HSPC(SH:603353)2024-04-26 13:07Financial Performance - The company's operating revenue for Q1 2024 was CNY 807,278,398.98, representing a decrease of 7.09% compared to the same period last year[6] - The net profit attributable to shareholders for Q1 2024 was CNY 9,216,663.30, down 24.53% year-on-year[6] - Basic earnings per share for Q1 2024 were CNY 0.05, reflecting a decrease of 28.57% year-on-year[7] - Total operating revenue for Q1 2024 was CNY 807,278,398.98, a decrease of 7.06% compared to CNY 868,927,418.33 in Q1 2023[19] - Net profit for Q1 2024 increased to CNY 9,444,714.12, compared to a net profit of CNY 8,966,451.47 in Q1 2023, reflecting a growth of 5.36%[19] - The net profit for Q1 2024 was CNY 9,186,422.58, a decrease of 24.4% compared to CNY 12,162,851.80 in Q1 2023[20] - The total profit for Q1 2024 was CNY 13,161,563.22, down from CNY 15,171,904.68 in the same period last year, reflecting a decline of 13.2%[20] - The operating profit for Q1 2024 was CNY 13,157,434.25, compared to CNY 13,732,466.23 in Q1 2023, indicating a decrease of 4.2%[20] Cash Flow and Liquidity - The net cash flow from operating activities was negative CNY 97,532,642.08, a decline of 213.01% compared to the previous year[6] - The net cash flow from operating activities for Q1 2024 was negative CNY 97,532,642.08, compared to positive CNY 86,301,591.03 in Q1 2023[24] - The net cash flow from investing activities for Q1 2024 was CNY 238,591,429.57, a significant improvement from negative CNY 224,466,612.48 in Q1 2023[24] - The total cash and cash equivalents at the end of Q1 2024 was CNY 274,034,526.54, an increase from CNY 233,378,827.28 at the end of Q1 2023[24] - The total cash outflow from operating activities in Q1 2024 was CNY 1,121,122,933.95, compared to CNY 1,032,534,633.36 in Q1 2023, reflecting an increase of 8.6%[23] Assets and Liabilities - Total assets at the end of Q1 2024 were CNY 2,178,839,509.77, down 1.97% from the end of the previous year[7] - Total assets decreased to CNY 2,178,839,509.77 as of March 31, 2024, from CNY 2,222,696,464.20 as of December 31, 2023, a decline of 1.97%[18] - Total liabilities decreased to CNY 518,623,053.65 as of March 31, 2024, down from CNY 571,666,430.66 as of December 31, 2023, a reduction of 9.27%[17] - Current assets totaled CNY 805,393,898.01 as of March 31, 2024, down from CNY 840,247,079.81 as of December 31, 2023, a decrease of 4.14%[16] - The company reported a decrease in accounts payable to CNY 45,376,067.17 as of March 31, 2024, from CNY 59,840,901.85 as of December 31, 2023, a decline of 24.19%[16] Inventory and Receivables - Accounts receivable rose by 30.8% as credit customers increased oil purchases during the period[10] - Inventory increased by 30.13% due to higher oil purchases in the current period[10] - Inventory increased to CNY 360,072,396.93 as of March 31, 2024, compared to CNY 276,697,450.09 as of December 31, 2023, an increase of 30.14%[15] Shareholder Information - The company reported a total of 11,746 common shareholders at the end of the reporting period[12] Future Outlook - The company plans to focus on expanding its market presence and enhancing product development in the upcoming quarters[19] - The company did not report any new product launches or significant market expansion strategies during the quarter[25]