三祥新材(603663) - 2023 Q1 - 季度财报

Revenue and Profit Growth - Revenue for the first quarter of 2023 was RMB 298,011,918.57, an increase of 63.89% compared to the same period last year[6] - Net profit attributable to shareholders of the listed company was RMB 36,034,504.78, up 18.19% year-on-year[6] - Total operating revenue for Q1 2023 was RMB 298,011,918.57, a 63.9% increase compared to RMB 181,834,877.46 in Q1 2022[22] - Net profit for Q1 2023 was RMB 38,024,738.85, a 32.5% increase compared to RMB 28,709,075.08 in Q1 2022[23] - Net profit attributable to parent company owners rose to 524.083 million yuan from 488.048 million yuan at the end of 2022[18] Cash Flow and Financial Activities - Net cash flow from operating activities was RMB 26,153,887.49, a significant increase of 92.94% compared to the previous year[6] - Net cash flow from operating activities for Q1 2023 was RMB 26,153,887.49, a 92.9% increase compared to RMB 13,555,502.67 in Q1 2022[26] - Net cash flow from financing activities for Q1 2023 was RMB 58,233,716.59, a 1029.8% increase compared to RMB 5,154,608.10 in Q1 2022[27] - Net cash flow from investing activities for Q1 2023 was RMB -43,707,180.66, a 37.1% decrease compared to RMB -31,875,008.92 in Q1 2022[27] - Cash and cash equivalents at the end of Q1 2023 were RMB 102,236,257.28, a 6.0% increase compared to RMB 96,487,111.56 at the end of Q1 2022[27] Assets and Liabilities - Total assets at the end of the reporting period were RMB 1,940,544,080.49, an increase of 7.43% from the end of the previous year[7] - Total assets increased to 1.940 billion yuan as of March 31, 2023, compared to 1.806 billion yuan at the end of 2022[18] - Current assets rose to 796.325 million yuan from 710.224 million yuan at the end of 2022[16] - Non-current assets grew to 1.144 billion yuan from 1.096 billion yuan at the end of 2022[17] - Total liabilities increased to 603.033 million yuan from 507.658 million yuan at the end of 2022[18] - Equity attributable to parent company owners grew to 1.245 billion yuan from 1.208 billion yuan at the end of 2022[18] - Fixed assets increased to 564.896 million yuan from 553.149 million yuan at the end of 2022[17] R&D and Other Income - R&D expenses increased by 130.10% due to increased investment in research and development[11] - Other income rose by 156.05%, primarily due to an increase in government subsidies received during the period[11] - R&D expenses for Q1 2023 were RMB 14,900,156.11, a 130.1% increase compared to RMB 6,475,649.02 in Q1 2022[22] Accounts Receivable and Borrowings - Accounts receivable increased by 64.73%, mainly due to higher sales and credit terms within the period[10] - Short-term borrowings increased by 71.79%, primarily due to additional bank loans[10] - Accounts receivable increased to 196.269 million yuan from 119.148 million yuan at the end of 2022[16] - Short-term borrowings surged to 182.054 million yuan from 105.976 million yuan at the end of 2022[18] Inventory and Operating Costs - Inventory decreased to 258.730 million yuan from 297.127 million yuan at the end of 2022[16] - Total operating costs for Q1 2023 were RMB 244,811,621.03, a 66.3% increase compared to RMB 147,233,320.63 in Q1 2022[22] Shareholders and Earnings - The number of ordinary shareholders at the end of the reporting period was 19,243[13] - Basic earnings per share for Q1 2023 were RMB 0.12, a 14.3% decrease compared to RMB 0.14 in Q1 2022[23] Investments and Equity - The company's investment in Dalian Zhanggu Forming Technology Co., Ltd. led to a 112.52% increase in other equity instrument investments[10] Tax Expenses - Income tax expenses for Q1 2023 were RMB 5,895,962.72, a 28.0% increase compared to RMB 4,607,629.46 in Q1 2022[23]