Financial Performance - The company reported a revenue of RMB 345,001,524.92 for Q1 2023, representing a year-on-year increase of 32.37%[18] - Net profit attributable to shareholders reached RMB 9,070,150.47, a turnaround from a loss of RMB -4,032,392.53 in the same period last year, marking a growth of 324.93%[18] - Total operating revenue for Q1 2023 reached RMB 345,001,524.92, a 32.3% increase from RMB 260,633,969.48 in Q1 2022[25] - Net profit for Q1 2023 was RMB 9,936,100.98, compared to a net loss of RMB 4,643,666.21 in Q1 2022, marking a significant turnaround[25] - The company achieved a net profit excluding non-recurring gains and losses of RMB 5,465,326.94, compared to a loss of RMB -11,886,686.15 in the same period last year, an increase of 145.98%[16] Earnings Per Share - The company’s basic and diluted earnings per share were both RMB 0.0115, compared to a loss of RMB -0.0051 in the previous year, reflecting a 325.49% increase[16] - The basic and diluted earnings per share for Q1 2023 were both RMB 0.0115, recovering from a loss of RMB 0.0051 per share in Q1 2022[34] Cash Flow - The net cash flow from operating activities was RMB -16,609,425.13, a decrease of 355.06% compared to the previous year[18] - In Q1 2023, the cash inflow from operating activities was RMB 226,213,016.21, an increase of 21.9% compared to RMB 185,606,864.38 in Q1 2022[36] - The net cash flow from operating activities turned negative at RMB -16,609,425.13, compared to a positive RMB 6,511,908.60 in the same period last year[36] - The total cash outflow from operating activities was RMB 242,822,441.34, compared to RMB 179,094,955.78 in Q1 2022, representing a 35.5% increase[36] - The cash received from sales of goods and services was RMB 190,712,250.84, a rise of 31.0% from RMB 145,545,761.79 in Q1 2022[36] - The cash paid for purchasing goods and services increased to RMB 139,125,858.22 from RMB 91,090,384.81, marking a 52.8% increase year-over-year[36] Assets and Liabilities - Total assets as of March 31, 2023, were RMB 2,354,610,774.27, a decrease of 1.46% from December 31, 2022[16] - The company’s total liabilities decreased, indicating improved financial stability and management of resources[12] - The total liabilities as of March 31, 2023, were RMB 971,576,701.43, a decrease from RMB 1,016,385,196.52 at the end of 2022[31] - The total equity attributable to shareholders of the parent company was RMB 1,401,731,027.16 as of March 31, 2023, showing a slight increase from the previous year[31] Investment and R&D - The company reported an investment income of RMB 567,011.95 in Q1 2023, compared to RMB 102,455.26 in Q1 2022, indicating improved investment performance[25] - Research and development expenses increased to RMB 25,280,891.98 in Q1 2023, up from RMB 20,325,622.00 in Q1 2022, indicating a focus on innovation[25] Strategic Plans - The company plans to continue expanding its product lines, particularly in electric steering systems for passenger vehicles and commercial vehicle steering products[18] Cash Flow Management - The company's cash flow management appears stable, with short-term borrowings remaining consistent at approximately RMB 153 million[31] - The ending cash and cash equivalents balance was RMB 139,207,294.08, up from RMB 117,193,602.52 in Q1 2022, indicating a 18.8% increase[36] Related Party Transactions - The company has no significant related party transactions or financing activities reported among the top shareholders[21]
浙江世宝(01057) - 2023 Q1 - 季度业绩