Financial Performance - Operating revenue for Q1 2023 reached ¥55,634,525.90, a significant increase of 123.38% year-on-year[8] - Net profit attributable to shareholders was ¥9,763,469.66, representing a growth of 447.62% compared to the same period last year[8] - The company reported a net profit margin improvement, with net income for Q1 2023 expected to reflect the strong revenue growth[37] - Operating profit for Q1 2023 was ¥8,615,147.24, compared to a loss of ¥4,704,755.21 in Q1 2022, indicating a turnaround in profitability[41] - Net profit for Q1 2023 was ¥10,678,682.00, a substantial recovery from a net loss of ¥4,706,567.36 in the same period last year[41] - The company reported a total comprehensive income of ¥10,615,095.29 for Q1 2023, compared to a loss of ¥4,830,868.59 in Q1 2022[42] - Basic and diluted earnings per share for Q1 2023 were both ¥0.06, recovering from a loss of ¥0.02 per share in Q1 2022[39] Cash Flow and Liquidity - Net cash flow from operating activities surged by 3,444.67% to ¥61,970,798.13, driven by increased customer demand[9] - Operating cash inflow for Q1 2023 was CNY 181,425,629.45, a significant increase of 93.6% compared to CNY 93,682,564.49 in Q1 2022[43] - Cash and cash equivalents amounted to 476,751,582.03 CNY, up from 417,921,333.20 CNY, indicating an increase of about 14%[29] - Cash inflow from sales of goods and services was CNY 174,500,991.86 in Q1 2023, compared to CNY 85,819,708.49 in Q1 2022, representing a growth of 103.5%[43] - The net cash flow from financing activities was negative CNY 600,000.00 in Q1 2023, compared to a negative CNY 301,823.17 in Q1 2022, indicating higher cash outflows related to financing[45] Assets and Liabilities - Total assets increased by 14.92% to ¥819,762,805.33 compared to the end of last year[8] - The total liabilities to assets ratio (consolidated) increased to 39.17% from 31.46% year-on-year[8] - Current liabilities rose to ¥299,529,089.04, compared to ¥207,917,698.39 in the previous year, indicating an increase of 43.9%[31] - Non-current liabilities totaled ¥21,586,613.67, up from ¥16,471,609.31, marking a growth of 31.1%[31] - Contract liabilities rose by 155.93%, indicating strong customer demand and increased advance payments[10] - Contract liabilities surged to ¥174,724,730.71, up from ¥68,269,692.66, reflecting a substantial increase of 156.5%[31] Shareholder Information - The total number of shareholders holding more than 5% of shares is 5, with a combined holding of 88,565,000 shares, representing 53.62% of total shares[19] - The largest shareholder, 河南农业高新技术集团有限公司, holds 44,156,000 shares, accounting for 26.73% of total shares[19] Research and Development - The company received government subsidies for multiple R&D projects, contributing to a 32.89% increase in deferred income[10] - Research and development expenses for Q1 2023 were ¥1,587,229.65, slightly down from ¥1,641,027.99 in Q1 2022, indicating a focus on cost management[38] Operational Highlights - Total operating costs for Q1 2023 were ¥48,969,326.39, up from ¥28,942,479.33 in Q1 2022, reflecting an increase of approximately 69.2%[38] - The company experienced a credit impairment loss of ¥636,918.63 in Q1 2023, down from ¥755,335.10 in Q1 2022, suggesting improved credit quality[38] - The company plans to continue its market expansion and product development strategies to sustain growth momentum in the upcoming quarters[39] Other Financial Metrics - Non-recurring gains and losses for the period amounted to ¥2,592,012.80, reflecting various income sources including government grants[15] - Other income for Q1 2023 was reported at ¥340,940.89, compared to ¥364,144.54 in Q1 2022, showing a slight decrease[38] - Total cash outflow from investing activities was CNY 2,630,002.93, down from CNY 10,587,368.00 in Q1 2022, indicating a reduction in investment expenditures[45] - Total cash outflow from operating activities was CNY 119,454,831.32, an increase from CNY 91,934,284.75 in the previous year, indicating higher operational costs[45]
秋乐种业(831087) - 2023 Q1 - 季度财报