HCR(SH:688500)2024-04-29 08:56Financial Performance - The company's operating revenue for Q1 2024 was ¥71,026,151.43, representing a decrease of 25.35% compared to ¥95,139,759.03 in the same period last year[5]. - The net profit attributable to shareholders was a loss of ¥18,854,432.04, compared to a loss of ¥17,561,367.90 in the previous year[5]. - The net cash flow from operating activities was negative at ¥44,077,354.94, a significant decline from a positive cash flow of ¥4,232,729.82 in the same quarter last year, marking a decrease of 1,141.35%[6]. - Total operating revenue for Q1 2024 was ¥71,026,151.43, a decrease of 25.3% compared to ¥95,139,759.03 in Q1 2023[22]. - Net loss for Q1 2024 was ¥18,490,170.00, compared to a net loss of ¥682,478.21 in Q1 2023, indicating a significant decline in profitability[23]. - The company recorded a total comprehensive loss of -20,141,974.64 RMB in Q1 2024, compared to a loss of -1,050,336.42 RMB in Q1 2023[24]. - Basic and diluted earnings per share were both -0.257 RMB in Q1 2024, compared to -0.059 RMB in Q1 2023, indicating a worsening performance[24]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,130,937,734.08, down 5.86% from ¥1,201,342,417.54 at the end of the previous year[6]. - The company's total assets decreased to ¥1,130,937,734.08 in Q1 2024 from ¥1,201,342,417.54 in Q1 2023, reflecting a reduction of approximately 5.9%[19]. - Total liabilities decreased to ¥351,980,736.43 in Q1 2024 from ¥401,440,063.23 in Q1 2023, a decline of about 12.3%[20]. - The total equity attributable to shareholders decreased to ¥772,653,086.25 in Q1 2024 from ¥793,962,704.95 in Q1 2023, a decline of approximately 2.7%[20]. Cash Flow - The company experienced a significant decline in cash flow due to reduced project collections and increased temporary expenses[11]. - As of March 31, 2024, the company's cash and cash equivalents amount to ¥221,908,372.31, down from ¥250,208,846.70 as of December 31, 2023[17]. - The company's cash and cash equivalents decreased from ¥484,316,613.70 in the previous quarter to ¥466,691,654.79 in Q1 2024[18]. - Cash and cash equivalents at the end of Q1 2024 were 208,917,861.54 RMB, down from 226,295,581.81 RMB at the end of Q1 2023[27]. - The net cash flow from investing activities was 18,630,027.67 RMB in Q1 2024, a decrease from 43,073,473.60 RMB in Q1 2023[26]. - The company experienced a net cash outflow from financing activities of -3,254,948.34 RMB in Q1 2024, compared to -18,839,615.88 RMB in Q1 2023[27]. - The total cash inflow from operating activities was 125,166,331.97 RMB in Q1 2024, down from 173,459,443.56 RMB in Q1 2023[26]. - The company received 400,000,000.00 RMB from investment recoveries in Q1 2024, compared to 720,000,000.00 RMB in Q1 2023, reflecting a decrease of approximately 44%[26]. - The company reported a significant increase in cash paid for purchasing goods and services, totaling 89,253,318.64 RMB in Q1 2024, compared to 95,464,475.98 RMB in Q1 2023[26]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 3,005[13]. - The largest shareholder, Xinjiang Liangzhi Zhengde Enterprise Management Consulting Co., Ltd., holds 16,803,750 shares, accounting for 22.62% of total shares[14]. - The top ten shareholders include several investment firms, with the second-largest being Shanghai Zhuopu Enterprise Management Office holding 5,668,565 shares, or 7.63%[14]. - The company reported that there are no changes in the participation of major shareholders in margin financing and securities lending activities compared to the previous period[15]. - The company has a total of 1,074,056 shares pledged by Yongxin County Shuangyun Enterprise Management Consulting Center[14]. Research and Development - Research and development expenses totaled ¥10,177,069.73, accounting for 14.33% of operating revenue, an increase of 3.03 percentage points from 11.30% in the previous year[6]. - Research and development expenses for Q1 2024 were ¥10,177,069.73, slightly down from ¥10,748,230.70 in Q1 2023[23]. Regulatory and Compliance - The company is undergoing adjustments due to prior accounting errors as per regulatory requirements, which may impact future financial reporting[7]. - The company has eliminated the issues that previously led to a qualified audit opinion for the 2022 financial year[15]. - The company is focused on maintaining transparency and will disclose any updates regarding the delisting risk warning application[16]. - The company has submitted an application to revoke the delisting risk warning for its stock, which is subject to approval by the Shanghai Stock Exchange[16].