DAHAO TECHNOLOGY(SH:603025)2023-04-20 16:00Financial Performance - The total operating revenue for Q1 2023 was RMB 426,461,316.20, an increase of 7.2% compared to RMB 397,583,519.23 in Q1 2022[14] - The net profit attributable to shareholders of the parent company was RMB 72,843,698.02, down 8.6% from RMB 79,559,422.63 in the same period last year[14] - The diluted earnings per share decreased to RMB 0.08, a decline of 11.11% compared to the previous year[4] - The total comprehensive income for the period was ¥77,141,170.26, compared to ¥81,336,863.90 in the previous year[32] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥71,185,952.86, down by 9.73% year-on-year[18] - The net profit for Q1 2023 was ¥3,074,877.28, a decrease of 73.8% from ¥11,730,533.19 in Q1 2022[55] Assets and Liabilities - The total assets at the end of the reporting period were RMB 3,212,036,720.98, reflecting a 2.73% increase from RMB 3,126,526,740.15 at the end of the previous year[4] - The total liabilities and shareholders' equity amounted to RMB 3,212,036,720.98, showing a growth from RMB 3,126,526,740.15 year-over-year[14] - The total assets amounted to ¥2,266,560,791.18, showing a slight increase from ¥2,258,330,368.04 in the previous period[52] - The total liabilities and shareholders' equity totaled ¥2,266,560,791.18, consistent with the total assets[53] - The company's total liabilities were CNY 972,427,954.69, up from CNY 962,375,463.38 at the end of the previous year[46] Cash Flow - Cash flow from operating activities netted RMB 34,298,269.60, an increase from RMB 17,547,675.86 in Q1 2022[15] - The net cash flow from operating activities was CNY 6,561,278.86, down 86.7% from CNY 49,196,448.78 in the same period last year[40] - The company's cash inflow from investment activities was CNY 1,677,859.79, a significant improvement from a net outflow of CNY 31,764,711.78 in Q1 2022[40] - The company reported a net cash outflow from financing activities of CNY 21,689,699.23 in Q1 2023, compared to a net outflow of CNY 2,944,232.83 in the same period last year[50] Shareholder Information - The total number of common shareholders at the end of the reporting period was 51,455[23] - The company’s major shareholder increased their stake by acquiring an additional 2,961,111 shares, bringing their total ownership to 32.89%[9] - The controlling shareholder plans to increase its stake in the company by investing between ¥50 million and ¥100 million within six months starting from March 23, 2023[26] Research and Development - Research and development expenses for the quarter were RMB 46,357,872.19, up from RMB 44,433,644.87 in the same period last year[14] - Research and development expenses for Q1 2023 were ¥15,995,592.77, down 19.9% from ¥19,989,954.48 in Q1 2022[55] Inventory and Equity - The company's inventory as of March 31, 2023, was CNY 106,054,550.00, down from CNY 115,724,346.01 a year earlier, indicating a decrease of 8.5%[50] - The total equity attributable to shareholders increased to CNY 2,110,967,908.70 from CNY 2,037,847,891.42 at the end of 2022, representing a growth of 3.6%[46] - The total equity increased to ¥1,816,788,110.69 from ¥1,813,436,914.15, reflecting a growth in capital reserves[53] Other Financial Metrics - The weighted average return on equity was 3.51%, a decrease of 0.45 percentage points compared to the previous year[4] - The cash and cash equivalents at the end of Q1 2023 were CNY 930,199,076.59, compared to CNY 725,466,993.66 at the end of Q1 2022, reflecting an increase of 28.2%[50] - The company's short-term borrowings decreased to CNY 96,539,066.77 from CNY 111,319,797.90 at the end of 2022, reflecting a reduction of 13.3%[46] - The company terminated its major asset restructuring plan due to significant changes in the macroeconomic environment, which posed uncertainties for the transaction[28]