HYC(688001)2023-04-27 16:00Financial Performance - The company reported a non-recurring profit of RMB 2,684,851.31 in the first quarter of 2023, with government subsidies contributing RMB 1,202,974.82 and other non-operating income totaling RMB 463,633.81[6][7]. - The company's operating revenue for the current period is CNY 358,690,643.86, representing a decrease of 3.91% compared to the same period last year[22]. - The net profit attributable to shareholders of the listed company is CNY 26,802,556.67, down 34.41% year-on-year[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses is CNY 24,117,705.36, a decrease of 10.38% compared to the previous year[22]. - Basic earnings per share are CNY 0.06, down 32.41% year-on-year[22]. - Diluted earnings per share are also CNY 0.06, showing a decrease of 32.41% compared to the same period last year[22]. - The total comprehensive income for Q1 2023 was CNY 25,374,781.65, a decrease from CNY 39,645,436.99 in Q1 2022[49]. Cash Flow - The net cash flow from operating activities is CNY -6,736,095.34, reflecting a significant decline of 93.88%[22]. - Cash inflow from investment activities totaled CNY 700,762,559.11, compared to CNY 646,551,595.96 in the prior year, marking an increase of 8.3%[41]. - Net cash flow from investment activities was CNY -144,162,238.55, a decline from CNY 44,749,214.51 in the previous year[41]. - Net cash flow from financing activities was CNY -2,332,103.76, a significant decrease from CNY 216,757,089.48 in Q1 2022[42]. - The ending balance of cash and cash equivalents was CNY 1,251,490,351.54, down from CNY 1,265,769,471.46 at the end of Q1 2022[42]. Assets and Liabilities - The total assets amount to CNY 5,461,199,168.66, a slight decrease from CNY 5,547,120,733.41 in the previous period[16]. - The total liabilities are CNY 1,633,072,319.02, down from CNY 1,747,390,020.38 in the previous period[16]. - The total equity attributable to shareholders is CNY 3,828,126,849.64, reflecting a decrease from CNY 3,799,730,713.03[16]. - The company has a contract liability of CNY 55,950,991.34, an increase from CNY 40,572,145.61 in the previous period[16]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 9,819, with the largest shareholder holding 52.42% of the shares[9]. - The company has not reported any significant changes in shareholder relationships or actions among the top ten shareholders during the reporting period[13]. Research and Development - Total R&D investment amounted to ¥89,048,381.25, representing an increase of 8.58%[23]. - R&D investment as a percentage of operating revenue increased by 2.86 percentage points to 24.83%[23]. - Research and development expenses for Q1 2023 were CNY 89,048,381.25, an increase of 8.4% from CNY 82,008,095.62 in Q1 2022[47]. Operational Insights - Accounts receivable increased by 28,580.20%, primarily due to an increase in bank acceptance bills received by the company[7]. - Prepayments rose by 42.82%, mainly due to increased advance payments for raw materials[7]. - Other non-current financial assets increased by 51.04%, attributed to new external investments made by the company[7]. - Sales expenses rose by 40.83%, attributed to an increase in sales personnel and annual salary adjustments[26]. - Total operating costs for Q1 2023 were CNY 329,723,463.65, down from CNY 338,728,582.11 in Q1 2022, reflecting a reduction of 2.9%[47]. Future Outlook and Risks - The company has not provided specific future outlook or performance guidance for the upcoming quarters[8]. - The report indicates that there were no significant risks or uncertainties affecting the company's operations during the reporting period[8]. - There were no announcements regarding market expansion or mergers and acquisitions in the first quarter of 2023[8]. - The company did not disclose any new product developments or technological advancements in this quarter[8].