HTC(SZ:200771)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥1,089,224,031.37, a decrease of 39.12% compared to the same period last year[5]. - The net profit attributable to shareholders for Q1 2023 was -¥48,089,348.88, representing a decline of 126.13% year-over-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥59,744,696.75, a decrease of 143.00% compared to the previous year[5]. - Basic and diluted earnings per share for Q1 2023 were both -¥0.05, down 126.32% year-over-year[5]. - The weighted average return on net assets was -0.59%, a decrease of 2.84% compared to the previous year[5]. - Total operating revenue decreased by 39.12% to ¥1,089,224,031.37 compared to the previous period[10]. - Net profit attributable to shareholders of the parent company decreased by 126.13% to -¥48,089,348.88, reflecting a significant decline in sales revenue and gross margin[10]. - The company reported a net profit of -41,647,683.11 CNY for the current period, compared to a net profit of 197,921,661.25 CNY in the previous period, indicating a significant decline[29]. - Operating profit for the current period was -45,606,116.24 CNY, down from 201,265,282.37 CNY in the previous period, reflecting a substantial decrease in operational performance[29]. - Total comprehensive income for the current period was -381,355,753.01 CNY, compared to 491,410,946.13 CNY in the previous period, showing a drastic drop in overall profitability[29]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥160,624,833.67, which is a decline of 28.65% from the same period last year[5]. - Cash flow from operating activities showed a net outflow of -¥160,624,833.67, an increase in cash payments for inventory procurement[10]. - Cash and cash equivalents at the end of the period increased to 1,879,198,499.55 CNY from 1,465,750,556.45 CNY in the previous period, indicating improved liquidity[31]. - Cash flow from operating activities resulted in a net outflow of -160,624,833.67 CNY, compared to -124,850,206.32 CNY in the previous period, highlighting ongoing operational challenges[35]. - The company received cash inflows from investment activities totaling 631,943,205.01 CNY, down from 660,409,994.81 CNY in the previous period, reflecting a decrease in investment returns[35]. Assets and Liabilities - Total assets at the end of Q1 2023 were ¥15,376,635,878.78, a slight increase of 0.01% from the end of the previous year[5]. - The company's total liabilities increased to ¥6,796,985,737.33 from ¥6,475,806,863.35, reflecting an increase of about 4.9%[25]. - The equity attributable to shareholders decreased to ¥7,952,554,107.78 from ¥8,328,481,114.19, a decline of approximately 4.5%[25]. - The company's total liabilities and equity structure may require reassessment given the significant losses reported, impacting future financing and investment strategies[29]. Investments and Acquisitions - The company completed the acquisition of a 20% stake in Xibu Power Company, increasing its ownership to 56.64%[16]. - The company’s goodwill amounted to ¥8,417,413.42, resulting from the acquisition of Xibu Power Company[10]. Operational Changes - The company recognized government subsidies of ¥12,138,811.58 related to the relocation of its facilities[7]. - The total amount of non-recurring gains and losses for the period was ¥11,655,347.87 after accounting for taxes and minority interests[7]. - The company reported a 68.39% decrease in investment income, totaling ¥3,949,106.72, primarily due to reduced returns from entrusted financial management[10]. - Prepayments increased by 89.61% to ¥761,339,817.36, mainly due to increased prepayments for gas turbine main engines[10]. - Other receivables rose by 170.53% to ¥68,625,925.66, primarily due to land guarantee payments for a new production base[10]. - Long-term payables increased by 40.25% to ¥15,573,963.11, attributed to the increase in unrecognized deferred income for relocation compensation[10]. - The company reported a decrease in research and development expenses to 81,804,145.74 CNY from 85,497,139.56 CNY, indicating a potential shift in focus or cost management[29]. - The company’s financial expenses increased to 6,184,604.93 CNY from 5,313,707.09 CNY, primarily due to higher interest expenses[29].