New Hongtai(SH:603016)2023-04-19 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥145,512,370.21, a decrease of 0.52% compared to the same period last year[5] - Net profit attributable to shareholders was ¥14,799,741.58, an increase of 34.38% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥13,225,456.30, up by 35.16% compared to the previous year[5] - The net cash flow from operating activities was ¥21,790,578.69, reflecting a growth of 38.07%[5] - Basic earnings per share were ¥0.10, representing a 42.86% increase[6] - The weighted average return on equity was 1.82%, an increase of 0.43 percentage points from the end of the previous year[6] - The company reported an increase in other income to CNY 1,340,958.19 in Q1 2023, compared to CNY 904,450.01 in Q1 2022, reflecting a growth of 48.2%[17] - The net profit for Q1 2023 was CNY 15,226,803.87, an increase of 19.9% compared to CNY 12,694,561.00 in Q1 2022[18] - The operating profit for Q1 2023 reached CNY 17,741,689.78, up from CNY 14,498,075.46 in the same period last year, reflecting a growth of 22.5%[18] - The company reported a total profit of CNY 17,514,882.90 for Q1 2023, compared to CNY 14,489,967.40 in Q1 2022, indicating a year-over-year increase of 20.9%[18] - The company’s total comprehensive income for Q1 2023 was CNY 15,226,803.87, up from CNY 12,694,561.00 in Q1 2022, showing a growth of 19.9%[18] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,033,304,471.68, a slight decrease of 0.03% from the previous year[6] - Cash and cash equivalents increased to CNY 414,000,367.72 as of March 31, 2023, up from CNY 328,896,277.97 at the end of 2022, marking a growth of 25.8%[14] - Accounts receivable stood at CNY 168,394,249.37, a slight increase of 1.1% from CNY 165,540,724.25 at the end of 2022[14] - Inventory decreased to CNY 124,305,413.17 from CNY 130,192,278.27, reflecting a reduction of 4.3%[15] - Total assets as of March 31, 2023, were CNY 1,033,304,471.68, a marginal decrease from CNY 1,033,649,253.94 at the end of 2022[17] - Total liabilities decreased to CNY 175,089,573.97 from CNY 190,661,160.10, indicating a reduction of 8.2%[16] Shareholder Information - The company reported a total of 10,317 common shareholders at the end of the reporting period[11] - The top three shareholders held a combined 45.63% of the company's shares, with the largest shareholder owning 17.72%[11] Operating Costs and Revenue - Total operating revenue for Q1 2023 was CNY 145,512,370.21, a slight decrease of 0.52% compared to CNY 146,267,507.59 in Q1 2022[17] - Total operating costs for Q1 2023 were CNY 129,252,532.44, down 2.3% from CNY 132,294,362.62 in Q1 2022[17] - Gross profit for Q1 2023 was CNY 16,259,837.77, representing a gross margin of approximately 11.16%[17] - The company experienced an increase in sales revenue from higher-margin products, contributing to the growth in net profit[9] Cash Flow - Cash flow from operating activities generated a net amount of CNY 21,790,578.69 in Q1 2023, compared to CNY 15,781,899.39 in Q1 2022, representing a growth of 37.9%[20] - The total cash inflow from investment activities in Q1 2023 was CNY 111,267,533.63, while cash outflow was CNY 47,085,407.52, resulting in a net cash flow of CNY 64,182,126.11, a significant improvement from a negative cash flow of CNY 16,562,041.75 in Q1 2022[21] - The total cash and cash equivalents at the end of Q1 2023 amounted to CNY 413,186,989.61, an increase from CNY 343,168,108.13 at the end of Q1 2022[21] - The company’s operating cash inflow for Q1 2023 was CNY 134,904,331.81, compared to CNY 119,018,338.21 in Q1 2022, reflecting a growth of 13.3%[20] Credit and Asset Quality - The company experienced a decrease in credit impairment losses, reporting CNY -2,243,484.48 in Q1 2023 compared to CNY -1,260,564.51 in Q1 2022, indicating improved asset quality[18]