CECO(SH:603698)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥515,332,831.14, representing an increase of 11.46% compared to the same period last year[6] - Net profit attributable to shareholders was ¥33,175,729.27, marking an increase of 81.20% year-on-year[6] - The basic earnings per share (EPS) was ¥0.06, which is a 100.00% increase compared to the previous year[6] - Total operating revenue for Q1 2023 reached ¥515,332,831.14, an increase of 11.5% compared to ¥462,348,412.87 in Q1 2022[20] - Net profit for Q1 2023 was ¥33,175,729.27, significantly higher than ¥18,309,173.19 in Q1 2022, marking an increase of 81.3%[21] - The total comprehensive income for the first quarter of 2023 was CNY 33,175,729.27, compared to CNY 18,309,173.19 in the same period of 2022, representing an increase of approximately 81.5%[22] - Basic and diluted earnings per share for the first quarter of 2023 were both CNY 0.06, up from CNY 0.03 in the first quarter of 2022, indicating a 100% increase[22] Cash Flow and Liquidity - The net cash flow from operating activities was -¥177,053,029.88, a decrease of 173.83% year-on-year[6] - Cash inflows from operating activities totaled CNY 283,466,782.09 in Q1 2023, a significant decrease from CNY 618,266,130.72 in Q1 2022, reflecting a decline of approximately 54.4%[24] - The net cash flow from operating activities for Q1 2023 was negative CNY 177,053,029.88, compared to a positive CNY 239,796,953.57 in Q1 2022[25] - Cash outflows for purchasing goods and services amounted to CNY 308,750,239.11 in Q1 2023, compared to CNY 289,518,905.12 in Q1 2022, showing an increase of about 6.6%[24] - The cash and cash equivalents at the end of Q1 2023 were CNY 1,634,052,703.28, down from CNY 1,836,130,010.82 at the end of Q1 2022, a decrease of approximately 11.1%[25] - The company reported a cash outflow of CNY 35,739,019.45 for taxes in Q1 2023, compared to CNY 2,573,957.52 in Q1 2022, reflecting a significant increase in tax payments[24] - The company did not report any cash inflows from financing activities in Q1 2023, with cash outflows totaling CNY 23,725.27 for interest payments[25] Assets and Liabilities - Total assets at the end of Q1 2023 were ¥4,899,703,879.59, up 1.07% from the end of the previous year[8] - The company's total assets as of Q1 2023 were ¥4,899,703,879.59, compared to ¥4,847,729,040.60 at the end of Q1 2022, showing a growth of 1.1%[18] - Total liabilities for Q1 2023 stood at ¥1,730,566,071.24, slightly up from ¥1,710,514,470.64 in Q1 2022, indicating an increase of 1.2%[17] - The company's total equity increased to ¥3,169,137,808.35 in Q1 2023, up from ¥3,137,214,569.96 in Q1 2022, reflecting a growth of 1.0%[18] - Shareholders' equity attributable to the parent company was ¥3,169,137,808.35, an increase of 1.02% from the previous year[8] Expenses - Total operating costs for Q1 2023 were ¥469,086,610.88, up from ¥440,691,335.48 in Q1 2022, reflecting a rise of 6.5%[20] - Research and development expenses in Q1 2023 amounted to ¥44,287,517.02, a substantial increase of 87.6% from ¥23,578,285.07 in Q1 2022[20] - The company reported a decrease in sales expenses to ¥4,258,589.35 in Q1 2023 from ¥7,323,293.95 in Q1 2022, a reduction of 41.4%[20] Government Support and Strategic Developments - The company received government subsidies amounting to ¥983,893.39 during the quarter, which are closely related to its normal business operations[9] - The company reported a significant increase in net profit due to revenue growth and differences in project delivery timelines[9] - The company did not report any new product developments or market expansion strategies during this quarter[14] - The company has not indicated any new product launches or significant market expansion strategies during this reporting period[22]