Hitevision (SZ:002955)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥652,958,187.49, a decrease of 27.90% compared to ¥905,602,319.25 in the same period last year[5] - Net profit attributable to shareholders was ¥22,929,025.45, down 44.57% from ¥41,369,304.97 year-on-year[5] - Basic and diluted earnings per share decreased by 44.44% to ¥0.10 from ¥0.18 in the same period last year[5] - Total operating revenue for the current period is ¥652,958,187.49, a decrease from ¥905,602,319.25 in the previous period, representing a decline of approximately 28%[18] - Net profit for the current period is ¥28,642,306.42, compared to ¥46,462,370.75 in the previous period, reflecting a decrease of approximately 38%[19] - Total comprehensive income for the current period is ¥25,124,440.58, down from ¥45,602,752.38 in the previous period, a decrease of about 45%[19] Cash Flow - The net cash flow from operating activities improved to -¥67,024,899.73, a 83.42% increase compared to -¥404,328,942.43 in the previous year[5] - Cash flow from operating activities shows a net outflow of ¥67,024,899.73, an improvement from a net outflow of ¥404,328,942.43 in the previous period[21] - Cash inflow from investment activities is ¥1,339,355,636.28, compared to ¥972,334,292.08 in the previous period, indicating an increase of approximately 38%[22] - Cash outflow from investment activities totals ¥1,185,221,360.31, slightly up from ¥1,137,679,759.79 in the previous period[22] - The net cash flow from financing activities was CNY 24,876,476.49, compared to a negative CNY 15,302,788.81 in the previous year[23] - The cash and cash equivalents increased by CNY 109,084,524.67, contrasting with a decrease of CNY 586,892,186.80 in the same period last year[23] - The ending balance of cash and cash equivalents reached CNY 1,255,325,072.25, up from CNY 600,468,739.45 in the previous year[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,648,847,075.64, a decrease of 1.24% from ¥4,707,377,730.36 at the end of the previous year[5] - The company's current assets totaled CNY 3,257,564,800.93, down from CNY 3,297,516,548.92 at the beginning of the year, reflecting a decrease of approximately 1.5%[15] - The total liabilities decreased to CNY 996,879,072.19 from CNY 1,082,920,557.71, indicating a reduction of approximately 7.9%[16] - The company's equity attributable to shareholders rose to CNY 3,572,143,750.74 from CNY 3,555,922,408.07, showing an increase of about 0.5%[16] - The company reported a decrease in total current liabilities to CNY 765,141,705.86 from CNY 846,162,161.07, a reduction of about 9.5%[16] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 16,651[10] - The largest shareholder, Hongda Cheng Limited, holds 17.51% of the shares, totaling 40,982,799 shares[11] Expenses - The company reported a significant increase in research and development expenses, totaling ¥41,304,372.21, compared to ¥40,770,453.76 in the previous period[18] - The company has seen a decrease in sales expenses, which are now ¥85,699,408.29, compared to ¥80,942,071.67 in the previous period, reflecting a rise of approximately 6%[18] - Financial expenses decreased by 63.16% to ¥2,856,910.71, mainly due to increased interest income from bank deposits[9] Other Financial Metrics - The company recorded a 95.97% decline in investment income, down to ¥137,149.57 from ¥3,407,018.23, due to changes in financial product returns[9] - The company reported a significant increase in prepayments, which rose by 197.00% to ¥129,483,657.00, attributed to strategic procurement of raw materials[9] Audit Information - The company did not conduct an audit for the first quarter report[24]