HSGC(SH:600774)2024-04-26 09:52Financial Performance - The company's operating revenue for Q1 2024 was CNY 336,558,236.01, representing a decrease of 6.88% compared to the same period last year[4] - The net profit attributable to shareholders for Q1 2024 was CNY 12,671,739.22, down 47.76% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 11,539,174.30, a decline of 50.22% compared to the previous year[4] - The basic earnings per share for Q1 2024 was CNY 0.0430, reflecting a decrease of 47.69% year-on-year[4] - Total operating revenue for Q1 2024 was ¥336,558,236.01, a decrease of 6.9% compared to ¥361,417,097.31 in Q1 2023[22] - Net profit for Q1 2024 was ¥9,622,048.17, down 50.0% from ¥19,605,977.96 in Q1 2023[23] - Basic and diluted earnings per share for Q1 2024 were both ¥0.0430, compared to ¥0.0822 in Q1 2023, a decline of 47.6%[24] Cash Flow - Cash flow from operating activities for Q1 2024 was CNY 54,745,928.03, down 2.79% year-on-year[4] - Cash flow from operating activities for Q1 2024 was ¥54,745,928.03, slightly down from ¥56,315,059.70 in Q1 2023[28] - Cash flow from investing activities showed a net outflow of ¥62,608,321.33 in Q1 2024, compared to a net outflow of ¥65,723,373.33 in Q1 2023[29] - Cash flow from financing activities resulted in a net outflow of ¥51,657,920.84 in Q1 2024, contrasting with a net inflow of ¥206,871,594.58 in Q1 2023[29] - The ending cash and cash equivalents balance for Q1 2024 was ¥83,457,406.40, down from ¥315,436,748.31 in Q1 2023[29] - The company reported a cash increase of -$17,636,677.63 for the quarter, contrasting with an increase of $128,295,734.03 in the same quarter last year[40] Assets and Liabilities - Total assets at the end of Q1 2024 were CNY 3,616,489,382.93, a decrease of 2.12% from the end of the previous year[5] - As of March 31, 2024, the company's total assets amounted to CNY 3,616,489,382.93, a decrease from CNY 3,694,821,482.47 as of December 31, 2023, reflecting a decline of approximately 2.9%[19] - The company's current assets totaled CNY 660,375,692.86, down from CNY 714,346,005.70, indicating a decrease of about 7.6%[17] - The company's total liabilities as of March 31, 2024, were CNY 1,778,038,004.14, down from CNY 1,865,872,150.69, reflecting a decrease of approximately 4.7%[18] - The company's total liabilities as of March 31, 2024, were CNY 996,663,175.70, up from CNY 957,638,035.47, reflecting an increase of about 4.1%[33] - The total equity attributable to shareholders increased to CNY 1,687,775,969.91 from CNY 1,675,094,041.05, reflecting an increase of about 0.7%[19] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 15,919[10] - The top shareholder, Wuhan Hanyang Investment Development Group Co., Ltd., held 79,444,603 shares, accounting for 26.93% of the total shares[10] Expenses - Total operating costs decreased to ¥321,180,100.45 in Q1 2024 from ¥339,553,924.03 in Q1 2023, reflecting a reduction of 5.4%[22] - Research and development expenses decreased to ¥7,182,602.10 in Q1 2024 from ¥10,957,300.70 in Q1 2023, a reduction of 34.0%[22] - Sales expenses decreased to ¥81,074,912.24 in Q1 2024 from ¥97,180,489.59 in Q1 2023, a decline of 16.6%[22] - The company reported a financial expense of CNY 6,053,957.98 for the first quarter of 2024, down from CNY 7,563,646.94 in the previous year, a decrease of about 20%[37] Inventory - The company reported a decrease in inventory to CNY 211,090,775.29 from CNY 232,426,162.34, a decline of approximately 9.2%[17] - The company’s inventory increased to CNY 6,821,284.86 from CNY 6,241,432.91, representing a growth of approximately 9.3%[31]