Worldia(SH:688028)2023-04-23 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 107,810,680.56, representing a year-on-year increase of 56.34%[2] - The net profit attributable to shareholders was CNY 10,242,509.20, reflecting a growth of 43.32% compared to the same period last year[2] - Operating profit for Q1 2023 was CNY 11,773,560.16, up 30.5% from CNY 9,027,273.25 in the same period last year[17] - Net profit attributable to shareholders of the parent company for Q1 2023 was CNY 10,242,509.20, representing a 43.5% increase from CNY 7,146,606.07 in Q1 2022[17] - The company reported a gross profit margin of approximately 43.4% in Q1 2023, compared to 50.2% in Q1 2022[16] - The total comprehensive income for Q1 2023 was CNY 7,837,819.63, down from CNY 16,496,178.34 in the same quarter last year[29] Research and Development - Research and development expenses totaled CNY 11,240,126.29, which is an increase of 80.81% year-on-year, accounting for 10.43% of operating revenue[3] - Research and development expenses increased to CNY 11,240,126.29 in Q1 2023, up 80.8% from CNY 6,216,679.23 in Q1 2022, indicating a focus on innovation[16] - Research and development expenses increased to CNY 3,358,392.19, up 38.5% from CNY 2,425,764.76 in the same period last year[28] Cash Flow and Liquidity - The net cash flow from operating activities was CNY 26,410,628.04, attributed to increased sales collections[7] - In Q1 2023, the company reported operating cash inflow of ¥158,913,649.43, a significant increase of 119.9% compared to ¥72,388,588.58 in Q1 2022[20] - The net cash flow from operating activities was ¥26,410,628.04, recovering from a negative cash flow of -¥9,749,056.09 in the same period last year[20] - The company’s cash and cash equivalents at the end of Q1 2023 were ¥409,338,844.04, down from ¥449,544,924.44 at the beginning of the quarter[21] - The company’s net cash flow from investing activities was -¥46,183,975.03, worsening from -¥17,962,263.98 in Q1 2022[21] - The company’s net cash flow from financing activities was -¥20,131,532.44, compared to a positive cash flow of ¥1,052,283.95 in the previous year[21] Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,042,680,181.21, a decrease of 0.94% from the end of the previous year[3] - The company's current assets totaled CNY 828,375,563.68, down from CNY 871,652,993.92 at the end of 2022, indicating a decrease of about 4.96%[12] - Total liabilities decreased to CNY 151,735,334.83 in Q1 2023 from CNY 181,126,290.28 in Q1 2022, reflecting improved financial stability[16] - The total liabilities decreased to ¥75,826,853.73 from ¥106,921,539.29, indicating improved financial stability[25] - The company's total equity attributable to shareholders reached CNY 1,890,403,523.73, an increase from CNY 1,880,151,767.36 in the previous year[16] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 6,336[9] - The company's total equity rose to ¥1,759,412,177.35 from ¥1,751,574,357.72, indicating a stable growth in shareholder value[26] Market and Future Outlook - The company experienced a significant increase in revenue due to the addition of the subsidiary Xinjinquan and growing demand in the new energy vehicle and wind power sectors[6] - The company aims to expand its market presence and enhance product offerings, although specific future projections were not detailed in the report[16]