RAYNEN(603933)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥465,485,065.02, representing a decrease of 11.64% compared to the same period last year[4] - The net profit attributable to shareholders was ¥16,800,039.41, down 26.96% year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥14,574,420.30, a decline of 29.42% compared to the previous year[4] - The basic earnings per share were ¥0.0809, reflecting a decrease of 25.85% year-on-year[4] - Net profit for Q1 2023 was ¥16,945,388.50, a decline of 29.1% from ¥23,893,425.72 in Q1 2022[17] - Earnings per share for Q1 2023 was ¥0.0809, compared to ¥0.1091 in Q1 2022, reflecting a decrease of 25.9%[18] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,202,201,059.83, an increase of 4.47% from the end of the previous year[4] - Total assets reached ¥2,202,201,059.83, compared to ¥2,107,915,277.61 at the end of 2022, marking an increase of about 4.5%[13] - Current liabilities totaled ¥860,440,030.56, up from ¥793,195,601.65, indicating a rise of approximately 8.5%[13] - The total liabilities increased to ¥926,126,660.20 in Q1 2023 from ¥844,168,468.51 in Q1 2022, marking an increase of 9.7%[17] - The company reported a long-term loan of ¥25,465,302.59, which increased from ¥9,600,000.00, showing a significant rise of approximately 164.5%[13] Cash Flow - The net cash flow from operating activities was ¥32,029,544.06, with no applicable year-on-year comparison[7] - Cash inflow from operating activities in Q1 2023 was ¥484,547,393.52, slightly down from ¥502,681,288.10 in Q1 2022[20] - The total cash outflow from operating activities was ¥452,517,849.46, down from ¥520,812,540.89 in Q1 2022[21] - The company incurred ¥73,069,550.77 in cash outflows from investing activities, a decrease from ¥277,500,841.69 in the previous year[21] - Cash inflow from financing activities amounted to ¥161,487,483.73, slightly up from ¥157,636,560.28 in Q1 2022, with a net cash flow of ¥6,383,112.87[21] Inventory and Receivables - Accounts receivable stood at ¥473,185,858.04, slightly up from ¥469,145,787.34, indicating a growth of about 0.8%[12] - Inventory increased to ¥757,601,565.19 from ¥687,250,466.55, reflecting a growth of approximately 10.2%[12] - The company reported a significant increase in accounts payable by 57.01% due to increased inventory levels[7] Shareholder Information - The total number of common shareholders at the end of the reporting period was 15,616[9] - The company has a major shareholder, Ruineng Industrial Co., Ltd., holding 64.32% of the shares[9] Research and Development - The company reported a decrease in research and development expenses to ¥27,558,756.47 in Q1 2023 from ¥27,031,685.69 in Q1 2022, indicating a slight increase of 1.9%[17] - The company is actively involved in the development of new technologies and products, although specific details were not disclosed in the report[10] Financial Expenses and Income - Financial expenses rose by 47.39% to ¥3,117,465.00, primarily due to increased loan interest[7] - The investment income decreased by 91.82% to ¥197,421.86, attributed to reduced financial investment amounts[7] Other Comprehensive Income - Other comprehensive income after tax for Q1 2023 was -¥4,038,373.70, compared to -¥770,816.74 in Q1 2022, showing a significant decline[18] Cash and Cash Equivalents - The company's cash and cash equivalents amounted to ¥141,074,163.49, an increase from ¥131,779,421.38 at the end of 2022, representing a growth of approximately 1.0%[12] - The total cash and cash equivalents at the end of Q1 2023 stood at ¥109,469,002.96, compared to ¥132,460,890.29 at the end of Q1 2022[21]