TOYOU(300302)2023-04-27 16:00Financial Performance - The company's revenue for Q1 2023 was ¥148,699,090.67, representing a 6.38% increase compared to ¥139,774,645.50 in the same period last year[4] - Net profit attributable to shareholders was ¥9,334,115.22, a 2.09% increase from ¥9,143,079.38 year-on-year[4] - Basic earnings per share rose to ¥0.0193, reflecting a 3.21% increase from ¥0.0187 in the same period last year[5] - The company's weighted average return on equity was 0.62%, up from 0.61% year-on-year[5] - Operating profit, excluding losses from equity investments, reached CNY 26.58 million, a year-on-year growth of 47.45%[17] - The total comprehensive income for Q1 2023 was CNY 8,371,424.00, compared to CNY 9,115,091.92 in Q1 2022, showing a decrease of about 8.15%[27] Cash Flow - The net cash flow from operating activities improved significantly to ¥7,796,966.54, a 110.20% increase from a negative cash flow of ¥76,406,723.00 in the previous year[4] - The net cash flow from operating activities increased by 110.20% to ¥7,796,966.54, primarily due to the recovery of contract payments for key projects and tax refunds[9] - The net cash flow from financing activities surged by 484.16% to ¥20,743,302.78, driven by long-term loans received for the Changsha Industrial Park construction project[9] - The net cash flow from financing activities for Q1 2023 was CNY 20,743,302.78, a recovery from a negative cash flow of CNY -5,399,593.93 in Q1 2022[31] Investment Activities - The cash flow from investment activities was negative at -¥39,136,733.34, a decline of 176.12%, mainly due to guarantee deposits for the Changsha Industrial Park project and the purchase of financial products[9] - The total cash outflow from investing activities in Q1 2023 was CNY 40,150,004.57, compared to CNY 14,173,670.76 in Q1 2022, indicating an increase of approximately 183.06%[31] - The company received cash from investment recoveries amounting to ¥1,013,271.23, marking a 100% increase due to the maturity of financial products[9] - The company made cash payments for investments totaling ¥6,000,000.00, a 100% increase due to the purchase of financial products[9] Revenue Sources - Revenue from the subsidiary Hongqin Technology significantly increased to CNY 105.73 million, a year-on-year growth of 280.73%[16] - Revenue from storage systems was CNY 43.08 million, maintaining a positive trend despite project delivery fluctuations[16] - Total revenue from sales of goods and services received in Q1 2023 was CNY 121,632,588.43, compared to CNY 50,306,130.44 in the same period last year, indicating a significant increase of approximately 142.36%[29] Expenses - Cash paid for employee benefits rose by 64.82% to ¥36,966,531.64, mainly due to the payment of last year's bonuses[9] - Cash paid for taxes increased by 128.53% to ¥26,351,522.19, primarily due to the payment of deferred tax liabilities[9] - Research and development expenses rose to CNY 15.99 million, reflecting a year-on-year increase of 23.03%[17] - Research and development expenses increased to CNY 15,990,740.04 in Q1 2023 from CNY 12,997,178.49 in Q1 2022, reflecting a rise of approximately 23.06%[26] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 43,920[11] - The largest shareholder, Zhou Zexiang, holds 17.34% of the shares, amounting to 84,028,597 shares, with 63,021,448 shares pledged[11] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,903,314,262.64, a slight increase of 0.26% from ¥1,897,250,974.56 at the end of the previous year[5] - The total assets of the company as of March 31, 2023, were CNY 1.90 billion, slightly up from CNY 1.90 billion at the beginning of the year[22] - The company's total liabilities decreased from CNY 387.76 million to CNY 383.48 million[23]