HAC(SH:600202)2024-04-29 10:28Financial Performance - The company's operating revenue for Q1 2024 was CNY 265,332,820.94, representing a year-on-year increase of 2.79%[5] - The net profit attributable to shareholders decreased by 9.34% to CNY 6,177,520.21 compared to the same period last year[5] - The net profit after deducting non-recurring gains and losses saw a significant decline of 238.74%, resulting in a loss of CNY 5,360,549.71[5] - Basic and diluted earnings per share were both CNY 0.0161, reflecting a decrease of 9.55%[5] - The weighted average return on equity was 0.74%, a decrease of 0.10 percentage points[5] - Total operating costs increased to CNY 272,408,305.59 from CNY 255,445,818.29, representing a growth of approximately 6.3% year-over-year[26] - Net profit for the first quarter of 2024 was CNY 6,381,371.90, up from CNY 6,005,827.34 in the same period last year, indicating an increase of about 6.2%[28] - Total comprehensive income for the first quarter was CNY 6,228,812.89, compared to CNY 6,055,832.22 in the prior year, showing an increase of approximately 2.9%[28] Cash Flow and Liquidity - The net cash flow from operating activities dropped by 70.32% to CNY 22,180,502.04, primarily due to a decrease in returned deposits[11] - Cash and cash equivalents as of March 31, 2024, amounted to ¥438,469,680.52, up from ¥306,415,315.16 at the end of 2023, indicating a significant increase of 43%[18] - Cash flow from operating activities generated a net amount of CNY 22,180,502.04, a decrease of about 70.4% compared to CNY 74,742,084.57 in the previous year[32] - The company's cash and cash equivalents at the end of Q1 2024 totaled CNY 258,109,529.93, a substantial increase from CNY 74,353,695.52 at the end of Q1 2023[45] - The net cash flow from financing activities was CNY 122,734,126.18 in Q1 2024, compared to a net outflow of CNY 64,976,574.71 in Q1 2023[45] Assets and Liabilities - Total assets increased by 5.02% to CNY 3,084,305,799.15 compared to the end of the previous year[7] - Total liabilities rose to ¥2,220,244,447.79 from ¥2,078,966,357.33, marking an increase of approximately 6.8%[22] - Non-current liabilities increased to ¥587,383,657.59 from ¥376,840,910.47, representing a significant rise of about 55.7%[22] - The total liabilities increased to CNY 1,935,636,986.81 from CNY 1,815,944,088.08, marking an increase of approximately 6.6%[39] Shareholder Information - The company reported a total of 28,308 common shareholders at the end of the reporting period[14] - The equity attributable to shareholders rose slightly by 0.73% to CNY 836,678,494.03[7] - The company's equity attributable to shareholders increased to ¥836,678,494.03 from ¥830,654,091.33, a marginal increase of about 0.7%[22] Research and Development - Research and development expenses rose to CNY 10,570,634.18 from CNY 6,577,939.67, reflecting a significant increase of approximately 60.5% year-over-year[26] - Research and development expenses rose to CNY 5,906,451.24 in Q1 2024, up from CNY 3,981,977.54 in Q1 2023, indicating a growth of about 48.3%[40] Market and Operational Insights - The company has not indicated any new product launches or significant market expansion strategies during this reporting period[19] - The company experienced a negative impact of CNY 2,718.65 from exchange rate fluctuations in Q1 2024, compared to a negative impact of CNY 257,652.62 in Q1 2023[45]