Changqing(SH:603768)2023-04-25 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥787,555,285.51, representing a year-on-year increase of 7.02%[5] - The net profit attributable to shareholders for the same period was ¥53,033,076.51, showing a significant increase of 503.09% compared to the previous year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥48,560,647.61, reflecting a substantial increase of 25,353.30%[5] - The basic earnings per share for Q1 2023 was ¥0.26, an increase of 550.00% compared to the same period last year[5] - Net profit for Q1 2023 reached ¥53.03 million, significantly up from ¥8.79 million in Q1 2022, representing an increase of approximately 502%[20] - Basic earnings per share for Q1 2023 were ¥0.26, compared to ¥0.04 in the same period last year, indicating a substantial improvement in profitability[20] - The total profit for Q1 2023 was approximately ¥59.93 million, compared to ¥16.26 million in Q1 2022, showing a significant year-over-year increase[19] Assets and Liabilities - The company's total assets at the end of Q1 2023 reached ¥4,470,073,932.19, up 6.42% from the end of the previous year[6] - Total assets reached RMB 4,470,073,932.19, up from RMB 4,200,470,479.72, marking a growth of 6.4%[17] - Total liabilities increased to RMB 2,531,828,405.35 from RMB 2,315,258,029.39, which is an increase of 9.4%[17] - The company's equity attributable to shareholders rose to RMB 1,938,245,526.84 from RMB 1,885,212,450.33, reflecting a growth of 2.8%[17] - Short-term borrowings as of March 31, 2023, were RMB 933,548,063.27, significantly higher than RMB 603,215,272.65 at the end of 2022, an increase of 55.7%[16] Cash Flow and Financing - The cash flow from operating activities showed a net outflow of ¥116,700,715.93, a decrease of 39.43% year-on-year[5] - Cash flow from operating activities showed a net outflow of approximately ¥116.70 million in Q1 2023, worsening from a net outflow of ¥83.70 million in Q1 2022[23] - Cash and cash equivalents as of March 31, 2023, amounted to RMB 327,228,178.55, up from RMB 225,087,579.30 at the end of 2022, representing a growth of 45.4%[15] - Cash and cash equivalents at the end of Q1 2023 totaled approximately ¥201.54 million, down from ¥361.54 million at the end of Q1 2022[24] - The company reported a net cash inflow from financing activities of approximately ¥309.98 million in Q1 2023, compared to ¥215.49 million in Q1 2022, indicating improved financing conditions[24] Operational Costs and Expenses - The total operating costs for Q1 2023 were approximately ¥712.84 million, a slight increase from ¥704.56 million in Q1 2022, with operating costs at ¥626.69 million compared to ¥629.79 million last year[19] - Research and development expenses increased by 30.99% compared to the same period last year, indicating a focus on innovation[9] - Research and development expenses increased to ¥25.01 million in Q1 2023, up from ¥19.09 million in Q1 2022, reflecting a focus on innovation and product development[19] - The company incurred financial expenses of approximately ¥17.74 million in Q1 2023, compared to ¥14.58 million in the same period last year, indicating rising costs associated with financing[19] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 9,392[10] Other Information - The company has not provided any specific guidance or outlook for future performance in the conference call[13] - The company reported a 64.84% increase in investment income compared to the previous year, attributed to reduced fees for supply chain notes[9] - The company reported a significant increase in sales revenue, with cash received from sales reaching approximately ¥411.84 million, compared to ¥289.83 million in the previous year, marking a growth of about 42%[23] - Accounts receivable increased to RMB 758,443,735.19 from RMB 743,585,810.73, reflecting a rise of 2.0%[15] - Inventory as of March 31, 2023, was RMB 451,829,145.93, compared to RMB 427,660,176.13 at the end of 2022, indicating an increase of 5.6%[15] - The company reported a decrease in other non-current liabilities from RMB 454,940,618.75 to RMB 434,867,315.55, a decline of 4.4%[17]