Financial Performance - Operating revenue for Q1 2023 was CNY 57,312,887.66, down 11.78% from CNY 64,968,547.78 in Q1 2022[10] - Net profit attributable to shareholders for Q1 2023 was CNY 1,255,490.52, a decline of 83.70% compared to CNY 7,704,735.02 in the same period last year[10] - Basic earnings per share for Q1 2023 were CNY 0.03, down 83.70% from CNY 0.16 in Q1 2022[11] - Total operating revenue for Q1 2023 was CNY 57,312,887.66, a decrease of 11.5% compared to CNY 64,968,547.78 in Q1 2022[39] - Net profit for Q1 2023 was CNY 1,255,490.52, down 83.7% from CNY 7,704,735.02 in Q1 2022[41] - Basic earnings per share decreased to 0.07 CNY from 0.13 CNY year-over-year[45] - The total comprehensive income for the period was 3,549,464.63 CNY, compared to 6,221,997.78 CNY in the previous year, reflecting a decrease[45] Cash Flow - Cash flow from operating activities for Q1 2023 was a net outflow of CNY 7,265,114.53, an increase of 115.12% compared to the outflow of CNY 3,377,316.23 in Q1 2022[10] - Operating cash inflows from sales of goods and services were 68,474,288.02 CNY, down from 103,041,386.62 CNY in the same period last year, representing a decline of approximately 33.6%[46] - The net cash flow from operating activities was -7,265,114.53 CNY, worsening from -3,377,316.23 CNY year-over-year[46] - The net cash flow from investing activities was -10,829,595.18 CNY, compared to -26,415,189.50 CNY in the previous year, showing an improvement[47] - Cash inflows from financing activities totaled 3,200,000.00 CNY, down from 16,164,203.61 CNY, indicating a significant decrease of approximately 80.2%[47] - The ending cash and cash equivalents balance was 18,638,488.63 CNY, a decrease from 72,870,309.67 CNY year-over-year[47] - The company experienced a net decrease in cash and cash equivalents of -20,260,817.99 CNY, compared to -18,806,551.16 CNY in the previous year[47] - The company reported a net cash flow from operating activities of 408,116.11 CNY, a recovery from -1,323,827.30 CNY in the same period last year[49] Assets and Liabilities - Total assets as of March 31, 2023, were CNY 436,613,804.07, a decrease of 4.13% compared to the end of 2022[10] - Cash and cash equivalents at the end of the reporting period were CNY 18,638,488.63, down 52.60% from the end of the previous year[12] - The company's total liabilities to assets ratio (consolidated) decreased to 28.98% from 32.18% year-on-year[10] - Total liabilities decreased to CNY 123,601,139.79 in the latest report from CNY 140,261,167.40[37] - Total equity increased to CNY 302,300,822.40 from CNY 298,779,535.38 year-over-year[37] - Total non-current assets increased to ¥273,106,494.69 from ¥268,001,943.71, reflecting a growth of 1.17%[32] - Total liabilities decreased to ¥126,539,276.73 from ¥146,553,340.77, a decline of 13.66%[33] - Total equity increased to ¥310,074,527.34 from ¥308,847,214.43, showing a growth of 0.40%[33] Expenses - The company reported a significant increase in sales expenses by 47.21% to CNY 1,591,747.88 due to higher international exhibition costs[12] - Research and development expenses for Q1 2023 were CNY 2,027,671.80, down from CNY 3,063,699.58 in Q1 2022, indicating a reduction in R&D investment[40] - Total operating costs for Q1 2023 were CNY 57,166,104.10, slightly up from CNY 57,122,519.61 in Q1 2022[39] Other Information - The company is currently involved in two ongoing lawsuits, with claims amounting to 285,396 and 140,000, which are not expected to have a significant adverse impact on operations[24] - The company has disclosed a commitment to regular related transactions for 2023, which was approved in a board meeting on April 13, 2023[25] - The company has pledged assets for bank loans, including properties located in Huai'an Economic and Technological Development Zone[27] - The company has no outstanding preferred stock issues and has not engaged in any share buyback activities[21] - The company’s major shareholders include Ma Jinxing and Dong Lanbo, who are related as spouses and hold significant stakes in the company[20] - The company’s total assets are subject to certain pledges, which were approved in board meetings held in 2021 and 2020[27] - The company has not reported any significant external guarantees or loans during the reporting period[23] - The company’s financial statements have not been audited for this reporting period[30]
威博液压(871245) - 2023 Q1 - 季度财报