HUAKANG(SH:605077)2024-04-25 09:25Financial Performance - The company's revenue for Q1 2024 was CNY 634,815,875.39, representing a decrease of 2.39% compared to the same period last year[5]. - Net profit attributable to shareholders was CNY 79,998,612.81, down 11.15% year-on-year[5]. - The net profit after deducting non-recurring gains and losses was CNY 73,116,614.92, reflecting a decline of 16.60% compared to the previous year[5]. - Basic earnings per share were CNY 0.35, down 10.26% from the same period last year[6]. - Diluted earnings per share were CNY 0.28, a decrease of 28.27% year-on-year[6]. - The company reported a net profit margin of approximately 11.5% for Q1 2024, down from 12.5% in Q1 2023[22]. - In Q1 2024, the company's net profit was CNY 79,938,256.38, a decrease of 11.4% compared to CNY 89,978,550.72 in Q1 2023[23]. - The total comprehensive income for Q1 2024 was CNY 79,935,097.08, down from CNY 89,979,214.76 in Q1 2023, indicating a decline of approximately 11.2%[24]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -151,734,993.36, a significant decrease of 393.66%[5]. - Cash flow from operating activities turned negative, with a net cash outflow of CNY -151,734,993.36, contrasting with a positive inflow of CNY 51,670,533.07 in Q1 2023[27]. - The company's cash and cash equivalents at the end of Q1 2024 were CNY 1,710,337,377.45, down from CNY 1,140,146,521.73 at the end of Q1 2023[28]. - Cash and cash equivalents decreased to CNY 1,716,120,282.45 as of March 31, 2024, down from CNY 2,128,372,821.94 at the end of 2023[16]. - Investment activities resulted in a net cash outflow of CNY -377,026,027.69 in Q1 2024, compared to CNY -359,408,777.65 in Q1 2023[27]. Operating Performance - Total operating revenue for Q1 2024 was CNY 634,815,875.39, a decrease of 2.5% compared to CNY 650,334,163.57 in Q1 2023[22]. - The company's operating profit for Q1 2024 was CNY 85,557,533.53, compared to CNY 101,979,479.11 in Q1 2023, indicating a decrease of about 16.1%[23]. - Total operating costs for Q1 2024 were CNY 561,143,641.19, an increase of 0.2% from CNY 556,148,093.81 in Q1 2023[22]. - The company recognized government subsidies of CNY 1,968,616.25 related to its normal business operations[9]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 6,271,911,201.20, an increase of 1.53% from the end of the previous year[6]. - Total assets increased to CNY 6,271,911,201.20 as of March 31, 2024, compared to CNY 6,177,682,230.35 at the end of 2023[19]. - Total liabilities slightly increased to CNY 3,081,951,412.58 as of March 31, 2024, from CNY 3,076,662,164.54 at the end of 2023[18]. - Non-current assets totaled CNY 3,167,768,044.96 as of March 31, 2024, up from CNY 2,762,765,016.16 at the end of 2023[17]. - Inventory increased to CNY 373,857,319.84 as of March 31, 2024, compared to CNY 282,044,065.09 at the end of 2023[17]. Shareholder Equity - Shareholders' equity attributable to shareholders was CNY 3,178,432,678.89, up 2.88% from the previous year-end[6]. - The company’s total equity rose to CNY 3,189,959,788.62 as of March 31, 2024, from CNY 3,101,020,065.81 at the end of 2023[19]. Research and Development - Research and development expenses rose to CNY 31,177,338.21 in Q1 2024, up 63.8% from CNY 19,026,097.74 in Q1 2023[22]. Financial Expenses - The company reported a significant increase in financial expenses, totaling CNY 4,662,629.21 in Q1 2024, compared to CNY 7,459,188.76 in Q1 2023[23]. - The company raised CNY 251,000,000.00 through borrowings in Q1 2024, a decrease from CNY 615,000,000.00 in Q1 2023[28].