HYC(000586)2023-04-26 16:00Financial Performance - The company's revenue for Q1 2023 was CNY 103,317,071.67, representing a 36.87% increase compared to CNY 75,488,112.64 in the same period last year[5] - Net profit attributable to shareholders was CNY 5,076,775.73, up 32.63% from CNY 3,827,664.28 year-on-year[5] - The net profit after deducting non-recurring gains and losses increased by 54.75% to CNY 4,894,317.37 from CNY 3,162,680.04 in the previous year[5] - Basic and diluted earnings per share increased by 30.00% to CNY 0.026 from CNY 0.020 year-on-year[5] - The total operating revenue for Q1 2023 was CNY 103,317,071.67, an increase of 36.9% compared to CNY 75,488,112.64 in the same period last year[23] - The total operating costs for Q1 2023 were CNY 98,044,269.02, up from CNY 73,200,927.67, reflecting a year-over-year increase of 34.0%[23] - The operating profit for Q1 2023 was CNY 5,820,392.19, compared to CNY 4,620,473.75 in Q1 2022, representing a growth of 25.9%[23] - The total profit for Q1 2023 was CNY 5,731,364.05, an increase of 32.4% compared to CNY 4,331,335.14 in Q1 2022[25] - The net profit attributable to the parent company for Q1 2023 was CNY 42,373,197.80, compared to CNY 37,296,422.07 in Q1 2022, an increase of 13.5%[22] - The net profit attributable to the parent company was CNY 5,076,775.73, up 32.5% from CNY 3,827,664.28 in the same period last year[25] - The company reported a total comprehensive income of CNY 5,342,538.76 for Q1 2023, an increase of 25.5% from CNY 4,255,157.71 in Q1 2022[25] Cash Flow and Assets - The company's cash flow from operating activities showed a significant decline, with a net outflow of CNY 9,755,261.32, compared to an outflow of CNY 1,959,986.31 in the same period last year, marking a -397.72% change[5] - Cash and cash equivalents at the end of Q1 2023 were CNY 57,307,987.95, down from CNY 78,555,880.59 at the beginning of the year, a decrease of 27.0%[21] - The cash and cash equivalents at the end of Q1 2023 were CNY 57,107,368.91, down from CNY 68,275,994.33 at the end of Q1 2022[28] - The company incurred cash outflows of CNY 118,308,679.80 from operating activities, compared to CNY 111,004,321.73 in the previous year[26] - Investment activities resulted in a net cash outflow of CNY -1,196,988.93, compared to CNY -2,252,258.68 in Q1 2022[28] - The net cash flow from financing activities was CNY -10,278,352.78, compared to CNY -266,426.39 in Q1 2022, indicating increased cash outflows[28] - Total assets at the end of the reporting period were CNY 552,729,280.40, a decrease of 0.99% from CNY 558,229,855.11 at the end of the previous year[5] - The total assets as of March 31, 2023, were CNY 552,729,280.40, down from CNY 558,229,855.11 at the beginning of the year, a decrease of 1.0%[22] - The total liabilities decreased to CNY 227,022,721.53 from CNY 237,865,835.00, a reduction of 4.6%[22] Shareholder Information - Total number of common shareholders at the end of the reporting period is 21,976[11] - The largest shareholder, Guangzhou Huifu Qiji Investment Partnership, holds 20.68% of shares, totaling 40,000,000 shares, which are frozen[11] - Beijing Dingyun Technology Development Co., Ltd. holds 14.10% of shares, totaling 27,273,330 shares[11] - The top ten shareholders collectively hold significant stakes, with the smallest holding being 0.52% by Jiang Cheng, totaling 1,014,600 shares[11] - The company has not disclosed any relationships or agreements among the top shareholders[12] Legal and Regulatory Issues - The company has faced legal issues regarding the freezing of shares held by its controlling shareholder, affecting 40 million shares[16] - The controlling shareholder's assets have been subject to multiple court orders for freezing and seizure[16] - The company is monitoring the liquidation process of a wealth management plan associated with its controlling shareholder[17] - The company has not received updates on the legal matters concerning the freezing of shares as of the report date[17] - The company is in the process of a non-public offering of A-shares, pending shareholder approval[13] Expenses - The company reported a 61.91% increase in selling expenses, amounting to CNY 14,720,459.92, compared to CNY 9,091,959.92 in the previous year[9] - The company experienced a 410.42% increase in income tax expenses, totaling CNY 388,825.29, compared to CNY 76,177.43 in the same period last year[9]