HHTG(SH:600095)2024-04-26 11:15Financial Performance - Total operating income for Q1 2024 was RMB 589,077,051.80, an increase of 4.59% compared to the same period last year[4]. - Operating revenue reached RMB 193,476,017.48, showing a significant increase of 54.05% year-on-year[4]. - Net profit attributable to shareholders decreased by 40.71% to RMB 90,634,579.11, primarily due to a decline in investment income recognized using the equity method[4][7]. - Basic and diluted earnings per share both fell by 40.75% to RMB 0.0317, reflecting the decline in net profit[4][9]. - Net profit for Q1 2024 was CNY 88,659,554.55, a decrease of 41.5% from CNY 151,242,723.33 in Q1 2023[27]. - Total comprehensive income for Q1 2024 was CNY 107,882,021.71, a decrease of 39.5% compared to CNY 178,715,021.41 in Q1 2023[29]. Cash Flow - The net cash flow from operating activities surged by 205.80% to RMB 2,046,520,565.43, attributed to increased net inflow of business funds[4][9]. - Cash inflow from operating activities in Q1 2024 was CNY 5,524,672,689.29, significantly higher than CNY 2,519,553,254.00 in Q1 2023, marking an increase of 119.4%[30]. - Net cash flow from operating activities for Q1 2024 was CNY 2,046,520,565.43, compared to CNY 669,229,970.93 in Q1 2023, reflecting a growth of 205.5%[31]. - Net cash flow from investing activities in Q1 2024 was -CNY 11,862,703.28, an improvement from -CNY 25,242,211.65 in Q1 2023[32]. - Net cash flow from financing activities for Q1 2024 was -CNY 718,429,449.90, slightly better than -CNY 765,776,985.15 in Q1 2023[32]. Assets and Liabilities - Total assets increased by 14.31% to RMB 37,768,547,552.92 compared to the end of the previous year[5]. - The total assets of the company reached approximately CNY 37.77 billion as of March 31, 2024, compared to CNY 33.04 billion at the end of 2023, reflecting an increase of about 14.5%[21]. - Total liabilities increased to CNY 25,761,046,632.31 in Q1 2024, compared to CNY 21,141,767,734.52 in Q1 2023, marking a growth of 22.5%[24]. - The company's total assets reached CNY 37,768,547,552.92 in Q1 2024, up from CNY 33,041,353,328.97 in Q1 2023, indicating a growth of 14.5%[24]. Shareholder Equity - Shareholders' equity attributable to the parent company rose by 0.93% to RMB 11,985,906,751.31[5]. - The total equity attributable to shareholders increased to CNY 11,985,906,751.31 in Q1 2024, compared to CNY 11,876,016,400.59 in Q1 2023, reflecting a growth of 0.9%[24]. Operating Costs and Revenue - Operating costs for Q1 2024 were CNY 656,646,588.68, an increase of 8.0% from CNY 608,053,979.33 in Q1 2023[25]. - The company reported a significant increase in sales revenue compared to the same period last year, contributing to the overall growth in operating income[7]. - The company reported a decrease in commission income to CNY 175,033,743.85 in Q1 2024, down from CNY 223,136,231.79 in Q1 2023, a decline of 21.5%[25]. Other Financial Metrics - Non-recurring gains and losses totaled RMB 2,349,301.45, mainly from government subsidies received[6]. - The weighted average return on net assets decreased by 0.5195 percentage points to 0.7603%[5]. - Other comprehensive income after tax for Q1 2024 was CNY 19,222,467.16, compared to CNY 27,472,298.08 in Q1 2023, a decrease of 30.0%[27]. - The company's financial expenses decreased to CNY 25,257,593.88 in Q1 2024 from CNY 26,007,951.57 in Q1 2023, a reduction of 2.9%[27]. Share Repurchase and Stock Options - The company repurchased a total of 1,593,400 shares at a maximum price of CNY 6.66 per share, accounting for 0.06% of the total share capital[17]. - As of April 26, 2024, the company had repurchased a total of 2.97 million shares, representing 0.10% of the total share capital, with a total expenditure of approximately CNY 19.65 million[18]. - The company has a stock option plan with a total of 2,582,000 options available for the first exercise period, with no options exercised in the first quarter of 2024[16]. Investor Engagement - The company participated in two broker strategy meetings during the reporting period to engage with investors and discuss strategic developments[19].