HSSM(SZ:002290)2023-04-25 16:00Financial Performance - Revenue for Q1 2023 was ¥483,743,009.03, a decrease of 11.74% compared to ¥548,111,064.94 in the same period last year[3] - Net profit attributable to shareholders was ¥17,746,643.41, down 27.20% from ¥24,377,479.68 year-on-year[3] - Basic earnings per share decreased by 30.00% to ¥0.07 from ¥0.10 in the previous year[3] - Total operating revenue for Q1 2023 was CNY 483,743,009.03, a decrease of 11.8% compared to CNY 548,111,064.94 in Q1 2022[15] - Net profit for Q1 2023 was CNY 17,746,643.41, a decline of 27.2% from CNY 24,377,479.68 in Q1 2022[16] - Basic and diluted earnings per share for Q1 2023 were both CNY 0.07, compared to CNY 0.10 in Q1 2022[17] Cash Flow and Liquidity - Net cash flow from operating activities was ¥65,857,650.69, a decline of 29.65% compared to ¥93,608,820.82 in the same period last year[3] - Cash inflow from operating activities totaled ¥276,475,724.09, down 28.6% from ¥387,084,583.03 in the previous period[18] - Cash outflow from operating activities decreased to ¥210,618,073.40, a reduction of 28.3% from ¥293,475,762.21 in the previous period[18] - The net cash flow from investing activities is -¥4,723,339.84, compared to a positive cash flow of ¥5,676,281.03 in the previous period[19] - Cash inflow from financing activities increased to ¥76,500,000.00, up 91.3% from ¥40,000,000.00 in the previous period[19] - The ending balance of cash and cash equivalents is ¥216,924,116.21, down from ¥246,620,583.19 in the previous period[19] Assets and Liabilities - Total assets increased by 3.53% to ¥1,583,158,930.97 from ¥1,529,187,222.50 at the end of the previous year[3] - Total liabilities for Q1 2023 were CNY 949,477,775.21, up from CNY 914,720,609.67 in Q1 2022[14] - Non-current liabilities decreased to CNY 302,659,131.84 in Q1 2023 from CNY 328,372,167.10 in Q1 2022[14] - Total current assets amounted to ¥1,260,773,366.47, up from ¥1,199,471,856.82, representing a growth of approximately 5.1%[11] Shareholder Information - The total number of common shareholders at the end of the reporting period is 15,139, with the top 10 shareholders holding a combined 23.72% of the total share capital[9] - Shanghai Hongyuan Sheng New Energy Technology Partnership holds 51,429,633 shares, accounting for 20.73% of the total share capital[9] - Shareholder Zhao Dongming holds 48,984,550 shares, representing 19.74% of the total share capital[9] - The company’s shareholder structure changed, with Zhao Dongming becoming the actual controller after acquiring shares through a judicial auction[9] Investment and Costs - The company reported a significant decrease in investment income, down 142.60% to -¥156,342.48 from ¥367,018.03 year-on-year[6] - The company experienced a 91.68% drop in non-operating income, which fell to ¥39,138.28 from ¥470,658.38 in the previous year[6] - Total operating costs for Q1 2023 were CNY 462,390,307.26, down 11.4% from CNY 521,678,508.87 in the same period last year[15] - The company reported a significant reduction in research and development expenses to CNY 13,996,210.27 from CNY 16,523,715.85 year-over-year, reflecting a strategic focus on cost management[15] Inventory and Cash Equivalents - The company reported a cash inflow from other operating activities of ¥6,890,086.01, significantly higher than ¥604,832.20 in the previous period[18] - The company’s cash and cash equivalents increased to ¥267,654,144.44 from ¥233,097,103.55 at the beginning of the year, reflecting a growth of approximately 14.8%[11] - Inventory rose to ¥398,049,247.68 from ¥343,748,565.71, indicating an increase of about 15.8%[11] - The total cash and cash equivalents at the beginning of the period were ¥176,337,577.24, compared to ¥200,835,544.71 in the previous period[19] Strategic Developments - The company has not disclosed any new product developments or market expansion strategies in this report[8] - There are no indications of mergers or acquisitions mentioned in the current report[8]