HIG(SZ:000548)2023-04-26 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥109,000,814.01, representing a 45.80% increase compared to ¥74,759,041.52 in the same period last year[4] - Net profit attributable to shareholders was ¥19,259,776.02, a significant increase of 134.27% from ¥8,221,321.33 year-on-year[4] - Basic earnings per share rose to ¥0.039, reflecting a 143.75% increase compared to ¥0.016 in the same period last year[4] - Operating profit for the period was ¥26,274,403.63, up 110.9% from ¥12,504,768.34 in the previous year[28] - The company reported a total comprehensive income of ¥19,259,776.02 for the period, which is a 134.5% increase from the previous year's ¥8,221,321.33[29] Cash Flow - The net cash flow from operating activities reached ¥215,978,478.61, a remarkable turnaround of 738.00% from a negative cash flow of -¥33,852,482.41 in the previous year[4] - Cash flow from operating activities was ¥359,731,760.07, a substantial increase from ¥213,837,416.39 in the same period last year[29] - Total cash inflow from operating activities amounted to ¥374,002,689.13, while cash outflow was ¥158,024,210.52, resulting in a net cash inflow of 57.7%[30] - Cash and cash equivalents at the end of Q1 2023 reached ¥819,347,668.68, up from ¥478,503,108.11 at the end of Q1 2022, representing an increase of 71.4%[30] - The cash flow from operating activities indicates a strong recovery compared to the previous year, highlighting improved operational efficiency[30] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,576,136,815.95, marking a 6.66% increase from ¥3,352,918,249.54 at the end of the previous year[4] - Total liabilities rose to ¥1,696,090,777.97, up from ¥1,492,131,987.58, marking an increase of 13.7%[27] - The total current assets at the end of the reporting period are RMB 2,616,197,447.94, compared to RMB 2,375,656,757.64 at the beginning of the year[25] Shareholder Information - The total number of common shareholders at the end of the reporting period is 56,082[18] - The largest shareholder, Changsha Ring Road Construction Development Group Co., Ltd., holds 32.31% of shares, totaling 161,306,457 shares[18] Real Estate Projects - The cumulative sales rate for the Guangrongfu real estate project is 52.17%, with 192 out of 368 units sold[19] - The Guangrunfu Garden real estate project has a sales rate of 93.75%, with 1,005 out of 1,072 units sold[20] - The increase in cash and cash equivalents was primarily due to a 29.75% rise in monetary funds, totaling ¥821,255,693.36, attributed to increased pre-sales in the Guangrun Fuyuan real estate project[10] - The company is conducting market research and optimizing project design for the Guangluo and Fu real estate project to achieve rapid sales[21] Investments and Subsidiaries - The company established a subsidiary, Hunan Junyi Wealth Grand Hotel Co., Ltd., with a total investment of RMB 50 million[22] - The company received 6,009,685 shares from Hengyang Jinli Technology Agriculture Co., Ltd. as part of debt settlement, including 2,843,428 circulating shares[23] Operational Efficiency - The company experienced a 45.72% decrease in selling expenses, which fell to ¥2,785,777.07, primarily due to lower costs associated with the previous year's project launch[12] - The company's weighted average return on equity improved to 1.03%, an increase of 0.58 percentage points from 0.45% in the previous year[4] - The company continues to focus on managing cash flow effectively amidst fluctuating market conditions[30] Audit and Reporting - The company did not conduct an audit for the Q1 2023 report[32]