HCNC(300161)2024-04-25 10:56Financial Performance - The company's revenue for Q1 2024 was CNY 243.27 million, a decrease of 31.96% compared to CNY 357.54 million in the same period last year[4]. - The net loss attributable to shareholders for Q1 2024 was CNY 68.70 million, representing a 78.24% increase in loss from CNY 38.55 million in the previous year[4]. - The total operating revenue for Q1 2024 was CNY 243,269,192.82, a decrease of 31.9% compared to CNY 357,541,015.75 in the same period last year[20]. - The net loss for Q1 2024 was CNY 81,507,195.64, compared to a net loss of CNY 47,774,393.81 in Q1 2023, representing a 70.7% increase in losses[21]. - The gross profit margin for Q1 2024 was approximately -34.5%, compared to -13.7% in the same quarter last year[21]. Cash Flow - The cash flow from operating activities for Q1 2024 was a net outflow of CNY 83.51 million, a significant decrease of 4,578.44% compared to a net inflow of CNY 1.86 million in the same period last year[4]. - The net cash flow from operating activities was -83,506,106.31, a significant decline from 1,864,626.71 in the previous period, indicating a negative cash flow trend[23]. - Cash inflow from operating activities totaled 392,359,015.92, down 26.2% from 531,311,712.23 in the prior period[23]. - Cash outflow from operating activities was 475,865,122.23, a decrease of 10.1% compared to 529,447,085.52 in the previous period[23]. - Cash flow from investing activities showed a net outflow of -113,500,741.97, worsening from -82,194,401.92 in the last period[23]. - Total cash inflow from financing activities was 316,540,157.25, down 21.3% from 402,542,464.17 in the previous period[24]. - The net cash flow from financing activities was 80,931,880.35, a decrease of 49.0% compared to 158,822,830.88 in the prior period[24]. - The ending cash and cash equivalents balance was 577,119,699.30, a slight decrease from 599,522,697.14 in the previous period[24]. - Cash received from the sale of fixed assets was 9,400.00, significantly lower than 623,360.00 in the last period[23]. - The company invested 109,510,141.97 in fixed assets, an increase of 31.0% from 83,571,989.57 in the previous period[23]. - The company received 11,410,500.50 in tax refunds, a substantial increase from 2,486,889.37 in the previous period[23]. Assets and Liabilities - Total assets at the end of Q1 2024 were CNY 4.71 billion, an increase of 6.60% from CNY 4.42 billion at the end of the previous year[4]. - The total current assets decreased from CNY 3,017,640,092.00 at the beginning of the period to CNY 2,933,866,133.26 at the end of the period, reflecting a decline of approximately 2.78%[17]. - Cash and cash equivalents decreased from CNY 693,194,667.23 to CNY 577,119,699.30, a reduction of about 16.74%[17]. - Accounts receivable decreased from CNY 922,541,642.71 to CNY 867,999,217.58, representing a decline of approximately 5.91%[17]. - Inventory increased significantly from CNY 900,780,640.48 to CNY 1,061,509,355.13, marking an increase of about 17.87%[17]. - Non-current assets increased from CNY 1,267,000,000.00 to CNY 1,308,000,000.00, indicating a growth of approximately 3.24%[17]. - The total liabilities decreased from CNY 1,500,000,000.00 to CNY 1,450,000,000.00, a reduction of about 3.33%[17]. - The total liabilities rose to CNY 2,926,054,259.32, an increase of 15% from CNY 2,544,659,179.25 in the previous year[19]. - The equity attributable to shareholders of the parent company decreased to CNY 1,588,669,707.07, down 4.3% from CNY 1,660,679,900.93 year-over-year[19]. Segment Performance - The CNC system and machine tool segment achieved sales revenue of CNY 163.02 million, an increase of 42.15% year-on-year[5]. - The industrial robots and smart production line segment reported sales revenue of CNY 64.88 million, a decrease of 70.95% year-on-year, with a backlog of orders amounting to CNY 853 million[5]. - The new energy vehicle supporting segment generated sales revenue of CNY 8.84 million, an increase of 21.00% compared to the same period last year[5]. Research and Development - The company reported a significant increase in development expenditures from CNY 94,929,686.55 to CNY 123,629,430.40, an increase of approximately 30.29%[17]. - Research and development expenses for Q1 2024 were CNY 81,524,773.91, slightly down from CNY 82,510,555.03 in the same period last year[20]. - The company plans to release new products and technologies in the upcoming quarters to enhance market competitiveness[14]. Shareholder Information - The controlling shareholder, ZL Intelligent Manufacturing Group, pledged 2 million shares, representing 28.73% of their total holdings[15].