Financial Performance - Operating revenue for Q1 2023 was CNY 73,652,693.45, representing a growth of 23.66% year-on-year[10] - Net profit attributable to shareholders decreased by 8.32% to CNY 17,103,902.90 compared to the same period last year[10] - Basic earnings per share fell by 34.14% to CNY 0.28[11] - The company experienced a 49.61% decrease in net profit after deducting non-recurring gains and losses, totaling CNY 5,984,291.88[10] - Total operating revenue for Q1 2023 reached CNY 73,652,693.45, an increase of 23.7% compared to CNY 59,559,180.20 in Q1 2022[40] - Net profit for Q1 2023 was CNY 17,103,902.90, a decrease of 8.4% from CNY 18,674,189.03 in Q1 2022[42] - Earnings per share for Q1 2023 was CNY 0.28, down from CNY 0.41 in Q1 2022[42] - The total operating profit for Q1 2023 was CNY 7,513,373.94, down from CNY 19,921,147.25 in Q1 2022, reflecting a decline of approximately 62.3%[45] - The company reported a total profit of CNY 20,353,530.28 for Q1 2023, a slight decrease from CNY 21,715,297.25 in Q1 2022[45] Cash Flow and Liquidity - The net cash flow from operating activities decreased by 394.06% to -CNY 5,203,395.68[11] - Operating cash flow for Q1 2023 was negative at CNY -5,203,395.68, compared to a positive CNY 1,769,471.78 in Q1 2022[49] - The net cash flow from operating activities was -5,384,486.13 CNY, a decrease compared to 1,648,001.55 CNY in the previous year[52] - The total cash outflow from operating activities was 65,095,465.87 CNY, compared to 59,547,296.75 CNY last year[52] - The total cash and cash equivalents at the end of Q1 2023 reached CNY 208,703,472.43, compared to CNY 37,251,036.14 at the end of Q1 2022, indicating a significant increase[49] - The cash inflow from sales of goods and services was 46,566,896.51 CNY, a decrease from 52,179,625.75 CNY year-over-year[52] - The company received 13,144,083.23 CNY in other operating cash, an increase from 9,015,672.55 CNY in the previous year[52] - Cash paid to employees increased to 11,392,027.79 CNY from 7,266,446.75 CNY, indicating a rise in labor costs[52] - The company reported a significant increase in cash inflow from investment activities, primarily due to the recovery of investments amounting to 100,000,000.00 CNY[52] - The net increase in cash and cash equivalents for the period was 89,938,471.40 CNY, compared to 28,562,123.78 CNY in the previous year[52] Assets and Liabilities - Total assets increased by 7.64% to CNY 454,693,535.11 compared to the end of last year[10] - The company's asset-liability ratio increased to 18.13% from 15.92% at the end of last year[10] - Total liabilities increased to CNY 82.42 million as of March 31, 2023, compared to CNY 67.25 million at the end of 2022, indicating a growth of about 22.56%[34] - Current assets totaled CNY 403.59 million as of March 31, 2023, up from CNY 375.52 million at the end of 2022, representing an increase of about 7.48%[33] - Cash and cash equivalents decreased to CNY 118.28 million from CNY 208.70 million, a decline of approximately 43.29%[32] - Accounts receivable rose to CNY 129.85 million, up from CNY 96.05 million, marking an increase of about 35.33%[32] - Inventory increased to CNY 64.09 million from CNY 59.41 million, reflecting an increase of approximately 7.06%[32] - Shareholders' equity rose to CNY 372.28 million from CNY 355.17 million, an increase of approximately 4.83%[34] Shareholder Information - The total number of shares held by the top ten shareholders decreased from 49,942,671 to 48,927,326, representing a decline of 1,015,345 shares, which is approximately 2.03%[23] - The largest shareholder, Hu Xiaoyu, holds 19,815,000 shares, accounting for 32.17% of the total shares[23] - The total shareholding of shareholders with more than 5% ownership is 79.43%[23] Business Operations and Future Plans - The company plans to continue expanding its business and investing in new product development[16] - The company is focusing on expanding its market presence and enhancing product development strategies to drive future growth[33] Related Party Transactions and Commitments - The company has entered into a rental agreement with related party Hu Ruoyong for a monthly rent of RMB 12,500, with a total expected rental amount of RMB 37,500 for the year[28] - The company has applied for a loan of RMB 10 million from Bank of China, with assets pledged as collateral[28] - The actual amount of related party transactions matched the expected amount, indicating consistency in financial planning[28] - The company reported no significant litigation or arbitration matters during the reporting period[26] - There were no external guarantees or loans provided by the company during the reporting period[26] - The company has not experienced any asset seizures, freezes, or pledges during the reporting period[28] - The company has fulfilled all disclosed commitments without any violations during the reporting period[28] Research and Development - Research and development expenses for Q1 2023 were CNY 2,770,501.92, slightly down from CNY 2,973,378.68 in Q1 2022[41] - Deferred income tax assets increased to CNY 1,652,940.45 in Q1 2023, compared to CNY 1,496,771.74 in Q1 2022[37]
雅葆轩(870357) - 2023 Q1 - 季度财报