HUALI(SH:603038)2024-04-25 09:05Financial Performance - The company's operating revenue for Q1 2024 was CNY 148,576,994.92, representing a decrease of 1.00% compared to the same period last year[4]. - Net profit attributable to shareholders of the listed company was CNY 2,756,083.87, down 65.44% year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 841,899.50, a decline of 75.87% compared to the previous year[4]. - The basic and diluted earnings per share were both CNY 0.01, reflecting a decrease of 75.00%[4]. - The weighted average return on net assets was 0.20%, a decrease of 0.40 percentage points from the previous year[4]. - Total operating revenue for Q1 2024 was ¥148,576,994.92, a decrease of 1.0% from ¥150,072,701.50 in Q1 2023[19]. - Net profit for Q1 2024 was ¥3,200,421.05, down 62.8% from ¥8,610,410.80 in Q1 2023[20]. - Operating profit decreased to ¥2,163,713.12 in Q1 2024, compared to ¥9,178,525.47 in Q1 2023, reflecting a decline of 76.4%[19]. - Basic earnings per share for Q1 2024 was ¥0.01, down from ¥0.04 in Q1 2023[20]. - The company reported a decrease in comprehensive income to ¥3,179,860.03 in Q1 2024 from ¥7,401,437.27 in Q1 2023[20]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,991,969,703.59, down 2.19% from the end of the previous year[4]. - Total current assets decreased to ¥643,609,999.35 from ¥688,921,761.69, indicating a decline of about 6.6%[15]. - Accounts receivable decreased significantly to ¥76,221,877.70 from ¥112,282,879.50, representing a reduction of approximately 32.1%[15]. - Inventory increased to ¥132,863,373.19 from ¥124,734,171.35, showing a growth of about 6.5%[15]. - Total assets as of March 31, 2024, were ¥1,991,969,703.59, down from ¥2,036,575,663.25, a decrease of approximately 2.2%[16]. - The company's non-current assets totaled ¥1,348,359,704.24, slightly up from ¥1,347,653,901.56, indicating a marginal increase of about 0.05%[16]. - Total liabilities decreased to ¥618,708,342.05 in Q1 2024 from ¥666,494,161.74 in Q1 2023, a reduction of 7.2%[19]. - Total equity increased slightly to ¥1,373,261,361.54 in Q1 2024 from ¥1,370,081,501.51 in Q1 2023[19]. Cash Flow - The net cash flow from operating activities was CNY 10,070,705.72, with no applicable percentage change reported[4]. - In Q1 2024, the cash inflow from operating activities was CNY 229,884,638.25, an increase of 15.6% compared to CNY 198,964,216.83 in Q1 2023[23]. - The net cash flow from operating activities turned positive at CNY 10,070,705.72, recovering from a negative CNY 19,603,403.30 in the same quarter last year[23]. - Cash outflow for purchasing goods and services decreased to CNY 140,815,695.53 from CNY 164,910,856.14, reflecting a reduction of 14.6%[23]. - The net cash flow from investing activities was negative at CNY -5,919,720.83, an improvement from CNY -129,881,490.56 in Q1 2023[24]. - Cash inflow from investment activities increased to CNY 106,210,322.82, up from CNY 79,047,842.32 year-over-year[24]. - Cash inflow from financing activities was CNY 23,460,000.00, down from CNY 38,270,000.00 in the previous year, a decrease of 38.7%[24]. - The net cash flow from financing activities was CNY 17,851,392.77, compared to CNY 33,210,031.48 in Q1 2023, indicating a decline of 46.3%[24]. - The total cash and cash equivalents at the end of Q1 2024 stood at CNY 178,254,229.53, an increase from CNY 127,036,786.55 in Q1 2023[24]. - The company reported a cash increase of CNY 22,319,339.15 in Q1 2024, contrasting with a decrease of CNY -116,288,339.32 in the same period last year[24]. Operational Insights - The decrease in net profit was primarily due to increased asset depreciation and financial expenses related to project loans as production bases were completed[9]. - The company reported a decrease in employee compensation payable from ¥21,593,178.63 to ¥11,885,808.99, a reduction of about 45%[16]. - Research and development expenses for Q1 2024 were ¥6,624,168.20, compared to ¥6,072,624.39 in Q1 2023, an increase of 9.1%[19]. - The company has no significant new product launches or technological developments reported in the current quarter[13]. - The company has not reported any new product developments or market expansion strategies in this quarter[25].