Hiecise(SZ:300809)2024-04-12 16:00Financial Performance - The company's revenue for Q1 2024 reached ¥124,639,655.04, representing a 21.29% increase compared to ¥102,763,487.96 in the same period last year[5] - Net profit attributable to shareholders was ¥27,136,316.88, an increase of 81.14% from ¥14,980,967.64 year-on-year[5] - Basic earnings per share rose to ¥0.11, up 83.33% from ¥0.06 in the same quarter last year[5] - Net profit for Q1 2024 was ¥27,864,685.63, representing a 70.9% increase from ¥16,305,536.13 in Q1 2023[23] - Total operating revenue for Q1 2024 reached ¥124,639,655.04, an increase of 21.3% compared to ¥102,763,487.96 in Q1 2023[22] Cash Flow and Liquidity - The net cash flow from operating activities improved significantly to ¥11,676,949.16, compared to a negative cash flow of ¥11,693,937.17 in the previous year, marking a 199.85% change[5] - The company reported a significant increase in cash flow from operating activities, contributing to improved liquidity[25] - Cash inflow from operating activities totaled ¥108,207,544.13, up from ¥97,950,245.22 in the prior period, reflecting a growth of approximately 11.3%[26] - Cash outflow from operating activities decreased to ¥96,530,594.97 from ¥109,644,182.39, indicating a reduction of about 11.9%[26] - Total cash and cash equivalents at the end of the period were ¥350,080,756.79, compared to ¥334,771,557.18 at the end of the previous period[27] Assets and Liabilities - Total assets at the end of Q1 2024 were ¥2,072,285,314.35, a slight decrease of 0.47% from ¥2,082,002,692.99 at the end of the previous year[5] - Total liabilities decreased to ¥478,201,504.36 from ¥516,213,361.10 in the previous quarter[20] - The company's equity attributable to shareholders increased by 1.76% to ¥1,591,486,122.15 from ¥1,563,920,012.80 at the end of the previous year[5] - The total equity attributable to shareholders increased to ¥1,591,486,122.15 from ¥1,563,920,012.80, reflecting strong retained earnings growth[20] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 22,257[11] - The top three shareholders held a combined 58.46% of the company's shares, indicating a concentrated ownership structure[11] - The company reported a total of 14,245,725 shares held by major shareholder Zhao Zeming, making him one of the top shareholders[13] - The total number of shares held by the top 10 shareholders includes significant holdings from Hainan Xintang Trading Partnership and Liu Xiangxiong, each with 12,608,800 shares[13] Investment and Expenses - Research and development expenses for Q1 2024 were ¥7,637,344.94, slightly up from ¥7,324,009.63 in Q1 2023, indicating continued investment in innovation[22] - The company has a total of 133,910,550 restricted shares, with 112,441,708 remaining at the end of the period[16] - The company is subject to restrictions on share transfers for executives, limiting them to 25% of their holdings per year[15] Market Strategy and Future Plans - The company plans to expand its market presence and enhance product offerings in the upcoming quarters[23] - There are no significant new strategies or product developments mentioned in the report[17] Other Financial Metrics - The company reported a significant increase in fair value gains of 223.06%, amounting to ¥7,864,397.69 compared to a loss of ¥6,390,810.17 in the previous year[10] - The company experienced a 95.05% increase in trading financial assets, reaching ¥524,614,878.95, primarily due to the purchase of trading financial assets[10] - Trading financial assets increased significantly from CNY 268,970,481.26 to CNY 524,614,878.95, marking a growth of about 95.2%[18] - Inventory levels decreased from CNY 380,616,799.00 to CNY 362,583,365.25, reflecting a reduction of approximately 4.8%[18] - Accounts receivable slightly decreased from CNY 127,748,413.10 to CNY 123,659,723.71, a decline of about 3.4%[18] Cash Flow from Investment Activities - Cash flow from investment activities showed a net outflow of -¥260,360,094.12, worsening from -¥32,231,922.68 in the previous period[27] - The company received cash from investment recovery amounting to ¥92,220,000.00, down from ¥324,870,000.00 in the prior period, representing a decline of approximately 71.6%[27] - The cash outflow for purchasing fixed assets and intangible assets was ¥12,899,944.99, compared to ¥18,168,785.41 previously, showing a decrease of about 29.5%[27] Audit Status - The first quarter report was not audited, indicating that the financial data may be subject to adjustments[28]