华荣股份(603855) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was CNY 610,504,964.68, representing a decrease of 7.96% compared to the same period last year[4] - Net profit attributable to shareholders was CNY 86,035,213.70, an increase of 43.21% year-on-year[4] - Basic earnings per share increased by 38.89% to CNY 0.25[4] - The net profit for Q1 2023 was CNY 86,957,027.79, an increase of 44.4% compared to CNY 60,223,201.35 in Q1 2022[18] - The total revenue from operating activities was CNY 762,218,484.25, up from CNY 581,648,500.66 in the same period last year, representing a growth of 30.9%[20] - The company reported a total comprehensive income of CNY 86,248,215.92 for Q1 2023, compared to CNY 60,008,575.65 in Q1 2022, marking a 43.7% increase[19] - The company's operating profit for Q1 2023 was CNY 87,892,595.18, an increase of 35.4% from CNY 64,889,776.69 in Q1 2022[18] Cash Flow and Liquidity - The net cash flow from operating activities was CNY 3,609,081.32, showing a significant decline of 103.67% compared to the previous year[4] - The cash flow from operating activities showed a net inflow of CNY 3,609,081.32, a significant recovery from a net outflow of CNY 98,318,495.01 in Q1 2022[21] - The cash and cash equivalents at the end of Q1 2023 amounted to CNY 589,933,403.97, slightly down from CNY 598,002,419.28 at the end of Q1 2022[21] - The company's cash and cash equivalents increased to CNY 641,928,350.39 as of March 31, 2023, compared to CNY 564,752,339.02 at the end of 2022[23] - The company raised CNY 60,000,000.00 through borrowings in Q1 2023, up from CNY 30,000,000.00 in Q1 2022, reflecting a strategy to enhance liquidity[21] - Cash inflow from financing activities totaled $60,000,000.00, up from $30,000,000.00 in the prior period, reflecting a 100% increase in financing received[28] - The net cash flow from financing activities was $48,523,049.85, compared to $29,843,631.11 previously, showing a substantial increase of approximately 62.5%[28] Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,201,652,334.43, a decrease of 1.16% from the end of the previous year[5] - Total liabilities decreased to CNY 2,279,022,550.86 from CNY 2,416,868,715.00, indicating a reduction of 5.7%[15] - The total assets of the company amounted to RMB 4,201,652,334.43, a decrease from RMB 4,250,771,222.98 as of the previous year[16] - Total liabilities decreased to CNY 2,207,302,110.18 as of March 31, 2023, from CNY 2,327,189,226.05 at the end of 2022[24] - The company's equity attributable to shareholders increased by 4.90% to CNY 1,884,547,825.51[5] - The total equity increased to CNY 1,846,108,166.56 as of March 31, 2023, compared to CNY 1,760,625,147.27 at the end of 2022[25] Expenses - Management expenses rose by 98.11%, primarily due to increased employee compensation and consulting fees[8] - R&D expenses increased by 86.84%, mainly due to higher employee compensation and technical research costs[8] - Research and development expenses for Q1 2023 were CNY 32,004,592.93, significantly higher than CNY 15,718,107.22 in Q1 2022, indicating a focus on innovation[25] Inventory and Receivables - Accounts receivable decreased to RMB 1,490,657,081.32 from RMB 1,598,142,007.29, a decline of 6.7% year-over-year[13] - Inventory as of March 31, 2023, was RMB 746,026,976.11, slightly down from RMB 747,890,056.91[14] - The company's inventory as of March 31, 2023, was CNY 612,720,369.75, slightly down from CNY 622,017,351.69 at the end of 2022[23] Government Support - The company received government subsidies, contributing to a significant increase in non-operating income by 1,436.09%[8] Future Plans - The company plans to focus on new product development and market expansion strategies in the upcoming quarters[12]