Financial Performance - The company's operating revenue for Q3 2023 was ¥116,714,207.16, representing a 7.61% increase year-over-year, while the year-to-date revenue decreased by 9.56% to ¥316,739,000.08[5] - Net profit attributable to shareholders for Q3 2023 was ¥9,402,114.98, a decrease of 43.91% compared to the same period last year, with a year-to-date net profit of ¥29,607,765.97, down 30.33%[5] - The basic earnings per share for Q3 2023 was ¥0.08, down 57.89% year-over-year, and the diluted earnings per share was also ¥0.08, reflecting the same percentage decrease[5] - Total operating revenue for the third quarter was ¥316,739,000.08, a decrease of 9.55% compared to ¥350,235,173.10 in the same period last year[21] - Net profit attributable to shareholders was ¥29,607,765.97, down 30.34% from ¥42,498,440.74 in the previous year[22] - Earnings per share decreased to ¥0.25 from ¥0.47, representing a decline of 46.81%[22] Cash Flow and Assets - The net cash flow from operating activities for Q3 2023 was ¥23,625,761.35, a significant decline of 49.11% compared to the previous year[10] - Cash flow from operating activities was ¥23,625,761.35, down 49.3% from ¥46,429,006.90 in the previous year[23] - Cash inflow from investment activities was ¥809,785.77, significantly lower than ¥148,939,548.62 in the same period last year[23] - Cash outflow for investment activities totaled ¥144,668,267.39, compared to ¥243,008,076.07 in the previous year, indicating a decrease of 40.5%[23] - The net increase in cash and cash equivalents was -¥253,967,870.13, compared to -¥382,944.49 in the previous period[24] - The ending balance of cash and cash equivalents was ¥353,527,870.11, down from ¥607,495,740.24 at the beginning of the period[24] Assets and Liabilities - Total assets at the end of Q3 2023 were ¥1,201,819,198.03, a decrease of 5.70% from the end of the previous year[5] - Current assets decreased to ¥686,792,061.85 from ¥842,786,545.25 at the start of the year, primarily due to a reduction in cash and cash equivalents[18] - Total liabilities decreased to ¥225,947,218.89 from ¥313,157,138.03, a reduction of approximately 27.8%[19] - Non-current assets increased to ¥515,027,136.18 from ¥431,647,305.95, showing a growth of approximately 19.3%[19] - The company's equity increased to ¥976,871,979.14 from ¥961,276,713.17, reflecting a growth of about 1.6%[19] Shareholder Information - The total number of common shareholders at the end of the reporting period is 17.633 million[12] - The largest shareholder, Taizhou Huangyan Fengli Electric Control Equipment Co., Ltd., holds 36.97% of shares, totaling 44,404,200 shares[12] - The second-largest shareholder, Shanghai Guoyu Asset Management Co., Ltd., holds 7.12% of shares, totaling 8,550,000 shares[12] - The third-largest shareholder, Ningbo Meishan Bonded Port Area Yongcheng Yufeng Investment Management Partnership, holds 6.21% of shares, totaling 7,460,550 shares[12] - The company has a total of 10 major shareholders, with the top three holding a combined 50.3% of shares[12] - The report indicates that there are no preferred shareholders as of the reporting period[14] Management and Strategy - The report highlights that the company is actively involved in market expansion and new product development strategies[13] - The management team includes individuals closely related to major shareholders, indicating potential influence on company decisions[13] - The company has a significant number of shares under lock-up agreements, with specific release dates yet to be determined[15] Other Financial Metrics - The company reported a significant increase in management expenses to ¥21,430,297.69 from ¥13,274,536.48, marking a rise of 61.5%[21] - The company received government subsidies amounting to ¥810,902.42 during the reporting period, contributing to its non-operating income[6] - The company has not undergone an audit for the Q3 report[25]

证券代码:301368 证券简称：丰立智能 浙江丰立智能科技股份有限公司 投资者关系活动记录表 编号：2023-012 特定对象调研 □分析师会议 投资者关系活动类 □媒体采访 □业绩说明会 别 □新闻发布会 □路演活动 现场参观 □其他（电话会议） 中信建投证券（胡颖）、长江证券（刘晓舟）、太平洋证券（温 活动参与人员 晓） 时间 2023年10月17日 地点 浙江丰立智能科技股份有限公司 上市公司接待人员 副总经理、董事会秘书于玲娟女士 形式 现场交流 一、公司简要介绍 二、投资者关注的主要问题及回复 Q：电动工具今年的市场需求 A：根据Statista数据，预计到2025年，全球电动工具市场 规模将达到360亿美元左右。随着世界经济的发展，电动工具整 机及零部件制造商面临广阔的市场空间。 我国电动工具产业不断承接国际分工转移，已成为世界电动 工具主要的制造基地，是世界电动工具生产大国和出口大国，世 界知名工具企业博世集团、史丹利百得、牧田等纷纷在中国设厂。 随着电动工具从工业等专业应用领域逐步向民生领域的发展，越 来越多的家庭消费者倾向于DIY完成小型任务，无绳化、便捷性、 交流内容及具体问 ...

证券代码:301368 证券简称:丰立智能 浙江丰立智能科技股份有限公司投资者关系活动记录表 编号:2023-011 | --- | --- | |----------------|-------------------------------------------| | 投资者关系活动 | □特定对象调研□分析师会议 | | 类别 | □媒体采访√业绩说明会 | | | □新闻发布会□路演活动 | | | □现场参观 | | | □其他(请文字说明其他活动内容) | | 参与单位名称及 | 投资者网上提问 | | 人员姓名 | | | 时间 | 2023 年 9 月 15 日 (周五) 下午15:00~16:30 | 地点 公司通过全景网"投资者关系互动平台"(https://ir.p5w.net) 采用网络远程的方式召开业绩说明会 上市公司接待人 员姓名 1、丰立智能 董事长、总经理王友利 2、丰立智能 董事、副总经理、董事会秘书、财务负责人于玲娟 投资者提出的问题及公司回复情况 公司就投资者在本次说明会中提出的问题进行了回复: 1、公司在手订单、产能利用率情况如何? 答:尊敬的投资者您好,公司在手订单 ...

证券代码:301368 证券简称:丰立智能 浙江丰立智能科技股份有限公司 投资者关系活动记录表 编号:2023-010 | --- | --- | --- | |------------------|---------------------------------------------|----------------| | | □特定对象调研 | □分析师会议 | | 投资者关系活动类 | □媒体采访 | □业绩说明会 | | 别 | □新闻发布会 | □路演活动 | | | 现场参观 | | | | 其他(电话会议) | | | | 趣时资产(施桐)、国泰君安(王楠璃)、Parantoux | Capital(Gloria | Lu)、中信建投(刘岚)、中信证券(李鹞)、华夏基金(陈斌)、 上海留仁资产(王倩云)、群益投信(洪玉婷)、沣沛投资(孙 冠球)、鹤禧投资(李峥嵘)、清淙投资(曹紫涛)、蓝藤资本 (Gloria Lu)、领骥资本(方力)、西安瀑布资产(孙左君)、 深圳前海分公司(唐梦香)、国信证券(康睿强)、深圳市红方 资产(谢登科)、中信证金(陈睿)、招商信诺资产(刘延波)、 新活力资本(王 ...

Financial Performance - Revenue for the reporting period was RMB 2.00 billion, a decrease of 17.27% compared to the same period last year[23] - Net profit attributable to shareholders of the listed company was RMB 20.21 million, a decrease of 21.48% year-on-year[23] - Net cash flow from operating activities was RMB 10.58 million, a decrease of 39.41% compared to the same period last year[23] - Basic earnings per share were RMB 0.17, a decrease of 41.38% year-on-year[23] - Net profit for the period was 20,205,650.99, down from 25,734,441.29 in the previous period, a decrease of approximately 21.48%[34] - Operating profit was 20,436,883.11, down from 27,096,532.70, a decrease of approximately 24.58%[34] - Revenue for the first half of 2023 decreased to 200,024,792.92 yuan, down 17.3% compared to 241,777,077.30 yuan in the same period last year[35] - Comprehensive income for the first half of 2023 was 20,170,458.81 yuan, down 21.4% from 25,677,371.24 yuan in the same period last year[36] - Basic and diluted earnings per share for the first half of 2023 were both 0.17 yuan, down from 0.29 yuan in the same period last year[36] - Total revenue for the period was 200,024,792.92 yuan, with gear products contributing 93,880,090.18 yuan, accounting for 46.9% of total revenue[194] - Domestic sales accounted for 112,716,731.52 yuan, representing 56.4% of total revenue, while overseas sales were 87,308,061.40 yuan, making up 43.6%[194] Cash Flow and Liquidity - Net cash flow from investment activities for the first half of 2023 was -81,022,331.92 yuan, compared to -51,316,558.39 yuan in the same period last year[38] - Net cash flow from financing activities for the first half of 2023 was -135,366,885.63 yuan, compared to 38,756,659.81 yuan in the same period last year[38] - Cash and cash equivalents at the end of the first half of 2023 were 401,791,649.56 yuan, down from 607,474,722.87 yuan at the beginning of the period[38] - Cash and cash equivalents decreased from 629,962,021.17 to 423,950,814.97, a reduction of approximately 32.70%[30] Assets and Liabilities - Total assets at the end of the reporting period were RMB 1.16 billion, a decrease of 8.95% compared to the end of the previous year[23] - Total assets decreased from 1,274,433,851.20 to 1,160,312,157.89, a reduction of approximately 8.96%[31] - Total liabilities decreased from 313,157,138.03 to 193,842,293.73, a reduction of approximately 38.10%[31] - Total equity increased slightly from 961,276,713.17 to 966,469,864.16, an increase of approximately 0.54%[31] - The company's total equity attributable to shareholders of the listed company was RMB 966.47 million, an increase of 0.54% compared to the end of the previous year[23] - Accounts receivable increased from 100,182,551.73 to 140,972,371.39, an increase of approximately 40.72%[30] - Accounts payable increased from 109,115,269.97 to 123,832,054.95, with goods payable increasing from 70,550,731.25 to 92,020,469.32 and project equipment payable decreasing from 38,564,538.72 to 31,811,585.63[170] - Prepaid accounts receivable over 1 year amounted to 1,713,132.59 yuan, a decrease of 28.5% compared to the beginning of the period[176] Research and Development - Research and development expenses were 7,696,360.17, slightly down from 8,076,129.77 in the previous period[34] Sales and Marketing - Sales expenses increased from 1,349,184.45 to 2,157,573.15, an increase of approximately 59.92%[34] Other Income and Expenses - Other income increased from 2,085,290.07 to 5,499,042.97, an increase of approximately 163.68%[34] - Total financial expenses for the period were 7,696,360.17 yuan, a decrease of 4.7% compared to the previous period[195] Equity and Share Capital - The company's registered capital increased from RMB 90 million to RMB 120.10 million, and the total number of shares increased from 90 million to 120.10 million[22] - The company's initial balance for the period was 120,100,000.00 in share capital and 664,641,729.97 in capital reserve[41] - The company's equity at the beginning of the period was 961,549,098.46, with a significant portion attributed to undistributed profits of 151,841,846.19[41] - The company's equity at the end of the period increased by 25,677,371.24 due to comprehensive income[42] Taxation - The company's main tax types include VAT at rates of 9% and 13%, urban maintenance and construction tax at 5%, and corporate income tax at 15% and 20%[51] - The company's income tax rates are 15% for the parent company and 20% for its subsidiaries, Zhejiang Zhonghao Intelligent Technology Co., Ltd. and Zhejiang Fengxi Technology Co., Ltd.[59] - Corporate income tax payable at the end of the period was 1,465,084.27 yuan[181] - Total taxes payable at the end of the period were 3,003,382.07 yuan, an increase of 54.5% compared to the beginning of the period[181] Environmental and Safety Measures - The company's safety measures include monthly fire equipment inspections, daily workshop patrols, and at least two fire drills annually[118] - The company reported no major environmental safety issues and maintained good environmental sustainability practices[121] - The company implemented environmental protection measures, including waste gas treatment and dust removal systems, with emissions through 15m high exhaust pipes[147][148] - The company's wastewater treatment results at Gaoyang plant: pH daily average 7.2-7.3 (required 6-9), COD 169mg/L (≤500mg/L), SS 33mg/L (≤400mg/L), ammonia nitrogen 3.44mg/L (≤35mg/L), anionic surfactant 1.14mg/L (≤20mg/L), total phosphorus 1.6mg/L (≤8mg/L), petroleum 0.71mg/L (≤20mg/L)[150] - Gaoyang plant's unorganized exhaust monitoring results: TSP 187-542μg/m³ (≤1000), non-methane hydrocarbons 0.18-0.42mg/m³ (≤4), odor concentration <10 (≤20)[150] - Gaoyang plant's organized exhaust monitoring results: non-methane hydrocarbons mean concentration 1.19mg/m³ (≤120), emission rate 0.008-0.015kg/h (≤10), particle concentration <20mg/m³ (≤120), emission rate 0.020kg/h (≤3.5)[150] - Heyu plant's wastewater treatment results: pH daily average 7.4-7.5 (required 6-9), COD 161mg/L (≤500mg/L), SS 57mg/L (≤400mg/L), ammonia nitrogen 25.6mg/L (≤35mg/L), anionic surfactant 1.95mg/L (≤20mg/L), total nitrogen 51mg/L (≤70mg/L), petroleum 23.2mg/L (≤30mg/L)[151] - Heyu plant's unorganized exhaust monitoring results: TSP 180-523μg/m³ (≤1000), non-methane hydrocarbons 0.14-0.35mg/m³ (≤4), odor concentration <10 (≤20)[151] - Heyu plant's organized exhaust monitoring results: sintering exhaust non-methane hydrocarbons mean concentration 0.52mg/m³ (≤120), emission rate 0.001kg/h (≤3.5), heat treatment exhaust non-methane hydrocarbons mean concentration 0.81mg/m³ (≤120), emission rate 0.005-0.007kg/h (≤10)[151] Corporate Governance and Compliance - The company did not plan to distribute cash dividends, issue bonus shares, or convert capital reserve into share capital[12] - The company reported no material related-party transactions, illegal external guarantees, or related-party debt and credit transactions during the reporting period[105][108][109][110] - The company received a regulatory warning for incomplete product information disclosure and insufficient risk warnings[129] - The company engaged in related-party transactions amounting to 1.5312 million yuan, accounting for 1.23% of similar transactions[130] - The company reported no major litigation, arbitration, or bankruptcy restructuring during the reporting period[128] - The company's semi-annual financial report was not audited[126] - The company reported no significant non-operational fund occupation by controlling shareholders or related parties[125] - The company's total daily related-party transactions amounted to 560.12 million yuan, with actual transactions not exceeding the approved limit[131] Employee Compensation and Benefits - Short-term employee compensation totaled 6,368,761.65 yuan at the end of the period, a decrease of 8.5% from the beginning of the period[178] - Total employee benefits and social insurance expenses for the period were 38,169,600.06 yuan, with a net decrease of 171,977.51 yuan by the end of the period[178] Inventory and Cost Management - The company uses the perpetual inventory system for inventory management[57] - Inventory is measured at the lower of cost and net realizable value, with impairment recognized for any excess of cost over net realizable value[49] Financial Instruments and Risk Management - Financial assets and liabilities are classified into categories based on their measurement attributes, including amortized cost, fair value through other comprehensive income, and fair value through profit or loss[46] - Financial liabilities measured at amortized cost are recognized using the effective interest method, with gains or losses recognized in profit or loss upon derecognition or amortization[47] - Financial assets are derecognized when the contractual rights to receive cash flows have expired or when the transfer meets the criteria for derecognition under accounting standards[47] - The company's financial instruments are assessed for credit risk using a three-stage model, with expected credit losses calculated based on historical data and future economic predictions[56] - The expected credit loss rates for accounts receivable are 5% for within 1 year, 10% for 1-2 years, 50% for 2-3 years, and 100% for over 3 years[56] - The company holds bank acceptance bills with a total value of 5,236,321.47 yuan, with no bad debt provision recorded[61][62] - Accounts receivable at the end of the period amounted to 148,822,985.63 yuan, with a bad debt provision of 7,850,614.24 yuan, representing a provision ratio of 5.28%[65] - The company's accounts receivable with bad debt provisions amounted to 148,822,985.63 yuan, with a provision ratio of 5.28%[89] - The top five accounts receivable balances account for 58.79% of the total accounts receivable, with the largest single balance being 31,417,204.54 yuan, representing 21.11% of the total[94] - Prepayments to the top five suppliers totaled 1,751,789.58 yuan, accounting for 74.80% of total prepayments[97] - The company's other receivables increased from 2,250,061.88 yuan at the beginning of the period to 2,319,761.63 yuan at the end of the period[98] - The company's bad debt provision for other receivables increased from 95,808.72 yuan to 125,347.13 yuan during the reporting period[104] - Bad debt provision increased from 95,808.72 yuan to 125,347.13 yuan in the first half of 2023, with a significant increase in Stage 1 provision from 35,150.72 yuan to 60,702.41 yuan[116] - The company incurred a bad debt provision of 29,538.41 yuan in the first half of 2023, with 26,924.05 yuan allocated to Stage 1[116] Government Grants and Subsidies - Government grants related to assets are either deducted from the asset's carrying amount or recognized as deferred income and amortized over the asset's useful life[50] - Government grants related to income are recognized as deferred income and amortized over the period in which the related costs are incurred[50] - Government grants related to daily operations are recorded as other income or used to offset related costs, while non-operational grants are recorded as non-operating income or expenses[58] Deferred Tax Assets and Liabilities - Deferred tax assets and liabilities are recognized based on the difference between the carrying amount and tax base of assets and liabilities, calculated using the applicable tax rate during the expected recovery or settlement period[83] - Deferred tax assets increased from 1,377,176.79 to 1,732,202.80, while deferred tax liabilities decreased from 461,388.43 to 431,270.58[158] - Unrecognized deferred tax assets increased from 100,743.02 to 152,247.19, mainly due to an increase in deductible temporary differences from 95,808.72 to 125,347.13 and deductible losses from 4,934.30 to 26,900.06[160] Other Financial Information - The company's weighted average return on equity was 2.08%, a decrease of 5.50 percentage points compared to the same period last year[23] - The company's trade receivables, primarily consisting of bank acceptance bills, amounted to RMB 5,236,321.47 at the end of the period, with no bad debt provision[53] - The company holds financial assets measured at fair value through profit or loss, with a balance of 217,400.00 yuan at the end of the period[60] - The company does not have any significant lease arrangements during the reporting period[78] - The company's export products, including pneumatic tools and gearboxes, enjoy a 13% export tax rebate rate[84] - The company passed the high-tech enterprise review in December 2021, allowing it to enjoy a reduced corporate income tax rate of 15% from 2021 to 2023[84] - Subsidiaries Zhejiang Zhonghao Intelligent Technology Co., Ltd. and Zhejiang Fengxi Technology Co., Ltd. qualify as small and micro-profit enterprises, subject to a 20% corporate income tax rate[84] - The company's asset impairment provision increased from 9.18 million yuan to 11.55 million yuan, with deferred tax assets rising from 1.38 million yuan to 1.73 million yuan[137] - The company's fixed assets one-time pre-tax deduction decreased from 3.08 million yuan to 2.76 million yuan, with deferred tax liabilities dropping from 461,388.43 yuan to 413,900.58 yuan[139] - The company distributed a cash dividend of 1.25 yuan per share, totaling 15.01 million yuan, based on 120.10 million shares[145] - The company invested in automatic testing equipment and established a comprehensive quality control system, including raw material inspection, production process inspection, and finished product inspection[146] - The company donated 60,000 yuan to cultural activities in Gaoyang Village and Heyu Village, and sponsored a basketball tournament with approximately 300,000 yuan[122] - Other payables decreased significantly to 134,841.05 yuan at the end of the period, a 96.3% reduction from the beginning of the period[183]

证券代码:301368 证券简称：丰立智能 编号：2023-009 | --- | --- | --- | |------------------|----------------------------------------------|----------------------------------------------------------------------------------------------------| | | 特定对象调研 □分析师会议 | | | 投资者关系活动类 | □媒体采访 □业绩说明会 | | | 别 | □新闻发布会 | □路演活动 | | | 现场参观 | | | | 其他（电话会议） | | | | 36 家机构（50 人） | | | | | 申万菱信（刘世昌）、中银机械（陶波、蓸鸿生）、中金证券（王 | | | | 梓琳）、深圳前海博普资产（章腾飞）、名禹资产（朱细汇）、 | | | | 颐和久富（张准）、浙商证券（吴霄、喻文豪）、国泰君安（管 | | | | 正月、赵水平）、毅行资本（董悦）、明润投资（彭勇）、东北 | | | | 证券（韩金呈）、 ...

Company Overview - Fengli Intelligent is a national high-tech enterprise specializing in the R&D, production, and sales of small modulus gears, precision reducers, and components [2][3] - The company’s products are widely used in fields such as new energy vehicles, industrial robots, smart home devices, medical equipment, and electric tools [2][3] Financial Performance - In 2022, the company achieved sales of CNY 428 million and a profit of CNY 44.89 million [3] - R&D investment in 2022 accounted for 3.72% of operating revenue, an increase of 0.47% from 2021 [3] - For Q1 2023, the operating revenue was CNY 83.59 million, with a net profit of CNY 8.0162 million [3] R&D and Patents - As of December 31, 2022, the company held 48 patents, including 9 invention patents, with an additional 15 invention patents pending [3] - The company has established several R&D centers to enhance its design capabilities and maintain a competitive edge in the market [4][8] Production Capacity and Projects - The company has completed 97.82% of its small modulus precision gear expansion project and 73.69% of its precision reducer upgrade project [3] - The company plans to increase production capacity by approximately CNY 200 million for small modulus gears and CNY 150 million for precision reducers [7] Market Position and Strategy - Fengli Intelligent is positioned as a leading enterprise in the small modulus gear industry and has entered a global supply chain [3][4] - The company aims to expand its market presence by targeting high-end clients, including Tesla and BYD, in the new energy vehicle sector [7] Product Applications - The company’s products are categorized into five main application areas: 1. Smart home drives (e.g., electric tools, garden machinery, medical devices) [4] 2. New energy transmission (e.g., new energy vehicles, agricultural machinery) [4] 3. Cabin intelligent drives (e.g., automotive seat adjustment systems) [4] 4. Precision reducers (e.g., used in industrial robots and smart equipment) [4] 5. Lightweight pneumatic tools (e.g., automotive maintenance, industrial assembly) [4] Competitive Advantages - The company possesses core technologies and a complete closed-loop system for gear design, manufacturing, and quality control [8] - Fengli Intelligent has established long-term partnerships with major companies like Bosch and Stanley, enhancing its market competitiveness [8]

证券代码： 301368 证券简称：丰立智能 浙江丰立智能科技股份有限公司 投资者关系活动记录表 编号：2023-007 | --- | --- | --- | |----------------|-----------------|--------------------------------------------------------| | 投资者关系活动 | □特定对象调研 | □ 分析师会议 | | 类别 | □ 媒体采访 | √ 业绩说明会 | | | □ 新闻发布会 | □ 路演活动 | | | □ 现场参观 | | | | □ 其他 | （请文字说明其他活动内容） | | 参与单位名称及 | 投资者网上提问 | | | 人员姓名 | | | | 时间 | 2023 年 5 月 18 | (周四) 下午 15:00~16:30 | | 地点 | | 公司通过全景网"投资者关系互动平台"（https://ir.p5w.net | | | | 采用网络远程的方式召开业绩说明会 | | 上市公司接待人 | 1、丰立智能 | 董事长、总经理王友利 | | 员姓名 | 2、丰立智能 | 董事、副总经理 ...

Financial Performance - The company's revenue for Q1 2023 was ¥83,594,822.37, a decrease of 36.43% compared to ¥131,501,784.23 in the same period last year[5] - Net profit attributable to shareholders was ¥8,016,167.27, down 39.37% from ¥13,220,793.95 year-on-year[5] - The net profit after deducting non-recurring gains and losses was ¥2,433,143.38, reflecting an 81.23% decline from ¥12,960,016.10 in the previous year[5] - Basic and diluted earnings per share decreased by 53.33% to ¥0.07 from ¥0.15 in the same quarter last year[5] - Total operating revenue for Q1 2023 was CNY 83,594,822.37, a decrease of 36.5% compared to CNY 131,501,784.23 in the same period last year[21] - Net profit for Q1 2023 was CNY 8,016,167.27, down 39.5% from CNY 13,220,793.95 in Q1 2022[22] - Operating profit for Q1 2023 was CNY 8,742,551.86, a decline of 41.5% from CNY 14,982,958.96 in the previous year[21] Cash Flow - The net cash flow from operating activities was ¥210,891.15, a significant drop of 97.62% compared to ¥8,859,535.93 in Q1 2022[5] - The total cash inflow from operating activities was 89,316,797.25 CNY, while cash outflow was 89,105,906.10 CNY, resulting in a net cash flow of 210,891.15 CNY[25] - The net cash flow from investing activities was -42,929,005.86 CNY, compared to -25,438,677.80 CNY in Q1 2022, indicating increased investment outflows[25] - The cash inflow from financing activities was 98,892,800.00 CNY, while cash outflow was 116,506,873.51 CNY, leading to a net cash flow of -116,506,873.51 CNY[26] - The company received tax refunds amounting to 4,870,308.10 CNY during the quarter[25] - The company paid 17,332,389.55 CNY to employees, reflecting a decrease from 25,992,676.64 CNY in the previous year[25] - The cash outflow for purchasing goods and services was 62,453,323.79 CNY, compared to 113,359,602.21 CNY in Q1 2022[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,153,771,845.66, down 9.47% from ¥1,274,433,851.20 at the end of the previous year[5] - Total current assets decreased from 842,786,545.25 CNY at the beginning of the year to 701,320,009.74 CNY at the end of the reporting period, a decline of approximately 16.74%[18] - Cash and cash equivalents decreased from 629,962,021.17 CNY to 463,623,974.11 CNY, a reduction of about 26.5%[18] - Total liabilities decreased to CNY 184,478,965.22 in Q1 2023 from CNY 313,157,138.03 in the same period last year[20] - Fixed assets decreased from 349,243,093.89 CNY to 341,213,252.21 CNY, a decline of approximately 2.3%[18] Shareholder Information - Total number of common shareholders at the end of the reporting period is 18,206[13] - The largest shareholder, Taizhou Huangyan Fengli Electric Control Equipment Co., Ltd., holds 36.97% of shares, totaling 44,404,200 shares[13] - The top ten shareholders hold a significant portion of shares, with the top three alone accounting for over 50%[13] Strategic Initiatives - The company is focusing on market expansion and new product development as part of its strategic initiatives[17] - The company plans to release 1,238,846 shares from lock-up on December 15, 2023[16] Other Financial Metrics - The company reported a financial income of CNY 2,423,372.75 in Q1 2023, compared to a financial expense of CNY 473,066.35 in the same period last year[21] - Research and development expenses for Q1 2023 were CNY 3,888,071.38, down from CNY 4,484,888.20 in the previous year[21] - The company reported a 48.37% decrease in cash received from sales, totaling ¥75,029,155.20 compared to ¥145,320,307.19 in Q1 2022[10] - Accounts receivable increased from 100,182,551.73 CNY to 111,277,217.93 CNY, an increase of approximately 11%[18] - Inventory increased from 98,211,381.52 CNY to 111,859,978.63 CNY, reflecting a growth of about 13.9%[18] - The company’s cash flow from foreign exchange fluctuations was 36,208.96 CNY, showing a positive impact compared to -136,852.39 CNY in the previous year[26]