increase of 0.8%[19] Cash Flow and Investments - The company's cash and cash equivalents decreased to RMB 323,413,543.17 from RMB 472,592,707.99 as of December 31, 2022, representing a decline of 31.6%[16] - The company reported a cash outflow from investing activities of CNY 224,466,612.48 in Q1 2023, compared to CNY 137,355,301.54 in Q1 2022[27] - The cash and cash equivalents at the end of Q1 2023 were CNY 233,378,827.28, down from CNY 404,868,588.34 at the end of Q1 2022[28] - The company experienced a decrease in cash flow from operating activities, with total cash inflows of CNY 1,118,836,224.39, down from CNY 1,240,692,365.29 in Q1 2022[27] Shareholder Information - The company's major shareholders include Hunan Heshun Investment Development Co., Ltd., holding 41.74% of shares[13] - The increase in retained earnings indicates a positive outlook for future profitability and shareholder returns[32] Operational Highlights - The company plans to focus on market expansion and new product development in the upcoming quarters[15] - The company incurred financial expenses of CNY 4,763,582.30 in Q1 2023, an increase from CNY 1,391,112.85 in Q1 2022[23] - Investment income for Q1 2023 was CNY 1,332,847.74, up from CNY 832,097.99 in the same period last year[23] Changes in Current Assets - Accounts receivable decreased significantly to RMB 6,891,512.79 from RMB 24,289,344.37, a reduction of 71.6%[17] - Inventory decreased to RMB 196,583,910.71 from RMB 228,141,947.25, a decline of 13.8%[17] - Total current assets amounted to 933,595,104.62, with cash and cash equivalents at 472,592,707.99 and accounts receivable at 24,289,344.37[30] - The cash and cash equivalents represented approximately 50.6% of total current assets[30]