Haibo(SZ:300517)2024-04-25 11:21Financial Performance - The company's revenue for Q1 2024 was ¥105,112,136.09, representing a 22.58% increase compared to ¥85,746,332.11 in the same period last year[5] - Net profit attributable to shareholders increased by 100.65% to ¥13,339,239.57 from ¥6,647,952.99 year-on-year[5] - Basic and diluted earnings per share rose by 103.03% to ¥0.067 from ¥0.033 in the same quarter last year[5] - Total operating revenue for Q1 2024 reached ¥105,112,136.09, an increase of 22.5% compared to ¥85,746,332.11 in Q1 2023[38] - Net profit for Q1 2024 was ¥13,339,239.57, representing a significant increase of 100.4% from ¥6,647,952.99 in Q1 2023[40] - Earnings per share for Q1 2024 were ¥0.067, doubling from ¥0.033 in Q1 2023[40] Cash Flow - The net cash flow from operating activities improved significantly to ¥80,306,437.80, a 192.92% increase from a negative cash flow of -¥86,427,096.93 in the previous year[5] - Cash generated from operating activities in Q1 2024 was ¥187,839,127.54, compared to ¥97,439,668.62 in Q1 2023, reflecting an increase of 92.7%[42] - The total cash inflow from operating activities was ¥189,758,100.70, while total cash outflow was ¥109,451,662.90, indicating strong operational performance[43] - The company's cash flow from operating activities showed a positive trend, suggesting improved operational efficiency and revenue generation capabilities[43] - The total cash flow from operating activities indicates strong operational performance and improved liquidity position for the company[42] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,656,932,916.51, a 0.92% increase from ¥1,641,903,277.45 at the end of the previous year[5] - The total liabilities as of Q1 2024 amounted to ¥584,666,101.70, slightly up from ¥577,900,872.42 in Q1 2023[36] - Total equity attributable to shareholders reached ¥1,072,266,814.81, an increase from ¥1,064,002,405.03 in Q1 2023[36] Operating Costs and Expenses - The company experienced a 31.64% increase in operating costs, totaling ¥85,939,916.96 compared to ¥65,283,210.34 in the same period last year[9] - Total operating costs for Q1 2024 were ¥103,222,775.81, up 28.4% from ¥80,389,377.89 in Q1 2023[39] - Research and development expenses for Q1 2024 were ¥2,780,421.66, compared to ¥2,529,416.95 in Q1 2023, indicating a growth of 9.9%[39] Shareholder Information - The total number of common shareholders at the end of the reporting period is 10,007[11] - Zhang Haibo holds 50.82% of the shares, amounting to 101,826,000 shares[11] - The top 10 shareholders collectively hold a significant portion of the company's shares, with the largest shareholder, Zhang Haibo, having a substantial influence[11] Legal Proceedings - The company is involved in ongoing litigation to recover 9,292,002.87 RMB in unpaid project funds from Jiangsu Jialong Engineering Construction Co., Ltd.[15] - The court has ordered Jiangsu Jialong to pay a penalty of 10,372,988.71 RMB for breach of contract[15] - The company has initiated a subrogation lawsuit against local transportation bureaus to secure its claims[16] - The company has initiated legal proceedings against China Water Resources and Hydropower Eighth Engineering Bureau for unpaid project payments totaling CNY 9,812,153.00, with a court ruling requiring payment of CNY 4,247,833.40 plus interest[17] - The company is seeking arbitration against China Railway Fifth Bureau Group for CNY 53,729,620.25 in unpaid project payments, with a counterclaim for CNY 5,736,745 in penalties[18] - The company has filed a lawsuit against China Metallurgical South City Construction Engineering Technology Co., demanding CNY 40,607,518.86 for unpaid project payments, with the case currently undergoing appraisal[19] - A court ruling has ordered China Railway Fifteenth Bureau Group to pay CNY 11,631,578.99 in project payments and return a performance bond of CNY 1,133,660[20] - The company has filed a lawsuit against Wuhan Jiangxia Road and Bridge Engineering General Company for CNY 9,795,77 in project payments, with a court ruling requiring payment of CNY 3,883,98 plus additional costs[22] - The company is pursuing CNY 19,345,306.17 in unpaid project payments from Chengdu Huachuan Highway Construction Group, with the case still under review[23] - The company has filed for a retrial regarding a previous ruling against China Water Resources and Hydropower Eighth Engineering Bureau, seeking an increased payment of CNY 9,742,153.40[17] - The company has successfully executed a settlement agreement with China Railway Fifteenth Bureau Group, with payments currently being arranged[21] - The company has adjusted its arbitration request against China Railway Fifth Bureau Group to CNY 38,910,878.07, with interest calculated from January 25, 2022[18] - The company is actively pursuing legal actions to recover significant unpaid amounts across multiple projects, indicating ongoing cash flow challenges[19] - The company has signed a contract with Chengdu Huachuan Highway Construction Group for the procurement, manufacturing, transportation, and installation of steel beams for the Taihang Mountain Expressway project, with a claim for payment of CNY 52,490,269.29 plus interest due to delayed payments[24] - As of June 30, 2023, the court ruled that Chengdu Huachuan Highway Construction Group must pay CNY 45,941,328.28 plus interest to the company within ten days of the judgment[24] - The company has initiated enforcement proceedings in February 2024, which have been completed successfully[24] - Chengdu Huachuan Highway Construction Group has filed a lawsuit against the company for a penalty of CNY 12,957,372.5 and management fee losses of CNY 1,819,682[25] - The company is pursuing arbitration against China Railway 10th Bureau Group for outstanding project payments totaling CNY 30,499,832.05 and penalties[26] - A ruling from the Hefei Arbitration Commission required China Railway 10th Bureau Group to pay CNY 15 million to the company within ten days of receiving the decision[26] - The company has filed claims against Hubei Changjiang Road and Bridge Co., Ltd. for additional project costs totaling CNY 12,438,078.06 and economic losses of CNY 14,360,999.80[26] - The company has been ordered to pay CNY 1,671,143.3 for transportation fees related to a contract dispute with Zhumadian Xinhai Shipping Co., Ltd.[26] - The company has requested the return of a performance bond of CNY 5,968,251 plus interest from Chengdu Huachuan Highway Construction Group, with an arbitration ruling issued in September 2023[27] - As of March 31, 2024, several legal proceedings and enforcement actions are still ongoing, indicating active litigation and claims management by the company[27] - As of March 31, 2024, the company has several ongoing lawsuits related to project payment disputes, with amounts claimed reaching up to CNY 47,155,937.60 in one case[32] - The company is actively pursuing new projects and legal actions to secure overdue payments, indicating a strategic focus on cash flow management and project execution[29] Other Income and Expenses - The company reported a significant increase in other income, amounting to ¥6,490,232.17, a 596340.98% increase compared to the previous year[9] - The company reported a significant increase in other income, which rose to ¥6,490,232.17 in Q1 2024 from ¥1,088.16 in Q1 2023[39] - The company reported a significant decrease in cash paid for purchasing goods and services, which was ¥83,753,153.87 compared to ¥153,324,074.70 in the previous year[43] Shareholder Actions - The total number of shares with voting rights restored for preferred shareholders is 0, indicating no preferred shareholders at this time[11] - The company has not reported any changes in the number of shares lent out through margin trading among the top shareholders[12] - The company has a total of 76,387,725 shares under lock-up agreements, primarily held by executives[14] Accounting and Reporting - The company has not yet audited the Q1 2024 report, indicating that the figures are preliminary and subject to change[45] - The company is adapting to new accounting standards starting in 2024, which may impact future financial reporting[45]