Financial Performance - Operating revenue for the first quarter of 2023 was CNY 62,320,479.99, representing a year-on-year increase of 16.32% from CNY 53,578,400.74 in the same period of 2022[11]. - Net profit attributable to shareholders for Q1 2023 was CNY 5,320,150.49, a decrease of 21.91% compared to CNY 6,813,246.75 in Q1 2022[13]. - Basic earnings per share for Q1 2023 were CNY 0.07, down 22.22% from CNY 0.09 in the same period last year[12]. - The weighted average return on equity based on net profit attributable to shareholders was 0.85% for Q1 2023, down from 1.19% in the same period last year[12]. - Total operating revenue for Q1 2023 reached ¥62,320,479.99, an increase of 16.5% compared to ¥53,578,400.74 in Q1 2022[72]. - Net profit for Q1 2023 was ¥5,375,077.22, a decrease of 20.1% from ¥6,726,388.46 in Q1 2022[73]. - Basic earnings per share for Q1 2023 were ¥0.07, down from ¥0.09 in Q1 2022[74]. Cash Flow and Liquidity - The net cash flow from operating activities for Q1 2023 was -CNY 43,932,112.28, worsening from -CNY 25,223,273.87 in Q1 2022, an increase in cash outflow of 74.17%[12]. - The company's cash and cash equivalents decreased to ¥82,552,802.08 from ¥123,306,549.29, representing a decline of approximately 33.0%[64]. - The ending cash and cash equivalents balance for Q1 2023 was CNY 82,552,802.08, down from CNY 207,906,508.60 in Q1 2022[79]. - The company reported a decrease in cash received from sales of goods and services, totaling CNY 41,089,188.71 in Q1 2023, compared to CNY 41,234,496.15 in Q1 2022[78]. - The company faced a substantial decrease in cash and cash equivalents, which may impact liquidity in the near term[81]. Assets and Liabilities - Total assets as of March 31, 2023, were CNY 904,619,023.14, an increase of 0.91% compared to CNY 896,439,422.84 at the end of 2022[11]. - The company's total liabilities to assets ratio was 29.93% for the consolidated entity, a slight improvement from 30.14% at the end of 2022[11]. - Total liabilities stood at ¥270,738,987.93, a slight increase from ¥270,152,531.79, reflecting a growth of about 0.22%[65]. - Shareholders' equity totaled ¥633,880,035.21, up from ¥626,286,891.05, indicating an increase of approximately 1.0%[66]. - Long-term borrowings increased to ¥62,041,005.56 from ¥42,041,005.56, reflecting a significant rise of approximately 47.6%[65]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 9,947[17]. - The total equity held by major shareholders or the top ten shareholders amounts to 42,501,650, representing 55.40% of the total equity[20]. - The company has implemented a stock incentive plan on July 18, 2022, targeting 51 individuals including directors, senior management, and key employees[25]. Commitments and Compliance - The company commits to not transferring shares held by major shareholders until the stabilization measures are fully implemented[43]. - Major shareholders must publicly explain any violations of share reduction commitments and apologize to investors[39]. - The company guarantees that the public offering prospectus and other disclosure materials do not contain false records, misleading statements, or significant omissions, taking legal responsibility for their authenticity and completeness[48]. - The company will take measures to compensate public investors for direct losses incurred due to reliance on the company's commitments, with compensation amounts determined through negotiation or regulatory authority[53]. - The commitments made by the company will remain effective as long as it holds direct or indirect control over the company[58]. Investment and Growth Strategies - The company aims to enhance operational efficiency and control costs to improve profitability and shareholder returns[44]. - The company plans to accelerate investment in fundraising projects to achieve expected benefits sooner and reduce dilution risks[45]. - The company will implement measures to enhance employee motivation and attract talent to improve overall performance[44]. - The company commits to improving its compensation system to align with the requirements for replenishing diluted immediate returns[47].
科达自控(831832) - 2023 Q1 - 季度财报