翰博高新(301321) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was ¥469,312,398.15, representing a 1.12% increase compared to ¥464,101,770.77 in the same period last year[5]. - The net profit attributable to shareholders was -¥15,044,864.43, a decrease of 595.68% from ¥3,035,225.29 in the previous year[5]. - The total operating revenue for Q1 2024 was CNY 469,312,398.15, a slight increase from CNY 464,101,770.77 in Q1 2023, representing a growth of approximately 0.5%[20]. - The net profit for Q1 2024 was a loss of CNY 15,191,210.43, compared to a profit of CNY 4,514,076.11 in the same period last year, indicating a significant decline in profitability[21]. - The total comprehensive income for the first quarter was -¥15,206,797.43, compared to ¥3,818,767.77 in the previous period[22]. Cash Flow - The net cash flow from operating activities was -¥134,201,181.14, a decline of 104.42% compared to -¥65,651,184.52 in Q1 2023[10]. - Cash inflow from operating activities totaled ¥465,510,352.07, while cash outflow was ¥599,711,533.21, resulting in a net cash outflow of ¥134,201,181.14[24][25]. - The net cash flow from investing activities was ¥63,790,895.83, a significant improvement from -¥158,904,415.82 in the previous period[25]. - Cash inflow from financing activities was ¥292,582,205.30, while cash outflow was ¥211,908,385.12, resulting in a net cash inflow of ¥80,673,820.18[25]. Assets and Liabilities - The total assets at the end of Q1 2024 were ¥4,699,835,411.82, an increase of 0.76% from ¥4,664,536,516.54 at the end of the previous year[5]. - Total liabilities increased to CNY 3,403,238,515.12 from CNY 3,241,285,745.82, representing an increase of approximately 5.0%[19]. - The company's total assets amounted to CNY 4,699,835,411.82, slightly up from CNY 4,664,536,516.54, showing a growth of about 0.8%[19]. - Long-term borrowings rose to CNY 1,228,669,415.59 from CNY 1,123,990,303.06, indicating an increase of approximately 9.3%[19]. Shareholder Information - The total number of shares held by the top 10 unrestricted shareholders includes 19,608,750 shares held by Hanbo Holdings Group Co., Ltd., which is the largest shareholder[13]. - The top shareholder, Wang Zhaozhong, holds a total of 31,567,725 shares, which are subject to lock-up agreements[15]. - The total number of restricted shares at the end of the period was 38,848,386, down from 39,025,573 at the beginning of the period, indicating a reduction of about 0.5%[15]. Expenses - Research and development expenses increased by 12.98% to ¥28,695,067.84 from ¥25,398,646.95 in Q1 2023[10]. - The company experienced a 34.90% rise in management expenses, totaling ¥43,349,524.93, primarily due to increased depreciation expenses[10]. - The total operating costs increased to CNY 497,284,013.71 from CNY 474,578,745.09, marking an increase of about 4.8%[20]. - The financial expenses decreased to CNY 7,012,036.95 from CNY 9,290,162.66, a reduction of approximately 24.5%[21]. Inventory and Receivables - The company's inventory increased by 20.08% to ¥431,760,927.60, attributed to increased stockpiling[10]. - Accounts receivable decreased to CNY 710,939,211.13 from CNY 858,322,049.10, indicating a decline of about 17.2%[17]. - The company reported a significant increase in accounts receivable financing by 138.01% to ¥19,198,482.16, due to increased customer bill repayments[10]. - The company reported a total of CNY 19,198,482.16 in receivables financing, which increased from CNY 8,066,229.44, showing a growth of approximately 138.4%[17]. Accounting Policies and Audits - The company has adopted new accounting policies effective from January 1, 2024, which will not significantly impact its financial results[26][31]. - The report for the first quarter was not audited[32]. Strategic Focus - The company is focused on maintaining its market position and exploring new strategies for growth, including potential market expansion and product development initiatives[15].