Financial Performance - Operating revenue for the first quarter of 2023 was ¥176,966,300.43, representing a growth of 24.21% from ¥142,473,203.10 in the same period last year[14] - Net profit attributable to shareholders for the first quarter of 2023 was ¥32,740,256.88, an increase of 18.07% compared to ¥27,730,101.11 in the previous year[14] - The company's basic earnings per share for the first quarter of 2023 was ¥0.36, up 16.13% from ¥0.31 in the same period last year[14] - Total operating revenue for Q1 2023 reached ¥176,966,300.43, an increase of 24.2% compared to ¥142,473,203.10 in Q1 2022[48] - Net profit for Q1 2023 was ¥32,740,256.88, representing a 17.9% increase from ¥27,730,101.11 in Q1 2022[50] - The company's net profit for Q1 2023 reached CNY 32,199,411.79, an increase of 19.8% compared to CNY 27,053,784.41 in Q1 2022[52] - Total revenue from operating activities amounted to CNY 206,496,089.95, compared to CNY 189,494,448.61 in the previous year, indicating an increase of 9.0%[54] - The total comprehensive income for Q1 2023 was CNY 32,199,411.79, compared to CNY 27,053,784.41 in Q1 2022, reflecting a growth of 19.8%[53] Cash Flow - The net cash flow from operating activities increased by 211.92% to ¥62,598,465.33, up from ¥20,068,879.89 in the same period last year[14] - The company reported a net cash flow from operating activities of CNY 62,598,465.33, significantly higher than CNY 20,068,879.89 in Q1 2022[54] - The cash and cash equivalents at the end of Q1 2023 were CNY 186,715,746.72, up from CNY 67,808,287.64 in Q1 2022, representing a growth of 174.5%[55] - Net cash flow from investing activities was negative at -$3,568,467.85, an improvement from -$23,521,821.21[57] - The net increase in cash and cash equivalents was $58,489,056.62, compared to a decrease of -$4,213,786.98 in the previous period[57] Assets and Liabilities - Total assets as of March 31, 2023, reached ¥833,627,512.38, an increase of 8.94% compared to ¥765,205,859.86 at the end of 2022[14] - The company's total liabilities as of March 31, 2023, were CNY 225,314,839.13, compared to CNY 189,635,686.67 at the end of 2022, indicating an increase of about 18.8%[42] - The total equity attributable to shareholders increased to CNY 608,312,673.25 as of March 31, 2023, up from CNY 575,570,173.19 at the end of 2022, representing a growth of approximately 5.7%[42] - Total assets as of the end of the reporting period were ¥837,648,542.91, an increase from ¥769,767,831.25 at the end of the previous period[46] - Total liabilities increased to ¥236,559,105.17 from ¥200,880,048.48, reflecting a growth of 17.8%[46] - Total equity rose to ¥601,089,437.74, up from ¥568,887,782.77, indicating a growth of 5.6%[46] Shareholder Information - The total number of unrestricted shares decreased from 52,865,861 (58.73%) to 51,813,635 (57.57%), a reduction of 1,052,226 shares[25] - The total number of restricted shares increased from 37,142,857 (41.27%) to 38,195,083 (42.43%), an increase of 1,052,226 shares[25] - The total share capital remains unchanged at 90,008,718 shares[25] - The number of shareholders holding common stock is 5,417[25] - The largest shareholder, Hunan Wuxin Investment Co., Ltd., holds 30,000,000 shares, representing 33.33% of the total shares[26] - Hunan Shenghe Investment Co., Ltd. holds 9,311,030 shares, accounting for 10.34% of the total shares[27] - Hunan Zhongtie Wuxin Heavy Industry Co., Ltd. holds 7,142,857 shares, which is 7.94% of the total shares[27] - The total number of shares held by the top ten shareholders is 58,415,713, representing 64.90% of the total shares[28] Investments and Development - The company is currently constructing a research and development testing center, which has contributed to a 332.24% increase in construction in progress[17] - Research and development expenses for Q1 2023 were ¥7,427,114.45, compared to ¥6,890,877.62 in Q1 2022, marking a 7.8% increase[49] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[48] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[52] Legal and Compliance - There are no significant legal disputes or external guarantees reported during the period[32] - The company has not engaged in any share repurchase activities during the reporting period[32] - The company is currently involved in several legal disputes, including a case against Xinjiang Heanda Construction Engineering Co., Ltd. for CNY 693,183.00, which has been resolved in favor of the company[34] - The company has committed to fulfilling its obligations as outlined in its public offering documents, ensuring compliance with regulatory requirements[35] - The company has reported that the proportion of restricted assets is small and does not adversely affect its operations, indicating a stable financial position[36]
五新隧装(835174) - 2023 Q1 - 季度财报