HHCK(SH:688535)2023-04-26 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 54,359,271.40, representing a decrease of 11.16% compared to the same period last year[5] - The net profit attributable to shareholders was CNY 4,156,112.07, down 17.45% year-on-year[5] - The net profit after deducting non-recurring gains and losses was CNY 4,101,817.13, a decrease of 11.44% compared to the previous year[5] - The basic earnings per share for the period was CNY 0.07, a decrease of 12.5%[6] - The weighted average return on equity was 1.09%, a decrease of 0.36 percentage points[6] - The total operating revenue for Q1 2023 was CNY 54,359,271.40, a decrease of 11.9% compared to CNY 61,185,170.03 in Q1 2022[20] - The total operating costs for Q1 2023 were CNY 50,236,594.09, down 9.8% from CNY 55,612,383.52 in Q1 2022[20] - The net profit for Q1 2023 was CNY 4,156,112.07, a decline of 17.4% from CNY 5,034,834.30 in Q1 2022[21] - The operating profit for Q1 2023 was CNY 4,122,677.31, down 26.0% from CNY 5,572,786.51 in Q1 2022[20] Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -4,827,777.10, reflecting a decline of 155.6%[6] - The cash flow from operating activities for Q1 2023 was negative at CNY -4,827,777.10, compared to CNY -1,888,795.31 in Q1 2022[23] - The cash inflow from investment activities was CNY 500,083.91 in Q1 2023, significantly lower than CNY 14,200,000.00 in Q1 2022[23] - The cash outflow from investment activities totaled CNY 2,477,472.15 in Q1 2023, compared to CNY 13,973,875.86 in Q1 2022[23] - The company raised CNY 655,922,000.00 from financing activities in Q1 2023[23] - Cash and cash equivalents as of March 31, 2023, amounted to CNY 729,927,761.99, significantly up from CNY 80,817,049.42 at the end of 2022[14] - The net increase in cash and cash equivalents was $649.12 million[24] - Cash and cash equivalents at the beginning of the period were $80.61 million[24] - Cash and cash equivalents at the end of the period reached $729.73 million[24] - The impact of exchange rate changes on cash and cash equivalents was a decrease of $43.56 thousand[24] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,140,401,486.10, an increase of 125.51% compared to the end of the previous year[6] - Total assets increased to CNY 1,140,401,486.10 as of March 31, 2023, compared to CNY 505,706,651.89 at the end of 2022[16] - Total liabilities decreased to CNY 115,020,803.11 from CNY 126,875,413.01 at the end of 2022[16] - The company reported a total current asset of CNY 980,548,516.28, up from CNY 346,510,684.23 at the end of 2022[14] - The company's equity attributable to shareholders rose to CNY 1,025,380,682.99 from CNY 378,831,238.88 at the end of 2022[16] - Shareholders' equity attributable to the parent company reached CNY 1,025,380,682.99, up 170.67% from the previous year-end[6] Research and Development - Research and development expenses totaled CNY 4,890,995.61, which is 9.00% of operating revenue, an increase of 2.50 percentage points year-on-year[6] - Research and development expenses increased to CNY 4,890,995.61 in Q1 2023, up 23.1% from CNY 3,973,009.14 in Q1 2022[20] Corporate Developments - The company has not disclosed any new product or technology developments in the current report[13] - There are no significant mergers or acquisitions reported during the quarter[13] - The company did not apply new accounting standards or interpretations for the first time in 2023[24] - The report was released on April 26, 2023, by Jiangsu Huahai Chengke New Materials Co., Ltd.[24] - The company is led by Han Jianglong, with Dong Dongfeng responsible for accounting work[24] - The financial report reflects adjustments for the first-time implementation of new accounting standards[24]