Report Cover and Important Notice Key Content Highlights The Board, Supervisory Board, and senior management guarantee the report's truthfulness, accuracy, and completeness, assuming legal responsibility, while key financial officers declare the financial information is true, accurate, and complete - The Board of Directors, Supervisory Board, and directors, supervisors, and senior management guarantee the truthfulness, accuracy, and completeness of the quarterly report, free from false records, misleading statements, or major omissions, and assume individual and joint legal responsibility3 - The company's head, chief accountant, and head of accounting department declare that the financial information in the quarterly report is true, accurate, and complete3 Audit Status The company's Q1 2023 report is unaudited - The company's first quarter report is unaudited422 I. Key Financial Data (I) Key Accounting Data and Financial Indicators The company's Q1 2023 revenue and net profit significantly decreased year-over-year, operating cash flow turned negative, and EPS notably declined, while total assets and equity attributable to shareholders remained relatively stable 2023 Q1 Key Accounting Data and Financial Indicators | Indicator | Current Period (RMB) | Prior Year Period (RMB) | Year-over-Year Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 362,454,982.30 | 565,442,424.94 | -35.90% | | Net Profit Attributable to Shareholders of the Listed Company | 3,570,843.90 | 30,809,592.31 | -88.41% | | Net Profit Attributable to Shareholders of the Listed Company Excluding Non-Recurring Gains and Losses | 120,636.19 | 27,669,871.15 | -99.56% | | Net Cash Flow from Operating Activities | -100,428,925.33 | 49,903,924.26 | -301.24% | | Basic Earnings Per Share (RMB/share) | 0.0077 | 0.07 | -89.00% | | Diluted Earnings Per Share (RMB/share) | 0.0077 | 0.07 | -89.00% | | Weighted Average Return on Net Assets | 0.18% | 3.23% | -3.05% | | End of Current Period (RMB) | End of Prior Year (RMB) | Period-end vs. Prior Year-end Change (%) | | | Total Assets | 2,285,129,874.32 | 2,352,635,528.63 | -2.87% | | Owners' Equity Attributable to Shareholders of the Listed Company | 1,404,355,319.99 | 1,396,543,097.13 | 0.56% | (II) Non-Recurring Gains and Losses Items and Amounts Total non-recurring gains and losses for the period amounted to RMB 3,450,207.71, primarily comprising government grants, non-current asset disposal gains/losses, and other non-operating income/expenses, with no reclassification of non-recurring items as recurring 2023 Q1 Non-Recurring Gains and Losses Items | Item | Amount for Current Period (RMB) | | :--- | :--- | | Gains or losses from disposal of non-current assets | -80,566.07 | | Government grants recognized in current profit or loss | 4,934,936.25 | | Gains or losses from entrusted investments or asset management | 25,692.63 | | Gains or losses from changes in fair value of financial assets/liabilities held for trading and investment income from disposal, excluding effective hedging activities related to normal business operations | -102,295.20 | | Other non-operating income and expenses | -949,133.49 | | Other non-recurring gains and losses as defined | 230,433.77 | | Less: Income tax impact | 608,860.18 | | Total | 3,450,207.71 | - The company has not reclassified non-recurring gains and losses items listed in "Interpretive Announcement No. 1 on Information Disclosure by Companies Issuing Securities to the Public—Non-Recurring Gains and Losses" as recurring gains and losses items78 (III) Changes and Reasons for Key Accounting Data and Financial Indicators This quarter saw significant changes in financial indicators, with revenue decline primarily due to global economic and industry demand weakness, income statement items affected by exchange rate fluctuations, government grants, and donation expenses, and net cash flow decrease mainly due to reduced sales collections Changes and Reasons for Balance Sheet Items Balance sheet changes primarily reflect increases in accounts receivable financing, prepayments, and long-term borrowings, alongside decreases in construction in progress, other non-current assets, short-term borrowings, and financial liabilities at fair value through profit or loss, indicating increased receivables, Thailand project progress, and debt structure adjustments - Accounts receivable financing increased by 44.07% from the beginning of the year, mainly due to an increase in accounts receivable during the reporting period10 - Prepayments increased by 143.76% from the beginning of the year, primarily due to increased advance payments for equipment in Thailand and domestic brand positioning fees during the reporting period10 - Long-term borrowings increased by 212.36% from the beginning of the year, mainly due to an increase in long-term borrowings during the reporting period10 Changes and Reasons for Income Statement Items Income statement changes are a combined result of decreased operating revenue, increased taxes and surcharges, a significant rise in financial expenses due to USD exchange rate fluctuations, increased government grants, reduced investment income, increased fair value change gains, and higher non-operating expenses due to donations - Operating revenue decreased by 35.90% year-over-year, primarily due to the impact of global economic and industry demand weakness and short-term inventory digestion by mainstream market customers during the reporting period9 - Financial expenses increased by 92.41% year-over-year, mainly due to changes in the USD exchange rate during the reporting period10 - Non-operating expenses increased by 1072.81% year-over-year, primarily due to increased donations to earthquake-stricken areas in Turkey during the reporting period10 Changes and Reasons for Cash Flow Statement Items Net cash flow from operating activities decreased significantly by 301.24% year-over-year, primarily due to reduced sales collections; net cash flow from financing activities increased by 428.97% year-over-year, mainly due to increased proceeds from borrowings - Net cash flow from operating activities decreased by 301.24% year-over-year, primarily due to reduced sales collections during the reporting period10 - Net cash flow from financing activities increased by 428.97% year-over-year, primarily due to increased proceeds from borrowings during the reporting period10 II. Shareholder Information (I) Total Number of Common Shareholders, Preferred Shareholders with Restored Voting Rights, and Top Ten Shareholders' Holdings As of the end of the reporting period, the company had 18,821 common shareholders, with controlling shareholder Lu Qiang holding 37.77% and acting in concert with Lu Lizhen, Ouyang Bo, Lu Lifei, and Lu Yi - Total number of common shareholders at the end of the reporting period: 18,82110 Top 10 Shareholders' Holdings | Shareholder Name | Shareholder Nature | Shareholding Ratio (%) | Number of Shares Held | Number of Restricted Shares Held | | :--- | :--- | :--- | :--- | :--- | | Lu Qiang | Domestic Natural Person | 37.77% | 176,327,685.00 | 147,995,764.00 | | Gong Wenhua | Domestic Natural Person | 4.50% | 21,000,000.00 | 0.00 | | Lu Lizhen | Domestic Natural Person | 4.45% | 20,776,500.00 | 15,582,375.00 | | Ouyang Bo | Domestic Natural Person | 2.97% | 13,843,800.00 | 10,382,850.00 | | Lou Juhui | Domestic Natural Person | 1.68% | 7,822,000.00 | 0.00 | | Lu Yi | Domestic Natural Person | 1.48% | 6,925,500.00 | 0.00 | | Lu Lifei | Domestic Natural Person | 1.23% | 5,751,000.00 | 0.00 | | Li Chengdi | Domestic Natural Person | 0.97% | 4,533,950.00 | 0.00 | | Cai Jiancan | Domestic Natural Person | 0.87% | 4,085,279.00 | 0.00 | | Zhou Daixin | Domestic Natural Person | 0.66% | 3,067,200.00 | 0.00 | - The company's controlling shareholder (actual controller) Lu Qiang, along with Lu Lizhen, Ouyang Bo, Lu Lifei, and Lu Yi, are parties acting in concert11 (II) Total Number of Preferred Shareholders and Top 10 Preferred Shareholders' Holdings The company has no preferred shareholders - The company has no preferred shareholders12 III. Other Important Matters Other Important Matters There are no other important matters for the company in this reporting period - The company has no other important matters12 IV. Quarterly Financial Statements (I) Financial Statements This section presents the company's Q1 2023 consolidated balance sheet, income statement, and cash flow statement, detailing the financial position, operating results, and cash flows at the end of the reporting period 1. Consolidated Balance Sheet As of March 31, 2023, total assets were RMB 2,285,129,874.32, a slight decrease from the beginning of the year, with total current assets at RMB 1,377,070,424.02, non-current assets at RMB 908,059,450.30, total liabilities at RMB 896,312,727.18, and total owners' equity at RMB 1,388,817,147.14 - Cash and cash equivalents at period-end were RMB 771,036,761.13, a decrease from RMB 814,076,912.67 at the beginning of the year13 - Accounts receivable financing at period-end was RMB 33,405,331.36, an increase of 44.07% from RMB 23,187,627.56 at the beginning of the year13 - Short-term borrowings at period-end were RMB 137,110,513.76, a decrease of 36.87% from RMB 217,181,422.66 at the beginning of the year14 - Long-term borrowings at period-end were RMB 250,197,417.83, an increase of 212.36% from RMB 80,100,167.83 at the beginning of the year15 2. Consolidated Income Statement In Q1 2023, the company achieved operating revenue of RMB 362,454,982.30, a 35.90% year-over-year decrease; net profit attributable to parent company owners was RMB 3,570,843.90, a significant 88.41% year-over-year decline, with notable increases in financial expenses, other income, and fair value change gains, alongside significant changes in investment income and non-operating expenses - Operating revenue was RMB 362,454,982.30, compared to RMB 565,442,424.94 in the prior period, a year-over-year decrease of 35.90%17 - Net profit attributable to parent company owners was RMB 3,570,843.90, compared to RMB 30,809,592.31 in the prior period, a year-over-year decrease of 88.41%17 - Financial expenses were RMB 11,098,719.67, compared to RMB 5,768,205.39 in the prior period, a year-over-year increase of 92.41%18 - Fair value change gains were RMB 3,421,173.04, compared to RMB -1,341,900.00 in the prior period, a significant increase from negative to positive18 - Basic earnings per share were RMB 0.0077/share, compared to RMB 0.07/share in the prior period, a year-over-year decrease of 89.00%19 3. Consolidated Cash Flow Statement In Q1 2023, net cash flow from operating activities was RMB -100,428,925.33, turning negative from the prior year, primarily due to reduced sales collections; net cash flow from financing activities significantly increased to RMB 85,838,311.10 year-over-year, mainly driven by increased proceeds from borrowings - Net cash flow from operating activities was RMB -100,428,925.33, compared to RMB 49,903,924.26 in the prior period, a year-over-year decrease of 301.24%21 - Net cash flow from financing activities was RMB 85,838,311.10, compared to RMB 16,227,506.87 in the prior period, a year-over-year increase of 428.97%21 - Cash received from sales of goods and rendering of services was RMB 380,235,249.34, compared to RMB 601,906,094.75 in the prior period, a year-over-year decrease20 - Cash received from borrowings was RMB 221,469,340.00, compared to RMB 101,381,870.00 in the prior period, a year-over-year increase21 (II) Audit Report The company's Q1 2023 report is unaudited - The company's first quarter report is unaudited22
哈尔斯(002615) - 2023 Q1 - 季度财报