HENGFENG INFO(300605)2024-04-26 17:31Financial Performance - The company's operating revenue for Q1 2024 was ¥65,749,395.16, a decrease of 38.18% compared to ¥106,361,879.61 in the same period last year[5]. - The net profit attributable to shareholders was -¥5,604,549.10, representing a decline of 233.65% from ¥4,193,594.61 in the previous year[5]. - The basic earnings per share decreased by 233.33% to -¥0.034 from ¥0.0255 in the previous year[5]. - Net profit for Q1 2024 was a loss of CNY 6,221,405.41, compared to a profit of CNY 4,683,569.45 in Q1 2023[21]. - The total comprehensive income attributable to the parent company was -5,604,549.10 CNY, compared to 4,193,594.61 CNY in the previous period[22]. Cash Flow and Liquidity - The net cash flow from operating activities improved by 62.60%, reaching -¥37,001,060.98, compared to -¥98,945,749.53 in the same period last year[5]. - Cash inflow from investment activities totaled 123,964,005.68 CNY, compared to 0.00 CNY in the previous period[25]. - Net cash flow from investment activities was 65,013,740.04 CNY, recovering from -56,181,064.02 CNY in the previous period[25]. - Cash flow from financing activities resulted in a net outflow of -28,196,883.81 CNY, compared to a net inflow of 204,653,665.29 CNY in the previous period[25]. - The ending balance of cash and cash equivalents was 118,318,908.19 CNY, down from 142,859,877.28 CNY in the previous period[25]. - The company reported a total cash inflow from operating activities of 78,297,189.73 CNY, slightly up from 78,023,301.99 CNY in the previous period[23]. - The company incurred cash outflows for purchasing goods and services amounting to 74,293,190.51 CNY, down from 126,833,974.89 CNY in the previous period[23]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,317,568,896.59, down 4.81% from ¥1,384,183,936.19 at the end of the previous year[5]. - Total liabilities decreased to CNY 738,187,213.38, down 7.6% from CNY 798,623,698.49 year-over-year[18]. - Long-term receivables decreased to CNY 39,001,041.85 from CNY 49,658,477.99, a decline of 21.6%[18]. - The total equity attributable to shareholders decreased to CNY 577,410,948.44 from CNY 582,675,796.79, a decline of 0.5%[18]. Shareholder Information - The company had 15,576 common shareholders at the end of the reporting period[10]. - The largest shareholder, Wei Xiaoxi, holds 29.46% of the shares, with 21,160,000 shares pledged[10]. - The total number of shares held by the top 10 unrestricted shareholders includes 12,112,687 shares held by Wei Xiaoxi, the largest shareholder[11]. - The total number of restricted shares increased by 1,001,517 shares during the period, bringing the total restricted shares to 51,571,526[14]. - The company reported no changes in the relationships or concerted actions among the top 10 shareholders during the reporting period[11]. - The company has not received any notifications regarding changes in the lending or borrowing of shares among the top shareholders[11]. Operational Costs and Expenses - Total operating costs for Q1 2024 were CNY 68,675,296.27, down 30.0% from CNY 97,987,837.68 year-over-year[20]. - Research and development expenses increased to CNY 8,298,808.72, up 53.5% from CNY 5,418,233.51 in the previous year[20]. - The company reported a significant increase in development expenditures to CNY 74,849,877.04, up 12.5% from CNY 66,326,794.70[18]. Other Information - The company received government subsidies amounting to ¥919,948.85 during the reporting period[6]. - The company's cash and cash equivalents were not explicitly stated, indicating a potential area for further analysis[19]. - The company’s financial report indicates no significant new strategies or product developments mentioned in the current quarter[15]. - The company has not undergone an audit for the first quarter report[26].