Haibo(SZ:300517)2023-04-25 16:00Financial Performance - The company's revenue for Q1 2023 was ¥85,746,332.11, a decrease of 38.78% compared to ¥140,057,537.55 in the same period last year[5] - Net profit attributable to shareholders was ¥6,647,952.99, down 77.97% from ¥30,170,123.02 year-on-year[5] - Total operating revenue for Q1 2023 was ¥85,746,332.11, a decrease of 38.8% compared to ¥140,057,537.55 in Q1 2022[35] - Net profit for Q1 2023 was ¥6,647,952.99, a decline of 78.0% from ¥30,170,123.02 in Q1 2022[37] - Basic and diluted earnings per share were both ¥0.033, a decrease of 78.98% from ¥0.157 in the same period last year[5] - Total operating costs for Q1 2023 were ¥80,389,377.89, down 38.9% from ¥132,011,083.23 in the same period last year[35] - The total comprehensive income for the first quarter of 2023 was CNY 6,647,952.99, a significant decrease from CNY 30,170,123.02 in the same period last year[38] Cash Flow and Liquidity - The net cash flow from operating activities was -¥86,427,096.93, representing a decline of 82.23% compared to -¥47,426,445.51 in the previous year[5] - Cash inflow from operating activities totaled CNY 111,599,961.52, while cash outflow was CNY 198,027,058.45, indicating a cash outflow increase[41] - The company reported cash inflow from financing activities of CNY 65,132,557.38, compared to no inflow in the same period last year[41] - The net cash flow from financing activities was CNY 58,069,961.60, a recovery from a negative CNY 16,415,282.28 in the previous year[41] - The company incurred CNY 802,088.00 in cash outflow for investment activities, down from CNY 4,551,781.68 in the previous year[41] - The company reported a decrease in cash and cash equivalents from CNY 150,477,185.36 at the beginning of the year to CNY 99,430,443.77 at the end of the period[32] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,678,174,573.69, down 4.12% from ¥1,750,358,223.00 at the end of the previous year[5] - Total liabilities decreased to ¥598,712,202.66 in Q1 2023 from ¥719,571,518.38 in Q1 2022, reflecting a reduction of 16.8%[34] - The company's equity attributable to shareholders increased to ¥1,079,462,371.03 in Q1 2023, up from ¥1,030,786,704.62 in Q1 2022, representing a growth of 4.7%[34] - Accounts receivable decreased from CNY 726,484,817.79 at the beginning of the year to CNY 653,761,996.39 at the end of the period[32] Shareholder Information - Total number of common shareholders at the end of the reporting period is 10,182[11] - Zhang Haibo holds 50.82% of shares, totaling 101,826,000 shares, with 76,369,500 shares under lock-up[11] - The top 10 shareholders collectively hold a significant portion of the company's shares, with Zhang Haibo being the largest shareholder[11] - The company has 76,387,725 shares under lock-up, primarily due to commitments made in the prospectus[13] Legal Matters - The company is involved in a legal dispute with China Communications Construction Company, with a claim of 5,730,948.54 yuan for unpaid engineering fees[14] - The company is pursuing the execution of a court judgment for 2,894,401.11 yuan in engineering fees and 2,836,547.43 yuan in warranty fees[15] - The company is pursuing a lawsuit against Jiangsu Jialong Engineering Construction Co., Ltd. for overdue project payments totaling ¥13,101,685.37 and a penalty of ¥41,265,988.74, with the case still pending appeal as of March 31, 2023[16] - A lawsuit has been filed against Chengdu Road and Bridge Engineering Co., Ltd. for project payments of ¥6,465,610.76 and damages of ¥3,509,583.00, with the first-instance judgment requiring payment of ¥1,258,594.71, pending appeal[17] - The company is seeking ¥9,812,153.00 in overdue payments from China Water Resources and Hydropower No. 8 Engineering Bureau, with a first-instance judgment ordering payment of ¥4,247,833.40, which was executed on March 13, 2023[18] - A claim for ¥53,729,620.25 against China Railway Fifth Bureau Group has been filed, with the case still under arbitration as of March 31, 2023[19] - The company has initiated legal proceedings against China Metallurgical South City Construction Engineering Technology Co., Ltd. for a total of ¥40,607,518.86 in overdue payments, with the case still pending as of March 31, 2023[20] - A lawsuit against China Railway Fifteenth Bureau Group for ¥11,631,578.99 in overdue payments is ongoing, with no first-instance judgment issued as of March 31, 2023[21] - The company has filed a lawsuit against Wuhan Jiangxia Road and Bridge Engineering Co., Ltd. for project payments of ¥979,577 and additional costs totaling ¥3,382,000, with the case still pending appeal as of March 31, 2023[22] - An arbitration claim for ¥27,587,770.07 against Guangzhou Navigation Bureau has been partially resolved, with a ruling requiring payment of ¥14,245,220.90, and the company is preparing for enforcement of the ruling[23] - The company has initiated arbitration against Guangzhou Navigation Bureau Co., Ltd. for unpaid project funds amounting to CNY 28,490,196.84, with a ruling on March 6, 2023, ordering the payment of CNY 11,715,280.88 plus interest[24] - The company is pursuing legal action against Chengdu Huachuan Highway Construction Group for CNY 19,345,306.17 in unpaid project funds related to the Yingshan to Dazhou Expressway project, with the case still under review as of March 31, 2023[25] - The company has filed a lawsuit against Chengdu Huachuan Highway Construction Group for CNY 52,490,269.29 in unpaid funds for the Taihang Mountain Expressway project, with the case ongoing as of March 31, 2023[25] - The company is seeking compensation from Hubei Yangtze River Road and Bridge Co., Ltd. for various claims totaling CNY 34,155,000.00 due to material adjustments and construction delays, with the case still under review[27] - The company has initiated arbitration against Chengdu Huachuan Highway Construction Group for CNY 11,233,061.00 in unpaid project funds related to the Jingshi Expressway project, with the arbitration decision pending as of March 31, 2023[28] - The company has ongoing legal disputes with various contractors, with significant amounts in claims and counterclaims still pending resolution as of March 31, 2023[29][30] Research and Development - The company reported a 100% increase in short-term loans, totaling ¥20,000,000.00, due to new bank loans during the reporting period[8] - The company's research and development expenses decreased by 49.74% to ¥2,529,416.95 compared to ¥5,032,488.01 in the previous year[8] - The company has not reported any new product developments or market expansions in the current quarter[15] - There are no new strategic initiatives or mergers and acquisitions mentioned in the report[15] - The company plans to focus on market expansion and new product development in the upcoming quarters to enhance revenue growth[37] Operational Efficiency - The company continues to focus on improving operational efficiency and managing cash flow amidst challenging market conditions[41]