HUALI(SH:603038)2023-04-26 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥150,072,701.50, representing a decrease of 17.62% compared to the same period last year[3]. - Net profit attributable to shareholders was ¥7,975,416.87, with a significant increase in net profit excluding non-recurring gains and losses of 683.52% to ¥3,489,176.14[3][5]. - The net profit for Q1 2023 was CNY 8,610,410.80, a significant recovery from a net loss of CNY 1,492,429.63 in Q1 2022[15]. - Operating profit reached CNY 9,178,525.47, compared to an operating loss of CNY 3,003,299.91 in the same period last year[15]. - Total comprehensive income amounted to CNY 7,401,437.27, recovering from a loss of CNY 555,220.00 in Q1 2022[16]. - The company reported a net profit margin of approximately 0.76% for Q1 2023, compared to 1.0% in Q1 2022[14]. - Basic and diluted earnings per share were both CNY 0.04, compared to a loss of CNY 0.01 per share in the previous year[16]. - The total revenue from sales of goods and services was CNY 173,764,642.30, down from CNY 262,969,857.63 in Q1 2022[16]. Cash Flow and Assets - The net cash flow from operating activities was negative at -¥19,603,403.30[3]. - Cash flow from operating activities showed a net outflow of CNY 19,603,403.30, slightly worse than the outflow of CNY 17,617,558.70 in Q1 2022[16]. - Cash flow from investing activities resulted in a net outflow of CNY 120,852,331.02, compared to an outflow of CNY 54,819,424.06 in the same quarter last year[19]. - Cash flow from financing activities generated a net inflow of CNY 33,210,031.48, a recovery from a net outflow of CNY 28,694,804.05 in Q1 2022[19]. - Cash and cash equivalents decreased to CNY 127,222,956.19 as of March 31, 2023, from CNY 243,510,387.87 at the end of 2022[10]. - Total assets at the end of the reporting period were ¥2,002,827,581.93, a decrease of 1.50% from the end of the previous year[3]. - Total assets as of March 31, 2023, were CNY 2,002,827,581.93, a slight decrease from CNY 2,033,305,559.15 at the end of 2022[12]. - The total assets at the end of Q1 2023 were CNY 127,036,786.55 in cash and cash equivalents, compared to CNY 123,768,014.07 at the end of Q1 2022[19]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 9,422[6]. - The largest shareholder, Tan Hongru, holds 36.65% of the shares, totaling 75,748,700 shares[7]. Costs and Expenses - Total operating costs for Q1 2023 were CNY 148,937,774.47, down 19.0% from CNY 184,055,815.96 in Q1 2022[14]. - Research and development expenses increased to CNY 6,072,624.39 in Q1 2023, up 21.8% from CNY 4,987,138.78 in Q1 2022[14]. - Total liabilities decreased to CNY 638,056,156.24 in Q1 2023, down from CNY 675,935,570.73 in Q1 2022[12]. - Total equity attributable to shareholders increased to CNY 1,341,506,533.50 as of March 31, 2023, compared to CNY 1,334,740,090.16 at the end of 2022[12]. - Inventory increased to CNY 137,490,226.73 in Q1 2023, up from CNY 126,355,670.67 in Q1 2022[10]. Non-Recurring Gains and Market Strategy - The company reported non-recurring gains of ¥4,486,240.73 for the period[4]. - The main reason for the increase in net profit was the significant decrease in the price of PVC powder, which improved the company's gross profit margin[5]. - The company did not disclose any new product developments or market expansion strategies in this report[1].