HIUV(SH:688680)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥1,350,884,489.26, representing a year-on-year increase of 9.98%[5] - The net profit attributable to shareholders decreased by 70.56% to ¥22,745,698.07 compared to the same period last year[5] - Basic earnings per share fell by 70.65% to ¥0.27, while diluted earnings per share decreased by 71.74% to ¥0.26[6] - Net profit for Q1 2023 was ¥22,745,698.07, a significant decrease of 70.66% from ¥77,248,351.96 in Q1 2022[21] - Basic earnings per share for Q1 2023 were ¥0.27, down from ¥0.92 in Q1 2022, indicating a decline of 70.65%[22] Research and Development - Research and development expenses totaled ¥48,681,480.80, accounting for 3.60% of operating revenue, an increase of 0.42 percentage points[6] - The company plans to continue investing in R&D to enhance product offerings and address rising material costs[10] - Research and development expenses for Q1 2023 were ¥39,530,819.31, slightly up from ¥39,092,028.87 in Q1 2022, indicating a year-over-year increase of 1.12%[20] Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥720,599,081.09, indicating a significant cash outflow[5] - Cash flow from operating activities in Q1 2023 was ¥828,349,873.31, an increase of 28.00% compared to ¥647,524,083.83 in Q1 2022[24] - The net cash flow from operating activities was -720,599,081.09, compared to -689,553,708.17 in the previous year, indicating a decline in operational cash flow[25] - The total cash inflow from financing activities was 1,145,973,672.91, up from 812,208,902.62 year-over-year, reflecting increased borrowing and investment activities[26] - The ending balance of cash and cash equivalents was 534,097,704.82, up from 322,164,387.49 year-over-year, indicating a stronger liquidity position[26] Assets and Liabilities - Total assets at the end of the reporting period were ¥6,722,637,944.16, reflecting a 3.78% increase from the end of the previous year[6] - The company's current assets totaled CNY 5,528,989,315.58, compared to CNY 5,423,438,266.28 at the end of 2022, indicating an increase of about 1.96%[17] - Total liabilities as of March 31, 2023, were CNY 5,529,000,000, with short-term borrowings at CNY 2,607,492,362.91, an increase from CNY 2,547,430,837.38 at the end of 2022[17] - Total liabilities as of Q1 2023 amounted to ¥4,218,184,065.61, compared to ¥3,996,045,549.77 in the previous year, representing a growth of 5.55%[19] Operational Costs - Operating costs for Q1 2023 were ¥1,343,162,746.18, up from ¥1,132,717,072.66 in Q1 2022, reflecting a year-over-year increase of 18.59%[20] - The increase in costs was primarily due to rising prices of EVA resin, which affected the gross margin of the company's film products[10] - The cash paid for purchasing goods and services was 1,353,731,681.98, an increase from 1,222,845,245.57, reflecting higher operational costs[25] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 6,751, with the top shareholder holding 23.83% of the shares[12] Other Financial Metrics - Non-recurring gains and losses for the period amounted to -¥849,941.39, influenced by various factors including asset impairment and financial expenses[9] - Financial expenses in Q1 2023 were ¥21,213,005.61, significantly higher than ¥6,855,608.08 in Q1 2022, reflecting an increase of 209.66%[20] - The company reported a total of ¥540,411,811.44 in bonds payable as of Q1 2023, compared to ¥532,068,435.89 in the previous year, showing a slight increase of 1.28%[19] - The cash flow from investment activities was -203,601,992.17, compared to -34,296,253.77 in the previous year, indicating a significant increase in investment outflows[25] - The cash received from other financing activities was 568,803,822.91, compared to 447,208,902.62 in the previous year, indicating a rise in additional financing sources[26]