Hopewind(SH:603063)2024-04-22 10:28Financial Performance - The company's operating revenue for Q1 2024 was ¥548,501,652.21, representing a decrease of 10.04% compared to the same period last year[9]. - The net profit attributable to shareholders was ¥55,351,170.94, down 29.46% year-on-year[9]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥70,904,933.60, an increase of 29.34% compared to the previous year[9]. - Basic earnings per share for the period were ¥0.12, down 33.33% compared to the same period last year[9]. - Net profit for Q1 2024 was ¥62,410,046.74, a decline of 20.5% from ¥78,413,546.76 in Q1 2023[28]. - Total operating revenue for Q1 2024 was ¥548,501,652.21, a decrease of 10% compared to ¥609,736,151.79 in Q1 2023[27]. - Total operating costs for Q1 2024 were ¥484,518,017.70, down 13.5% from ¥560,617,977.99 in Q1 2023[27]. - Basic and diluted earnings per share for Q1 2024 were both ¥0.12, down from ¥0.18 in Q1 2023[30]. - The company reported a total comprehensive income of ¥62,410,431.97 for Q1 2024, down from ¥78,668,106.37 in Q1 2023[28]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥315,978,026.80, a decrease of 812.66% year-on-year[9]. - Cash flow from operating activities in Q1 2024 was negative at -¥315,978,026.80, compared to -¥34,621,501.07 in Q1 2023[33]. - The net cash flow from investing activities was -$121.81 million, a decrease from -$164.48 million in the previous period[34]. - Cash inflow from financing activities totaled $132.50 million, compared to $147.86 million last year[34]. - The net cash flow from financing activities was $106.66 million, down from $116.88 million in the previous period[34]. - The cash and cash equivalents at the end of the period amounted to $482.69 million, compared to $385.87 million at the end of the previous period[34]. - The beginning cash and cash equivalents balance was $813.63 million, indicating a strong liquidity position[34]. Assets and Liabilities - The total assets at the end of the reporting period were ¥7,244,160,454.83, a slight decrease of 0.04% from the end of the previous year[10]. - The total liabilities decreased from RMB 3,227,417,040.12 at the end of 2023 to RMB 3,154,088,698.89, reflecting a reduction of about 2.27%[24]. - The company's cash and cash equivalents decreased from RMB 1,263,056,786.83 in December 2023 to RMB 936,403,826.24, a decline of approximately 25.8%[20]. - The accounts receivable decreased from RMB 1,870,125,653.02 in December 2023 to RMB 1,796,528,196.76, representing a decrease of about 3.93%[20]. - The inventory increased from RMB 892,629,869.68 at the end of 2023 to RMB 946,806,327.75, an increase of approximately 6.06%[20]. - The total equity attributable to shareholders rose from RMB 3,938,314,699.80 in December 2023 to RMB 4,001,436,571.97, an increase of about 1.6%[24]. - The total current liabilities decreased from RMB 2,291,995,465.90 to RMB 2,197,605,206.16, a reduction of approximately 4.1%[24]. Expenses - Research and development expenses increased to ¥73,368,614.20 in Q1 2024, up 21.5% from ¥60,369,575.45 in Q1 2023[27]. - Tax expenses for Q1 2024 were ¥14,026,757.04, significantly higher than ¥3,766,312.90 in Q1 2023[28]. - The company experienced a significant increase in sales expenses, which rose to ¥59,254,373.23 in Q1 2024 from ¥53,037,343.16 in Q1 2023[27]. Non-Recurring Items - The company reported non-recurring gains and losses totaling -¥15,553,762.66 for the period[11]. - The company incurred $39.49 million in cash payments for the acquisition of fixed assets, intangible assets, and other long-term assets[34]. - Cash received from borrowings was $102.00 million, down from $130.40 million in the previous period[34]. - The company paid $19.11 million in cash for debt repayment, compared to $24.12 million last year[34]. - The impact of exchange rate changes on cash and cash equivalents was $182,448.51, a positive change from -$20,744.19 in the previous period[34].