润农节水(830964) - 2023 Q1 - 季度财报

Financial Performance - Operating revenue for Q1 2023 reached CNY 122,111,110.88, representing a year-on-year increase of 61.23%[11] - Net profit attributable to shareholders for Q1 2023 was CNY 10,834,918.16, up 6.26% from the same period last year[11] - Non-operating income for the quarter was CNY 192,300, a substantial increase of 433.38% compared to the previous year[15] - Total operating revenue for Q1 2023 reached ¥122,111,110.88, a significant increase from ¥75,738,200.93 in Q1 2022, representing a growth of approximately 61.1%[43] - Net profit for Q1 2023 was ¥10,834,918.16, up from ¥10,196,688.47 in Q1 2022, reflecting a growth of approximately 6.2%[44] - Revenue for Q1 2023 reached ¥107.52 million, a significant increase of 57.8% compared to ¥68.12 million in Q1 2022[47] - Operating profit for Q1 2023 was ¥13.97 million, up from ¥12.84 million in Q1 2022, reflecting a growth of 8.8%[48] - Net profit for Q1 2023 was ¥11.94 million, compared to ¥11.33 million in Q1 2022, indicating an increase of 5.4%[48] Cash Flow - The company's cash flow from operating activities showed a net outflow of CNY 50,957,783.91, an improvement from a net outflow of CNY 59,189,280.64 in the previous year[11] - Cash flow from operating activities for Q1 2023 showed a net outflow of ¥50.96 million, an improvement from a net outflow of ¥59.19 million in Q1 2022[51] - Cash flow from investment activities in Q1 2023 was a net inflow of ¥33.77 million, down from ¥48.58 million in Q1 2022[51] - Total cash and cash equivalents at the end of Q1 2023 were ¥71.58 million, a decrease from ¥85.71 million at the end of Q1 2022[52] - Cash flow from investment activities totaled $23,633,679.01, up from $8,075,795.00, indicating a significant increase in investment expenditures[55] - The net decrease in cash and cash equivalents was $20,144,009.76, compared to a decrease of $14,217,210.21 in the prior period, showing a larger cash outflow[55] - Overall, the company is experiencing a tightening cash position, necessitating careful management of cash flows moving forward[55] Assets and Liabilities - Total assets as of March 31, 2023, were CNY 1,073,287,131.10, a decrease of 0.30% compared to the end of 2022[11] - The asset-liability ratio for the consolidated entity decreased to 17.30% from 18.55% year-on-year[11] - The company's total liabilities were reported at ¥185,681,505.74, down from ¥199,736,658.35, indicating a decrease of approximately 7.0%[37] - Total current liabilities decreased to ¥157,612,337.14 from ¥171,935,859.64, a reduction of about 8.3%[36] - The company's total liabilities decreased to ¥152,840,763.75 from ¥169,810,494.42, a reduction of approximately 10%[41] - The company's total assets as of March 31, 2023, amounted to ¥1,024,518,094.03, slightly down from ¥1,029,549,816.66 at the end of 2022[39] Shareholder Information - The largest shareholder, Xue Baosong, holds 33.30% of the shares, totaling 86,970,163 shares[22] - The top ten shareholders collectively own 59.28% of the company, with a total of 154,838,600 shares[22] - Shareholders' equity increased to ¥887,605,721.36 from ¥876,770,803.20, reflecting a growth of about 1.5%[37] Commitments and Compliance - The company has ongoing commitments related to the authenticity and completeness of its public offering documents, which are currently being fulfilled[29] - The company has not violated any commitments related to its public offering and listing on the Beijing Stock Exchange[31] - The company is currently fulfilling its commitments regarding the reduction and regulation of related party transactions[30] Expenses - The gross profit margin for Q1 2023 was impacted by a 71.69% increase in operating costs, totaling CNY 97,471,800[14] - Total operating costs for Q1 2023 were ¥112,352,150.00, compared to ¥71,446,758.53 in Q1 2022, indicating an increase of about 57.3%[44] - The company reported research and development expenses of ¥2,982,344.24 for Q1 2023, slightly up from ¥2,839,838.91 in Q1 2022, reflecting an increase of about 5%[44] - Sales expenses decreased to ¥2.07 million in Q1 2023 from ¥3.03 million in Q1 2022, a reduction of 31.9%[47] - The company reported a decrease in credit impairment losses to ¥1.77 million in Q1 2023 from ¥2.72 million in Q1 2022, a reduction of 34.7%[48] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[49]