HFM(SH:603011)2024-04-29 10:35Financial Performance - The company's operating revenue for Q1 2024 was CNY 317,073,767.84, representing a year-on-year increase of 7.95%[5] - The net profit attributable to shareholders decreased by 71.61% to CNY 5,456,572.34, primarily due to intensified market competition and a decline in product gross margins[9] - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 66.95% to CNY 3,964,530.90[5] - The basic and diluted earnings per share both decreased by 75.00% to CNY 0.01[5] - The weighted average return on equity decreased by 0.63 percentage points to 0.25%[6] - The net profit for Q1 2024 is CNY 5,416,033.81, a decrease of 71.8% compared to CNY 19,192,849.24 in Q1 2023[19] - The total profit for Q1 2024 is CNY 10,765,828.73, down from CNY 21,437,535.60 in the same period last year, representing a decline of 49.8%[19] - The operating profit for Q1 2024 is CNY 11,129,453.25, compared to CNY 21,415,444.16 in Q1 2023, indicating a decrease of 48.0%[19] - The total comprehensive income for Q1 2024 is CNY 5,416,033.81, down from CNY 19,192,849.24 in Q1 2023, reflecting a decrease of 71.8%[20] - Basic and diluted earnings per share for Q1 2024 are both CNY 0.01, compared to CNY 0.04 in Q1 2023[20] Cash Flow and Assets - The net cash flow from operating activities was negative at CNY -74,682,136.58, an increase in outflow of 20.57% compared to the previous year[5] - The cash flow from operating activities for Q1 2024 is a net outflow of CNY 74,682,136.58, an improvement from a net outflow of CNY 94,019,379.53 in Q1 2023[22] - The cash flow from investing activities for Q1 2024 shows a net inflow of CNY 1,904,441.91, compared to a net outflow of CNY 359,258,229.62 in Q1 2023[22] - The cash flow from financing activities for Q1 2024 is a net outflow of CNY 100,699,441.29, contrasting with a net inflow of CNY 43,865,330.93 in Q1 2023[22] - Cash and cash equivalents decreased to ¥508,444,165.35 from ¥690,100,322.32, a decline of 26.3%[14] - The cash and cash equivalents at the end of Q1 2024 amount to CNY 408,970,678.75, a significant increase from CNY 145,923,195.29 at the end of Q1 2023[22] - Total assets at the end of the reporting period were CNY 4,135,084,739.83, down 4.25% from the end of the previous year[6] - Total assets decreased to ¥4,135,084,739.83 from ¥4,318,653,373.33, a reduction of 4.2%[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 58,223[11] - The largest shareholder, Yan Jianwen, holds 30.02% of the shares, totaling 148,438,422 shares[12] Market and Operational Insights - The company is focusing on expanding its market presence and enhancing product development strategies[18] - Total operating costs for Q1 2024 were ¥312,515,232.48, up from ¥288,317,874.43 in Q1 2023, reflecting a rise of 8.4%[18] - Gross profit margin for Q1 2024 was approximately 1.8%, down from the previous year's margin[18] - Net profit for Q1 2024 was not explicitly stated but indicated a challenging financial environment due to increased costs[18] - Accounts receivable increased to ¥766,488,484.27 from ¥803,352,132.01, indicating a decrease of 4.6%[14] - Inventory levels rose to ¥1,227,513,282.31, compared to ¥1,155,817,562.47, an increase of 6.2%[14] - Total liabilities decreased to ¥1,907,764,495.65 from ¥2,098,746,724.83, a decline of 9.1%[16]