HFCC(SZ:002806)2023-04-26 16:00Financial Performance - The company's revenue for Q1 2023 was ¥142,715,534.44, a decrease of 7.67% compared to ¥154,574,290.28 in the same period last year[5] - The net profit attributable to shareholders was a loss of ¥13,608,557.52, representing a decline of 296.11% from a profit of ¥6,939,224.24 in the previous year[5] - The net profit for Q1 2023 was -12,901,558.51 CNY, compared to a net profit of 7,890,311.86 CNY in the same period last year, indicating a significant decline[19] - The company incurred a total operating loss of -14,535,981.47 CNY in Q1 2023, compared to an operating profit of 9,560,182.94 CNY in the same period last year[19] - The basic earnings per share were reported at -¥0.0719, a decrease of 298.62% from ¥0.0362 in the same period last year[5] - The basic and diluted earnings per share for Q1 2023 were both -0.0719 CNY, compared to 0.0362 CNY in Q1 2022, indicating a negative shift in profitability[19] - The total comprehensive income attributable to the parent company for Q1 2023 was -13,608,557.52 CNY, compared to 6,939,224.24 CNY in the same period last year[19] Cash Flow and Financing - The net cash flow from operating activities decreased by 14.20%, amounting to ¥12,240,165.28 compared to ¥14,265,374.82 in Q1 2022[5] - The cash flow from operating activities for Q1 2023 was 12,240,165.28 CNY, down from 14,265,374.82 CNY in Q1 2022, showing a decrease of about 14.2%[21] - The company raised 140,430,000.00 CNY through borrowings in Q1 2023, compared to 50,000,000.00 CNY in Q1 2022, indicating a significant increase in financing activities[22] - The net cash flow from financing activities for Q1 2023 was 83,505,618.83 CNY, compared to 28,944,289.67 CNY in Q1 2022, reflecting a substantial increase[22] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,998,965,197.74, reflecting a growth of 3.06% from ¥1,939,541,469.52 at the end of the previous year[6] - Current assets totaled CNY 847,267,579.48, an increase of 5.9% from CNY 800,468,029.10 at the beginning of the year[15] - Non-current assets amounted to CNY 1,151,697,618.26, up from CNY 1,139,073,440.42 at the start of the year[15] - Total liabilities increased to CNY 818,278,913.45, compared to CNY 746,815,389.16 at the beginning of the year, reflecting a rise of 9.5%[16] - The company's cash and cash equivalents rose to CNY 129,223,337.46, up from CNY 108,504,212.73 at the start of the year, marking a growth of 19.0%[15] - Inventory levels increased to CNY 273,489,110.32, up 7.3% from CNY 254,942,527.93 at the beginning of the year[15] Operating Costs and Expenses - Total operating costs increased to CNY 160,309,541.58, up 4.8% from CNY 152,851,797.65 in the prior period[18] - Research and development expenses rose to CNY 10,395,771.00, an increase of 35.0% compared to CNY 7,701,471.42 in the previous period[18] - The gross profit margin decreased by approximately 10% year-on-year due to reduced sales prices and lower sales volume of electrode foil products[9] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 27,718[10] - The weighted average return on equity was -1.15%, down from 0.56% in the previous year[5] - The company reported a net loss of CNY 2,507,947.33 in retained earnings, down from a profit of CNY 11,100,610.19 in the previous period[16] Government Support - The company received government subsidies amounting to ¥4,018,997.95 during the reporting period[7]