HUATIE(SH:603300)2024-04-25 10:28Financial Performance - The company's operating revenue for Q1 2024 reached ¥1,104,977,958.28, representing a 31.00% increase compared to the same period last year[5] - Net profit attributable to shareholders was ¥156,571,460.02, reflecting an 11.57% year-over-year growth[5] - The net profit after deducting non-recurring gains and losses was ¥158,669,988.46, which is a 23.18% increase from the previous year[5] - Basic earnings per share (EPS) stood at ¥0.08, up by 14.29% compared to the same quarter last year[5] - The company's net profit for Q1 2024 was approximately ¥160.42 million, an increase of 11.5% compared to ¥144.03 million in Q1 2023[35] - Revenue for Q1 2024 reached ¥1.10 billion, up 30.9% from ¥843.49 million in the same period last year[48] - Operating costs for Q1 2024 were ¥949.94 million, a rise of 36% from ¥699.59 million in Q1 2023[48] - The gross profit margin for Q1 2024 was approximately 14.0%, compared to 16.8% in Q1 2023[48] Cash Flow - The net cash flow from operating activities was ¥666,289,536.31, showing a significant increase of 103.80% year-over-year[5] - The company reported a net cash flow from operating activities of ¥190.69 million for Q1 2024, compared to ¥168.98 million in Q1 2023[48] - In Q1 2024, cash inflow from operating activities reached approximately ¥1.25 billion, a significant increase of 42.7% compared to ¥878.46 million in Q1 2023[51] - The net cash flow from operating activities was approximately ¥666.29 million, up from ¥326.94 million in the same period last year, representing a growth of 103.5%[51] - The total cash inflow from operating activities was approximately ¥1.25 billion, while cash outflow was approximately ¥588.17 million, resulting in a strong operational cash generation[51] Assets and Liabilities - The total assets of the company amounted to ¥19,648,754,869.19, an increase from ¥19,221,033,166.30 in the previous year[15] - The total liabilities were reported at ¥5,354,370,448.40, down from ¥5,540,344,952.30 year-over-year[15] - Total assets increased by 2.23% to ¥19,648,754,869.19 compared to the end of the previous year[22] - Equity attributable to shareholders rose by 3.23% to ¥5,707,818,539.76 year-over-year[22] - The total liabilities as of the end of Q1 2024 were ¥13.80 billion, compared to ¥13.56 billion at the end of Q1 2023, indicating a slight increase in leverage[33] - The company's total equity reached ¥5.85 billion in Q1 2024, up from ¥5.66 billion in Q1 2023, showing growth in shareholder value[33] Non-Recurring Items - The company reported a non-recurring loss of ¥2,098,528.44 after accounting for tax and minority interests[7] - The company reported a non-recurring loss of ¥2,345,974.07 from the disposal of non-current assets[22] - The company has not identified any significant non-recurring gains or losses beyond those listed in the regulatory announcement[24] Operational Highlights - Operating revenue grew by 31.00%, primarily due to increased rental income from expanded management of aerial work platforms[24] - Net cash flow from operating activities surged by 103.80%, driven by business scale expansion and improved collection efforts[24] - Research and development expenses increased to ¥19.58 million in Q1 2024, up from ¥17.13 million in Q1 2023, reflecting a focus on innovation[48] Cash Management - Cash and cash equivalents decreased to ¥58,309,530.07 from ¥85,401,112.15 at the end of the previous year[31] - The ending balance of cash and cash equivalents was approximately ¥49.86 million, down from ¥86.88 million at the end of Q1 2023[52] - Cash outflow for purchasing goods and services was approximately ¥236.74 million, a decrease of 11.8% from ¥268.39 million in Q1 2023[51] - Cash outflow from financing activities totaled approximately ¥850.67 million, compared to ¥713.94 million in Q1 2023, indicating an increase of 19.1%[52] - Cash inflow from financing activities included ¥268.63 million from borrowings, down from ¥430 million in Q1 2023[52] - The company reported a cash inflow of ¥125.5 million from other financing activities, a significant increase from ¥15.65 million in the previous year[52] - The company experienced a negative impact of ¥48,691.20 from exchange rate fluctuations on cash and cash equivalents[52]