Haoneng(SH:603809)2023-04-20 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥378,723,215.22, representing a decrease of 7.45% compared to the same period last year[3]. - The net profit attributable to shareholders for Q1 2023 was ¥43,316,929.28, down 47.15% year-on-year[3]. - Basic earnings per share for Q1 2023 were ¥0.1111, a decrease of 47.69% year-on-year[3]. - The company's total comprehensive income for Q1 2023 was CNY 43,143,748.38, down from CNY 86,008,438.33 in Q1 2022, indicating a significant decline in overall profitability[16]. - The company’s operating profit for Q1 2023 was CNY 48,654,737.40, a decrease of 51.1% from CNY 99,408,509.62 in Q1 2022[16]. - The total revenue from operating activities decreased to CNY 262,891,276.14 in Q1 2023, down from CNY 328,753,856.41 in Q1 2022, representing a decline of approximately 20%[18]. - The net profit for Q1 2023 was CNY 43,143,748.38, a decrease of 49.8% compared to CNY 86,008,438.33 in Q1 2022[16]. - The operating profit for Q1 2023 was a loss of ¥1,610,126.96, compared to a profit of ¥4,295,284.85 in Q1 2022[25]. - The net profit for Q1 2023 was a loss of ¥1,403,451.27, compared to a profit of ¥3,650,992.12 in Q1 2022[25]. Cash Flow - The net cash flow from operating activities was -¥65,572,950.13, a decline of 140.62% compared to the previous year[3]. - The cash flow from operating activities showed a net outflow of CNY -65,572,950.13 in Q1 2023, compared to CNY -27,252,073.42 in Q1 2022, indicating a worsening cash flow situation[18]. - The company incurred a net cash outflow from investing activities of CNY -32,325,764.27 in Q1 2023, compared to CNY -149,472,465.08 in Q1 2022, indicating improved cash management in investments[19]. - The financing activities generated a net cash inflow of CNY 18,021,865.59 in Q1 2023, a decrease from CNY 136,336,094.30 in Q1 2022, reflecting reduced financing activities[19]. - Cash inflow from operating activities in Q1 2023 was 66,439,664.58 RMB, down 43.4% from 117,568,284.43 RMB in Q1 2022[26]. - The net cash flow from operating activities improved to 27,039,787.76 RMB in Q1 2023, compared to a negative 118,902,679.08 RMB in Q1 2022[26]. - Cash outflow from financing activities in Q1 2023 was 45,523,904.66 RMB, compared to 210,457,923.74 RMB in Q1 2022, showing a reduction in financing costs[27]. - The company reported a cash flow from financing activities net amount of -44,137,646.84 RMB in Q1 2023, contrasting with a positive 34,862,877.07 RMB in Q1 2022[27]. Assets and Liabilities - Total assets at the end of Q1 2023 were ¥4,867,684,808.19, an increase of 3.28% from the end of the previous year[4]. - Total liabilities increased to ¥2,710,541,076.33 in Q1 2023 from ¥2,600,811,975.01 in Q4 2022, marking an increase of 4.2%[12]. - The company's non-current assets totaled ¥3,185,757,707.14 as of March 31, 2023, compared to ¥3,102,320,346.12 at the end of 2022, showing a growth of 2.7%[13]. - The company's cash and cash equivalents increased to ¥1,681,927,101.05 in Q1 2023 from ¥1,610,574,304.95 in Q4 2022, representing a rise of 4.4%[12]. - The company's retained earnings as of March 31, 2023, were ¥1,300,667,159.20, up from ¥1,257,350,229.92 at the end of 2022, indicating an increase of 3.4%[13]. - The total assets as of March 31, 2023, included cash and cash equivalents of CNY 75,408,763.02, down from CNY 132,711,647.63 at the end of 2022[21]. - The total liabilities increased to ¥1,333,990,196.39 as of March 31, 2023, from ¥1,328,445,678.75 at the end of 2022[23]. Shareholder Information - The company reported a total of 13,155 common shareholders at the end of the reporting period[7]. - The top shareholder, Xiang Chaodong, holds 71,344,000 shares, accounting for 18.12% of the total shares[7]. Operational Efficiency - The company experienced a significant decline in gross margin due to product capacity release not meeting expectations and product structure adjustments[5]. - The company is focusing on digital accounts receivable collection methods, which have increased compared to the previous year[5]. - Total operating costs increased to ¥329,938,550.99 in Q1 2023, up from ¥312,198,931.08 in Q1 2022, representing a rise of 5.5%[14]. - Research and development expenses for Q1 2023 were ¥21,549,196.75, compared to ¥20,945,155.61 in Q1 2022, indicating an increase of 2.9%[14]. - The company's financial expenses for Q1 2023 were ¥11,679,948.00, significantly higher than ¥4,178,696.50 in Q1 2022, primarily due to increased interest expenses[25]. - The company reported a significant increase in credit impairment losses, amounting to CNY -3,311,972.07 in Q1 2023, compared to CNY -1,096,171.61 in Q1 2022[16]. - The company's inventory increased to ¥51,471,705.78 from ¥45,103,180.14, indicating a 14.5% rise[22]. - The company reported a significant increase in contract liabilities, rising to ¥57,651,647.99 from ¥38,490,100.73[23].