HLC(SH:600731)2024-04-29 07:37Financial Performance - The company's operating revenue for Q1 2024 was CNY 343,665,585.56, representing a decrease of 41.82% compared to the same period last year[5] - Net profit attributable to shareholders was CNY 9,697,183.57, down 88.63% year-on-year[5] - The net profit after deducting non-recurring gains and losses was CNY 6,156,716.62, a decline of 92.57% compared to the previous year[5] - Basic earnings per share decreased by 89.29% to CNY 0.0174[5] - Total revenue for Q1 2024 was ¥343,665,585.56, a decrease of 42% compared to ¥590,720,878.11 in Q1 2023[22] - Net profit for Q1 2024 was ¥8,186,519.75, a decline of 90% from ¥84,444,969.15 in Q1 2023[23] - Operating profit for Q1 2024 was ¥14,050,948.72, a decrease of 86% compared to ¥102,734,549.53 in Q1 2023[22] - The company reported a total comprehensive income of ¥8,186,519.75 for Q1 2024, down from ¥84,444,969.15 in Q1 2023[23] Cash Flow and Assets - The net cash flow from operating activities was negative at CNY -163,875,077.77, a decrease of 379.68% year-on-year[5] - Cash flow from operating activities for Q1 2024 was negative at -¥163,875,077.77, compared to positive cash flow of ¥58,592,906.66 in Q1 2023[24] - Cash and cash equivalents decreased to RMB 832,017,591.39 from RMB 1,061,578,890.17, representing a decline of approximately 21.6%[16] - Cash and cash equivalents at the end of Q1 2024 were ¥827,696,479.40, down from ¥1,367,753,660.41 at the end of Q1 2023[25] - The company's current assets totaled RMB 2,142,579,000.43, down from RMB 2,342,164,479.43, indicating a decrease of about 8.5%[16] - Total assets at the end of the reporting period were CNY 4,217,929,859.48, down 4.19% from the end of the previous year[6] - As of March 31, 2024, the total assets of Hunan Haili Chemical Co., Ltd. amounted to RMB 4,217,929,859.48, a decrease from RMB 4,402,336,693.11 as of December 31, 2023, reflecting a decline of approximately 4.2%[18] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 28,034[12] - The largest shareholder, Hunan Haili High-tech Industry Group Co., Ltd., holds 23.50% of the shares, totaling 131,306,849 shares[12] Liabilities and Equity - Total liabilities decreased to RMB 1,068,825,540.95 from RMB 1,262,730,795.16, a decline of about 15.3%[18] - The company's equity attributable to shareholders increased slightly to RMB 3,015,814,617.72 from RMB 3,004,900,926.46, reflecting a growth of approximately 0.4%[18] - The total current liabilities decreased to RMB 514,604,577.29 from RMB 708,791,470.92, a reduction of approximately 27.4%[18] Expenses - Total operating costs for Q1 2024 were ¥332,813,010.01, down 32% from ¥491,124,993.89 in Q1 2023[22] - Research and development expenses for Q1 2024 were ¥26,491,472.23, a decrease of 14% from ¥30,825,402.00 in Q1 2023[22] - The company reported a significant decrease in employee compensation payable, which fell to RMB 35,683,478.48 from RMB 87,961,267.33, a decline of about 59.5%[18] Non-Recurring Items - The company received government subsidies amounting to CNY 3,952,811.55, which are closely related to its normal business operations[8] - The company did not report any net profit from subsidiaries in the current quarter, consistent with the previous year[24] Return on Equity - The weighted average return on equity decreased to 0.32%, down 3.03 percentage points from the previous year[6]