BOAMAX(002514)2023-04-27 16:00Financial Performance - The company's revenue for Q1 2023 was ¥209,327,398.01, representing a 21.98% increase compared to ¥171,607,400.03 in Q1 2022[5] - Net profit attributable to shareholders for Q1 2023 was ¥10,220,805.17, an increase of 83.25% from ¥5,577,580.42 in the same period last year[5] - Basic earnings per share for Q1 2023 were ¥0.0142, up 40.59% from ¥0.0101 in Q1 2022[5] - Total revenue for Q1 2023 reached ¥209,327,398.01, an increase of 22% compared to ¥171,607,400.03 in Q1 2022[26] - Net profit for Q1 2023 was ¥8,115,686.92, representing a 26% increase from ¥6,437,361.22 in Q1 2022[27] Cash Flow and Liquidity - The net cash flow from operating activities was -¥75,408,721.67, a significant decrease of 925.65% compared to ¥9,133,224.48 in Q1 2022[9] - Cash flow from operating activities showed a net outflow of ¥75,408,721.67 in Q1 2023, a decline from a net inflow of ¥9,133,224.48 in Q1 2022[30] - Cash received from sales and services in Q1 2023 was ¥161,177,266.64, an increase from ¥116,557,663.27 in Q1 2022[30] - The net increase in cash and cash equivalents for Q1 2023 was a decrease of ¥95.45 million, contrasting with an increase of ¥6.59 million in Q1 2022[31] - The ending balance of cash and cash equivalents as of the end of Q1 2023 was ¥116.16 million, compared to ¥35.60 million at the end of Q1 2022, indicating a growth of 226.5%[31] Assets and Liabilities - Total assets at the end of Q1 2023 were ¥2,578,225,269.47, a 10.09% increase from ¥2,341,864,644.54 at the end of the previous year[5] - The company's current liabilities totaled approximately 870.54 million RMB, up from 767.17 million RMB at the beginning of the year, indicating an increase of about 13.5%[23] - The company's accounts receivable increased to approximately 594.16 million RMB from 447.95 million RMB, representing a growth of about 32.7%[22] - The company reported a total equity of approximately 1.43 billion RMB, slightly up from 1.43 billion RMB at the beginning of the year, indicating a marginal increase[23] Research and Development - The company reported a 32.14% increase in R&D expenses, totaling ¥6,839,689.39 in Q1 2023 compared to ¥5,176,075.17 in Q1 2022[9] - Research and development expenses for Q1 2023 were ¥6,839,689.39, compared to ¥5,176,075.17 in Q1 2022, indicating a focus on innovation[26] Shareholder Information - The total number of common shareholders at the end of the reporting period is 96,309[12] - Jiangsu Jiedeng Intelligent Manufacturing Technology Co., Ltd. holds 26.90% of shares, totaling 193,701,714 shares, with 166,000,000 shares pledged[12] - The top ten shareholders include foreign and domestic entities, with significant stakes held by Jiangsu Jiedeng and Guangxun Co., Ltd.[12] Financing Activities - The net cash flow from financing activities was ¥82,677,105.44, a 233.99% increase compared to ¥24,754,018.31 in Q1 2022[9] - Cash outflow from financing activities totaled ¥198.16 million in Q1 2023, up 67.1% from ¥118.57 million in Q1 2022[31] - The company plans to raise up to RMB 300 million through a private placement to fund projects including a 2GW high-efficiency heterojunction battery and component manufacturing project[14] Strategic Initiatives - The company aims to strengthen its strategic partnership with the local government in Bengbu City, enhancing cooperation and achieving mutual benefits through the new project[19] - The company plans to invest approximately 5.5 billion RMB in a 6GW high-efficiency heterojunction battery and related products high-end manufacturing project, with fixed asset investment of about 4 billion RMB[19] - The first phase of the project will involve an investment of approximately 1.7 billion RMB for 2GW of high-efficiency heterojunction solar cells and components, while the second phase will require about 3.8 billion RMB for an additional 4GW[19] Employee Stock Ownership Plan - The first phase of the employee stock ownership plan purchased 2,258,700 shares, accounting for 0.31% of the total share capital, with a total transaction amount of RMB 23,742,995.57[15] - The employee stock ownership plan's actual subscription amount is 23.743 million shares, which is below the proposed limit of 120 million shares[16] - The company has extended the duration of the employee stock ownership plan by 9 months, now set to expire on February 4, 2024[16] - The 2022 stock option and restricted stock incentive plan aims to grant a total of 15.551528 million rights, representing 2.16% of the company's total share capital[18] - The initial grant of rights under the incentive plan is 12.551528 million shares, accounting for 1.74% of the total share capital[18] Other Financial Metrics - The company experienced a 50.82% increase in taxes and surcharges, totaling ¥1,872,455.97 in Q1 2023 due to increased revenue[9] - The company reported a significant increase in credit impairment losses, totaling ¥7,957,895.63 in Q1 2023, compared to ¥401,713.65 in Q1 2022[26] - Cash used for debt repayment in Q1 2023 was approximately ¥129.30 million, an increase of 36.2% compared to ¥94.93 million in Q1 2022[31] - The company did not conduct an audit for the Q1 2023 report[32]