Financial Performance - Operating revenue for Q1 2023 was CNY 108,762,814.62, representing a growth of 46.48% year-on-year[11]. - Net profit attributable to shareholders for Q1 2023 was CNY 17,566,208.21, up 28.64% from the same period last year[11]. - The company's equity increased to ¥612,856,266.64 from ¥594,592,909.16, reflecting a growth of about 3.1%[35]. - Net profit for Q1 2023 reached 14,218,524.30, up 33.5% from 10,611,348.06 in Q1 2022[46]. - Total operating revenue for Q1 2023 reached ¥108,762,814.62, a significant increase from ¥74,251,187.16 in Q1 2022, representing a growth of approximately 46.4%[41]. - The total comprehensive income for Q1 2023 was 14,218,524.30, compared to 10,611,348.06 in Q1 2022[47]. Cash Flow - The company's cash flow from operating activities showed a net outflow of CNY 70,195,527.25, a significant decrease compared to a net inflow of CNY 1,878,313.62 in the previous year[11][15]. - The net cash flow from operating activities for Q1 2023 was -70,195,527.25, compared to a positive cash flow of 1,878,313.62 in Q1 2022[48]. - Cash inflow from operating activities was $32.31 million, compared to $19.40 million last year[51]. - Cash outflow for operating activities totaled $96.11 million, a significant increase from $12.99 million previously[51]. - Cash flow from investment activities in Q1 2023 was 27,119,458.52, a substantial increase from 3,434,471.86 in Q1 2022[49]. - Total cash inflow from investment activities was $131.02 million, significantly up from $3.02 million year-over-year[51]. - Net cash flow from investment activities was $29.54 million, a recovery from -$0.05 million previously[51]. Assets and Liabilities - Total assets as of March 31, 2023, reached CNY 864,912,688.69, an increase of 4.74% compared to the end of 2022[11]. - The total liabilities to total assets ratio (consolidated) was 29.14%, slightly up from 28.00% at the end of 2022[11]. - Total liabilities rose to ¥252,056,422.05 from ¥231,175,583.83, which is an increase of approximately 9.0%[35]. - The company's total liabilities as of the latest reporting period amounted to ¥173,009,050.49, an increase from ¥151,410,090.34 in the previous period, representing a growth of approximately 14.3%[39]. - The company has pledged assets totaling 102,414,485.09 CNY, which represents 11.84% of total assets[30]. Shareholder Information - The total share capital stands at 92,300,000 shares, with 5,050 common shareholders[20]. - The largest shareholder, Wang Laifu, holds 58,220,000 shares, accounting for 63.08% of total shares[23]. - The company has a total of 840,000 core employees, representing a 0.91% increase[20]. Research and Development - Research and development expenses for Q1 2023 were ¥5,103,698.39, compared to ¥4,078,017.33 in Q1 2022, indicating an increase of approximately 25.1%[42]. - The company provided an interest-free loan of 28 million CNY to its wholly-owned subsidiary for the upgrade of the R&D center[27]. Other Financial Metrics - The gross profit margin decreased due to a 62.88% increase in operating costs, which totaled CNY 83,191,500.00 for the quarter[14]. - The company's financial expenses decreased by 355.75% to CNY -19,650.00, primarily due to reduced bank loan interest[14]. - Basic earnings per share for Q1 2023 were ¥0.19, slightly down from ¥0.20 in Q1 2022[43]. - The company reported a financial expense of -¥196,461.38 in Q1 2023, a decrease from ¥76,818.22 in Q1 2022, reflecting improved financial management[42]. Corporate Governance - The company has no ongoing litigation or arbitration matters during the reporting period[26]. - The company has fulfilled all disclosed commitments without any violations during the reporting period[29]. - The company confirmed a net non-recurring profit of CNY 2,882,977.90 for the period, influenced by government subsidies and other factors[17]. - The company has successfully implemented its 2021 equity incentive plan, granting 1,000,000 shares to 21 individuals[29].
惠丰钻石(839725) - 2023 Q1 - 季度财报