Financial Performance - Net profit attributable to shareholders rose by 134.28% to CNY 29,453,497.16 for the first quarter[11] - Operating revenue surged by 282.92% to CNY 188,191,477.58 year-on-year[11] - Basic earnings per share increased by 434.61% to CNY 0.21[11] - Net profit increased by 126.91% year-on-year to 31,058,645.07, primarily driven by the new subsidiaries contributing to net profit[14] - Operating profit grew by 112.29% year-on-year to 33,439,343.95, mainly due to the increase in the scope of consolidation and profits from new subsidiaries[14] - Total operating revenue for Q1 2024 reached ¥188,191,477.58, a significant increase of 282.5% compared to ¥49,146,333.95 in Q1 2023[54] - Net profit for Q1 2024 was ¥31,058,645.07, representing a 126.8% increase from ¥13,687,853.03 in Q1 2023[55] - Comprehensive income for Q1 2024 totaled ¥31,073,265.38, up from ¥13,319,491.55 in Q1 2023, marking a growth of 133.4%[55] Assets and Liabilities - Total assets increased by 18.62% to CNY 1,076,466,536.38 compared to the end of last year[11] - Total liabilities rose to ¥238,375,276.85 compared to ¥100,482,818.02, indicating a significant increase of about 136.5%[50] - Current liabilities surged to ¥202,988,940.76 from ¥94,649,147.33, reflecting an increase of approximately 114.4%[49] - Non-current liabilities increased to ¥35,386,336.09 from ¥5,833,670.69, marking a rise of about 507.5%[49] - Shareholders' equity totaled ¥838,091,259.53, up from ¥807,017,994.17, showing a growth of around 3.9%[50] - The company’s total assets and liabilities were not disclosed in the provided content, but the significant growth in revenue and profit suggests a positive outlook for future performance[54][55] Cash Flow - Cash flow from operating activities increased by 1,646.67% to CNY 45,893,031.25[11] - Cash flow from operating activities increased by 1,646.67% year-on-year to 45,893,031.25, primarily due to customer payments of 46,457,300 from Haixi Intelligent (Zhejiang)[15] - Cash flow from investing activities decreased by 636.80% year-on-year to -98,881,437.74, mainly due to new project expenditures of 35,970,700 from the subsidiary[15] - Cash flow from financing activities increased by 389.94% year-on-year to 35,757,577.83, primarily due to an increase in bank loans of 40,000,000[15] - The net cash flow from operating activities for Q1 2024 was ¥45,893,031.25, compared to ¥2,627,463.41 in Q1 2023, indicating a significant increase[59] - Cash inflow from operating activities totaled ¥152,166,692.26 in Q1 2024, while cash outflow was ¥106,273,661.01, resulting in a net cash inflow of ¥45,893,031.25[58] - The parent company reported a net cash outflow from investment activities of ¥51,345,964.05 in Q1 2024, compared to a net outflow of ¥9,602,487.32 in Q1 2023[61] Expenses - Sales expenses increased by 68.52% year-on-year to 7,062,443.13, primarily due to the addition of the subsidiary Haixi Intelligent (Zhejiang) with sales expenses of 1,525,400[14] - Management expenses rose by 91.19% year-on-year to 10,288,364.02, mainly attributed to the new subsidiary Haixi Intelligent (Zhejiang) incurring management expenses of 3,678,700[14] - R&D expenses surged by 183.24% year-on-year to 6,052,216.78, largely due to the new subsidiary Haixi Intelligent (Zhejiang) incurring R&D expenses of 1,856,200[14] - Total operating costs for Q1 2024 were ¥157,916,203.19, up 443.5% from ¥35,592,770.46 in Q1 2023[54] - Research and development expenses increased to ¥6,052,216.78 in Q1 2024, up from ¥2,136,813.98 in Q1 2023, reflecting a growth of 183.5%[54] Shareholder Information - The total share capital remained at 140,260,000 shares, with 78.23% being unrestricted shares[22] - The largest shareholder, Zhou Tong, holds 30,750,556 shares, representing 21.92% of the total shares[25] - Suzhou Chenlong Digital Technology Co., Ltd. is the second largest shareholder with 27,953,818 shares, accounting for 19.93%[25] - The total shares held by the top ten shareholders amount to 102,977,819, which is 73.42% of the total shares[25] - Suzhou Chenlong Digital Technology Co., Ltd. has pledged 16,100,000 shares[28] - The company has a total of 29,562,056 shares under lock-up agreements[25] Legal and Regulatory Matters - The company is involved in an ongoing software infringement lawsuit, with the first instance ruling against the company[34] - The company has reported no significant adverse impact on its operations or finances from the ongoing litigation[34] - The company received self-regulatory measures from the Beijing Stock Exchange due to violations related to related party transactions and revenue recognition[42] Future Plans and Transactions - The company plans to expand its business scope, contributing to significant revenue growth[12] - The company plans to provide guarantees for bank financing up to 350 million RMB for its wholly-owned subsidiary in 2024[35] - The company expects to engage in related party transactions with China Metallurgical Group, with a projected purchase and sales amount not exceeding 1.5 million RMB[36] - The company expects to pay related party rent to Zheng Weiping not exceeding CNY 100,000 in 2024, with no payments made during the reporting period[37] - The company anticipates paying rent to Zhejiang Chenlong Chip Manufacturing Co., Ltd. not exceeding CNY 480,000 in 2024, with no payments made during the reporting period[37] Contracts and Projects - The total amount of the energy storage system procurement contract signed by the company's wholly-owned subsidiary, Haixi Intelligent Technology (Zhejiang) Co., Ltd., with China Machinery International Engineering Design and Research Institute is CNY 197,715,007.43 (excluding tax)[38] - Revenue from the sale of energy storage systems for the Heze energy storage power station project amounted to CNY 98,857,503.72 (excluding tax) during the reporting period[38] - The company’s wholly-owned subsidiary, Him Technology (Shanghai) Co., Ltd., signed a construction contract with China Metallurgical Baosteel for a total amount of CNY 145,977,300.00[40] - As of the report date, the company has paid CNY 34,954,416.20 in progress payments to China Metallurgical Baosteel for the construction project[41]
海希通讯(831305) - 2024 Q1 - 季度财报