纵横股份(688070) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was ¥79,863,816.74, representing a 68.00% increase compared to the same period last year[4] - The net profit attributable to shareholders was ¥1,478,285.93, showing a significant increase of 164.61% year-over-year[4] - The net profit after deducting non-recurring gains and losses was -¥777,822.22, reflecting an increase of 80.20% in losses compared to the previous year[4] - The company's basic and diluted earnings per share were both ¥0.02, reflecting a 166.67% increase year-over-year[4] - The operating profit for Q1 2023 was ¥104,947.64, a recovery from a loss of ¥2,539,743.58 in Q1 2022[22] - Net profit for Q1 2023 was ¥1,264,956.96, compared to a net loss of ¥2,439,714.34 in Q1 2022, marking a turnaround in profitability[23] Research and Development - The total R&D investment amounted to ¥15,739,696.54, which is 19.71% of the operating revenue, marking a 76.02% increase in R&D spending[6] - Research and development expenses for Q1 2023 were ¥8,735,704.65, up from ¥7,223,133.91 in Q1 2022, indicating a focus on innovation[22] Cash Flow and Liquidity - The company's cash flow from operating activities was -¥71,066,499.70, a decrease of 47.14% compared to the previous year[10] - Cash inflow from operating activities for Q1 2023 was $50,173,549, an increase of 10.5% compared to $45,384,814 in Q1 2022[25] - Cash outflow from operating activities for Q1 2023 was $121,240,048, up 29.4% from $93,682,787 in Q1 2022[25] - The ending cash and cash equivalents balance for Q1 2023 was $105,956,020, down from $210,088,346 in Q1 2022[26] - The company reported a net increase in cash and cash equivalents of -$74,126,171 for Q1 2023, compared to -$86,795,103 in Q1 2022[26] Assets and Liabilities - The total assets at the end of the reporting period were ¥930,106,318.19, a decrease of 2.06% from the end of the previous year[6] - The total assets as of Q1 2023 amounted to ¥930,106,318.19, slightly down from ¥949,712,289.58 in the previous year[19] - Total liabilities decreased to ¥258,005,770.68 in Q1 2023 from ¥277,385,029.36 in Q1 2022, reflecting a reduction of approximately 7%[19] Market and Business Strategy - The company is focusing on expanding its market presence in domestic and international markets, particularly in the fields of security, emergency response, and energy inspection[14] - The company plans to enhance product development and market expansion based on customer needs and contract agreements[14] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[24] Operational Performance - The company reported a significant improvement in operational performance compared to the same period last year due to new orders and existing order reserves[14] - The company signed new orders worth 110 million RMB in Q1 2023, representing a year-on-year growth of over 60%[14] - The total order backlog at the end of Q1 2023 was 200 million RMB[14] Financial Risks and Uncertainties - The company emphasizes the uncertainty in future performance due to macroeconomic conditions and industry policies[14]