HDHM(002685)2024-04-26 11:44Financial Performance - The company's operating revenue for Q1 2024 was ¥152,300,027.71, a decrease of 43.81% compared to ¥271,039,799.77 in the same period last year[5] - Net profit attributable to shareholders was ¥20,874,844.61, down 16.93% from ¥25,129,511.39 year-on-year[5] - Net profit for Q1 2024 was ¥15.7 million, a decline of 37.5% from ¥25.1 million in Q1 2023[27] - Total operating revenue for Q1 2024 was ¥152.3 million, a decrease of 43.8% compared to ¥271.0 million in Q1 2023[26] - Total operating costs for Q1 2024 were ¥198.3 million, down 23.5% from ¥259.9 million in the same period last year[26] Cash Flow - The net cash flow from operating activities was -¥59,966,058.07, a significant decline of 2,136.04% compared to ¥2,945,225.85 in the previous year[5] - The net cash flow from operating activities was -59,966,058.07 CNY, a decrease from 2,945,225.85 CNY in the previous period[29] - Total cash inflow from operating activities was 246,297,947.67 CNY, compared to 191,637,839.87 CNY in the prior period, representing an increase of approximately 28.5%[29] - Cash outflow from operating activities totaled 306,264,005.74 CNY, up from 188,692,614.02 CNY, indicating a significant increase of about 62.3%[29] - The net cash flow from financing activities improved by 523.78%, reaching ¥169,124,394.75, primarily due to the release of bank guarantees[16] - The net cash flow from financing activities was 169,124,394.75 CNY, a significant improvement from -39,908,337.27 CNY in the previous period[30] - Total cash inflow from financing activities was 274,783,460.02 CNY, compared to 25,040,000.00 CNY last period, marking an increase of approximately 1,000%[30] Assets and Liabilities - Total assets increased by 2.92% to ¥3,199,907,082.26 from ¥3,109,216,637.94 at the end of the previous year[5] - The company's total assets increased to ¥3.2 billion in Q1 2024, up from ¥3.1 billion in Q1 2023, reflecting a growth of 2.5%[25] - Total liabilities rose to ¥1.77 billion in Q1 2024, compared to ¥1.70 billion in Q1 2023, marking an increase of 4.0%[25] - The company's total liabilities and equity structure remains stable, with no significant changes reported in the shareholder structure[19] Inventory and Investments - The company reported a 34.81% increase in inventory, amounting to ¥461,065,196.59, attributed to accelerated release of photovoltaic capacity[11] - The company’s inventory increased from 342,007,323.15 RMB to 461,065,196.59 RMB, reflecting a significant rise in stock levels[23] - The company reported a 106.78% decline in investment income, resulting in a loss of ¥75,530.35, due to reduced financial management returns[13] - The company’s long-term equity investments decreased slightly from 10,682,125.04 RMB to 10,554,114.88 RMB[23] Research and Development - Research and development expenses decreased by 34.02% to ¥6,786,462.24, reflecting a reduction in ongoing projects[13] - Research and development expenses for Q1 2024 were ¥6.8 million, a decrease of 34.5% from ¥10.3 million in Q1 2023[26] Strategic Initiatives - The company won multiple domestic and international contracts for intelligent port loading and unloading equipment, with a total value of approximately RMB 1.4 billion, expected to positively impact future performance[20] - The company signed a strategic cooperation agreement to establish a joint venture focused on zero-carbon hydrogen energy ports, enhancing its competitiveness in the hydrogen energy sector[21] - The company aims to enhance its market share in the intelligent port equipment sector through these strategic initiatives and partnerships[20] Shareholder Information - The total number of common shareholders at the end of the reporting period is 65,529[18] - The equity attributable to shareholders of the parent company was ¥1.45 billion, up from ¥1.43 billion year-over-year[25] Miscellaneous - The company's cash flow statement for Q1 2024 indicates a significant change in cash flow from operating activities, details pending[28] - The ending cash and cash equivalents balance was 145,225,559.04 CNY, down from 317,166,863.98 CNY in the previous period[30] - The company did not undergo an audit for the first quarter report[31]