HY(SH:601020)2024-04-26 14:23Financial Performance - The company's operating revenue for Q1 2024 reached ¥247,322,834.05, representing a 61.53% increase compared to the same period last year[7]. - Net profit attributable to shareholders was ¥38,164,041.42, marking a significant increase of 146.72% year-on-year[7]. - The basic earnings per share (EPS) increased by 73.12% to ¥0.048[7]. - The weighted average return on equity rose to 1.31%, an increase of 0.77 percentage points compared to the previous year[7]. - Net profit for Q1 2024 was ¥48,513,906.94, compared to ¥11,565,985.60 in Q1 2023, representing a growth of 319.5%[27]. - Earnings per share for Q1 2024 was ¥0.048, an increase from ¥0.028 in Q1 2023[28]. - The company reported a significant reduction in selling expenses, which fell to ¥237,009.81 from ¥966,057.87 year-over-year[27]. - The company's financial expenses decreased to ¥6,688,903.77 in Q1 2024 from ¥15,832,186.37 in Q1 2023, a reduction of 57.8%[42]. - The investment income for Q1 2024 was ¥9,502,601.18, compared to ¥6,227,793.48 in Q1 2023, representing an increase of 52.5%[42]. Cash Flow and Liquidity - The net cash flow from operating activities was ¥16,806,960.42, reflecting a 132.96% increase due to higher operating revenue[10]. - In Q1 2024, the company generated cash inflows from operating activities amounting to ¥265,912,294.51, a significant increase of 214.5% compared to ¥84,488,154.15 in Q1 2023[30]. - The net cash flow from operating activities was ¥16,806,960.42, recovering from a negative cash flow of ¥50,992,515.86 in the same period last year[31]. - Total cash and cash equivalents at the end of Q1 2024 were ¥95,609,364.50, compared to ¥46,697,626.36 at the end of Q1 2023, reflecting a year-over-year increase of 104.5%[33]. - The company's total cash and cash equivalents balance was ¥72,328,471.29 at the end of Q1 2024, up from ¥33,628,649.81 at the end of Q1 2023[48]. Assets and Liabilities - Total assets at the end of the reporting period were ¥5,352,320,497.24, a decrease of 1.24% from the end of the previous year[7]. - Total assets decreased to ¥5,352,320,497.24 in Q1 2024 from ¥5,419,570,844.50 in Q1 2023[23]. - The company's total assets as of March 31, 2024, were ¥4,575,234,185.94, an increase from ¥4,514,856,270.50 at the end of 2023[35]. - The total liabilities decreased to ¥1,813,635,973.80 in Q1 2024 from ¥1,915,985,824.86 in Q1 2023[23]. - The total liabilities decreased slightly from ¥3,200,000,000.00 in 2023 to ¥3,150,000,000.00 in Q1 2024, indicating improved financial stability[35]. - The total liabilities increased to ¥2,130,833,264.31 from ¥2,104,283,528.44, indicating a rise of 1.3%[39]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 41,487[12]. - As of March 31, 2024, Daoheng Investment holds 128,075,681 shares, accounting for 16.27% of the total share capital, with 65,382,734 shares pledged, representing 51.05% of its holdings and 8.30% of the total share capital[15]. - The total number of shares held by the top 10 unrestricted shareholders remains unchanged, indicating stability in shareholder structure[16]. - No significant changes were reported in the participation of major shareholders in margin financing and securities lending activities[16]. Operational Highlights - The company reported a significant increase in sales volume, contributing to the rise in revenue and profit[10]. - The company's total current assets increased to ¥497,831,293.58 from ¥479,689,259.02 as of December 31, 2023, reflecting a growth of approximately 2.4%[19]. - Cash and cash equivalents rose to ¥185,609,364.50 from ¥174,746,843.41, indicating an increase of about 6.0%[19]. - Accounts receivable increased significantly to ¥1,372,416.63 from ¥732,261.93, showing an increase of approximately 87.6%[19]. - Inventory decreased to ¥254,325,674.93 from ¥267,679,344.17, a decline of about 5.0%[19]. - Long-term equity investments slightly decreased to ¥472,259,790.81 from ¥472,618,671.73, a reduction of approximately 0.08%[19]. - Fixed assets increased to ¥2,072,418,413.86 from ¥2,040,254,944.46, reflecting a growth of about 1.6%[19]. - The company reported a decrease in intangible assets to ¥2,014,632,164.14 from ¥2,147,780,582.99, a decline of approximately 6.2%[19]. - The company plans to continue expanding its market presence and exploring new product development opportunities[26].