Financial Performance - Net profit attributable to shareholders rose by 135.52% to ¥34,351,394.45 year-on-year[12] - Operating income increased by 74.28% to ¥114,443,176.10 compared to the same period last year[12] - Total revenue for Q1 2023 reached ¥114,443,176.10, a significant increase from ¥65,666,382.04 in Q1 2022, representing a growth of approximately 74%[40] - The net profit for Q1 2023 was ¥34,351,394.45, compared to ¥14,585,113.18 in Q1 2022, indicating an increase of about 135%[43] - The total profit for Q1 2023 was ¥40,289,532.11, compared to ¥16,857,584.89 in Q1 2022, indicating an increase of approximately 139%[42] - The company's operating profit for Q1 2023 was ¥39,586,817.80, compared to ¥16,835,637.99 in Q1 2022, marking an increase of around 135%[42] Cash Flow and Liquidity - Net cash flow from operating activities surged by 258.34% to ¥34,267,802.99 year-on-year[12] - Operating cash inflow for Q1 2023 reached ¥116,073,824.27, a significant increase from ¥57,244,030.97 in Q1 2022[51] - Net cash flow from operating activities for Q1 2023 was ¥34,177,735.53, compared to ¥9,616,025.56 in Q1 2022, indicating strong operational performance[51] - The company reported a net decrease in cash and cash equivalents of ¥7,484,597.36 for Q1 2023, compared to a decrease of ¥18,276,587.73 in Q1 2022[52] - The ending balance of cash and cash equivalents for Q1 2023 was ¥318,926,931.90, down from ¥75,521,538.24 in Q1 2022[52] Assets and Liabilities - Total assets increased by 5.07% to ¥761,567,980.83 compared to the end of last year[12] - Current assets totaled ¥659,960,562.44 as of March 31, 2023, up from ¥626,301,930.99 at the end of 2022, reflecting a growth of approximately 5.3%[37] - Total assets increased to ¥766,007,314.84 in Q1 2023 from ¥729,320,434.26 at the end of 2022, marking a rise of about 5%[38] - Current liabilities decreased to ¥191,454,210.54 in Q1 2023 from ¥221,040,078.20 at the end of 2022, a reduction of approximately 13.4%[38] - The company's cash and cash equivalents decreased from RMB 446,575,373.73 to RMB 415,351,951.46 during the same period[32] Shareholder Information - The total number of ordinary shares increased to 91,642,500 after a public offering of 15,000,000 shares[20] - The company completed the exercise of the over-allotment option, increasing the total number of shares issued from 15,000,000 to 17,250,000, raising the total share capital from 89,392,500 to 91,642,500 shares[21] - The major shareholders include Zou Qian with 38.62% ownership, Chongqing Maisun Metal Solvent Extraction with 13.46%, and Zou Yang with 6.38%[23] Operational Highlights - Significant increase in accounts receivable due to higher sales revenue, with a corresponding rise in credit impairment losses[14] - The gross profit margin improved due to price adjustments and new production processes that reduced manufacturing costs[15] - The company plans to continue expanding its market presence and enhancing product offerings in response to increased orders[14] Research and Development - Research and development expenses for Q1 2023 amounted to ¥2,625,462.75, up from ¥1,986,972.28 in Q1 2022, reflecting a year-over-year increase of approximately 32%[44] Tax and Financial Expenses - The tax expenses for Q1 2023 were ¥5,938,137.66, compared to ¥2,272,471.71 in Q1 2022, indicating an increase of about 161%[42] - The financial expenses for Q1 2023 were ¥1,040,656.17, compared to ¥596,049.59 in Q1 2022, which is an increase of about 74%[42] Other Financial Activities - The company received government subsidies amounting to ¥129,664.00 during the reporting period[18] - The company applied for a credit facility of RMB 70 million from Shanghai Pudong Development Bank, secured by its own land and buildings, with a term of 3 years[27] - The company has not reported any litigation, arbitration, or external guarantees during the reporting period[26] - The company has not implemented any share buyback or employee incentive plans during the reporting period[26] - The company nominated six employees as core staff members, indicating a focus on talent retention and development[21]
康普化学(834033) - 2023 Q1 - 季度财报