Kehua Holdings(SH:603161)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥586,008,702.94, representing a year-on-year increase of 7.32%[6] - The net profit attributable to shareholders for Q1 2023 was ¥26,412,585.12, with a basic and diluted earnings per share of ¥0.20[6] - Net profit for Q1 2023 was ¥26,318,582.91, a significant recovery from a net loss of ¥16,651,618.73 in Q1 2022[20] - Earnings per share for Q1 2023 were ¥0.20, compared to a loss per share of ¥0.12 in Q1 2022[21] - The company reported an investment income of ¥1,811,364.97 in Q1 2023, recovering from a loss of ¥1,961,032.27 in Q1 2022[20] - The company's operating revenue for Q1 2023 was CNY 566,259,640.41, an increase of 6.3% compared to CNY 533,789,395.07 in Q1 2022[28] - The net profit for Q1 2023 reached CNY 30,538,775.03, a significant recovery from a net loss of CNY 8,155,309.67 in Q1 2022[29] Cash Flow and Liquidity - The net cash flow from operating activities was ¥109,637,531.03, reflecting a 2.55% increase compared to the same period last year[6] - Cash generated from operating activities in Q1 2023 was ¥602,113,546.09, up from ¥475,294,374.98 in Q1 2022[22] - The net cash inflow from operating activities for Q1 2023 was CNY 109,637,531.03, a slight increase of 2.15% compared to CNY 106,908,605.71 in Q1 2022[23] - The cash flow from operating activities generated a net cash inflow of CNY 103,067,132.82 in Q1 2023, compared to CNY 127,865,555.17 in Q1 2022[30] - Cash and cash equivalents increased to RMB 239,016,642.03 from RMB 184,647,585.79, representing a growth of about 29.3%[14] - Cash and cash equivalents at the end of Q1 2023 increased to CNY 175,674,270.08 from CNY 137,771,556.44 at the end of Q1 2022, reflecting a growth of 27.5%[24] Assets and Liabilities - Total assets at the end of Q1 2023 were ¥3,716,656,796.99, a decrease of 2.70% from the end of the previous year[7] - The total liabilities as of March 31, 2023, were ¥2,419,678,987.75, down from ¥2,549,979,865.59 at the end of 2022[16] - The total current liabilities rose to CNY 1,887,832,004.68 as of March 31, 2023, compared to CNY 1,733,575,203.21 at the end of 2022, marking an increase of 8.9%[26] - The total assets as of March 31, 2023, were CNY 3,585,536,275.30, down from CNY 3,678,620,533.22 as of December 31, 2022, indicating a decrease of 2.54%[26] - The total liabilities as of March 31, 2023, were CNY 2,283,223,557.03, down from CNY 2,407,394,871.86 at the end of 2022[27] Shareholder Equity - Shareholders' equity attributable to the company increased by 2.16% to ¥1,292,464,713.16[7] - The total equity attributable to shareholders increased to ¥1,292,464,713.16 as of March 31, 2023, from ¥1,265,168,935.96 at the end of 2022[16] - The total equity as of March 31, 2023, was CNY 1,302,312,718.27, up from CNY 1,271,225,661.36 at the end of 2022[27] Operational Efficiency - The increase in sales prices due to commodity price adjustments significantly improved product gross margins[9] - The company experienced a notable increase in export business, benefiting from a substantial appreciation of the USD exchange rate[9] - Research and development expenses increased to ¥21,456,168.17 in Q1 2023, compared to ¥15,552,890.16 in Q1 2022, reflecting a focus on innovation[20] - Research and development expenses increased to CNY 19,300,177.32 in Q1 2023, up from CNY 13,765,598.19 in Q1 2022, reflecting a focus on innovation[28] Other Financial Metrics - Non-recurring gains and losses totaled ¥8,345,921.41, primarily due to government subsidies and asset disposal gains[8] - The company's short-term borrowings increased to RMB 532,532,452.39 from RMB 465,537,043.57, marking an increase of approximately 14.3%[15] - The company's financial expenses rose to CNY 33,043,908.81 in Q1 2023, compared to CNY 20,624,642.21 in Q1 2022, primarily due to increased interest expenses[28]