HHKJ(002296)2024-04-18 13:05Financial Performance - The company's operating revenue increased by 58.29% compared to the same period last year, primarily due to an increase in completed projects[17] - The net profit attributable to shareholders increased by 239.40% year-on-year, driven by higher revenue and a greater proportion of high-margin projects[17] - Basic earnings per share for the quarter were 0.2095, compared to 0.0616 in the same period last year[11] - The company's net profit for Q1 2024 reached ¥80,730,587.28, a significant increase from ¥23,619,933.80 in the same period last year, representing a growth of approximately 241%[48] - Operating profit for Q1 2024 was ¥94,846,432.09, compared to ¥24,057,765.87 in Q1 2023, indicating a year-over-year increase of about 294%[48] - The total profit for Q1 2024 was ¥94,861,730.31, significantly higher than ¥23,968,032.65 in Q1 2023, representing an increase of about 295%[48] - Operating revenue for the current period reached ¥207,337,378.89, a 58.29% increase compared to ¥130,987,407.19 in the same period last year[52] - Net profit attributable to shareholders was ¥80,886,049.37, representing a significant increase of 239.40% from ¥23,831,829.39 in the previous year[52] - Basic earnings per share rose to ¥0.2095, a 240.10% increase compared to ¥0.0616 in the previous year[52] Cash Flow and Assets - The net cash flow from operating activities decreased by 79.92% year-on-year, mainly due to a reduction in cash received from sales of goods and services[17] - The company's cash and cash equivalents decreased to ¥271,468,956.18 from ¥282,790,345.37, a decline of about 4.67%[28] - The net cash flow from investing activities was -¥55,846,412.65, compared to -¥46,044,509.18 in the previous year[50] - Cash inflow from operating activities totaled ¥196,282,425.50, compared to ¥220,675,467.09 in the previous year[50] - The balance of prepayments increased by 52.61% compared to the beginning of the period, mainly due to increased advance payments for materials[17] - The balance of other receivables increased by 33.83% compared to the beginning of the period, primarily due to an increase in petty cash and deposits[17] - The company's total assets increased to ¥1,635,266,461.21 at the end of the reporting period, up from ¥1,496,847,132.17 at the beginning of the period, reflecting a growth of approximately 9.25%[28] - Total assets at the end of the period were ¥2,702,471,226.00, reflecting a 2.50% increase from ¥2,636,505,545.76 at the end of the previous year[52] - The company's total assets amounted to ¥2,702,471,226.00, compared to ¥2,636,505,545.76 in the previous period, showing an increase of approximately 2.5%[56] Liabilities and Equity - The balance of employee compensation payable decreased by 65.17%, mainly due to the distribution of year-end bonuses during the reporting period[17] - Current liabilities totaled ¥482,711,388.64, down from ¥548,047,894.86, indicating a decrease of about 11.9%[56] - Non-current liabilities decreased to ¥70,009,113.80 from ¥75,314,141.74, representing a decline of approximately 7.5%[56] - The company's total equity remained stable at ¥389,580,420.00, unchanged from the previous period[56] Investment and Returns - The company reported a significant increase of 246.64% in investment income, attributed to higher returns from large time deposits[17] - The net investment income for the current period was ¥4,522,490.09, a significant increase from ¥1,304,680.15 in the previous period, marking a growth of approximately 247.5%[57] - The company received cash from investment income amounting to ¥4,138,341.33, down from ¥6,897,268.82 in the previous year[50] - The weighted average return on equity increased to 3.97%, up from 1.32% in the previous year[52] Inventory and Receivables - Accounts receivable rose to ¥492,257,654.90, up from ¥446,402,676.44, marking an increase of approximately 10.25%[28] - The company's inventory stood at ¥551,586,936.73, slightly down from ¥554,658,682.30, a decrease of about 0.38%[28] - The company reported a credit impairment loss of ¥3,378,716.18, compared to ¥1,748,115.94 in the previous year, indicating a deterioration in credit quality[48] - The company reported a decrease in accounts payable from ¥228,230,666.57 to ¥213,726,005.46, which is a reduction of approximately 6.4%[56] Research and Development - Research and development expenses increased to ¥20,837,475.78 from ¥19,339,062.60, reflecting a rise of about 7.7%[57] Audit and Mergers - The company has not undergone an audit for the Q1 2024 report, as stated in the documentation[29] - The company did not report any net profit from the merged entity prior to the merger, with both periods showing a net profit of ¥0.00[32]