HEC(SZ:000886)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥20,877,565.43, a decrease of 51.31% compared to ¥42,877,777.49 in the same period last year[3] - The net profit attributable to shareholders was -¥1,037,144.90, representing a decline of 192.45% from ¥1,092,960.41 in Q1 2022[3] - Basic earnings per share were -¥0.001, down 200.00% from ¥0.001 in the same period last year[4] - Net profit for Q1 2023 was a loss of CNY 594,297.03, compared to a profit of CNY 1,578,223.53 in Q1 2022, representing a significant decline[24] Cash Flow - The net cash flow from operating activities was -¥23,579,598.70, a decrease of 115.84% compared to -¥10,924,349.86 in the previous year[3] - The net cash flow from investing activities was -669,640,368.81 RMB, representing a 219.10% increase from -209,851,020.91 RMB in the same period last year[10] - The net cash flow from financing activities decreased by 94.76% to -882,502.28 RMB from -453,113.86 RMB in Q1 2022[10] - The total cash and cash equivalents decreased by 213.75% to -694,102,469.79 RMB compared to -221,228,484.63 RMB in the previous year[10] - The net cash flow from operating activities was -23,579,598.70, compared to -10,924,349.86 in the previous year, indicating a decline in operational cash flow[27] - The net cash flow from financing activities was -882,502.28, compared to -453,113.86 in the previous year, indicating increased financing pressure[28] Assets and Liabilities - Total assets at the end of Q1 2023 were ¥3,419,528,555.35, an increase of 1.34% from ¥3,374,327,799.18 at the end of the previous year[4] - The company's total current assets as of March 31, 2023, amounted to 2,180,338,105.65 RMB, slightly down from 2,191,409,470.47 RMB at the beginning of the year[18] - The long-term equity investment as of March 31, 2023, was 787,724,332.98 RMB, down from 792,065,787.77 RMB at the beginning of the year[18] - Total liabilities increased to CNY 390,941,468.87 in Q1 2023, compared to CNY 344,465,320.99 in the previous period[20] - The company's total equity as of the end of Q1 2023 was CNY 3,028,587,086.48, slightly down from CNY 3,029,935,178.26 in the previous period[20] Investment and Income - The company reported a significant increase in trading financial assets, which rose by 603.76% to ¥917,385,742.46 due to the purchase of structured deposits[8] - The company's investment income for Q1 2023 was ¥4,162,463.14, an increase of 181.85% compared to a loss of -¥5,085,581.46 in the same period last year[9] - The company recorded a 173.62% increase in non-operating income, amounting to ¥76,958.95, primarily from fixed asset disposal income[9] - The company received 693,647,511.16 in cash from investment recoveries, reflecting a stable investment recovery process[27] - The cash received from other operating activities was 38,347,471.58, up from 26,179,096.45 year-over-year, indicating improved operational cash inflows[27] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 61,850[12] - The largest shareholder, Hainan Provincial Transportation Investment Holding Co., Ltd., holds 25.36% of the shares, totaling 250,731,536 shares[12] Operational Costs - The company's operating costs decreased by 51.64% to ¥7,646,970.93, reflecting a reduction in real estate sales[9] - Total operating costs for Q1 2023 were CNY 29,342,151.37, down 26.7% from CNY 40,119,692.74 year-over-year[22] Other Information - The actual controller of the company changed from the Hainan Provincial Transportation Department to the Hainan Provincial State-owned Assets Supervision and Administration Commission[15] - The company did not undergo an audit for the first quarter report[29]