Hylink(SH:603825)2024-04-29 12:41Financial Performance - The company's operating revenue for Q1 2024 was ¥628,423,171.84, representing a decrease of 67.38% compared to the same period last year[4]. - The net profit attributable to shareholders was -¥47,716,558.87, reflecting a decline of 1,558.90% year-over-year[4]. - The net cash flow from operating activities was -¥19,155,641.88, a decrease of 103.81% compared to the previous year[4]. - Basic and diluted earnings per share were both -¥0.19, indicating a decline of 2,000.00% year-over-year[4]. - Net profit for Q1 2024 was a loss of ¥49,550,353.15, compared to a profit of ¥814,640.56 in Q1 2023, representing a significant decline[17]. - Total comprehensive income for Q1 2024 was a loss of ¥47,153,703.56, compared to a gain of ¥3,161,766.69 in Q1 2023[18]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,941,451,940.36, down 4.99% from the end of the previous year[5]. - The total current liabilities decreased to CNY 2,047,438,115.19 from CNY 2,140,601,607.46, indicating a reduction of about 4.36%[15]. - The total liabilities decreased to CNY 2,219,448,682.15 from CNY 2,325,781,423.04, indicating a reduction of approximately 4.56%[15]. - The company reported a total non-current asset value of CNY 604,856,910.35, slightly down from CNY 612,885,027.49, reflecting a decrease of around 1.88%[14]. - The company’s inventory increased slightly to CNY 71,552,809.12 from CNY 71,471,652.62, showing a marginal increase of about 0.11%[14]. Shareholder Information - Shareholders' equity attributable to the parent company was ¥909,949,625.43, a decrease of 4.74% from the previous year-end[5]. - The total number of ordinary shareholders at the end of the reporting period was 42,374[10]. - The company has not reported any significant changes in shareholder participation in financing or securities lending activities during the reporting period[12]. Cash Flow and Financing Activities - The company reported a net cash outflow from operating activities of ¥19,155,641.88 in Q1 2024, compared to a net inflow of ¥503,204,929.05 in Q1 2023[22]. - Cash received from sales and services in Q1 2024 was ¥918,938,328.02, down 64.0% from ¥2,550,584,910.69 in Q1 2023[21]. - Cash outflow for purchasing goods and services in Q1 2024 was ¥827,691,813.94, a decrease of 54.7% from ¥1,827,375,611.66 in Q1 2023[22]. - The company obtained loans amounting to ¥77,520,572.72 in Q1 2024, compared to ¥50,000,000.00 in Q1 2023, indicating increased financing activity[22]. - Cash flow from financing activities totaled $97,021,427.65, a decrease from $614,392,627.90 in the previous period[23]. - Net cash flow from financing activities was -$19,500,854.93, compared to -$564,392,627.90 last year[23]. - The net increase in cash and cash equivalents was -$37,000,174.02, down from -$54,984,033.60 in the prior year[23]. - The ending balance of cash and cash equivalents was $183,111,488.45, compared to $241,909,368.17 at the end of the previous period[23]. Market Conditions and Operational Challenges - The decline in revenue was attributed to a significant reduction in client budgets due to adverse market conditions[8]. - There were no new strategies or significant developments in product or technology research mentioned in the report[12].