XINYA(SH:605277)2023-04-26 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 658,120,697.60, representing an increase of 82.52% compared to the same period last year[6]. - The net profit attributable to shareholders decreased by 12.96% to CNY 29,851,267.41[6]. - The basic earnings per share for the period was CNY 0.15, down 42.31% year-on-year[7]. - Total operating revenue for Q1 2023 reached ¥658,120,697.60, a significant increase of 82.5% compared to ¥360,568,316.26 in Q1 2022[22]. - Net profit for Q1 2023 was ¥29,851,521.74, a decrease of 13.3% from ¥34,294,428.21 in Q1 2022[23]. - Basic and diluted earnings per share for Q1 2023 were both ¥0.15, down from ¥0.26 in Q1 2022[24]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,837,255,822.02, an increase of 3.36% from the end of the previous year[7]. - As of March 31, 2023, the company's total current assets amounted to ¥1,576,634,717, an increase from ¥1,494,694,033 in the previous year[18]. - Total liabilities as of March 31, 2023, were ¥1,605,172,911.47, compared to ¥1,549,006,612.46 in the previous year[20]. - The company's total assets reached ¥2,837,255,822.02, up from ¥2,745,130,664.23[20]. - The company's equity attributable to shareholders increased to ¥1,232,063,774.83 from ¥1,196,104,481.84, showing a growth of approximately 3%[20]. - The short-term borrowings rose to ¥540,096,833.25 from ¥482,585,285.26, indicating an increase of about 11.9%[19]. Cash Flow - The company reported a net cash flow from operating activities of CNY 40,858,890.43, an increase of 15.65%[6]. - Cash flow from operating activities for Q1 2023 was ¥40,858,890.43, compared to ¥35,329,602.58 in Q1 2022, indicating a positive trend[26]. - Cash inflow from investment activities in Q1 2023 was ¥156,060.00, a decrease from ¥171,937,831.39 in Q1 2022[26]. - Cash outflow from investment activities for Q1 2023 totaled ¥72,942,412.31, down from ¥126,681,145.21 in Q1 2022[26]. - Cash flow from financing activities in Q1 2023 was ¥79,264,592.19, with cash inflow of ¥281,989,086.02 and outflow of ¥202,724,493.83[26]. - The net increase in cash and cash equivalents for Q1 2023 was $45,621,784.29, compared to $80,405,839.67 in the same period last year[27]. Operating Costs and Expenses - The increase in operating costs was 93.32%, primarily due to the consolidation of Zhongde Cable into the financial statements[11]. - Total operating costs for Q1 2023 were ¥624,528,816.25, up 96.3% from ¥317,813,549.98 in Q1 2022[22]. - Research and development expenses rose by 59.68%, reflecting ongoing investment in R&D[11]. - Research and development expenses for Q1 2023 were ¥16,615,488.31, an increase of 59.5% from ¥10,405,457.71 in Q1 2022, indicating a focus on innovation[22]. - The company reported a tax expense of ¥7,194,401.53 for Q1 2023, compared to ¥10,437,946.30 in Q1 2022, reflecting a decrease in tax burden[23]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 17,718[14]. - The largest shareholder, Leqing Lixin Holdings Co., Ltd., holds 28.82% of the shares[14]. Future Outlook - The net profit for the first quarter of 2023 is yet to be disclosed, but the company is expected to provide guidance in future reports[21]. - The company is focusing on expanding its market presence and developing new technologies, although specific details were not disclosed in the current report[21].