Financial Performance - Total revenue for Q1 2023 reached ¥157,882,604.46, representing a 133.76% increase compared to ¥67,541,684.79 in Q1 2022[11] - Net profit attributable to shareholders for Q1 2023 was ¥8,265,736.32, a significant increase of 5,030.32% from ¥161,115.39 in the same period last year[11] - The basic earnings per share for Q1 2023 was ¥0.1288, a remarkable increase of 3,727.32% from ¥0.0034 in Q1 2022[12] - Operating profit for Q1 2023 was ¥7,697,800.39, a turnaround from an operating loss of ¥976,600.29 in Q1 2022[39] - The company reported a comprehensive income total of ¥9,753,722.69 for Q1 2023, compared to ¥39,042.73 in Q1 2022, showing a significant improvement[40] - The company’s total profit for Q1 2023 was ¥7,775,723.16, a significant recovery from a loss of ¥980,351.72 in Q1 2022[39] Cash Flow and Liquidity - The net cash flow from operating activities improved to ¥39,791,500.31, marking an 880.91% increase compared to -¥5,095,512.98 in Q1 2022[12] - Operating cash inflow for Q1 2023 reached ¥193,686,625.61, a significant increase from ¥99,000,840.19 in Q1 2022, representing a growth of approximately 95.7%[44] - Cash and cash equivalents at the end of Q1 2023 amounted to ¥183,646,434.83, a significant increase from ¥35,425,854.61 at the end of Q1 2022[46] - The company reported a net cash inflow of ¥38,759,801.05 for Q1 2023, contrasting with a net outflow of ¥24,787,005.77 in Q1 2022[46] - Cash inflow from investment activities totaled ¥22,854,519.08 in Q1 2023, up from ¥5,012,057.20 in Q1 2022, marking a growth of approximately 356.5%[46] - Total cash outflow from financing activities decreased to ¥4,415,561.21 in Q1 2023 from ¥13,532,822.34 in Q1 2022, indicating improved cash management[46] Assets and Liabilities - The company's total assets as of March 31, 2023, were ¥351,805,575.43, a slight decrease of 0.6% from ¥353,923,903.84 at the end of 2022[11] - The debt-to-asset ratio for the consolidated entity decreased to 24.20% from 27.41% at the end of 2022[11] - Current liabilities decreased from CNY 97,001,902.87 to CNY 85,129,851.77, reflecting a reduction of approximately 12.5%[32] - Total liabilities remained stable at CNY 85,129,851.77 compared to CNY 97,001,902.87, indicating a strategic reduction in debt levels[32] Inventory and Receivables - The company reported a significant increase in the inventory turnover rate, enhancing the ability to convert inventory into cash[15] - Inventory levels decreased to 74,068,967.00 RMB from 88,243,471.98 RMB, reflecting better inventory management[30] - Accounts receivable decreased to 46,513,607.11 RMB from 64,146,837.63 RMB, indicating improved collection efficiency[30] Operational Developments - The company experienced an increase in backlogged orders compared to the same period last year, contributing to the revenue growth[14] - The company plans to continue expanding its market presence and developing new products to drive future growth[27] - Research and development expenses for Q1 2023 totaled ¥8,872,330.30, slightly up from ¥8,320,886.59 in Q1 2022, reflecting continued investment in innovation[39] Other Financial Metrics - Non-recurring gains and losses for the period totaled ¥715,661.01, with a net amount of ¥587,710.97 after tax[18] - The company incurred financial expenses of ¥3,831,773.00 in Q1 2023, a notable increase from ¥965,011.36 in Q1 2022, primarily due to higher interest expenses[39] - Other comprehensive income after tax for Q1 2023 was ¥1,487,986.37, compared to a loss of ¥122,072.66 in Q1 2022, indicating improved financial health[40] - The company has no ongoing litigation or arbitration matters, ensuring a stable operational environment[26] - There are no overdue commitments from the company, indicating compliance with all disclosed commitments[27] - The company has not engaged in any significant mergers or acquisitions during the reporting period[26]
慧为智能(832876) - 2023 Q1 - 季度财报