HHWW(SH:600172)2024-04-29 13:38Financial Performance - The company's operating revenue for Q1 2024 was ¥328,476,335.51, representing a decrease of 34.51% compared to the same period last year[5]. - The net profit attributable to shareholders was a loss of ¥105,861,600.54, with a basic and diluted earnings per share of -¥0.0760[5]. - Total revenue for Q1 2024 was ¥328,476,335.51, a decrease of 34.4% compared to ¥501,563,240.42 in Q1 2023[19]. - Net loss for Q1 2024 was ¥105,861,600.54, compared to a net loss of ¥15,833,518.31 in Q1 2023, indicating a significant increase in losses[20]. - In Q1 2024, the company reported a net loss attributable to shareholders of CNY -105,866,659.86, compared to a loss of CNY -15,795,243.86 in Q1 2023, indicating a significant decline in performance[21]. - Basic and diluted earnings per share for Q1 2024 were both CNY -0.0760, compared to CNY -0.0114 in the same period last year, reflecting a worsening financial position[21]. Cash Flow - The net cash flow from operating activities was ¥79,179,523.68, indicating a positive cash flow despite the loss in net profit[5]. - Cash inflows from operating activities totaled CNY 299,654,013.70 in Q1 2024, down 29.9% from CNY 427,181,901.36 in Q1 2023[24]. - The net cash flow from operating activities was CNY 79,179,523.68, an increase of 12.4% compared to CNY 70,432,925.25 in Q1 2023[24]. - Cash outflows for investing activities were CNY 20,734,422.24, significantly reduced from CNY 61,458,875.28 in Q1 2023, indicating a decrease in capital expenditures[24]. - The net cash flow from financing activities was CNY -45,378,570.72, a decline from a positive cash flow of CNY 111,773,150.87 in Q1 2023, suggesting tighter financing conditions[25]. - The company’s cash and cash equivalents at the end of Q1 2024 stood at CNY 318,239,873.95, down from CNY 474,406,737.09 at the end of Q1 2023, reflecting liquidity challenges[25]. Assets and Liabilities - Total assets at the end of the reporting period were ¥8,930,867,686.82, a decrease of 0.75% from the end of the previous year[6]. - Current liabilities totaled ¥5,993,310,093.15, slightly up from ¥5,963,872,542.43 at the end of 2023[16]. - The company's total assets decreased to ¥8,930,867,686.82 as of March 31, 2024, down from ¥8,998,406,685.49 at the end of 2023[15]. - Cash and cash equivalents decreased to ¥589,613,243.03 from ¥680,369,502.59, a decline of 13.4%[15]. - Accounts receivable increased to ¥810,567,903.12 from ¥834,801,482.23, showing a slight decrease of 2.9%[15]. - Inventory increased to ¥785,852,321.37 from ¥770,056,297.40, reflecting a growth of 2.3%[15]. - Long-term borrowings rose to ¥154,900,000.00 from ¥80,000,000.00, indicating a significant increase of 93.6%[16]. - The company's equity attributable to shareholders decreased to ¥2,387,521,400.73 from ¥2,493,388,060.59, a decline of 4.2%[16]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 94,088[10]. - The top ten shareholders included Xuchang State-owned Industrial Investment Co., holding 9.36% of shares, and Henan Huanghe Industry Group Co., holding 8.82%[10]. Non-Recurring Items - Non-recurring gains and losses amounted to ¥19,318,934.26, primarily due to government subsidies of ¥22,761,590.68[7]. - The decline in operating revenue was attributed to a decrease in sales prices of certain products compared to Q1 of the previous year[7]. - The company received CNY 243,180,991.47 from sales and services in Q1 2024, a decrease of 41.3% from CNY 414,836,315.48 in Q1 2023, indicating reduced revenue generation[23]. - The company reported a slight increase in tax refunds received, totaling CNY 2,153,118.43 in Q1 2024, compared to CNY 2,147,379.65 in Q1 2023[24].