HQHB(300929)2024-04-25 08:59Financial Performance - The company's revenue for Q1 2024 was ¥38,595,198.13, a decrease of 54.02% compared to ¥83,942,009.48 in the same period last year[5] - The net loss attributable to shareholders was ¥8,959,141.19, representing a decline of 302.15% from a profit of ¥4,431,858.81 in the previous year[5] - Basic and diluted earnings per share were both -¥0.07, down 333.33% from ¥0.03 in the same period last year[5] - Net profit for Q1 2024 was a loss of ¥9,663,450.81, compared to a profit of ¥4,367,354.42 in Q1 2023, indicating a significant decline in profitability[25] - The total comprehensive income for the first quarter was -9,663,450.81 CNY, compared to 4,367,354.42 CNY in the previous year[26] Cash Flow - The net cash flow from operating activities was -¥24,989,220.49, a decrease of 265.65% compared to -¥6,834,252.79 in Q1 2023[10] - Cash inflow from operating activities was 69,076,526.97 CNY, a decrease of 46.9% from 130,168,837.21 CNY in the previous year[27] - Cash outflow from operating activities totaled 94,065,747.46 CNY, down from 137,003,090.00 CNY last year[27] - Cash inflow from investment activities was 55,734,923.15 CNY, down from 128,071,374.05 CNY last year[29] - Net cash flow from investment activities was -6,137,995.12 CNY, compared to -45,905,313.37 CNY in the previous year[29] - Cash inflow from financing activities was 92,156,523.20 CNY, an increase from 46,761,951.00 CNY in the previous year[29] - Net cash flow from financing activities was 48,884,945.61 CNY, compared to -25,793,072.56 CNY last year[29] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,778,894,786.13, a slight decrease of 0.03% from ¥1,779,483,492.43 at the end of the previous year[5] - The company reported a significant increase in lease liabilities by 2738.56% to ¥784,184.42 due to new property leases[10] - The company’s total liabilities increased by 61.70% in contract liabilities, reaching ¥10,744,344.47 due to increased project prepayments[10] - Current liabilities decreased to ¥416,326,317.82 from ¥461,044,509.15, a reduction of approximately 9.7%[22] - Long-term borrowings increased to ¥472,189,800.03 from ¥425,160,000.04, indicating an increase of about 11%[22] Shareholder Information - The top 10 shareholders hold a total of 36,732,656 shares, with the largest shareholder, Ma'anshan An Gong Da Asset Management Co., Ltd., holding 18,632,328 shares, accounting for 50.7% of the total[17] - Shareholder Li Minghe holds 3,698,680 shares, representing 2.80% of the total shares[16] - The company has a total of 8,996,022 shares under lock-up agreements, which are subject to transfer restrictions during the tenure of executive positions[17] - The company has not disclosed any significant changes in the shareholding structure of the top 10 shareholders due to margin trading activities[16] - The company’s major shareholders include several individuals and a state-owned entity, indicating a diverse ownership structure[16] - The company has not reported any changes in the number of restricted shares during the reporting period[14] Business Developments - The company completed the business registration of its subsidiary Anhui Shuangong Zhilian Environmental Technology Co., Ltd. on January 3, 2024, and obtained the business license issued by Hefei Market Supervision Administration[18] - The company has established a significant presence in the environmental technology sector, as indicated by its recent business developments[18] - The company has not disclosed any new product launches or technological advancements in this quarter[16] Operating Costs and Expenses - Total operating costs for Q1 2024 were ¥48,208,410.97, down from ¥80,431,326.38 year-over-year, reflecting a reduction of 40%[24] - Research and development expenses increased by 103.81% to ¥2,370,938.06 from ¥1,163,291.89 in Q1 2023[10] - The company reported a significant credit impairment loss of ¥2,305,206.45 in Q1 2024, compared to a gain of ¥1,418,545.23 in the previous year[25] - Accounts receivable decreased slightly to ¥275,016,465.24 from ¥278,467,629.16, a reduction of approximately 1.6%[20] - Inventory increased to ¥62,863,331.15 from ¥56,360,717.89, marking an increase of about 11.8%[20] - Non-current assets totaled ¥1,091,259,258.05, up from ¥1,087,628,028.66, reflecting a slight increase of 0.3%[21]