Financial Performance - Revenue for the first quarter decreased by 25.66% to CNY 55,012,966.22 from CNY 73,998,825.33 in the same period last year[10] - Net profit attributable to shareholders fell by 7.44% to CNY 4,084,195.27 compared to CNY 4,412,264.01 in the previous year[10] - Net profit after deducting non-recurring gains and losses decreased by 65.99% to CNY 1,276,745.37 from CNY 3,754,091.38 in the same period last year[11] - Total operating revenue for Q1 2023 was ¥55,012,966.22, a decrease of 25.5% compared to ¥73,998,825.33 in Q1 2022[44] - Net profit for Q1 2023 was ¥4,026,784.50, compared to ¥4,408,119.29 in Q1 2022, representing a decline of 8.6%[46] - The total comprehensive income for the period was 4,143,949.34, compared to 4,407,391.00 in the previous year[50] Assets and Liabilities - Total assets increased by 31.52% to CNY 337,790,860.90 compared to CNY 256,832,349.66 at the end of the previous year[10] - Current assets totaled CNY 307,413,287.17, an increase of 36.3% from CNY 225,506,251.22 at the end of 2022[36] - Total liabilities decreased to CNY 79,309,634.53 from CNY 114,099,184.39, a reduction of approximately 30.5%[38] - Total liabilities decreased to ¥79,378,777.18 in Q1 2023 from ¥114,195,583.07 in Q1 2022, a reduction of 30.5%[45] - The total assets increased to ¥338,324,147.48 in Q1 2023 from ¥257,241,877.88 in Q1 2022, an increase of 31.5%[45] Shareholder Information - Net assets attributable to shareholders rose by 81.12% to CNY 258,555,907.28 from CNY 142,750,435.41 at the end of the previous year[10] - The total number of ordinary shares increased to 78,962,050, with the number of shareholders reaching 5,851[17] - The total shareholding of the top ten shareholders amounts to 52,801,092 shares, representing 66.87% of the total shares[10] - The company has a total of 48,142,281 shares held by shareholders with over 5% ownership[10] - Total equity increased to ¥258,945,370.30 in Q1 2023 from ¥143,046,294.81 in Q1 2022, an increase of 81.5%[45] Cash Flow - Operating cash flow improved by 36.45%, reaching CNY -33,797,876.89 compared to CNY -53,187,299.66 in the previous year[11] - Cash inflow from operating activities amounted to 62,315,799.85, an increase from 53,606,975.30 year-over-year[51] - The net cash flow from operating activities was -33,797,876.89, improving from -53,187,299.66 in the same period last year[53] - The ending cash and cash equivalents balance was 29,520,873.62, up from 4,966,644.67 year-over-year[53] - The cash inflow from financing activities totaled 120,315,861.70, compared to 25,500,000.00 in the previous year[53] Market and Operational Insights - The gross margin for new orders declined due to a significant drop in lithium battery raw material prices, with lithium carbonate prices falling from CNY 600,000/ton to around CNY 200,000/ton[12] - The company received net fundraising of CNY 112 million from its IPO, contributing to the increase in net assets[12] - The company has projected a total of 550,000 CNY for daily related transactions in 2023, with specific amounts of 350,000 CNY and 200,000 CNY expected from two associated companies[27] - The company has reported a daily related transaction amount of 174,534 CNY against an estimated total of 550,000 CNY for 2023[27] Legal and Compliance - The company is involved in a lawsuit against Zhejiang Jinbake Plant Products Technology Co., Ltd. for a total claim of 171,400 CNY, with a court ruling requiring the defendant to pay 17,300 CNY in penalties and overdue fees[24] - The company reported a civil judgment requiring the return of specific assets to the defendant within ten days of the ruling[24] - The company has fulfilled its commitment obligations as disclosed in the 2022 annual report[28] - The company has not engaged in any external guarantees or loans during the reporting period[22] - The company has not reported any significant asset seizures or freezes during the reporting period[22] Research and Development - Research and development expenses for Q1 2023 were ¥1,745,773.63, compared to ¥2,405,639.85 in Q1 2022, a decrease of 27.4%[45] - Other income for Q1 2023 was ¥10,593.73, significantly lower than ¥337,576.93 in Q1 2022, a decline of 96.9%[45] - The company reported a credit impairment loss of ¥-72,825.98 in Q1 2023, compared to a gain of ¥228,532.32 in Q1 2022[45]
天宏锂电(873152) - 2023 Q1 - 季度财报