Maysta Chemical(SH:603041)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥120,127,795.35, a decrease of 21.99% compared to the same period last year[5]. - Net profit attributable to shareholders was ¥24,545,082.03, representing an increase of 10.31% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥23,064,890.77, up by 9.16% compared to the previous year[5]. - The basic earnings per share for the period was ¥0.14, down by 12.50% year-on-year[5]. - The diluted earnings per share also stood at ¥0.14, reflecting a decrease of 12.50% compared to the same period last year[5]. - Total operating revenue for Q1 2023 was ¥120,127,795.35, a decrease of 22% compared to ¥153,986,482.05 in Q1 2022[17]. - Net profit for Q1 2023 reached ¥24,536,134.56, representing an increase of 10% from ¥22,247,722.97 in Q1 2022[17]. - The net profit attributable to shareholders of the parent company was ¥24,545,082.03, compared to ¥22,251,085.70 in the same period last year, marking an increase of 10%[19]. - Basic earnings per share for Q1 2023 were ¥0.14, down from ¥0.16 in Q1 2022[19]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,596,768,636.66, an increase of 1.13% from the end of the previous year[6]. - The equity attributable to shareholders increased by 1.79% to ¥1,398,265,279.48 compared to the end of the previous year[6]. - The company's total liabilities decreased to ¥196,542,334.52 in Q1 2023 from ¥203,291,908.30 in Q1 2022, a reduction of approximately 3.7%[17]. - The company's total current liabilities were reported at CNY 290,000,000.00, with specific liabilities such as accounts payable at CNY 67,330,714.21, up from CNY 58,844,497.48[14]. - Non-current assets totaled CNY 569,396,685.65, an increase from CNY 533,447,007.24, indicating a growth of about 6.7%[14]. - The company’s long-term equity investments increased to CNY 7,807,411.03 from CNY 252,188.81, showing significant growth[14]. - The company's total liabilities were reported at CNY 290,000,000.00, with a notable decrease in tax liabilities from CNY 10,706,264.62 to CNY 6,046,739.75, a reduction of approximately 43.5%[14]. Cash Flow - The net cash flow from operating activities was ¥10,724,668.22, with no applicable percentage change reported[5]. - The net cash flow from operating activities for Q1 2023 was ¥10,724,668.22, a significant improvement compared to a net outflow of ¥1,658,666.96 in Q1 2022, indicating a recovery in operational performance[24]. - Total cash inflow from operating activities reached ¥105,246,612.60, up from ¥93,612,084.52 in the previous year, reflecting a year-over-year increase of approximately 12.5%[24]. - Cash outflow from operating activities decreased to ¥94,521,944.38 from ¥95,270,751.48, showing a slight reduction in operational expenses[24]. - The net cash flow from investing activities was -¥133,090,207.05, worsening from -¥9,481,907.95 in the same quarter last year, indicating increased investment outflows[25]. - Cash inflow from investment activities surged to ¥316,354,691.46 compared to ¥51,042,842.67 in Q1 2022, marking a substantial increase of over 520%[25]. - Total cash outflow from investment activities was ¥449,444,898.51, significantly higher than ¥60,524,750.62 in the previous year, reflecting aggressive investment strategies[25]. - The net cash flow from financing activities was -¥150,000.00, unchanged from the previous year, indicating stable financing operations[25]. - The cash and cash equivalents at the end of Q1 2023 stood at ¥151,180,920.26, down from ¥223,497,021.14 at the end of Q1 2022, representing a decrease of approximately 32.3%[25]. Operational Efficiency - Total operating costs for Q1 2023 were ¥94,461,359.56, down 27% from ¥129,107,227.18 in Q1 2022[17]. - Research and development expenses for Q1 2023 were ¥5,986,975.06, compared to ¥5,270,856.79 in Q1 2022, indicating an increase of 14%[17]. - The company reported a financial income of ¥1,960,314.67 in Q1 2023, down from ¥3,337,449.48 in Q1 2022, a decrease of approximately 41%[17]. - Other comprehensive income after tax for Q1 2023 was ¥103,910.22, compared to a loss of ¥23,152.80 in Q1 2022[19]. - The company received ¥3,260,246.83 in other operating cash related to business activities, up from ¥1,682,902.81, indicating improved cash management[24]. - The company reported a significant increase in cash received from tax refunds, totaling ¥2,317,819.20, compared to ¥4,475,902.88 in the previous year, reflecting changes in tax policies or improved compliance[24].