Holystar(SH:688330)2024-04-25 09:36Financial Performance - The company's operating revenue for Q1 2024 was ¥217,434,467.16, representing a slight increase of 0.16% compared to the same period last year[2]. - Net profit attributable to shareholders decreased by 33.02% to ¥36,458,013.28, primarily due to reduced government subsidies and increased credit impairment losses[5]. - Basic and diluted earnings per share fell by 32.77% to ¥0.2614[2]. - Total operating revenue for Q1 2024 was CNY 217,434,467.16, a slight increase of 0.16% compared to CNY 217,085,705.30 in Q1 2023[16]. - Net profit for Q1 2024 was CNY 36,458,013.28, representing a decline of 33.0% from CNY 54,431,083.75 in Q1 2023[17]. - Earnings per share (EPS) for Q1 2024 was CNY 0.2614, down from CNY 0.3888 in Q1 2023[18]. Assets and Liabilities - Total assets at the end of Q1 2024 were ¥4,105,351,385.88, down 3.65% from the end of the previous year[3]. - Total assets as of Q1 2024 amounted to CNY 4,105,351,385.88, a decrease from CNY 4,260,970,079.22 in the previous year[14]. - Total liabilities decreased to CNY 455,315,546.55 from CNY 640,113,311.69 year-over-year[14]. - Non-current assets totaled CNY 812,604,933.61, an increase from CNY 767,160,598.51 in the previous year[14]. Cash Flow - The company reported a net cash flow from operating activities of -¥23,446,219.16, indicating a negative cash flow situation[2]. - In Q1 2024, the company reported cash inflows from operating activities of CNY 208,012,406.93, an increase of 51.6% compared to CNY 137,205,979.11 in Q1 2023[20]. - The net cash flow from operating activities was negative at CNY -23,446,219.16, slightly worse than the negative CNY -23,081,389.46 in the same period last year[20]. - Cash outflows from financing activities were CNY 65,937,751.90, a decrease of 53.8% compared to CNY 142,690,414.52 in Q1 2023[20]. - The company experienced a net decrease in cash and cash equivalents of CNY -167,175,247.67, compared to a larger decrease of CNY -624,293,066.63 in Q1 2023[21]. - The ending balance of cash and cash equivalents was CNY 730,561,807.31, up from CNY 511,636,178.73 in the same quarter last year[21]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 8,192[7]. - The top shareholder, Shanghai Hongyuan Investment Group Co., Ltd., holds 18.05% of the shares, totaling 25,267,722 shares[7]. - The top five shareholders hold a combined total of 9,625,799 shares, accounting for a significant portion of the company's equity[9]. - The company has not reported any changes in the participation of major shareholders in securities lending or borrowing activities[10]. Research and Development - Research and development expenses totaled ¥10,224,138.81, accounting for 4.70% of operating revenue, which is an increase of 0.57 percentage points year-on-year[2]. - Research and development expenses increased to CNY 10,224,138.81, up from CNY 8,963,037.53 in Q1 2023[17]. Inventory and Assets Management - The company's inventory decreased to RMB 359,853,808.53 from RMB 371,484,736.40, showing a decline of approximately 3.1%[12]. - Total current assets decreased to RMB 3,292,746,452.27 from RMB 3,493,809,480.71, indicating a reduction of about 5.7%[12]. - Accounts receivable rose to RMB 1,062,964,719.38 from RMB 995,901,248.30, marking an increase of about 6.7%[12]. - The company's trading financial assets increased to RMB 1,019,029,961.24, up from RMB 841,119,292.78, reflecting a growth of approximately 21.2%[12]. Government Subsidies - The company received government subsidies amounting to ¥1,780,895.48 during the reporting period[4].