GUILIN FUDA (SH:603166)2023-04-25 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 315,179,934.32, representing a year-on-year increase of 4.06%[5] - The net profit attributable to shareholders for the same period was CNY 30,496,003.20, reflecting a growth of 1.29% compared to the previous year[5] - The basic earnings per share (EPS) remained at CNY 0.05, with a year-on-year increase of 1.29%[5] - Operating profit for Q1 2023 was CNY 31,635,438.37, a decrease of 6.34% from CNY 33,772,619.58 in Q1 2022[17] - Net profit for Q1 2023 was CNY 30,496,003.20, slightly up from CNY 30,107,816.22 in Q1 2022, representing a growth of 1.29%[18] - Total operating revenue for Q1 2023 was CNY 315,179,934.32, an increase of 4.23% compared to CNY 302,895,139.88 in Q1 2022[16] Cash Flow - The net cash flow from operating activities surged to CNY 61,371,806.26, marking a significant increase of 2,013.46% year-on-year[5] - The company reported a significant increase in cash flow from operating activities primarily due to an increase in bank acceptance bill cashing[7] - Cash flow from operating activities increased significantly to CNY 61,371,806.26 in Q1 2023, compared to CNY 2,903,850.35 in Q1 2022[19] - Cash flow from investing activities showed a net outflow of CNY 99,039,362.20 in Q1 2023, compared to a net outflow of CNY 56,473,664.94 in Q1 2022[19] - The net cash flow from investment activities was -47,394,277.95, worsening from -14,703,267.01 in Q1 2022[28] - The net cash flow from financing activities was 39,042,875.00, compared to 59,136,250.00 in the previous year, reflecting a decline of about 34.0%[29] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 3,376,358,230.31, up 4.04% from the end of the previous year[5] - Current assets totaled RMB 1,218,304,595.18, up from RMB 1,142,265,483.19, indicating an increase of about 6.67%[12] - Total liabilities reached RMB 965,564,643.09, compared to RMB 863,987,611.46, reflecting an increase of around 11.76%[14] - The company's total assets as of March 31, 2023, amounted to CNY 2,647,948,107.87, an increase from CNY 2,595,307,006.36 at the end of 2022[23] - Total liabilities increased to CNY 469,147,865.76 as of March 31, 2023, compared to CNY 413,755,225.39 at the end of 2022, representing a rise of 13.41%[23] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 28,320[9] - The largest shareholder, Fuda Holdings Group Co., Ltd., holds 361,654,040 shares, accounting for 55.97% of the total shares[9] Research and Development - R&D expenses decreased to CNY 18,626,587.31 in Q1 2023 from CNY 21,602,716.14 in Q1 2022, a reduction of 13.83%[17] - Research and development expenses for Q1 2023 were CNY 4,130,532.26, compared to CNY 3,850,055.28 in Q1 2022, indicating an increase of 7.29%[26] Inventory and Receivables - The inventory balance increased to RMB 358,338,916.16 from RMB 330,251,455.53, showing a growth of approximately 8.50%[12] - Accounts receivable increased to RMB 333,449,743.16 from RMB 328,501,449.49, representing a growth of about 1.36%[12] - Accounts receivable increased to CNY 87,431,988.16 from CNY 83,062,216.50, reflecting a growth of 5.00%[22] - The company's inventory rose to CNY 69,906,076.90, up from CNY 54,031,219.72, marking an increase of 29.00%[22]