HIUV(SH:688680)2024-04-28 07:44Financial Performance - The company's operating revenue for Q1 2024 was ¥876,971,604.75, representing a decrease of 35.08% compared to the same period last year[5]. - The net profit attributable to shareholders was a loss of ¥18,840,674.44, a decline of 182.83% year-over-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥21,710,448.54, down 192.01% from the previous year[5]. - The basic earnings per share for the period was -¥0.23, reflecting a decrease of 183.87% compared to the same period last year[6]. - The company recorded a total comprehensive loss of ¥18,335,898.66 in Q1 2024, compared to a comprehensive income of ¥22,745,698.07 in Q1 2023[22]. Assets and Liabilities - The total assets at the end of the reporting period were ¥5,185,023,832.32, a decrease of 3.69% from the end of the previous year[6]. - As of March 31, 2024, the company's total assets amounted to CNY 5,185,023,832.32, a decrease from CNY 5,383,406,260.32 at the end of 2023, reflecting a decline of approximately 3.67%[16]. - The company's cash and cash equivalents decreased to CNY 374,821,930.68 from CNY 510,244,429.00, representing a decline of about 26.5%[16]. - Accounts receivable decreased to CNY 1,141,374,403.06 from CNY 1,273,366,814.59, indicating a reduction of approximately 10.35%[16]. - Inventory decreased to CNY 638,027,632.42 from CNY 729,154,459.88, showing a decline of about 12.5%[17]. - Total current liabilities decreased to CNY 2,065,778,354.63 from CNY 2,228,706,793.81, a reduction of approximately 7.3%[18]. - The company's total liabilities decreased to CNY 3,024,432,251.52 from CNY 3,184,928,420.91, reflecting a decline of about 5.04%[18]. - Non-current assets increased slightly to CNY 1,422,098,767.26 from CNY 1,409,013,308.09, an increase of approximately 0.93%[17]. - The company reported a total equity of CNY 2,160,591,580.80 as of March 31, 2024[18]. Cash Flow - The net cash flow from operating activities was -¥280,532,578.61, indicating a significant decrease in cash inflow related to operations[5]. - The company reported a net cash outflow from operating activities of ¥280,532,578.61 in Q1 2024, an improvement from a net outflow of ¥720,599,081.09 in Q1 2023[25]. - Cash inflow from operating activities totaled ¥803,422,070.19 in Q1 2024, slightly lower than ¥834,383,370.81 in Q1 2023[25]. - The company achieved cash inflow from investment activities of ¥131,745,939.03 in Q1 2024, a significant increase from ¥19,889,369.97 in Q1 2023[25]. - Cash received from financing activities amounted to ¥150,000,000.00 in Q1 2024, compared to ¥577,169,850.00 in Q1 2023, indicating a decrease in financing inflow[25]. - The total cash inflow from financing activities was $617,072,145.44, compared to $1,145,973,672.91 in the same quarter last year[26]. - Cash outflows for financing activities amounted to $443,369,951.90, an increase from $312,973,402.24 year-over-year[26]. - The company reported a cash decrease of $84,542,460.18 during the quarter, compared to a decrease of $91,200,441.91 in the previous year[26]. - The company repaid $407,195,244.00 in debt during the quarter, up from $286,142,594.00 in the same period last year[26]. Research and Development - Research and development expenses totaled ¥34,217,947.51, accounting for 3.90% of operating revenue, an increase of 0.30 percentage points year-over-year[6]. - Research and development expenses for Q1 2024 were ¥34,217,947.51, down from ¥39,530,819.31 in Q1 2023, showing a decrease of about 13%[20]. Market Conditions - The company experienced a significant decline in sales volume and pricing of its main product, photovoltaic film, due to a drop in raw material prices[9]. Shareholder Information - The company has not reported any significant changes in its major shareholders or their shareholdings during the reporting period[14]. - There are no significant new strategies or product developments mentioned in the report[14].