Greenda(SH:603931)2023-04-25 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥161,378,448.92, representing a decrease of 33.23% compared to the same period last year[5] - The net profit attributable to shareholders was ¥27,878,442.37, down 29.36% year-on-year[5] - Basic earnings per share decreased by 29.36% to ¥0.14[6] - Total operating revenue for Q1 2023 was ¥161,378,448.92, a decrease of 33.2% compared to ¥241,680,790.33 in Q1 2022[19] - Net profit for Q1 2023 was ¥27,882,096.92, representing a decline of 29.4% from ¥39,470,052.53 in Q1 2022[20] - Basic earnings per share for Q1 2023 were ¥0.14, compared to ¥0.20 in Q1 2022[21] - The company reported a profit before tax of ¥31,858,084.52 for Q1 2023, down from ¥45,403,947.11 in Q1 2022[20] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,534,801,086.11, a decrease of 1.19% from the end of the previous year[6] - As of March 31, 2023, the company's total assets amounted to ¥1,534,801,086.11, a slight decrease from ¥1,553,351,646.74 at the end of 2022[16] - The company's current assets decreased to ¥984,436,156.75 from ¥1,028,249,114.02, reflecting a reduction of approximately 4.25%[17] - Total liabilities decreased to ¥164,131,275.08 from ¥212,073,476.27, a reduction of approximately 22.6%[18] - The company's equity remained stable at ¥199,558,380.00, unchanged from the previous period[18] Cash Flow - The company's cash flow from operating activities was ¥39,543,386.85, with no applicable comparison[5] - Cash inflow from operating activities in Q1 2023 was ¥220,103,497.52, down from ¥234,685,562.70 in Q1 2022[21] - The net cash flow from operating activities for Q1 2023 was $39,543,386.85, a significant improvement compared to a net outflow of $13,641,890.27 in Q1 2022[22] - The cash and cash equivalents at the end of Q1 2023 amounted to $582,768,979.44, down from $707,293,565.47 at the beginning of the period[22] - The net decrease in cash and cash equivalents for the quarter was $126,524,586.03, compared to a decrease of $39,925,737.85 in the same quarter last year[22] - The company did not report any cash inflow from financing activities, with cash outflow recorded at $5,739.49[22] Operating Costs and Income - The company experienced a 38.36% reduction in operating costs, primarily due to decreased material costs[10] - Total operating costs for Q1 2023 were ¥131,581,180.13, down 33.8% from ¥198,845,945.65 in Q1 2022[19] - The company reported a 127.73% increase in non-operating income, attributed to income from equipment disposal[10] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 17,311[12] - The largest shareholder, Hangzhou Electric Chemical Group Co., Ltd., holds 42.1% of the shares[12] Future Plans - The company plans to focus on expanding its market presence and enhancing product development strategies in the upcoming quarters[5] - The company is focusing on enhancing its product development and market expansion strategies in the upcoming quarters[15] - The company has plans for potential mergers and acquisitions to strengthen its market position and expand its product offerings[15] - The company plans to continue focusing on R&D and market expansion strategies to improve future performance[19] Research and Development - Research and development expenses for Q1 2023 were ¥11,529,626.93, an increase from ¥10,432,976.65 in Q1 2022[19] Exchange Rate Impact - The company experienced a foreign exchange gain of ¥885,665.75 in Q1 2023, compared to a loss of ¥104,794.52 in Q1 2022[20] - The impact of exchange rate fluctuations on cash and cash equivalents was a negative $952,777.41, worsening from -$502,407.67 in Q1 2022[22] Accounting Standards - The company has not adopted new accounting standards for the year 2023, indicating stability in financial reporting practices[24]