Watertek(300324)2023-04-21 16:00Financial Performance - The company's revenue for Q1 2023 was ¥559,337,181.74, representing a 12.10% increase compared to ¥498,974,422.87 in the same period last year[4]. - The net loss attributable to shareholders was ¥43,832,332.83, a slight increase of 1.54% from a loss of ¥43,166,980.20 in the previous year[4]. - The total operating revenue for the first quarter of 2023 was CNY 559,337,181.74, an increase of 12.1% compared to CNY 498,974,422.87 in the same period last year[38]. - The net profit for the first quarter was a loss of CNY 38,895,266.84, compared to a loss of CNY 42,523,042.18 in the previous year, indicating an improvement[40]. - The total operating costs amounted to CNY 587,353,419.17, up 13.7% from CNY 516,560,676.02 year-on-year[38]. - The total comprehensive income for the period was -39,751,755.30 yuan, compared to -42,859,133.49 yuan in the previous period[42]. Cash Flow and Liquidity - The net cash flow from operating activities improved by 46.97%, reaching -¥117,347,469.30 compared to -¥221,286,713.79 in Q1 2022[12]. - The net cash flow from operating activities was -117,347,469.30 yuan, an improvement from -221,286,713.79 yuan in the previous period[44]. - Cash inflow from operating activities totaled 756,028,559.72 yuan, while cash outflow was 873,376,029.02 yuan[44]. - The net cash flow from investing activities was -78,823,480.95 yuan, worsening from -44,853,674.17 yuan in the previous period[46]. - The net cash flow from financing activities was 37,277,162.36 yuan, compared to -9,907,786.51 yuan in the previous period[46]. - The total cash balance as of March 31, 2023, was RMB 1,409,370,992.98, down from RMB 1,573,887,161.95 at the beginning of the year, indicating a decrease of approximately 10.4%[31]. - The total cash and cash equivalents at the end of the period were 1,333,444,824.14 yuan, down from 1,342,580,911.58 yuan at the end of the previous period[46]. Assets and Liabilities - The total assets at the end of Q1 2023 were ¥6,050,486,729.08, a decrease of 1.30% from ¥6,130,451,226.28 at the end of the previous year[6]. - The total liabilities decreased to CNY 2,403,812,078.48 from CNY 2,453,395,803.62, a reduction of about 2.0%[35]. - The company's inventory increased to CNY 439,763,438.26 from CNY 412,969,252.43, representing a growth of 6.5%[34]. - The total equity attributable to shareholders decreased to CNY 3,364,649,952.90 from CNY 3,409,338,774.19, a decline of approximately 1.3%[35]. Shareholder Information - The total number of shares held by the top shareholder, Chen Jiangtao, is 169,551,898, representing 9.81% of the total share capital[21]. - Chen Jiangtao's pledged shares amount to 93,798,865, which is 55.32% of his total holdings and 5.43% of the company's total share capital[21]. - The company has a total of 19,488,826 restricted shares, with 451,498 shares released during the reporting period[21]. - The company’s major shareholder, Chen Jiangtao, experienced a reduction of 81,378,525 shares due to auction or legal transfer during the reporting period[21]. Government Support and Other Income - The company received government subsidies amounting to ¥1,680,313.00, contributing to a 38.04% increase in other income[12]. - The company reported a decrease in cash received from tax refunds to 133,241.86 yuan from 235,649.00 yuan in the previous period[44]. Research and Development - Research and development expenses for the quarter were CNY 61,181,135.73, compared to CNY 60,257,069.48 in the previous year, showing a slight increase[38]. Legal Matters - The company successfully won a patent infringement lawsuit against Shenzhen Langke Technology Co., Ltd., with the Supreme People's Court rejecting the latter's retrial application[28]. Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[12].