HCNC(SZ:300161)2023-04-27 16:00Financial Performance - The company's operating revenue increased by 44.75% compared to the same period last year, driven by strong downstream industry demand and increased orders [31]. - The net profit attributable to shareholders of the listed company was -38,545,343.06 CNY, a decrease of 8.32% year-on-year [26]. - The company reported a net loss of -47,774,393.81 CNY for the quarter, compared to a net loss of -55,250,150.91 CNY in the same period last year [8]. - The total comprehensive income attributable to the parent company was -38,545,343.06 CNY, compared to -42,041,480.05 CNY in the previous period, showing an improvement of approximately 11.8% [67]. - The company reported a basic and diluted earnings per share of -0.19 CNY, an improvement from -0.21 CNY in the previous period [67]. Cash Flow - The net cash flow from operating activities increased by 100.80% compared to the same period last year, mainly due to increased sales collections and government project funding [21]. - The net cash flow from operating activities was 1,864,626.71 CNY, a significant recovery from -231,869,406.54 CNY in the prior period [68]. - Cash inflow from operating activities totaled 531,311,712.23 CNY, up from 272,237,135.63 CNY, indicating a growth of approximately 95.5% [67]. - Cash outflow from operating activities was 529,447,085.52 CNY, compared to 504,106,542.17 CNY in the previous period, reflecting a slight increase of about 5.5% [68]. - The net cash flow from investing activities decreased by 237.50% due to increased expenditures on construction projects [54]. - The net cash flow from investing activities was -82,194,401.92 CNY, worsening from -24,353,693.78 CNY in the previous period [68]. - The net cash flow from financing activities was 158,822,830.88 CNY, compared to 138,172,253.71 CNY in the prior period, indicating an increase of approximately 14.9% [68]. Assets and Liabilities - The total assets at the end of the reporting period were 3,919,630,411.34 CNY, an increase of 4.94% compared to the end of the previous year [26]. - The company reported a total liability of 2,107,916,032.76, an increase from 1,878,637,838.41 in the previous period [42]. - The long-term borrowings increased significantly to 185,295,984.17 from 51,279,761.89 in the previous period [42]. - The company's long-term borrowings increased by 261.34% compared to the beginning of the period, primarily due to increased borrowing for project construction needs [30]. - The total accounts payable increased to 629,082,817.43 from 537,585,479.37 in the previous period [42]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 18,440, with the largest shareholder, Zhor Intelligent Manufacturing Group Co., Ltd., holding 27.83% of shares [34]. - The company plans to lift the lock-up period for 25,931,355 shares held by Zhor Intelligent Manufacturing Group on May 19, 2024 [36]. - The company’s major shareholder, Wuhan Huazhong University of Science and Technology Asset Management Co., Ltd., has completed a share reduction plan, reducing its holdings below 5% [38]. Operational Metrics - Total operating revenue for the first quarter reached ¥357,541,015.75, a significant increase of 44.73% compared to ¥247,005,032.48 in the same period last year [43]. - Total operating costs amounted to ¥426,332,016.12, up 27.36% from ¥334,771,662.60 year-on-year [43]. - Research and development expenses increased by 11.67% to ¥82,510,555.03 from ¥74,150,611.93 in the previous year [43]. - Financial expenses rose by 33.60% to ¥7,465,963.75, primarily due to increased bank loan interest expenses [51]. - Other income decreased by 21.73% to ¥23,150,222.84 from ¥29,574,816.76 year-on-year [43]. Inventory and Receivables - Accounts receivable increased to ¥828,716,519.01 from ¥776,006,375.46, indicating a growth of 6.00% [60]. - Inventory levels rose to ¥1,001,268,557.95, compared to ¥975,738,656.35 at the start of the year, reflecting a 2.61% increase [61]. - The company's deferred income increased by 96.14% compared to the beginning of the period, mainly due to increased funding for national and local technology projects [17]. - The credit impairment loss increased by 293.54% year-on-year, mainly due to business scale growth and increased accounts receivable [32]. Cash and Equivalents - Cash and cash equivalents at the end of the period were ¥599,522,697.14, up from ¥548,916,375.54 at the beginning of the year [60]. - Cash and cash equivalents at the end of the period were 599,522,697.14 CNY, compared to 736,647,036.82 CNY at the end of the previous period, a decrease of approximately 18.6% [68]. - The net increase in cash and cash equivalents rose by 166.49% compared to the same period last year, primarily due to an increase in net cash flow from operating activities [33]. Asset Disposal - The asset disposal income increased by 4329.62% year-on-year, primarily due to an increase in fixed asset disposal income of 1,149,200 CNY [20].