HNTY(SH:600698)2024-04-26 08:35Financial Performance - The company's operating revenue for Q1 2024 was CNY 100,550,629.98, representing a decrease of 6.50% compared to the same period last year[5]. - The net profit attributable to shareholders was CNY 628,473.01, down 5.58% year-on-year[5]. - The net profit after deducting non-recurring gains and losses was CNY -1,821,614.18, a significant decrease of 463.23% compared to the previous year[5]. - Total operating revenue for Q1 2024 was CNY 100,550,629.98, a decrease of 6.9% compared to CNY 107,545,004.53 in Q1 2023[19]. - The net profit for Q1 2024 was CNY 628,473.01, a decrease of 5.58% compared to CNY 665,614.01 in Q1 2023[20]. - Operating profit for Q1 2024 was CNY -454,645.48, compared to CNY 635,113.94 in the same period last year[20]. - The total comprehensive income for Q1 2024 was CNY 628,473.01, compared to CNY 665,614.01 in Q1 2023[20]. Cash Flow and Liquidity - The net cash flow from operating activities was CNY 1,393,854.80, an increase attributed to the receipt of VAT refunds[10]. - Cash flow from operating activities for Q1 2024 was CNY 1,393,854.80, significantly up from CNY 454.11 in Q1 2023[21]. - The total cash inflow from operating activities in Q1 2024 was CNY 66,743,838.99, compared to CNY 52,733,836.26 in Q1 2023[21]. - Cash and cash equivalents as of March 31, 2024, were CNY 261,517,633.94, down from CNY 297,446,066.07 at the end of 2023, a decrease of 12.1%[15]. - The cash and cash equivalents at the end of Q1 2024 were CNY 213,066,790.86, down from CNY 283,677,844.48 at the end of Q1 2023[22]. - The company reported a cash outflow from financing activities of CNY -1,669,700.00 in Q1 2024[22]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,144,385,288.57, a decrease of 7.33% from the end of the previous year[6]. - Total assets decreased to CNY 1,144,385,288.57 from CNY 1,234,886,366.56, a reduction of 7.3%[18]. - Total liabilities decreased to CNY 380,228,530.29 from CNY 471,515,407.27, a decline of 19.4%[17]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 89,524[12]. - The largest shareholder, China Changan Automobile Group Co., Ltd., holds 398,067,580 shares, accounting for 37.13% of total shares[13]. Operational Metrics - Total operating costs for Q1 2024 were CNY 102,941,406.43, down from CNY 108,066,610.29 in Q1 2023, reflecting a reduction of 4.5%[19]. - Gross profit margin for Q1 2024 was approximately 1.4%, compared to 0.4% in Q1 2023, indicating improved profitability despite lower revenue[19]. - Research and development expenses for Q1 2024 were CNY 2,989,725.31, compared to CNY 2,741,201.01 in Q1 2023, reflecting an increase of 9.1%[19]. - Revenue from sales of goods and services received in Q1 2024 was CNY 59,574,143.37, an increase from CNY 49,000,114.43 in Q1 2023[21]. Non-Recurring Items - The company recognized non-recurring gains of CNY 2,450,087.19, primarily from government subsidies and asset disposals[9].