Hiecise(SZ:300809)2022-04-21 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥86,173,629.26, a decrease of 31.09% compared to ¥125,054,677.14 in the same period last year[2] - The net profit attributable to shareholders was ¥23,786,009.85, down 25.01% from ¥31,719,190.15 year-on-year[2] - The net profit after deducting non-recurring gains and losses was ¥18,271,542.92, a decline of 40.75% compared to ¥30,840,443.86 in the previous year[2] - Total operating costs for Q1 2022 were CNY 65,375,898.16, down 24.0% from CNY 85,965,991.63 year-over-year[58] - Net profit for Q1 2022 was CNY 25,432,627.11, a decline of 19.5% compared to CNY 31,761,437.95 in Q1 2021[61] - The net profit attributable to the parent company was CNY 23,786,009.85, a decrease from CNY 31,719,190.15 in the previous period, representing a decline of approximately 25.5%[65] - The total comprehensive income attributable to the parent company was CNY 23,786,009.85, down from CNY 31,719,190.15, indicating a decrease of about 25.5%[65] - Basic and diluted earnings per share were both CNY 0.15, compared to CNY 0.20 in the previous period, reflecting a decrease of 25%[65] Cash Flow - The net cash flow from operating activities was -¥14,090,489.97, a significant decrease of 1,836.04% from -¥727,800.58 in the same period last year[2] - Cash inflows from operating activities totaled CNY 93,679,847.71, an increase from CNY 81,885,358.98, marking a growth of approximately 14.5%[68] - Cash outflows from operating activities amounted to CNY 107,770,337.68, compared to CNY 82,613,159.56 in the previous period, representing an increase of about 30.5%[68] - The net cash flow from operating activities was negative at CNY -14,090,489.97, worsening from CNY -727,800.58 in the previous period[68] - Cash inflows from investing activities were CNY 371,672,685.49, significantly higher than CNY 178,147,724.66, indicating an increase of approximately 108.5%[70] - The net cash flow from investing activities was CNY 204,734,925.07, a substantial improvement from CNY -39,112,956.13 in the previous period[70] - The net increase in cash and cash equivalents was CNY 190,040,010.45, compared to a decrease of CNY -40,673,614.14 in the previous period[70] - The ending balance of cash and cash equivalents was CNY 421,168,425.08, up from CNY 189,104,636.00 in the previous period[70] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,948,034,960.89, an increase of 2.64% from ¥1,897,923,258.19 at the end of the previous year[2] - The company's total assets increased to CNY 1,948,034,960.89, up from CNY 1,897,923,258.19 at the end of the previous period, reflecting a growth of 2.6%[51] - Non-current liabilities totaled CNY 67,085,358.97, an increase from CNY 65,943,838.57 in the previous period[34] - The company's total liabilities amounted to CNY 472,026,113.07, compared to CNY 449,121,602.74 in the previous period, indicating a slight increase in leverage[35] - Deferred income tax assets were reported at CNY 24,003,412.84, a slight decrease from CNY 24,300,998.12, suggesting stable tax planning strategies[51] Shareholder Information - The total number of common shareholders at the end of the reporting period is 25,353[9] - The top three shareholders, Cao Yuzhong, Liu Xiangxiong, and Zhao Zeming, each hold 23.37% of the shares, totaling 36,670,000 shares[9] - The company has not disclosed any related party relationships among the top shareholders, except for the agreement among Cao Yuzhong, Liu Xiangxiong, and Zhao Zeming as acting in concert[14] Management and Strategy - The company plans to use up to RMB 41.7 million of idle raised funds for cash management, focusing on low-risk investment products[17] - The company also intends to use up to RMB 70 million of idle self-owned funds for purchasing low-risk non-principal guaranteed financial products[17] - The company has made changes to its board of directors, including the appointment of a new independent director and adjustments to committee memberships[15] Operational Metrics - The company's cash and cash equivalents increased by 82.22% to ¥421,168,425.08 from ¥231,128,414.63 at the end of the previous year[5] - The company's investment income rose by 297.19% to ¥2,572,685.49 compared to ¥647,724.66 in the previous year[8] - The fair value gains on financial assets increased by 1,173.37% to ¥3,331,873.20 from ¥261,657.06 year-on-year[8] - The company's management expenses increased by 56.37% to ¥5,705,754.43 from ¥3,648,983.15 in the previous year[8] - The company received government subsidies amounting to ¥618,215.02, an increase of 89.03% compared to ¥327,054.12 in the same period last year[8] - The total current assets at the end of the reporting period amount to RMB 1,645,185,446.98, compared to RMB 1,618,863,963.94 at the beginning of the year, reflecting an increase[18] - Cash and cash equivalents increased from RMB 231,128,414.63 at the beginning of the year to RMB 421,168,425.08 at the end of the reporting period[18] - The company's inventory increased from RMB 274,054,346.75 to RMB 305,843,175.04 during the reporting period[18] - The accounts receivable decreased from RMB 118,714,451.58 to RMB 110,572,365.80[18] - The company reported a significant increase in construction in progress, rising to CNY 45,031,295.48 from CNY 8,136,751.05, indicating ongoing expansion efforts[51] - Research and development expenses for Q1 2022 were CNY 5,361,903.22, up from CNY 4,891,492.74, reflecting a commitment to innovation[61]