Financial Performance - Net profit attributable to shareholders decreased by 16.86% to CNY 17,621,815.69 from CNY 21,196,214.56 in the same period last year[9] - Operating revenue rose by 30.64% to CNY 162,204,208.91 compared to CNY 124,159,285.87 in the previous year[9] - Net profit for Q1 2023 was CNY 18,587,070.01, down from CNY 23,089,465.40 in Q1 2022, reflecting a decline of approximately 19.5%[42] - Operating revenue for Q1 2023 reached CNY 162,204,208.91, an increase of 30.7% compared to CNY 124,159,285.87 in Q1 2022[41] - Basic earnings per share decreased to CNY 0.12 in Q1 2023 from CNY 0.15 in Q1 2022, a decline of 20%[42] - The company reported a total profit of ¥16,128,364.13 for Q1 2023, down 55.0% from ¥35,913,681.14 in Q1 2022[44] Assets and Liabilities - Total assets increased by 15.02% to CNY 1,244,504,172.96 compared to the end of last year[9] - The company's total equity attributable to shareholders increased by 23.06% to CNY 911,895,589.15 compared to CNY 740,988,062.30 at the end of last year[9] - The debt-to-asset ratio decreased to 21.28% from 25.35% year-on-year, indicating improved financial stability[9] - The company's total liabilities decreased to CNY 264,875,609.85 from CNY 274,264,024.51, a reduction of approximately 3%[33] - The company's total equity rose to CNY 850,936,906.65 as of March 31, 2023, up from CNY 683,240,216.74 at the end of 2022, an increase of approximately 24.5%[38] Cash Flow - The net cash flow from operating activities increased by 302.85% to CNY 18,854,840.64, significantly improving from a negative cash flow of CNY -9,294,923.24 last year[9] - Cash and cash equivalents surged to CNY 193,207,035.46 as of March 31, 2023, from CNY 39,954,511.51 at the end of 2022, indicating a significant increase of approximately 384.5%[36] - Cash flow from operating activities generated a net amount of ¥18,854,840.64, a recovery from a negative cash flow of ¥-9,294,923.24 in Q1 2022[48] - The net cash flow from financing activities for Q1 2023 was ¥157,478,792.38, a recovery from a negative cash flow of ¥-11,412,074.87 in Q1 2022[49] Shareholder Information - The number of ordinary shareholders increased to 17,822, reflecting growing investor interest[17] - The company reported a total shareholding of 109,567,796 shares, representing 66.18% of the total shares, with significant shareholders including Bi Shengmin and Bi Yiming[19] Research and Development - Research and development expenses increased due to heightened investment in Eastern magnesium industry[11] - Research and development expenses increased to CNY 6,846,308.11 in Q1 2023, compared to CNY 3,232,273.89 in Q1 2022, representing a growth of about 111.5%[41] - Research and development expenses increased to ¥6,019,315.94, representing an 86.5% rise from ¥3,232,273.89 in the same period last year[44] Commitments and Compliance - The company has ongoing commitments to avoid competition and not occupy company funds, which are currently being fulfilled[25] - The company has disclosed commitments regarding dividend distribution and the accuracy of its reporting documents, which are also being fulfilled[25] - The company has a commitment to reduce and regulate related transactions, which is currently being fulfilled[25] - The company has a commitment to stabilize its stock price and ensure the accuracy and completeness of its financial disclosures, which is being adhered to[25] Government Support - The company received a government subsidy of CNY 100,000 related to green mining initiatives[11] Market Activities - The company expects to sell refractory materials to related party Nanfang Mining International Trade Co., Ltd. for an amount not exceeding 100 million yuan, with actual transactions amounting to 18,553,694.40 yuan in the current period[24] - The company is actively pursuing strategies for market expansion and new product development, although specific figures were not disclosed in the conference call[26]
东和新材(839792) - 2023 Q1 - 季度财报