Tianyong(603895)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 194,361,760.59, representing a year-on-year increase of 28.62%[5] - The net profit attributable to shareholders decreased by 17.74% to CNY 7,611,311.87[5] - The basic earnings per share for the period was CNY 0.07, an increase of 16.67% compared to the previous year[6] - Total operating revenue for Q1 2023 reached RMB 194,361,760.59, an increase of 28.7% compared to RMB 151,108,083.90 in Q1 2022[18] - Total operating costs for Q1 2023 were RMB 193,680,904.05, up from RMB 141,902,166.07 in Q1 2022, reflecting a growth of 36.5%[18] - The net loss attributable to the parent company narrowed to RMB 25,943,520.59 in Q1 2023 from RMB 33,588,949.50 in Q1 2022, showing an improvement of 22.9%[17] - Net profit increased from ¥6,434,711.25 million in Q1 2022 to ¥7,577,907.44 million in Q1 2023, representing a growth of about 17.8%[20] - Operating profit decreased from ¥8,667,323.87 million in Q1 2022 to ¥7,296,663.69 million in Q1 2023, a decline of approximately 15.8%[19] - The company's total revenue for Q1 2023 was CNY 150,403,353.40, slightly down from CNY 150,448,495.76 in Q1 2022, representing a decrease of 0.03%[27] - The net profit for Q1 2023 was CNY 13,492,044.49, compared to CNY 14,478,327.68 in Q1 2022, indicating a decline of approximately 6.83%[28] Assets and Liabilities - The total assets at the end of the period were CNY 1,789,348,614.00, reflecting a growth of 5.67% from the end of the previous year[6] - The company's total assets as of March 31, 2023, amounted to RMB 1,789,348,614.00, up from RMB 1,693,374,957.53 at the end of 2022, reflecting an increase of 5.7%[17] - The total liabilities as of March 31, 2023, were RMB 1,342,926,312.58, compared to RMB 1,254,564,680.58 at the end of 2022, indicating an increase of 7.0%[16] - The total current liabilities increased to CNY 1,056,696,838.98 in Q1 2023 from CNY 924,917,233.81 in Q4 2022, representing a rise of about 14.23%[25] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 93,957,107.60, a decrease of 5.22%[5] - Cash inflow from operating activities totaled ¥152,926,861.57 million in Q1 2023, compared to ¥107,800,279.68 million in Q1 2022, an increase of approximately 41.8%[22] - Cash outflows for operating activities totaled 201,328,187.92 in the previous year, indicating higher operational costs[31] - Cash inflow from financing activities increased significantly from ¥53,039,471.97 million in Q1 2022 to ¥223,800,000.00 million in Q1 2023, an increase of approximately 320.5%[23] - The net cash flow from operating activities was -100,488,335.89 in the previous year, indicating a significant increase in cash outflow[31] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 6,545[10] - The largest shareholder, Shanghai Mingjia Investment Co., Ltd., holds 59.3% of the shares[11] Research and Development - The company is investing in the development of lithium battery equipment prototypes, leading to an 82.00% increase in development expenditures[9] - Research and development expenses for Q1 2023 were RMB 8,518,017.14, down from RMB 10,504,317.48 in Q1 2022, a decrease of 18.9%[18] - The company's R&D expenses for Q1 2023 were CNY 7,967,161.65, down from CNY 9,970,439.28 in Q1 2022, a decrease of approximately 20.08%[27] Inventory and Receivables - Accounts receivable decreased slightly to RMB 323,770,814.12 from RMB 325,383,188.84, indicating a marginal decline of 0.5%[15] - Inventory levels decreased to RMB 608,944,853.71 from RMB 660,173,387.22, a reduction of 7.8%[15] - The accounts receivable increased to CNY 293,990,063.60 as of March 31, 2023, compared to CNY 333,302,829.37 at the end of 2022, a decrease of about 11.73%[24] Cash and Cash Equivalents - The company experienced a 52.00% increase in cash and cash equivalents due to increased bank loans[9] - The company's cash and cash equivalents increased to RMB 208,431,080.38 as of March 31, 2023, compared to RMB 137,197,645.41 at the end of 2022, representing a growth of 52.0%[14] - Cash and cash equivalents at the end of Q1 2023 totaled CNY 208,431,080.38, an increase from CNY 137,173,365.54 at the beginning of the quarter, reflecting a net increase of CNY 71,257,714.84[24] - The ending cash and cash equivalents balance was 42,943,739.33 at the end of the previous year, reflecting an increase[31]