GUOMAO REDUCER(SH:603915)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥625.73 million, an increase of 2.62% compared to ¥609.76 million in the same period last year[3]. - Net profit attributable to shareholders was ¥80.39 million, representing a 24.25% increase from ¥64.70 million year-on-year[3]. - Basic earnings per share for the period was ¥0.12, compared to ¥0.10 in the same period last year, reflecting a 20% increase[4]. - The net profit for Q1 2023 was CNY 79,781,235.11, an increase of 24.1% compared to CNY 64,364,106.47 in Q1 2022[18]. - The total comprehensive income for Q1 2023 was CNY 79,843,447.57, compared to CNY 64,385,061.65 in Q1 2022, reflecting a growth of 24.1%[19]. - The total operating profit for Q1 2023 was CNY 86,728,204.93, an increase of 28.0% from CNY 67,752,557.92 in Q1 2022[18]. Cash Flow and Liquidity - The net cash flow from operating activities was ¥30.38 million, a significant recovery from a negative cash flow of ¥137.80 million in the previous year[3]. - The company's cash and cash equivalents as of March 31, 2023, amounted to RMB 1,006,384,697.96, compared to RMB 944,081,007.89 at the end of 2022, reflecting a growth of about 6.6%[12]. - The cash flow from operating activities generated a net amount of CNY 30,377,648.69, a significant improvement from a net outflow of CNY -137,801,328.86 in Q1 2022[22]. - Investment activities generated a net cash flow of CNY 32,507,637.84, compared to a net outflow of CNY 189,705,535.45 in the previous year[22]. - The cash and cash equivalents at the end of Q1 2023 amounted to CNY 995,491,641.57, an increase from CNY 837,895,232.10 at the end of Q1 2022[23]. Assets and Liabilities - Total assets at the end of the reporting period were ¥4.64 billion, showing a slight decrease of 0.01% from the previous year[4]. - The total assets of the company as of March 31, 2023, were RMB 4,642,846,415.74, slightly down from RMB 4,643,373,119.97 at the end of 2022[15]. - Total liabilities decreased to RMB 1,280,556,480.57 as of March 31, 2023, from RMB 1,365,404,767.93 at the end of 2022, representing a reduction of approximately 6.2%[14]. - Shareholders' equity attributable to the parent company increased by 2.60% to ¥3.35 billion from ¥3.27 billion at the end of the previous year[4]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 11,988[9]. - The largest shareholder, Guomao Reducer Group Co., Ltd., holds 50.40% of the shares[10]. Government Support and Future Plans - The company received government subsidies amounting to ¥4.72 million, which are closely related to its normal business operations[6]. - The company plans to continue focusing on stable procurement and improving cash flow management in the future[7]. Operational Costs and Expenses - Total operating costs for Q1 2023 were RMB 536,522,179.34, slightly up from RMB 536,439,930.94 in Q1 2022, indicating a marginal increase[17]. - The company reported a decrease in financial expenses, with a net financial income of RMB -3,008,009.05 in Q1 2023 compared to RMB -1,381,706.77 in Q1 2022[17]. - The company continues to focus on research and development, with R&D expenses of RMB 34,891,726.06 in Q1 2023, slightly down from RMB 35,067,392.27 in Q1 2022[17]. - Accounts receivable increased to RMB 417,831,824.71 in Q1 2023 from RMB 258,824,912.75 in Q1 2022, showing a significant rise of approximately 61.5%[13]. - Inventory as of March 31, 2023, was RMB 601,012,421.32, up from RMB 585,331,355.13 at the end of 2022, indicating an increase of about 2.6%[13]. - The company incurred credit impairment losses of CNY -13,684,763.96, compared to CNY -10,364,408.90 in Q1 2022, indicating a deterioration in credit quality[18].