QRUNNINGCABLE(BJ:834682)2023-04-25 16:00Financial Performance - Operating revenue for Q1 2023 reached CNY 594,172,996.34, a growth of 15.51% year-on-year[9] - Net profit attributable to shareholders rose by 41.03% to CNY 20,516,096.26 compared to the same period last year[9] - Basic earnings per share increased by 42.86% to CNY 0.10[10] - Total operating revenue for Q1 2023 reached ¥594,172,996.34, an increase of 15.5% compared to ¥514,393,401.81 in Q1 2022[40] - Net profit for Q1 2023 was ¥20,516,096.26, representing a 41.0% increase from ¥14,547,478.34 in Q1 2022[42] - The total comprehensive income for Q1 2023 was ¥20,516,096.26, up from ¥14,547,478.34 in Q1 2022, indicating strong performance[42] - The total comprehensive income for the period was CNY 19,929,296.94, compared to CNY 14,290,938.31 in the previous year, representing a year-over-year increase of approximately 39.4%[46] - Basic and diluted earnings per share increased to CNY 0.10 from CNY 0.07, reflecting a growth of 42.9%[46] Assets and Liabilities - Total assets increased by 11.97% to CNY 2,080,442,658.56 compared to the end of last year[9] - Current assets totaled CNY 1,616,450,321.93, an increase from CNY 1,408,844,845.45, reflecting a growth of about 14.74%[32] - Total liabilities increased to CNY 1,054,046,754.65 from CNY 852,165,857.04, representing a growth of about 23.69%[34] - Total liabilities increased to ¥1,053,323,234.36 in Q1 2023, up from ¥852,441,853.21 in Q1 2022, reflecting a growth of 23.6%[41] Cash Flow - Cash flow from operating activities showed an improvement, with a net cash outflow of CNY 91,131,121.16, a 13.99% reduction in outflow compared to last year[10] - Cash inflow from operating activities totaled CNY 519,221,441.10, slightly up from CNY 511,407,346.31 year-over-year[47] - Cash outflow from operating activities decreased to CNY 610,352,562.26 from CNY 617,361,468.17, indicating better cash management[49] - Net cash flow from operating activities was negative CNY 91,131,121.16, an improvement from negative CNY 105,954,121.86 in the same period last year[49] - Net cash flow from investing activities was negative CNY 13,644,480.49, an improvement from negative CNY 28,588,929.11 in the previous year[49] - Cash inflow from financing activities was CNY 260,000,000.00, down from CNY 340,000,000.00 year-over-year[49] - The company repaid CNY 80,000,000.00 in debt, compared to CNY 230,000,000.00 in the same period last year, showing a reduction in debt repayment[49] Shareholder Information - The number of ordinary shareholders stood at 16,538 as of the report date[19] - The largest shareholder, Ningbo Beilun Thomas Investment Co., Ltd., holds 20.08% of the shares, totaling 41,769,000 shares[20] - The second-largest shareholder, Tiandi International Holdings Ltd., holds 18.75% of the shares, totaling 39,000,000 shares[20] - The third-largest shareholder, Ningbo Xingbang Investment Consulting Co., Ltd., holds 15.67% of the shares, totaling 32,591,000 shares[20] - The company has committed to extending the lock-up period for shares held by major shareholders and management, with no breaches of commitment reported[27] Operational Highlights - Other income surged by 403.64% due to government subsidies received during the period[12] - The company has projected a total of CNY 20 million for routine related party transactions in 2023, with actual sales to Zhejiang Kukun Electric Co., Ltd. amounting to CNY 3.099 million as of the reporting period[25] - Research and development expenses for Q1 2023 were ¥20,021,198.98, an increase of 22.0% from ¥16,402,963.05 in Q1 2022[41] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[42] Debt and Financial Commitments - The company’s long-term borrowings doubled, indicating a strategic shift in debt structure[11] - Short-term borrowings rose to CNY 790,621,011.10 from CNY 632,995,702.77, reflecting an increase of approximately 25%[33] - The company has not provided external guarantees or loans during the reporting period[24] - There are no ongoing litigation or arbitration matters reported during the period[24] - The company has not engaged in any share buyback activities during the reporting period[24]