RONGSHEGN ENVIRONMENTAL(SH:603165)2023-04-21 16:00Financial Performance - The company's operating revenue for Q1 2023 was RMB 541,091,799.31, representing a decrease of 11.16% compared to the same period last year[5] - The net profit attributable to shareholders for Q1 2023 was RMB 81,528,940.77, showing an increase of 1.90% year-on-year[5] - The basic and diluted earnings per share for Q1 2023 were both RMB 0.30[5] - The net profit after deducting non-recurring gains and losses was RMB 79,992,939.69, which is an increase of 12.01% year-on-year[5] - Total revenue for Q1 2023 was ¥541,091,799.31, a decrease of 11.2% compared to ¥609,074,642.45 in Q1 2022[18] - Net profit for Q1 2023 reached ¥81,528,940.77, an increase of 1.6% from ¥80,006,222.05 in Q1 2022[19] - The total comprehensive income for Q1 2023 was ¥79,451,577.88, down from ¥80,233,011.28 in Q1 2022, indicating a decrease of approximately 0.97%[20] - Basic and diluted earnings per share for Q1 2023 remained stable at ¥0.30, unchanged from Q1 2022[20] Cash Flow - The net cash flow from operating activities reached RMB 120,637,052.15, a significant increase of 152.95% compared to the previous year, mainly due to reduced payments for goods and taxes[6] - The net cash flow from operating activities for Q1 2023 was ¥120,637,052.15, significantly up from ¥47,692,028.43 in Q1 2022, representing an increase of approximately 152.5%[22] - Cash received from the sale of goods and services in Q1 2023 was ¥611,929,052.07, compared to ¥595,663,782.92 in Q1 2022, showing a growth of about 2.5%[22] - The total cash inflow from operating activities in Q1 2023 was ¥654,926,669.52, slightly higher than ¥645,810,339.56 in Q1 2022, indicating a modest growth[22] - The net cash flow from investing activities for Q1 2023 was -¥48,163,225.46, a decrease from ¥40,332,727.23 in Q1 2022, indicating a decline in investment returns[23] - The net cash flow from financing activities for Q1 2023 was ¥188,016,044.97, up from ¥121,604,367.29 in Q1 2022, marking an increase of approximately 54.6%[23] - The ending balance of cash and cash equivalents as of the end of Q1 2023 was ¥1,071,920,204.62, compared to ¥502,112,969.89 at the end of Q1 2022, reflecting a substantial increase of approximately 113.5%[23] Assets and Liabilities - The total assets at the end of Q1 2023 amounted to RMB 2,863,521,467.03, reflecting a growth of 7.71% from the end of the previous year[6] - Total assets as of March 31, 2023, amounted to ¥2,863,521,467.03, a rise of 7.7% from ¥2,658,527,266.02 at the end of 2022[15] - Total liabilities increased to ¥793,877,202.04, up 18.8% from ¥668,334,578.91 at the end of 2022[16] - The company reported a decrease in inventory to ¥68,753,699.48, down 15.2% from ¥81,099,604.54 at the end of 2022[14] - The company’s long-term equity investments increased slightly to ¥113,643,990.33 from ¥112,963,958.99 at the end of 2022[14] - The company’s total equity as of March 31, 2023, was ¥2,069,644,264.99, an increase of 4.0% from ¥1,990,192,687.11 at the end of 2022[16] Shareholder Information - The company had a total of 11,046 common shareholders at the end of the reporting period[8] - The company is currently conducting a share repurchase plan, holding 7,716,600 shares, which accounts for 2.77% of the total share capital[10] - The company plans to issue convertible bonds totaling no more than RMB 576 million, subject to approval from the Shanghai Stock Exchange and the China Securities Regulatory Commission[11] Research and Development - Research and development expenses for Q1 2023 were ¥18,852,848.23, compared to ¥17,641,865.37 in Q1 2022, reflecting a growth of 6.8%[19] Return on Equity - The weighted average return on equity for Q1 2023 was 4.02%, a decrease of 0.17 percentage points compared to the previous year[6] Other Comprehensive Income - The company reported a decrease in other comprehensive income, with a net amount of -¥2,077,362.89 for Q1 2023, compared to ¥226,789.23 in Q1 2022[20]