CWB(SH:605005)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥308,977,792.79, representing a decrease of 10.13% compared to the same period last year[5] - The net profit attributable to shareholders was ¥37,758,792.66, an increase of 13.84% year-on-year[5] - The basic earnings per share for the period was ¥0.09, reflecting a growth of 12.5%[6] - Total operating revenue for Q1 2023 was ¥308,977,792.79, a decrease of 10.15% compared to ¥343,817,213.97 in Q1 2022[21] - Net profit for Q1 2023 was ¥37,758,792.66, an increase of 13.06% from ¥33,168,450.92 in Q1 2022[22] - Earnings per share for Q1 2023 were ¥0.09, up from ¥0.08 in Q1 2022[23] - The company reported a total comprehensive income of ¥38,503,782.69 for Q1 2023, up from ¥32,601,433.27 in Q1 2022[23] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,015,513,912.78, an increase of 1.47% from the end of the previous year[6] - As of March 31, 2023, total assets amounted to RMB 2,015,513,912.78, an increase from RMB 1,986,307,179.50 as of December 31, 2022, reflecting a growth of approximately 1.3%[16] - The company's current assets totaled RMB 1,104,263,644.20, down from RMB 1,161,639,340.93, indicating a decrease of about 4.9%[17] - Total liabilities decreased to RMB 373,570,486.03 from RMB 384,640,949.05, a reduction of approximately 2.8%[18] - Short-term borrowings rose significantly to RMB 30,056,763.89 from RMB 4,729,816.67, marking an increase of approximately 535.5%[18] Cash Flow - The net cash flow from operating activities was ¥66,829,343.93, with no applicable comparison due to the nature of the data[5] - Cash flow from operating activities generated a net inflow of ¥66,829,343.93 in Q1 2023, compared to a net outflow of ¥15,308,070.05 in Q1 2022[26] - Cash inflow from investment activities was ¥211,045,934.05 in Q1 2023, significantly higher than ¥70,329,467.38 in Q1 2022[26] - Cash outflow for investment activities increased to ¥335,029,081.79 in Q1 2023 from ¥94,395,508.08 in Q1 2022[26] - The net increase in cash and cash equivalents for Q1 2023 was a decrease of $1,370,232.30, contrasting with an increase of $10,236,714.93 in Q1 2022[27] Government Support and Taxation - The company received government subsidies related to its operations, which contributed to an increase in other income by 50.53%[11] - The company experienced a 67.93% decrease in taxes and surcharges, primarily due to tax exemptions applied for property and land use taxes[10] Shareholder Information - The top shareholder, Hexing Group Co., Ltd., holds 75.91% of the shares, indicating a strong control over the company[14] Future Plans and Investments - The company plans to continue expanding its market presence and investing in new projects, as indicated by increased capital expenditures for new equipment and production lines[11] Audit and Compliance - There are no significant changes in the audit opinion type, remaining as unaudited for the current quarter[15] - The company did not apply new accounting standards or interpretations for the first time in 2023[27]