COPTON(SH:603798)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 reached ¥370,949,966.36, representing a year-on-year increase of 67.58%[3] - The net profit attributable to shareholders was ¥34,428,490.17, reflecting a growth of 12.33% compared to the same period last year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥31,696,989.42, an increase of 9.02% year-on-year[3] - Total revenue for Q1 2023 reached CNY 370,949,966.36, a significant increase of 67.6% compared to CNY 221,361,324.70 in Q1 2022[15] - Operating profit for Q1 2023 was CNY 43,143,030.44, up from CNY 36,165,685.78 in Q1 2022, reflecting a growth of 19.5%[16] - Net profit for Q1 2023 amounted to CNY 34,799,368.60, compared to CNY 30,508,874.69 in Q1 2022, representing an increase of 14.9%[16] - The total comprehensive income for Q1 2023 was ¥34,799,368.60, up from ¥30,508,874.69 in the same period last year, reflecting a growth of 14.9%[17] - Basic and diluted earnings per share for Q1 2023 were both ¥0.17, compared to ¥0.15 in Q1 2022, indicating a 13.3% increase[17] Cash Flow - The net cash flow from operating activities amounted to ¥80,253,417.67, showing a slight increase of 1.86%[3] - Cash inflows from operating activities amounted to ¥389,233,203.56 in Q1 2023, a rise of 37.6% from ¥282,629,415.30 in Q1 2022[20] - Cash outflows from operating activities totaled ¥308,979,785.89, compared to ¥203,839,522.45 in the previous year, representing an increase of 51.5%[20] - The net cash flow from operating activities for Q1 2023 was ¥80,253,417.67, slightly up from ¥78,789,892.85 in Q1 2022, showing a growth of 1.9%[20] - The net cash flow from investing activities was negative at -¥161,277,396.18 for Q1 2023, compared to a positive cash flow of ¥183,020,335.73 in Q1 2022[21] - The cash and cash equivalents at the end of Q1 2023 were ¥261,836,877.18, down from ¥510,771,814.97 at the end of Q1 2022, indicating a decrease of 48.7%[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,376,933,444.89, up 4.79% from the end of the previous year[4] - Total assets as of March 31, 2023, were CNY 1,376,933,444.89, up from CNY 1,313,956,800.25 at the end of 2022, indicating a growth of 4.8%[14] - Current assets totaled CNY 921,493,591.09 as of March 31, 2023, compared to CNY 822,254,086.66 at the end of 2022, marking an increase of 12.1%[13] - Total liabilities increased to CNY 218,633,843.99 in Q1 2023 from CNY 190,256,567.95 in Q1 2022, reflecting a rise of 14.9%[14] - The company’s total equity increased to CNY 1,158,299,600.90 as of March 31, 2023, compared to CNY 1,123,700,232.30 at the end of 2022, reflecting a growth of 3.1%[14] Shareholder Information - The company reported a total of 12,823 common shareholders at the end of the reporting period[8] - The largest shareholder, Hengjia Shike International (Hong Kong) Co., Ltd., holds 55,230,000 shares, accounting for 27.6% of the total shares[9] Expenses - The company reported a gross profit margin of approximately 10.4% in Q1 2023, compared to 16.5% in Q1 2022, indicating a decrease in profitability[15] - Research and development expenses for Q1 2023 were CNY 11,701,373.61, up from CNY 9,307,463.01 in Q1 2022, showing a growth of 25.7%[16] - The company's financial expenses surged by 200.01%, primarily due to exchange losses[6] - Trade receivables increased by 101.32%, mainly driven by sales growth[6] - The company incurred cash payments for purchasing goods and services amounting to ¥229,684,672.68 in Q1 2023, up from ¥142,581,663.82 in Q1 2022, reflecting an increase of 61.0%[20]