Poten(SH:603603)2023-04-17 16:00Financial Performance - In Q1 2023, the company achieved operating revenue of CNY 194.15 million, representing a year-on-year increase of 11.72%[3] - The net profit attributable to shareholders was CNY 10.33 million, showing a significant year-on-year growth of 111.88%[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 6.53 million, up 107.76% year-on-year[3] - Total operating revenue for Q1 2023 was ¥194,145,630.04, an increase of 11.8% compared to ¥173,779,139.47 in Q1 2022[18] - Net profit for Q1 2023 was ¥11,765,916.62, a significant recovery from a net loss of ¥94,725,559.70 in Q1 2022[19] - Earnings per share for Q1 2023 was ¥0.01, compared to a loss per share of ¥0.21 in Q1 2022[20] - The total comprehensive income for Q1 2023 was ¥11,741,403.61, recovering from a loss of ¥94,722,235.93 in Q1 2022[20] Cash Flow - The net cash flow from operating activities was CNY 67.26 million, reflecting a decrease of 12.40% compared to the previous year[5] - The company reported a net cash flow from financing activities of CNY 191.72 million, primarily due to the release of restrictions on investment funds related to debt restructuring[6] - In Q1 2023, the cash inflow from operating activities totaled $229,748,796.71, a decrease of 2.8% compared to $235,396,975.70 in Q1 2022[23] - The net cash flow from operating activities was $67,257,023.18, down 12.3% from $76,778,788.02 in the same period last year[23] - Cash inflow from financing activities reached $156,925,772.40, significantly up from $729,440.50 in Q1 2022[24] - The net cash flow from financing activities was $64,663,116.00, a turnaround from -$70,496,987.63 in the previous year[24] Assets and Liabilities - The total assets at the end of the reporting period were CNY 7.76 billion, a decrease of 3.06% from the end of the previous year[5] - Total liabilities decreased to ¥5,859,828,239.82 as of March 31, 2023, down from ¥6,117,746,992.26 at the end of 2022, a decline of 4.2%[15] - Total equity increased to ¥1,900,746,686.96 as of March 31, 2023, compared to ¥1,887,481,666.66 at the end of 2022, an increase of 0.7%[15] Shareholder Information - The company has a total of 20,822 common shareholders as of the end of the reporting period[8] - The company has a significant shareholder structure, with the largest shareholder, Huijin Aggregation (Ningbo) Investment Management Co., holding 367.77 million shares, representing 37.97% of the total shares[10] - The second-largest shareholder, Shenzhen High-tech Investment Group Co., holds 79.68 million shares, accounting for 8.23% of the total shares[10] Expenses - The company's financial expenses decreased by 77.15% due to debt restructuring efforts in the previous year, significantly reducing interest expenses[6] - Financial expenses for Q1 2023 were reduced to ¥15,258,985.29 from ¥66,775,325.28 in Q1 2022, a decrease of 77.2%[18] - Research and development expenses for Q1 2023 were ¥3,064,612.28, down from ¥3,930,748.55 in Q1 2022, a decrease of 22.0%[18] Asset Composition - The company's current assets totaled approximately RMB 1.93 billion, down from RMB 2.13 billion at the end of 2022, indicating a decrease of around 9.5%[13] - The cash and cash equivalents were reported at approximately RMB 378.66 million, a decrease from RMB 518.35 million, reflecting a decline of about 27%[12] - Accounts receivable stood at approximately RMB 942.09 million, down from RMB 998.54 million, which is a decrease of about 5.66%[12] - The company reported a total of RMB 1.32 billion in long-term receivables, slightly down from RMB 1.37 billion, indicating a decrease of approximately 3.4%[13] - The company has reported a total of RMB 61.79 million in prepayments, down from RMB 70.45 million, reflecting a decrease of about 12.4%[13] - The company’s inventory increased to approximately RMB 22.57 million from RMB 20.90 million, marking an increase of about 8%[13] Market and Product Development - The company has not disclosed any significant new product developments or market expansion strategies in the current report[11]