HAXC (SZ:300928)2024-04-25 08:14Financial Performance - The company's revenue for Q1 2024 was ¥185,246,457.61, a decrease of 38.66% compared to ¥302,017,510.06 in the same period last year[5] - The net profit attributable to shareholders was a loss of ¥9,710,142.94, representing a decline of 268.54% from a profit of ¥5,761,383.74 in the previous year[5] - The weighted average return on equity was -0.79%, down from 0.44% in the same period last year, indicating a decline in profitability[5] - Total operating revenue for the first quarter was CNY 185,246,457.61, a decrease of 38.8% compared to CNY 302,017,510.06 in the previous period[19] - The company reported a net loss from investments of CNY 3,790,489.74, contrasting with a gain of CNY 1,162,401.11 in the previous period[19] - The net profit for Q1 2024 was -9,565,406.21 CNY, a significant decline compared to a net profit of 4,633,926.52 CNY in the same period last year, representing a year-over-year decrease of approximately 306%[20] - Operating profit for Q1 2024 was -13,957,376.00 CNY, compared to an operating profit of 3,191,596.85 CNY in Q1 2023, indicating a decline of around 536%[20] - Total comprehensive income for Q1 2024 was -11,206,297.00 CNY, compared to 3,382,182.47 CNY in Q1 2023, marking a decline of approximately 433%[20] - The basic and diluted earnings per share for Q1 2024 were both -0.1214 CNY, compared to 0.0720 CNY in Q1 2023, reflecting a significant decline[20] Cash Flow and Assets - The net cash flow from operating activities improved to ¥29,052,761.58, a significant increase of 189.36% compared to a negative cash flow of ¥32,511,475.80 in Q1 2023[5] - Cash and cash equivalents decreased to CNY 334,451,387.05 from CNY 390,907,494.10, a decline of 14.5%[16] - The company reported cash inflow from operating activities totaling 226,411,445.95 CNY, down from 253,921,586.49 CNY in Q1 2023, a decrease of approximately 10.9%[22] - The company’s total cash outflow from operating activities was 197,358,684.37 CNY, compared to 286,433,062.29 CNY in the same period last year, indicating a reduction of about 30.9%[22] - Cash flow from investing activities resulted in a net outflow of -82,613,981.41 CNY, worsening from a net outflow of -61,680,131.85 CNY in the previous year[23] - The company's total assets as of March 31, 2024, were ¥1,332,182,475.38, reflecting a slight increase of 0.21% from ¥1,329,421,330.21 at the end of the previous year[5] - Total liabilities rose to CNY 93,906,709.89 from CNY 79,939,267.72, indicating an increase of 17.5%[18] - The company's total equity attributable to shareholders decreased to CNY 1,229,591,356.20 from CNY 1,240,942,389.93, a decline of 0.9%[18] Shareholder Information - Total number of common shareholders at the end of the reporting period is 8,362[11] - The largest shareholder, He Xinyi, holds 22.00% of shares, totaling 17,597,754 shares[11] - The second-largest shareholder, Xiao Yan, holds 12.58% of shares, totaling 10,066,788 shares, with 2,700,000 shares pledged[11] - The total number of restricted shares at the end of the period is 26,986,897 shares, down from 35,950,048 shares at the beginning of the period[14] - The company released 8,963,151 restricted shares during the period, representing approximately 24.94% of the total restricted shares[14] - The company has a total of 4,399,439 unrestricted shares held by He Xinyi[12] - The company has a total of 1,024,700 shares held by shareholder Zhu Huajian, with 2,300 shares held through a regular account[12] - The company has a total of 731,900 shares held by Rizhao Zhongyi Ren Private Fund Management Co., Ltd.[12] - The company has a total of 609,290 shares held by Rizhao Zhongyi Ren Private Fund Management Co., Ltd. - Value Growth No. 2 Private Securities Investment Fund[12] - The company has a total of 584,859 shares held by Shanghai Leitou Asset Management Co., Ltd. - Leitou Kongtong No. 16 Private Securities Investment Fund[12] Operating Performance - The company reported a significant decrease in operating income, primarily due to reduced shipment volumes in traditional core component customization and distribution businesses[9] - Total operating costs amounted to CNY 196,753,777.25, down 35.1% from CNY 302,814,823.88 in the prior period[19] - Research and development expenses were CNY 14,824,494.83, slightly increased from CNY 14,523,278.31 year-over-year[19] - The company incurred asset disposal losses of -574.97 CNY in Q1 2024, compared to losses of -3,374.63 CNY in the same period last year[20] - The company’s financial expenses decreased by 50.54% to -¥470,396.27, attributed to a reduction in cash management scale and income[9]