QHHD(SH:600243)2024-04-29 08:51Financial Performance - The company's operating revenue for Q1 2024 was ¥57,264,409.13, representing a decrease of 9.99% compared to the same period last year[4]. - The net profit attributable to shareholders was -¥7,617,837.44, with a basic and diluted earnings per share of -¥0.02[4]. - The company's net loss for Q1 2024 was CNY 7,182,837.05, compared to a net loss of CNY 9,708,778.43 in Q1 2023, indicating an improvement of 26.1%[14]. - In Q1 2024, the company reported a net loss of CNY 7,938,395, a significant improvement from a net loss of CNY 16,063,289 in Q1 2023, representing a 50.6% reduction in losses[15]. - Operating profit for Q1 2024 was CNY -7,993,509, compared to CNY -16,000,863 in the same period last year, indicating a 50.1% improvement[15]. - The company reported a basic and diluted earnings per share of CNY -0.02 in Q1 2024, an improvement from CNY -0.04 in Q1 2023[16]. - The company’s total comprehensive income for Q1 2024 was CNY -7,938,395, compared to CNY -16,063,289.96 in Q1 2023, reflecting a 50.6% improvement[16]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥26,804,161.21, indicating a significant cash outflow[4]. - The net cash flow from operating activities in Q1 2024 was CNY -26,804,161.21, worsening from CNY -17,355,182.82 in Q1 2023[17]. - The company incurred a total cash outflow of CNY 82,690,105.03 from financing activities in Q1 2024, compared to CNY 60,116,479.15 in Q1 2023, indicating a 37.5% increase in outflows[18]. - Investment activities resulted in a net cash outflow of CNY -23,310,732.46 in Q1 2024, compared to CNY -33,212,579.49 in Q1 2023, showing a 29.9% improvement[18]. - The company's cash and cash equivalents decreased by 33.25% due to increased production inputs and debt repayments[5]. - Cash and cash equivalents at the end of Q1 2024 stood at CNY 167,932,321.52, compared to CNY 129,219,317.23 at the end of Q1 2023, reflecting a 30% increase[18]. - The company's cash and cash equivalents decreased to CNY 168,391,648.10 from CNY 252,276,646.80, representing a decline of 33.3%[10]. Assets and Liabilities - Total assets at the end of the reporting period were ¥983,485,729.76, down 9.41% from the end of the previous year[4]. - Total assets decreased to CNY 983,485,729.76 from CNY 1,085,609,680.02, a decline of 9.4%[13]. - Total liabilities decreased to CNY 268,484,714.73 from CNY 356,539,676.90, a reduction of 24.7%[12]. - The company’s total equity decreased to CNY 715,001,015.03 from CNY 729,070,003.12, a decline of 1.9%[13]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 51,160[6]. - The largest shareholder, Li Songqiang, holds 38,000,000 shares, accounting for 8.66% of the total shares[8]. Operational Metrics - Total operating revenue for Q1 2024 was CNY 57,264,409.13, a decrease of 10.5% compared to CNY 63,617,592.19 in Q1 2023[14]. - Total operating costs for Q1 2024 were CNY 68,180,767.18, down from CNY 80,326,371.62 in Q1 2023, reflecting a reduction of 15.1%[14]. - Total revenue from sales and services received in Q1 2024 was CNY 86,569,026.85, up from CNY 79,195,401.20 in Q1 2023, marking a 9.3% increase[17]. - The company reported a decrease in management expenses to CNY 10,935,063.84 from CNY 13,672,472.71, a reduction of 20.1%[14]. - Inventory increased to CNY 261,800,850.80 from CNY 252,755,339.39, an increase of 3.9%[11]. Borrowings - Short-term borrowings decreased by 58.47% due to repayment of bank loans[5]. - Long-term borrowings increased by 915.23% as the company obtained new bank loans[5]. - Accounts receivable decreased by 37.60% as a result of recovering receivables[5]. - Accounts receivable decreased to CNY 59,372,278.57 from CNY 95,142,161.46, a reduction of 37.6%[10].