FORTUNE(SH:603173)2023-04-26 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 339,542,804.46, representing a year-on-year increase of 13.56%[4] - The net profit attributable to shareholders for Q1 2023 was CNY 35,247,208.78, reflecting a significant increase of 46.50% compared to the same period last year[4] - The basic earnings per share for Q1 2023 was CNY 0.24, which is a 20.00% increase year-on-year[4] - Total operating revenue for Q1 2023 reached ¥339,542,804.46, an increase of 13.5% compared to ¥298,991,516.46 in Q1 2022[19] - Net profit for Q1 2023 was ¥35,247,208.78, representing a 46.5% increase from ¥24,059,176.85 in Q1 2022[21] - Basic and diluted earnings per share for Q1 2023 were both ¥0.24, compared to ¥0.20 in Q1 2022[21] - The operating profit for Q1 2023 was ¥35,395,433.95, an increase of 33.0% from ¥26,633,848.60 in Q1 2022[31] - The total comprehensive income for Q1 2023 was ¥32,485,176.30, compared to ¥24,174,152.33 in Q1 2022, reflecting a growth of 34.5%[32] Assets and Liabilities - Total assets at the end of Q1 2023 reached CNY 3,573,456,962.12, marking a 22.87% increase from the end of the previous year[5] - Total assets as of Q1 2023 amounted to ¥3,573,456,962.12, up from ¥2,908,276,712.48 in the previous year[18] - Total liabilities decreased slightly to ¥2,255,720,775.50 in Q1 2023 from ¥2,285,246,715.40 in Q1 2022[18] - Total liabilities as of March 31, 2023, were CNY 2,232,607,997.77, slightly down from CNY 2,261,996,472.76 as of December 31, 2022[29] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 165,693,349.46, which is not applicable for year-on-year comparison[4] - Cash inflow from operating activities for Q1 2023 was CNY 401,259,908.02, an increase of 17.1% compared to CNY 342,442,801.01 in Q1 2022[24] - Net cash outflow from operating activities for Q1 2023 was CNY -165,693,349.46, worsening from CNY -7,497,427.56 in Q1 2022[24] - Cash inflow from financing activities in Q1 2023 was CNY 738,812,000.00, significantly higher than CNY 77,000,000.00 in Q1 2022[25] - Net cash flow from financing activities for Q1 2023 was CNY 593,411,735.17, compared to CNY 24,560,848.95 in Q1 2022[25] Equity and Shareholder Information - The equity attributable to shareholders increased by 111.50% to CNY 1,317,736,186.62 compared to the end of the previous year[5] - The company's total equity increased from 12,000,000 shares to 16,000,000 shares following the IPO[13] - The company's total equity as of March 31, 2023, was CNY 1,243,920,718.45, up from CNY 552,190,759.97 as of December 31, 2022[29] Initial Public Offering (IPO) - The company successfully completed an initial public offering (IPO) of up to 40,000,000 shares at a price of RMB 18.65 per share, raising a total of RMB 746,000,000[13] - The net proceeds from the IPO, after deducting issuance costs, amounted to RMB 658,894,100[13] - The company reported a financial expense of -¥385,406.55 in Q1 2023, a significant improvement from ¥1,080,352.50 in Q1 2022[20] Research and Development - The company is focused on expanding its market presence and enhancing its product offerings through ongoing research and development initiatives[12] - Research and development expenses for Q1 2023 were ¥14,436,836.41, up from ¥13,125,365.92 in Q1 2022, indicating a focus on innovation[20] - The company incurred R&D expenses of ¥12,593,255.39 in Q1 2023, an increase from ¥11,617,601.42 in Q1 2022[31] Current Assets - As of March 31, 2023, the company's total current assets reached RMB 3,193,422,836.64, an increase from RMB 2,522,454,552.08 as of December 31, 2022, representing a growth of approximately 26.6%[15] - Cash and cash equivalents amounted to RMB 805,541,698.76, up from RMB 391,898,489.43, indicating a significant increase of about 105.5%[16] - Accounts receivable increased to RMB 565,166,635.60 from RMB 423,632,660.33, reflecting a rise of approximately 33.5%[16] - Inventory levels rose to RMB 597,197,152.36, compared to RMB 544,457,077.15, marking an increase of around 9.7%[16]