NBOND(SH:603238)2023-04-20 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 397,524,531.12, representing an increase of 18.66% compared to the same period last year[5]. - The net profit attributable to shareholders of the listed company was CNY 10,309,364.09, reflecting a growth of 35.58% year-on-year[5]. - The company's net profit for Q1 2023 reached CNY 14,658,879.43, a 25.4% increase from CNY 11,688,017.91 in Q1 2022[21]. - Operating profit for Q1 2023 was CNY 15,314,569.48, up from CNY 13,913,283.53 in the same period last year, reflecting a growth of 10.1%[21]. - Total revenue from sales of goods and services amounted to CNY 438,121,662.78, compared to CNY 338,727,320.29 in Q1 2022, indicating a year-over-year increase of 29.3%[24]. - The total comprehensive income for Q1 2023 was CNY 14,658,879.43, compared to CNY 11,688,017.91 in the previous year, showing a growth of 25.4%[22]. Earnings and Shareholder Metrics - Basic earnings per share for the period was CNY 0.06, up by 50.00% year-on-year[6]. - Diluted earnings per share also stood at CNY 0.06, showing a 50.00% increase compared to the same period last year[6]. - The company’s basic and diluted earnings per share for Q1 2023 were both CNY 0.06, compared to CNY 0.04 in Q1 2022, reflecting a 50% increase[22]. Cash Flow and Liquidity - The net cash flow from operating activities reached CNY 54,041,260.94, marking a significant increase of 62.78% compared to the previous year[5]. - The company reported a net cash inflow from operating activities of CNY 54,041,260.94, which is an increase of 62.8% from CNY 33,199,792.47 in Q1 2022[24]. - Cash and cash equivalents at the end of Q1 2023 were CNY 167,898,728.69, a decrease from CNY 184,277,323.41 at the beginning of the quarter[25]. - The company's cash and cash equivalents increased to RMB 396,766,612.18 as of March 31, 2023, compared to RMB 298,817,597.85 at the end of 2022, representing a growth of 32.8%[16]. Assets and Liabilities - Total assets at the end of the reporting period amounted to CNY 2,299,846,758.36, a 1.47% increase from the end of the previous year[6]. - Total assets as of March 31, 2023, amounted to RMB 2,299,846,758.36, a slight increase from RMB 2,266,472,217.02 at the end of 2022[18]. - Total liabilities increased to RMB 763,410,161.21 as of March 31, 2023, compared to RMB 744,694,499.30 at the end of 2022, indicating a rise of 2.9%[18]. - The company's total equity reached RMB 1,536,436,597.15 as of March 31, 2023, up from RMB 1,521,777,717.72 at the end of 2022, reflecting an increase of 1.0%[18]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 11,849[12]. - The largest shareholder, Hangzhou Boss Industry Group Co., Ltd., holds 54.2% of the shares, totaling 97,026,750 shares[12]. Operating Costs and Expenses - Total operating costs for Q1 2023 were RMB 383,306,054.80, up from RMB 322,020,492.76 in Q1 2022, reflecting a growth of 19.1%[20]. - Research and development expenses rose to CNY 15,288,612.07, up from CNY 12,127,791.05, marking a 25.5% increase year-over-year[21]. - The company incurred financial expenses of CNY 3,777,756.43, significantly higher than CNY 1,307,483.42 in Q1 2022, indicating a rise of 189.5%[21]. Inventory and Payables - Inventory as of March 31, 2023, was RMB 201,711,972.83, compared to RMB 190,663,234.03 at the end of 2022, showing an increase of 5.4%[16]. - Accounts payable increased to RMB 315,805,053.76 as of March 31, 2023, compared to RMB 301,753,173.78 at the end of 2022, reflecting a growth of 4.7%[17]. - Short-term borrowings decreased to RMB 22,000,000.00 as of March 31, 2023, from RMB 27,571,321.92 at the end of 2022, a reduction of 20.0%[17]. Government Subsidies - The company received government subsidies amounting to CNY 2,130,450.48, which are closely related to its normal business operations[7].