Haosen(SH:688529)2024-04-28 08:54Financial Performance - The company's revenue for Q1 2024 was CNY 439,740,134.87, representing a year-on-year increase of 7.18%[3] - The net profit attributable to shareholders decreased by 72.06% to CNY 7,831,077.18[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 83.59% to CNY 4,539,517.43[3] - Basic and diluted earnings per share decreased by 77.27% to CNY 0.05[3] - Net profit for Q1 2024 was CNY 6.67 million, a decrease of 76.1% from CNY 27.69 million in Q1 2023[19] - Basic and diluted earnings per share for Q1 2024 were CNY 0.05, down from CNY 0.22 in Q1 2023[19] Research and Development - Research and development expenses totaled CNY 40,481,412.97, an increase of 34.74% compared to the previous year[4] - R&D expenses accounted for 9.21% of total revenue, up by 1.89 percentage points[4] - The company's R&D expenses in Q1 2024 were CNY 40.48 million, an increase of 34.7% compared to CNY 30.04 million in Q1 2023[18] - The company is actively engaged in the development of new products and technologies, although specific details were not disclosed in the report[12] Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -285,756,414.23, indicating a significant cash outflow[3] - The company's cash flow from operating activities for Q1 2024 was not detailed in the provided content, indicating a need for further analysis[21] - The cash inflow from operating activities totaled $421,552,152.61 in Q1 2024, compared to $410,940,342.81 in Q1 2023, reflecting a slight increase of 0.15%[22] - The cash outflow from operating activities was $707,308,566.84 in Q1 2024, up from $687,273,619.47 in Q1 2023, resulting in a net cash flow from operating activities of -$285,756,414.23, compared to -$276,333,276.66 in the previous year[22] - The ending cash and cash equivalents balance for Q1 2024 was $476,073,570.73, compared to $262,947,633.27 in Q1 2023, showing a significant increase of 81.1%[23] Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,698,308,727.65, a 1.84% increase from the end of the previous year[4] - Total assets as of Q1 2024 amounted to CNY 5.70 billion, compared to CNY 5.60 billion at the end of Q1 2023[15] - Total liabilities for Q1 2024 were CNY 3.56 billion, an increase from CNY 3.47 billion in Q1 2023[15] - The company reported a decrease in short-term borrowings to CNY 789.10 million from CNY 841.49 million in Q1 2023[15] Shareholder Information - The company reported a total of 20,234,492 shares held by Dalian Botong Juyuan Industrial Co., Ltd., representing 12.10% of total shares[10] - Dalian Kairong Industrial Co., Ltd. holds 14,240,101 shares, accounting for 8.51% of total shares[10] - The company has not reported any changes in the participation of major shareholders in margin trading or securities lending activities[11] Future Outlook - Future outlook remains positive with ongoing market expansion strategies, although specific financial guidance was not provided[12] - The company maintains a strong focus on strategic partnerships and potential acquisitions to enhance market position[12] Operating Costs - Total operating revenue for Q1 2024 was CNY 439.74 million, an increase of 7.5% compared to CNY 410.29 million in Q1 2023[17] - Total operating costs for Q1 2024 were CNY 439.30 million, up 16.9% from CNY 375.47 million in Q1 2023[18] Non-Recurring Items - Non-recurring gains and losses amounted to CNY 3,291,559.75 after tax adjustments[6]