HAIDA(300320)2024-04-26 08:55Financial Performance - The company's revenue for Q1 2024 was ¥662,144,407.58, representing a 19.69% increase compared to ¥553,196,087.63 in the same period last year[4] - Net profit attributable to shareholders was ¥40,405,667.39, up 23.43% from ¥32,736,734.59 year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥39,817,765.88, reflecting a 25.90% increase from ¥31,627,706.04 in the previous year[4] - Basic and diluted earnings per share were both ¥0.0672, an increase of 23.53% from ¥0.0544 in the previous year[4] - Total operating revenue for Q1 2024 was CNY 662,144,407.58, an increase of 19.8% compared to CNY 553,196,087.63 in Q1 2023[18] - Net profit for Q1 2024 reached CNY 42,267,905.78, representing a 28.0% increase from CNY 33,031,927.08 in Q1 2023[19] - Earnings per share for Q1 2024 were CNY 0.0672, compared to CNY 0.0544 in Q1 2023, reflecting a growth of 23.1%[19] Cash Flow and Liquidity - The net cash flow from operating activities decreased by 66.00%, amounting to ¥21,441,661.15 compared to ¥63,070,302.10 in the same period last year[4] - The company's cash flow statement for Q1 2024 indicates a focus on improving liquidity and managing operational cash flows effectively[20] - Cash inflow from operating activities totaled 511,142,098.02 in the previous period[21] - Net cash outflow from investing activities was -35,323,878.68 in the previous period[21] - Cash inflow from financing activities was 35,000,000.00 in the previous period[22] - Net cash flow from financing activities increased to 3,289,679.86 in the previous period[22] - The net increase in cash and cash equivalents was -24,386,161.62 in the previous period[22] - The ending balance of cash and cash equivalents was 163,690,255.35 in the previous period[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,475,140,633.75, a decrease of 3.45% from ¥3,599,135,609.28 at the end of the previous year[4] - Total liabilities decreased to CNY 1,209,111,537.03 in Q1 2024 from CNY 1,375,373,096.34 in Q1 2023, indicating a reduction of 12.1%[16] - The total current assets decreased from 2,499,344,316.64 RMB to 2,375,005,476.82 RMB, a decline of about 5%[14] - Accounts receivable decreased from 1,405,301,973.53 RMB to 1,317,202,062.45 RMB, a reduction of about 6.3%[14] - Inventory slightly decreased from 488,168,010.10 RMB to 484,805,174.24 RMB, a decrease of approximately 0.7%[14] - The company reported a decrease in accounts payable to CNY 629,331,905.21 from CNY 719,227,549.90 year-over-year, reflecting improved supplier payment terms[18] Expenses - Research and development expenses increased by 61.41% to ¥28,851,360.25 from ¥17,874,588.59 year-on-year[7] - Sales expenses rose by 49.72% to ¥20,429,747.13 compared to ¥13,645,245.87 in the same period last year[7] - Total operating costs for Q1 2024 were CNY 618,510,653.29, up 17.8% from CNY 525,027,311.43 in the same period last year[18] - Cash paid to employees increased to 102,931,238.25 in the previous period, reflecting a growth of 24.9%[21] Shareholder Information - The total number of common shareholders at the end of the reporting period is 21,633[10] - The largest shareholder, Qian Zhenyu, holds 11.69% of the shares, totaling 70,281,118 shares[10] - The company has a total of 111,143,416 shares under lock-up agreements, with specific release conditions for major shareholders[12] Government Subsidies and Future Plans - The company recorded a government subsidy of ¥1,035,916.46, which is expected to have a continuous impact on its profits[5] - The company has plans for future product development and market expansion, although specific details were not disclosed in the report[11]