Hiecise(SZ:300809)2023-04-21 16:00Financial Performance - The company's revenue for Q1 2023 was ¥102,763,487.96, representing a 19.25% increase compared to ¥86,173,629.26 in the same period last year[5] - Net profit attributable to shareholders decreased by 37.02% to ¥14,980,967.64 from ¥23,786,009.85 year-on-year[5] - Basic and diluted earnings per share dropped by 60.00% to ¥0.06 from ¥0.15 in the same period last year[5] - Net profit for Q1 2023 was CNY 16,305,536.13, a decrease of 35.9% from CNY 25,432,627.11 in Q1 2022[22] - The company reported a decrease in comprehensive income to CNY 16,092,200.69 in Q1 2023 from CNY 25,432,627.11 in Q1 2022[22] - The total comprehensive income attributable to minority shareholders for Q1 2023 was CNY 1,324,568.49, down from CNY 1,646,617.26 in Q1 2022, representing a decrease of approximately 19.5%[23] Cash Flow - The net cash flow from operating activities improved by 17.01%, reaching -¥11,693,937.17 compared to -¥14,090,489.97 in the previous year[5] - Cash inflow from operating activities totaled CNY 97,950,245.22, an increase of 4.3% from CNY 93,679,847.71 in the previous year[23] - Cash outflow from operating activities was CNY 109,644,182.39, up from CNY 107,770,337.68, resulting in a net cash flow from operating activities of -CNY 11,693,937.17, an improvement from -CNY 14,090,489.97[23] - Cash inflow from investment activities was CNY 326,806,862.73, down from CNY 371,672,685.49, while cash outflow was CNY 359,038,785.41, leading to a net cash flow from investment activities of -CNY 32,231,922.68[25] - The cash and cash equivalents at the end of Q1 2023 were CNY 334,771,557.18, a decrease from CNY 421,168,425.08 at the end of Q1 2022[25] Assets and Liabilities - Total assets increased by 0.89% to ¥2,091,180,544.46 from ¥2,072,738,488.94 at the end of the previous year[5] - The total liabilities for Q1 2023 were CNY 593,604,728.37, a marginal increase from CNY 591,916,050.89 in Q1 2022[19] - The equity attributable to shareholders of the parent company rose to CNY 1,483,444,956.93, compared to CNY 1,468,016,147.38 in the previous year[19] Research and Development - Research and development expenses rose by 36.59% to ¥7,324,009.63, up from ¥5,361,903.22 in the previous year[9] - R&D expenses increased to CNY 7,324,009.63 in Q1 2023, compared to CNY 5,361,903.22 in Q1 2022, reflecting a growth of 36.6%[21] Operational Efficiency and Strategy - The company is focused on enhancing its operational efficiency and expanding its market presence through strategic acquisitions and investments in technology[15] - The company plans to continue investing in new technologies and market expansion to drive future growth[22] - The company plans to acquire assets from Kunshan Huachen United Investment Management Co., Ltd. for a total value of RMB 68,810,620.00 to support its long-term strategic development[15] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 23,711[11] Inventory and Receivables - The company reported a significant decrease in accounts receivable by 95.75%, down to ¥754,670.50 from ¥17,750,000.00[9] - Accounts receivable decreased to RMB 118,383,530.59 from RMB 127,242,339.71, representing a decline of approximately 6.8%[17] - The company's inventory increased to RMB 421,094,228.04 from RMB 406,033,225.19, showing a growth of about 3%[17] Other Financial Metrics - Total operating costs for Q1 2023 were CNY 83,607,575.05, up 27.9% from CNY 65,375,898.16 in the same period last year[21] - The company experienced a 120.62% increase in credit impairment losses, amounting to ¥4,222,565.79 compared to ¥1,913,917.61 in the previous year[9] - The company received government subsidies totaling ¥1,293,569.20, primarily related to normal business operations[7] Audit Status - The first quarter report was not audited, indicating that the figures may be subject to change upon final review[26]