WXHS(SH:603090)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 152,231,694.20, representing a decrease of 0.80% compared to the same period last year[5]. - Net profit attributable to shareholders for Q1 2023 was CNY 15,635,114.35, an increase of 466.83% year-on-year[5]. - The basic earnings per share for Q1 2023 was CNY 0.16, reflecting an increase of 433.33% compared to the previous year[6]. - Total revenue for Q1 2023 was ¥152,231,694.20, a slight decrease of 0.8% compared to ¥153,459,078.85 in Q1 2022[18]. - Net profit for Q1 2023 reached ¥15,896,503.52, an increase of 436.5% compared to ¥2,966,455.47 in Q1 2022[19]. - Operating profit for Q1 2023 was ¥19,234,320.77, significantly higher than ¥2,537,658.18 in Q1 2022[19]. - The total comprehensive income for Q1 2023 reached ¥15,898,122.21, up from ¥2,963,219.18 in the same period last year[20]. - The basic and diluted earnings per share for Q1 2023 were both ¥0.16, compared to ¥0.03 in Q1 2022, reflecting improved profitability[20]. Cash Flow - The net cash flow from operating activities for Q1 2023 was CNY 11,857,210.50, up by 162.85% year-on-year[6]. - Cash inflows from operating activities totaled ¥184,850,733.73 in Q1 2023, compared to ¥164,003,642.02 in Q1 2022, showing a year-over-year increase of approximately 12.0%[23]. - The net cash flow from operating activities was ¥11,857,210.50 for Q1 2023, a turnaround from a net outflow of ¥18,865,708.05 in Q1 2022[23]. - Cash outflows from investing activities were ¥4,974,457.50 in Q1 2023, down from ¥45,638,925.37 in Q1 2022, indicating reduced investment expenditures[25]. - The net cash flow from financing activities for Q1 2023 was -¥12,933,441.50, compared to a positive net flow of ¥10,338,805.56 in Q1 2022, reflecting changes in financing strategies[25]. - The cash and cash equivalents at the end of Q1 2023 stood at ¥73,961,273.31, an increase from ¥54,761,066.15 at the end of Q1 2022[25]. Assets and Liabilities - Total assets at the end of Q1 2023 were CNY 846,960,170.02, a decrease of 1.66% from the end of the previous year[6]. - The company's total assets as of March 31, 2023, were ¥846,960,170.02, a decrease from ¥861,262,630.58 at the end of 2022[16]. - Current assets totaled ¥565,983,994.60 as of March 31, 2023, down from ¥576,822,927.02 at the end of 2022[15]. - Current liabilities decreased to ¥276,966,490.73 from ¥307,095,002.32 at the end of 2022, reflecting a reduction of 9.8%[16]. - The company's cash and cash equivalents were ¥100,301,263.31 as of March 31, 2023, down from ¥120,627,240.06 at the end of 2022[15]. - The company's equity attributable to shareholders rose to ¥551,637,138.00 as of March 31, 2023, up from ¥536,000,404.96 at the end of 2022[16]. Expenses - The company reported a significant decrease in total operating costs, contributing to the increase in net profit[8]. - Total operating costs for Q1 2023 were ¥134,372,493.12, down 10.8% from ¥150,670,365.59 in Q1 2022[19]. - Research and development expenses for Q1 2023 increased by 23.58% due to higher labor costs in R&D[8]. - Research and development expenses increased to ¥7,195,284.99 in Q1 2023, compared to ¥5,822,238.91 in Q1 2022, indicating a focus on innovation[19]. - The company experienced a 48.07% increase in sales expenses attributed to marketing efforts for new energy lithium battery products[8]. Strategic Insights - The company has not disclosed any new product launches or market expansion strategies in this report[12]. - The company reported a tax refund of ¥13,831,608.12 in Q1 2023, slightly down from ¥14,043,141.97 in Q1 2022[23].