华自科技(300490) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 reached ¥772,161,883.30, representing a 95.39% increase compared to ¥395,188,954.63 in the same period last year[5] - Net profit attributable to shareholders was ¥3,385,412.25, a significant turnaround from a loss of ¥31,965,008.42 in the previous year, marking a 110.59% increase[5] - The basic earnings per share improved to ¥0.01 from a loss of ¥0.10, reflecting a 110.00% increase[5] - Total operating revenue for Q1 2024 reached ¥772,161,883.30, a significant increase of 95.4% compared to ¥395,188,954.63 in Q1 2023[24] - The net loss for Q1 2024 was ¥6,542,002.86, an improvement from a net loss of ¥39,975,514.15 in Q1 2023[25] - The operating profit for Q1 2024 was reported at -¥13,146,234.46, compared to -¥47,392,873.13 in the previous year, indicating a narrowing of losses[24] - The company reported a profit attributable to the parent company of ¥3,385,412.25 in Q1 2024, contrasting with a loss of ¥31,965,008.42 in Q1 2023[25] Asset and Liability Management - Total assets decreased by 5.96% to ¥6,601,453,309.13 from ¥7,019,822,992.86 at the end of the previous year[5] - The total assets of Huazi Technology Co., Ltd. decreased from CNY 7,019,822,992.86 at the beginning of the period to CNY 6,601,453,309.13 at the end of the period, representing a decrease of approximately 5.94%[19] - Total liabilities decreased to ¥3,771,991,261.71 in Q1 2024 from ¥4,186,780,808.48 in Q1 2023, reflecting a reduction of approximately 9.9%[24] - The total current liabilities decreased from CNY 3,080,000,000 to CNY 2,800,000,000, reflecting a reduction of approximately 9.06%[21] - Total equity attributable to shareholders of the parent company was ¥2,778,965,567.80, slightly up from ¥2,772,515,789.65 in the previous year[24] Cash Flow Analysis - Cash flow from operating activities showed a net outflow of ¥177,214,232.25, worsening by 44.80% compared to a net outflow of ¥122,386,912.52 in the prior year[11] - The net cash flow from operating activities decreased by 44.8% compared to the same period last year, primarily due to a decline in cash received from sales of goods and services[12] - Cash inflow from operating activities totaled $548.90 million, down 21% from $693.97 million in the prior period[28] - Cash outflow from operating activities was $726.11 million, a decrease of 11% from $816.36 million year-over-year[28] - The company's cash flow from operating activities reflects challenges in revenue generation and cost management strategies[28] Investment Activities - Cash inflow from investment activities decreased by 79.14% year-on-year, mainly due to the impact of the subsidiary Huazi Grant's previous land use rights transfer and construction project payments[12] - Cash outflow from investment activities decreased by 76.43% year-on-year, primarily due to a reduction in cash paid for the purchase of fixed assets, intangible assets, and other long-term assets[12] - The net cash flow from investment activities increased by 75.29% compared to the same period last year, mainly due to a decrease in cash outflow from investment activities[12] - The net cash flow from investing activities was -$29.68 million, an improvement from -$120.09 million in the previous period[29] - Cash inflow from investing activities decreased significantly to $10.52 million from $50.42 million year-over-year[29] - Cash outflow from investing activities was $40.20 million, down 76% from $170.52 million in the prior period[29] Financing Activities - Cash inflow from financing activities decreased by 73.11% year-on-year, primarily due to a decline in cash received from investment absorption[12] - Cash outflow from financing activities decreased by 81.12% year-on-year, mainly due to a reduction in cash paid for debt repayment[12] - The net cash flow from financing activities decreased by 69.49% compared to the same period last year, primarily due to a decline in cash inflow from financing activities[12] - The net cash flow from financing activities was $243.66 million, a decrease of 69% from $798.52 million in the previous period[29] - Cash inflow from financing activities totaled $311.81 million, down 73% from $1.16 billion year-over-year[29] Operational Changes and Future Plans - The company completed a board and management restructuring on September 15, 2023, which may impact future operational strategies[18] - The company plans to continue its market expansion and product development strategies in the upcoming quarters[19] - Research and development expenses increased to ¥38,332,511.49 in Q1 2024, up from ¥31,776,873.19 in Q1 2023, highlighting a focus on innovation[24] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 36,977[14] - The company reported a total of 7,327,833 shares with 2,205,571 shares released from restrictions during the period[18]