Financial Performance - Net profit attributable to shareholders for Q1 2023 was CNY 6,145,705.81, representing a 25.10% increase year-over-year[10] - Operating revenue for Q1 2023 was CNY 70,673,548.81, showing a slight increase of 0.91% compared to the same period last year[10] - Operating profit for Q1 2023 was ¥5,798,674.98, up from ¥4,466,197.62 in Q1 2022, representing a growth of approximately 29.8%[42] - Net profit for Q1 2023 amounted to ¥5,575,294.44, compared to ¥4,623,217.17 in Q1 2022, showing an increase of around 20.6%[42] - Total comprehensive income amounted to ¥4,992,807.40, up from ¥292,793.18, reflecting overall financial growth[47] Assets and Liabilities - Total assets as of March 31, 2023, were CNY 815,263,744.66, a decrease of 0.36% compared to the end of the previous year[10] - The company’s total assets decreased from ¥818,170,869.65 to ¥815,263,744.66, a decline of about 0.2%[34] - Total liabilities decreased from ¥69,673,590.70 to ¥59,888,666.17, a reduction of approximately 13.9%[35] - The company’s total equity increased from ¥748,497,278.95 to ¥755,375,078.49, reflecting a growth of about 0.9%[35] - Total liabilities decreased to ¥49,905,625.68 from ¥51,676,743.72, indicating a reduction of approximately 3.6%[39] Cash Flow - The net cash flow from operating activities improved by 64.76% year-over-year, amounting to CNY -9,604,904.95[11] - Cash flow from operating activities showed a net outflow of ¥9,604,904.95, an improvement from a net outflow of ¥27,255,236.94 in the same period last year[49] - The company reported a decrease in cash and cash equivalents from ¥384,692,690.39 on December 31, 2022, to ¥332,540,975.85 on March 31, 2023, representing a decline of approximately 13.6%[33] - The company reported a decrease in cash and cash equivalents by ¥52,151,714.54, compared to a decrease of ¥8,647,956.76 in the prior year[50] - The ending balance of cash and cash equivalents was $316.1 million, down from $354.6 million at the beginning of the period[53] Shareholder Information - The total number of ordinary shares remained stable at 180,205,900, with no changes during the reporting period[17] - The company reported a total of 125,309,789 shares held by the top ten shareholders, representing 69.54% of total shares[21] - Liu Tiebin is the largest shareholder with 86,214,900 shares, accounting for 47.84% of total shares[20] - The company has no outstanding preferred shares as of the reporting period[23] Government Support and Subsidies - The company received a government subsidy of CNY 3,000,000 during the reporting period, contributing to the net profit growth[12] Litigation and Commitments - There are ongoing litigation matters involving a construction contract dispute with a total claim amount of 16.25 million RMB for penalties and overpayments[26] - The company is currently awaiting a court decision regarding the ongoing litigation[27] - The company has fulfilled its commitment obligations as disclosed in previous announcements[25] Research and Development - Research and development expenses for Q1 2023 were ¥3,439,668.91, compared to ¥2,683,261.03 in Q1 2022, representing an increase of approximately 28.2%[42] - R&D expenses increased to ¥686,109.94 from ¥505,287.80, reflecting a significant investment in innovation[46] Operational Challenges - The gross margin for the subsidiary Cangzhou Lanrun decreased from 22.39% to 9.2%, leading to increased losses for the subsidiary[12] - The company reported a decrease in sales revenue of CNY 4,100,000 for the subsidiary Green Heng Corn due to product iteration issues[12]
绿亨科技(870866) - 2023 Q1 - 季度财报