HZSY(SH:600191)2024-04-25 14:41Financial Performance - The company's operating revenue for Q1 2024 was CNY 121,950,083.81, representing a decrease of 6.50% compared to the same period last year[5]. - The net profit attributable to shareholders was CNY 1,642,848.40, down 96.30% year-over-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 764,009.98, a decline of 98.23% compared to the previous year[5]. - Total operating revenue for Q1 2024 was CNY 121,950,083.81, a decrease of 6.4% compared to CNY 130,428,802.80 in Q1 2023[22]. - Net profit for Q1 2024 was CNY 1,642,848.40, significantly down from CNY 44,397,530.60 in Q1 2023, indicating a decline of 96.3%[24]. - Earnings per share (EPS) for Q1 2024 was CNY 0.0034, compared to CNY 0.0916 in Q1 2023, reflecting a decrease of 96.3%[24]. Cash Flow and Investments - The net cash flow from operating activities increased by 304.96% to CNY 88,587,159.95[5]. - In Q1 2024, the net cash flow from operating activities was $88,587,159.95, a significant increase from $21,875,626.07 in Q1 2023, representing a growth of approximately 304%[27]. - Total cash inflow from operating activities in Q1 2024 was $233,011,952.01, down 19.3% from $288,779,211.17 in Q1 2023[27]. - Cash outflow from operating activities decreased to $144,424,792.06 in Q1 2024, compared to $266,903,585.10 in Q1 2023, a reduction of about 46%[27]. - The net cash flow from investing activities was $18,766,240.14 in Q1 2024, recovering from a negative cash flow of -$8,899,634.25 in Q1 2023[28]. - Cash inflow from investing activities increased significantly to $139,290,772.70 in Q1 2024, compared to only $10,539.34 in Q1 2023[28]. - Cash outflow from investing activities rose to $120,524,532.56 in Q1 2024, compared to $8,910,173.59 in Q1 2023, marking an increase of approximately 1,251%[28]. - The net cash flow from financing activities was -$85,234,920.66 in Q1 2024, worsening from -$2,419,957.88 in Q1 2023[28]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,003,084,877.13, an increase of 3.37% from the end of the previous year[6]. - Total assets as of Q1 2024 amounted to CNY 2,003,084,877.13, an increase from CNY 1,937,731,060.13 in the previous year[19]. - Total liabilities increased to CNY 417,450,049.62 in Q1 2024, compared to CNY 399,095,247.51 in Q1 2023, marking a rise of 4.3%[19]. - The company's cash and cash equivalents as of March 31, 2024, amount to RMB 69,236,824.95, an increase from RMB 47,118,345.52 at the end of 2023[17]. - Total current assets reached RMB 340,800,730.99, up from RMB 270,552,967.27 at the end of 2023[17]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 26,203[11]. - The largest shareholder, Hainan Shengtai Chuangfa Industrial Co., Ltd., holds 144,994,030 shares, accounting for 29.90% of total shares[12]. - The company has no related party relationships among its top three shareholders, ensuring independent governance[12]. Operational Highlights - The company reported a significant increase in prepayments by 344.03%, attributed to advance payments for goods and project costs[8]. - Accounts receivable rose by 127.09% primarily due to increased sales[8]. - The company is progressing with the Yellow Gum project, which was approved for funding on April 26, 2023[13]. - The company plans to issue up to RMB 300 million in stock to specific investors, pending shareholder approval[14]. Other Financial Metrics - The weighted average return on equity decreased by 2.84 percentage points to 0.11%[6]. - The company reported a significant decline in investment income, which fell to CNY 4,581,209.85 in Q1 2024 from CNY 37,711,766.23 in Q1 2023, a drop of 87.8%[22]. - The company’s deferred income tax liabilities decreased to CNY 50,595,683.68 in Q1 2024 from CNY 76,393,319.37 in Q1 2023, a reduction of 33.9%[19]. - Other comprehensive income after tax for Q1 2024 was CNY 11,775,938.38, compared to CNY 8,210,327.69 in Q1 2023, an increase of 43.5%[24].