BVEA(SH:600379)2023-04-21 16:00Financial Performance - The company's operating revenue for Q1 2023 reached ¥360,197,624.65, representing a year-on-year increase of 33.65%[2] - The net profit attributable to shareholders of the listed company was ¥9,321,096.19, up 38.04% compared to the same period last year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥8,506,165.02, reflecting a 47.24% increase year-on-year[2] - The basic earnings per share for the period was ¥0.0282, an increase of 38.24% from the previous year[2] - Total revenue for Q1 2023 reached ¥360,197,624.65, a 33.7% increase from ¥269,500,507.18 in Q1 2022[13] - Net profit for Q1 2023 was ¥11,379,234.42, representing a 67.5% increase compared to ¥6,794,549.63 in Q1 2022[14] - Earnings per share for Q1 2023 was ¥0.0282, up from ¥0.0204 in Q1 2022[15] Cash Flow and Liquidity - The net cash flow from operating activities was -¥108,725,535.63, a decrease of 353.65% year-on-year, primarily due to increased cash outflows from maturing notes payable[5] - Cash inflow from operating activities was ¥170,019,943.15 in Q1 2023, slightly down from ¥172,300,798.13 in Q1 2022[15] - The net cash flow from operating activities was -$108.73 million, a decrease from $42.86 million in the previous year[16] - The ending balance of cash and cash equivalents was $290.80 million, down from $318.13 million last year[16] - The company experienced a foreign exchange impact of -$238,058.32 on cash and cash equivalents[16] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,437,972,363.59, down 4.26% from the end of the previous year[2] - The company's cash and cash equivalents decreased to RMB 327,341,813.54 from RMB 443,301,425.54, representing a decline of about 26.2%[10] - Accounts receivable increased significantly to RMB 368,995,022.79 from RMB 226,536,443.33, marking an increase of approximately 62.8%[10] - Inventory rose to RMB 224,745,599.20, up from RMB 168,997,419.28, indicating an increase of around 33.0%[10] - Total current liabilities decreased to RMB 710,620,307.83 from RMB 783,842,996.22, a reduction of about 9.3%[11] - Total liabilities decreased to ¥748,362,677.89 in Q1 2023 from ¥824,493,610.68 in Q1 2022[12] - The total non-current liabilities, including lease liabilities, amounted to RMB 12,904,949.55, down from RMB 14,842,664.28, reflecting a decrease of approximately 13.0%[11] Shareholder Equity - The equity attributable to shareholders of the listed company was ¥659,333,405.85, an increase of 1.53% compared to the end of the previous year[2] - Total equity attributable to shareholders increased to ¥659,333,405.85 in Q1 2023 from ¥649,389,974.54 in Q1 2022[12] Expenses - Operating costs for Q1 2023 were ¥348,644,223.00, up 32.6% from ¥263,040,270.26 in Q1 2022[13] - Research and development expenses increased to ¥10,869,209.21 in Q1 2023, a 32.0% rise from ¥8,242,528.62 in Q1 2022[14] - Sales expenses rose to ¥9,814,577.44 in Q1 2023, compared to ¥7,474,650.62 in Q1 2022[14] - The company reported a decrease in financial expenses, with a net financial cost of -¥567,093.34 in Q1 2023, compared to -¥180,772.04 in Q1 2022[14] Government Support - The company received government subsidies amounting to ¥770,280.00, which were included in the current period's profit and loss[4] Other Information - The company has not disclosed any significant new product developments or market expansion strategies during this reporting period[9] - The company has not adopted new accounting standards or interpretations for the current year[16]