Apex(SH:603383)2023-04-25 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥130,639,138.61, representing a year-on-year increase of 32.15%[5] - The net profit attributable to shareholders for Q1 2023 was ¥22,136,760.02, a significant increase of 948.63% compared to the same period last year[5] - The basic earnings per share for Q1 2023 was ¥0.1311, reflecting a growth of 957.26% year-on-year[6] - Operating profit for Q1 2023 was ¥20,860,550.82, compared to a loss of ¥446,143.85 in Q1 2022[22] - Net profit attributable to shareholders of the parent company was ¥22,136,760.02, significantly up from ¥2,111,007.68 in the same period last year, marking a growth of 950.0%[22] Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥118,486,182.01, indicating a cash outflow[5] - Cash flow from operating activities showed a net outflow of ¥118,486,182.01, slightly improved from a net outflow of ¥121,549,647.17 in Q1 2022[26] - The net cash flow from financing activities was -$10,109.00, indicating a cash outflow[27] - The net increase in cash and cash equivalents was -$137,635,097.50, compared to -$109,686,560.43 in the previous year[27] - The ending balance of cash and cash equivalents was $890,959,862.88, up from $855,399,971.19 year-over-year[27] - The beginning balance of cash and cash equivalents was $1,028,594,960.38, showing a decrease in cash reserves[27] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,712,033,795.46, a decrease of 3.83% from the previous year[6] - As of March 31, 2023, the total assets amounted to RMB 1,712,033,795.46, a decrease from RMB 1,780,271,959.84 as of December 31, 2022, reflecting a decline of approximately 3.3%[17] - The total current assets were RMB 1,490,938,341.32, down from RMB 1,588,399,345.77, indicating a decrease of about 6.2%[18] - Total current liabilities decreased to RMB 312,498,981.16 from RMB 406,665,629.03, a reduction of approximately 23.2%[19] - The total equity increased to RMB 1,423,459,477.26 from RMB 1,373,512,158.51, reflecting an increase of about 3.6%[19] Receivables and Inventory - Accounts receivable increased by 46.04%, primarily due to project payments concentrated in the fourth quarter[10] - The company's accounts receivable increased to RMB 73,358,534.51 from RMB 50,230,623.15, marking an increase of about 46%[17] - The company reported a significant increase in inventory, rising to RMB 153,518,938.36 from RMB 130,375,383.14, which is an increase of approximately 17.7%[18] Expenses - Sales expenses rose by 58.65%, attributed to increased marketing and promotional costs[11] - Research and development expenses increased to ¥36,274,587.12, up from ¥30,411,013.18, reflecting a 19.4% rise year-over-year[20] Other Information - The weighted average return on equity increased to 1.61%, up by 1.44 percentage points from the previous year[6] - The company received a government subsidy of ¥2,475,012.07, which is closely related to its normal business operations[7] - The number of ordinary shareholders at the end of the reporting period was 10,970[13] - The company did not report any new product launches or significant market expansion strategies during the quarter[16] - The company experienced a foreign exchange gain of ¥1,254,448.38, contrasting with a loss of ¥1,063,250.77 in Q1 2022[22]