HNHD(SZ:002163)2024-04-25 11:51Financial Performance - The company's operating revenue for Q1 2024 was ¥781,935,535.48, representing a 4.67% increase compared to ¥747,013,684.04 in the same period last year[5]. - The net profit attributable to shareholders was a loss of ¥29,312,696.89, an improvement of 13.94% from a loss of ¥34,062,183.02 in the previous year[5]. - The net cash flow from operating activities decreased by 30.99% to -¥350,963,229.12, primarily due to a reduction in sales receipts[10]. - Total operating revenue for Q1 2024 was CNY 781,935,535.48, an increase of 4.0% compared to CNY 747,013,684.04 in Q1 2023[29]. - Net loss for Q1 2024 was CNY 38,865,171.70, compared to a net loss of CNY 44,930,530.31 in Q1 2023, representing an improvement of 13.0%[30]. - Total operating costs for Q1 2024 were CNY 828,554,123.05, up 2.0% from CNY 805,605,782.58 in the same period last year[29]. Assets and Liabilities - Total assets at the end of the reporting period were ¥6,203,607,232.49, down 3.22% from ¥6,410,042,662.12 at the end of the previous year[5]. - Total liabilities decreased to CNY 4,647,501,898.49 from CNY 4,814,954,589.55, a reduction of 3.5% compared to the previous year[28]. - The company's total current assets amounted to CNY 3.52 billion, a decrease from CNY 3.71 billion at the beginning of the period[26]. - The company's cash and cash equivalents decreased to CNY 914.8 million from CNY 1.25 billion at the beginning of the period[26]. - The total equity attributable to shareholders of the parent company decreased to CNY 1,416,828,956.71 from CNY 1,446,259,220.47, a decline of 2.0%[28]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 53,502[11]. - The largest shareholder, Hainan Development Holdings Co., Ltd., holds 30.69% of shares, totaling 259,342,070 shares, with 129,671,034 shares pledged[11]. - The second-largest shareholder, Xintai Life Insurance Co., Ltd., holds 2.59% of shares, totaling 21,881,850 shares[11]. - The top ten shareholders collectively hold significant stakes, with the largest three shareholders accounting for over 34% of total shares[11]. Cash Flow - The net cash flow from financing activities increased by 75.99% to ¥71,904,368.41, attributed to an increase in bank loans received[10]. - Cash inflow from operating activities totaled 678,513,714.49 CNY, down from 732,387,870.93 CNY in the previous year, reflecting a decrease of approximately 7.36%[31]. - Cash outflow from operating activities was 1,029,476,943.61 CNY, slightly increased from 1,000,328,460.29 CNY, resulting in a net cash flow deficit[31]. - The company reported cash inflow from financing activities of 151,000,000.00 CNY, an increase from 115,000,000.00 CNY in the same period last year, representing a growth of 31.30%[32]. - The total cash and cash equivalents at the end of Q1 2024 stood at 728,778,014.72 CNY, up from 570,744,341.63 CNY year-over-year[32]. Project Developments - The company has engaged in a city renewal project in Shenzhen, with significant progress made in 2020 and 2021, including approvals and agreements with local authorities[15]. - The project involves relocating equipment and personnel to facilitate urban renewal, with compensation agreements signed with relevant parties[15]. - The company has received confirmation from the Shenzhen government regarding the project implementation主体, extending the validity of the confirmation until February 2023[16]. - The project has undergone various stages of approval and compliance, including the demolition of buildings and the transfer of property rights[15]. - The company has not disclosed any new product developments or market expansion strategies in the current report[12]. Bankruptcy and Liquidation - The company is pursuing bankruptcy liquidation for its subsidiary, Sanxin (Huizhou) Curtain Wall Products Co., Ltd., due to insolvency and inability to repay debts[21]. - The Guangdong High Court upheld the decision to reject the company's bankruptcy application for the curtain wall products company, citing issues with establishing creditor status[22]. - The company has initiated bankruptcy liquidation proceedings for its subsidiary, Shenzhen Sanxin Jingmeite Glass Co., Ltd., due to ongoing losses and insolvency[23]. - The company is actively working on confirming its claims against the curtain wall products company and advancing the bankruptcy liquidation process[25]. Research and Development - Research and development expenses for Q1 2024 were CNY 23,733,542.96, a decrease of 7.7% from CNY 25,728,675.47 in Q1 2023[29].