HULUWA(SH:605199)2024-04-26 11:39Financial Performance - The company's operating revenue for Q1 2024 was CNY 430,405,183.89, representing a decrease of 18.37% compared to the same period last year[5]. - The net profit attributable to shareholders for Q1 2024 was CNY 29,032,483.80, down 28.42% year-on-year[5]. - The basic earnings per share for Q1 2024 was CNY 0.07, reflecting a decline of 30.00% compared to the previous year[5]. - Total operating revenue for Q1 2024 was CNY 430.41 million, a decrease of 18.4% compared to CNY 527.26 million in Q1 2023[17]. - Net profit for Q1 2024 was CNY 30.16 million, a decline of 25.4% from CNY 40.42 million in Q1 2023[19]. - Earnings per share for Q1 2024 were CNY 0.07, compared to CNY 0.10 in Q1 2023[20]. Cash Flow - The net cash flow from operating activities for Q1 2024 was CNY -190,443,500.39, indicating a significant cash outflow[5]. - Cash flow from operating activities in Q1 2024 was negative CNY 190.44 million, worsening from negative CNY 118.33 million in Q1 2023[24]. - Cash outflow from operating activities totaled CNY 496.73 million in Q1 2024, compared to CNY 482.50 million in Q1 2023[24]. - Investment activities generated a net cash outflow of CNY 91.93 million in Q1 2024, compared to CNY 123.10 million in Q1 2023[24]. - Cash inflow from financing activities in Q1 2024 was CNY 98.98 million, significantly lower than CNY 257.35 million in Q1 2023[24]. - The company reported a significant increase in financial expenses, with interest expenses rising to CNY 5.88 million in Q1 2024 from CNY 3.81 million in Q1 2023[17]. - In Q1 2024, the company reported a net cash flow from financing activities of -$1,692,343.71, a significant decrease compared to $100,205,850.47 in Q1 2023[25]. - The total cash and cash equivalents at the end of Q1 2024 were $236,868,072.80, down from $322,610,823.41 in Q1 2023, reflecting a decrease of approximately 26.5%[25]. - The cash outflow from financing activities totaled $100,672,343.71 in Q1 2024, compared to $157,139,915.35 in the same period last year, indicating a reduction of about 36%[25]. - The company experienced a net decrease in cash and cash equivalents of $284,069,641.62 in Q1 2024, compared to a decrease of $141,230,543.14 in Q1 2023[25]. - The beginning cash and cash equivalents balance for Q1 2024 was $520,937,714.42, which is an increase from $463,841,366.55 in Q1 2023[25]. Assets and Liabilities - The total assets at the end of Q1 2024 were CNY 3,028,414,701.53, a decrease of 1.05% from the end of the previous year[6]. - As of March 31, 2024, the company's total assets amounted to RMB 3,028,414,701.53, a decrease from RMB 3,060,548,675.78 as of December 31, 2023, reflecting a decline of approximately 1.06%[14]. - The company's cash and cash equivalents decreased to RMB 251,166,833.49 from RMB 522,689,865.24, representing a significant decline of about 52.0%[14]. - Current liabilities totaled RMB 1,214,446,409.49, up from RMB 1,082,500,727.83, reflecting an increase of approximately 12.2%[16]. - The company's long-term borrowings decreased to RMB 543,678,654.80 from RMB 737,428,654.80, a reduction of about 26.3%[16]. - The total liabilities decreased to RMB 1,838,677,753.43 from RMB 1,901,175,403.43, indicating a decline of approximately 3.3%[16]. - The retained earnings increased to RMB 394,131,600.27 from RMB 365,099,116.47, reflecting a growth of about 7.1%[16]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 32,421[11]. - The largest shareholder, Hainan Huluwa Investment Development Co., Ltd., held 41.76% of the shares, totaling 167,079,000 shares[11]. Other Financial Metrics - The weighted average return on equity for Q1 2024 was 2.56%, a decrease of 1.36 percentage points year-on-year[5]. - The company reported a government subsidy of CNY 6,328,051.96, which is included in non-operating income[7]. - Accounts receivable increased to RMB 557,741,207.29 from RMB 540,600,831.70, showing a growth of approximately 3.2%[14]. - Inventory rose to RMB 306,845,689.51 from RMB 265,561,874.47, indicating an increase of around 15.5%[15]. - The company's long-term equity investments increased to RMB 22,959,989.94 from RMB 20,444,191.34, showing a growth of about 12.3%[15]. - The company reported a significant increase in prepayments, which rose to RMB 73,931,621.66 from RMB 25,522,559.90, marking an increase of approximately 189.5%[14]. - Total operating costs for Q1 2024 were CNY 402.98 million, down 13.7% from CNY 467.07 million in Q1 2023[17].