hailir(SH:603639)2024-04-26 14:17Financial Performance - The company's revenue for Q1 2024 was CNY 1,147,462,366.23, representing a decrease of 6.70% compared to the same period last year[5]. - Net profit attributable to shareholders was CNY 90,735,881.42, down 40.37% year-on-year[5]. - The basic earnings per share (EPS) was CNY 0.27, reflecting a decline of 39.60% compared to the previous year[5]. - The company reported a net profit margin of approximately 10.5% for Q1 2024, down from 11.5% in Q1 2023, highlighting a decline in profitability[19]. - In Q1 2024, the net profit was CNY 90,735,881.42, a decrease of 40.5% compared to CNY 152,156,390.34 in Q1 2023[20]. - The total revenue from operating activities was CNY 501,598,684.88, down 35.9% from CNY 782,227,379.08 in the same period last year[23]. - The company reported a total comprehensive income of CNY 90,750,801.43, down 40.5% from CNY 152,207,027.82 in the previous year[21]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -177,401,401.40, a decrease of 219.94% year-on-year[5]. - The net cash flow from operating activities was negative at CNY -177,401,401.40, compared to a positive CNY 147,905,383.19 in Q1 2023[24]. - Cash and cash equivalents decreased to RMB 495,061,729.49 from RMB 981,142,566.46 as of December 31, 2023, reflecting a significant liquidity contraction[14]. - The cash and cash equivalents at the end of the period were CNY 106,934,678.02, significantly lower than CNY 650,129,364.93 at the end of Q1 2023[25]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 6,252,237,738.14, down 3.05% from the end of the previous year[6]. - Total assets as of March 31, 2024, were RMB 6,252,237,738.14, down from RMB 6,448,631,718.85 at the end of 2023[16]. - Total liabilities decreased to RMB 2,747,773,915.07 from RMB 3,066,491,911.12, reflecting a reduction in financial obligations[16]. - The company's equity attributable to shareholders increased to RMB 3,504,463,823.07 from RMB 3,382,139,807.73, indicating a strengthening of the balance sheet[16]. Operational Efficiency - Total operating revenue for Q1 2024 was RMB 1,147,462,366.23, a decrease of 6.7% compared to RMB 1,229,872,265.99 in Q1 2023[19]. - Total operating costs for Q1 2024 were RMB 1,011,047,787.69, slightly down from RMB 1,017,504,033.58 in Q1 2023, indicating a cost management strategy[19]. - The total operating expenses were CNY 52,538,063.95 for sales and CNY 56,134,450.30 for management, showing a decrease from CNY 53,964,592.90 and CNY 61,769,379.61 respectively in Q1 2023[20]. - Inventory decreased to RMB 901,231,047.33 from RMB 967,622,845.46, indicating improved inventory management[14]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 14,265[10]. Market and Strategic Focus - The company is focusing on enhancing its product development and market expansion strategies to drive future growth[19]. Tax and Financial Expenses - The company reported a significant increase in tax expenses, totaling CNY 11,261,469.76, compared to CNY 22,598,921.51 in the previous year[20]. - The company incurred a financial expense of CNY -5,357,544.88, a significant improvement compared to CNY 15,592,833.80 in Q1 2023[20]. Accounts Receivable - The company reported a significant increase in accounts receivable by 60.72% due to seasonal sales[8]. - Accounts receivable increased to RMB 1,267,842,460.35 from RMB 788,870,089.32, suggesting potential challenges in cash collection[14]. Fair Value Gains - The company recorded a 361.80% increase in fair value gains due to currency fluctuations[8]. Return on Equity - The company's weighted average return on equity (ROE) was 2.65%, a decrease of 1.97% compared to the previous year[6].