Hexing(SH:603556)2024-04-22 08:55Financial Performance - The company's operating revenue for Q1 2024 was ¥901,652,426.83, representing a year-on-year increase of 13.66%[6] - The net profit attributable to shareholders for the same period was ¥213,811,040.47, reflecting a growth of 21.52% compared to the previous year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 31.78%, amounting to ¥214,517,733.42[6] - Basic and diluted earnings per share both stood at ¥0.44, marking a 22.22% increase[6] - Net profit for the period was ¥213,642,836.45, compared to ¥175,840,179.79 in the previous period, representing an increase of approximately 21.5%[19] - The net profit attributable to the parent company for Q1 2024 was ¥196,991,610.89, compared to ¥170,242,734.85 in Q1 2023, indicating a growth of approximately 15.7%[41] Cash Flow - The net cash flow from operating activities surged by 1332.30% to ¥307,761,819.87, primarily due to a lower base from the previous year and reduced cash payments for goods and services[6] - Cash flow from operating activities generated ¥307,761,819.87, significantly higher than ¥21,487,239.62 in the previous period[21] - Cash received from sales of goods and services in Q1 2024 was ¥945,933,675.92, compared to ¥824,356,206.86 in Q1 2023, marking an increase of about 14.7%[41] - Net cash flow from investing activities was negative at approximately -$965.25 million, compared to -$337.15 million in the previous period, showing a significant increase in cash outflow[50] - Net cash flow from financing activities was negative at approximately -$133.18 million, compared to a positive inflow of $23.10 million previously, indicating a shift in financing strategy[50] Assets and Liabilities - The company's cash and cash equivalents as of March 31, 2024, were approximately ¥4.47 billion, slightly down from ¥4.55 billion at the end of 2023[13] - The company’s total current assets amounted to ¥6,937,650,264.68, compared to ¥7,144,070,778.40 in the previous year[15] - Total liabilities amounted to ¥2,310,068,586.04, a decrease from ¥2,443,312,090.91[17] - Total assets and equity combined reached ¥9,163,279,507.95, compared to ¥9,075,523,750.05 previously[17] - Total assets increased to approximately $9.16 billion, up from $9.08 billion, reflecting a growth of about 0.97% year-over-year[45] - The company’s total current liabilities decreased to approximately $2.02 billion from $2.14 billion, a decline of about 5.66%[45] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 15,679[11] - The largest shareholder, Zhejiang Haixing Holding Group Co., Ltd., held 239,713,292 shares, accounting for a significant portion of the company's equity[12] - Total equity attributable to shareholders reached ¥6,853,149,501.36, up from ¥6,632,016,366.23[17] - Equity attributable to shareholders of the listed company increased by 3.33% to ¥6,853,149,501.36 from ¥6,632,016,366.23[26] Expenses and Investments - Research and development expenses increased to ¥62,829,013.93 from ¥51,550,877.70, reflecting a growth of about 21.8%[19] - Operating profit rose to ¥245,964,888.66, up from ¥194,248,347.58, indicating a growth of approximately 26.5%[19] - The company reported a government subsidy of ¥3,761,880.78, which is closely related to its normal business operations[26] - The company’s total revenue from sales expenses increased to ¥70,385,570.33 from ¥56,967,310.91, marking a rise of approximately 23.4%[19] Market Strategy - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[32]