SHIHUA(SH:688093)2023-04-17 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 81,512,553.24, representing a year-on-year increase of 0.92%[5] - The net profit attributable to shareholders was CNY 30,049,584.42, reflecting a year-on-year increase of 5.47%[5] - Total operating revenue for Q1 2023 was CNY 81,512,553.24, a slight increase of 0.92% compared to CNY 80,767,057.10 in Q1 2022[19] - Net profit for Q1 2023 reached CNY 30,049,584.42, representing a 5.48% increase from CNY 28,491,318.10 in Q1 2022[20] - Earnings per share for Q1 2023 remained stable at CNY 0.12, unchanged from Q1 2022[20] - Comprehensive income for Q1 2023 totaled CNY 30,148,775.86, an increase from CNY 28,489,047.79 in Q1 2022[20] Cash Flow - The net cash flow from operating activities increased significantly by 99.31% to CNY 61,995,214.90, mainly due to increased cash receipts from sales and government subsidies[8] - In Q1 2023, the cash inflow from operating activities was CNY 138,426,924.18, an increase of 8.5% compared to CNY 127,249,646.92 in Q1 2022[22] - The net cash flow from operating activities reached CNY 61,995,214.90, significantly up from CNY 31,104,569.00 in the same period last year, marking a growth of 99.5%[22] - The cash inflow from investment activities totaled CNY 194,070,588.44, compared to CNY 146,476,340.96 in Q1 2022, reflecting a year-over-year increase of 32.4%[23] - The total cash outflow from investment activities was CNY 228,279,902.73, up from CNY 128,984,925.71 in the previous year, indicating a 77.1% increase[23] - The total cash outflow for operating activities was CNY 76,431,709.28, down from CNY 96,145,077.92 in the previous year, showing a decrease of 20.5%[22] Assets and Liabilities - Total assets at the end of Q1 2023 reached CNY 1,515,390,909.43, up 2.94% from the end of the previous year[6] - The total equity attributable to shareholders increased by 2.15% to CNY 1,445,316,005.21 compared to the end of the previous year[6] - Total liabilities as of Q1 2023 amounted to CNY 70,074,904.22, an increase from CNY 57,174,649.58 in the previous year[18] - Non-current assets totaled RMB 941,359,939.89, up from RMB 886,237,592.46, marking an increase of approximately 6.2%[15] Shareholder Information - The company had a total of 5,038 common shareholders at the end of the reporting period[9] - The company plans to issue shares to specific investors, having received approval from the China Securities Regulatory Commission on March 23, 2023[12] Research and Development - Research and development expenses totaled CNY 7,685,485.45, accounting for 9.43% of operating revenue, a decrease of 0.27 percentage points year-on-year[5] - Research and development expenses for Q1 2023 were CNY 7,685,485.45, slightly down from CNY 7,836,100.88 in Q1 2022[19] Other Financial Metrics - The weighted average return on equity was 1.54%, a decrease of 0.18 percentage points compared to the previous year[5] - Other income for Q1 2023 was CNY 4,368,756.98, significantly higher than CNY 835,246.19 in Q1 2022[19] - The company reported a tax expense of CNY 4,928,383.19 for Q1 2023, compared to CNY 4,183,621.15 in Q1 2022[20] - Non-recurring gains and losses amounted to CNY 7,779,934.54 after tax[7] Inventory and Receivables - Accounts receivable decreased to RMB 122,056,680.01 from RMB 160,943,802.76, indicating a reduction of approximately 24%[14] - Inventory increased to RMB 53,813,654.93 from RMB 49,079,844.93, reflecting a growth of about 9.5%[14] Loans and Collateral - The company secured a loan of RMB 120 million from Bank of China for a new high-efficiency sealing glue project, with a term of 60 months[11] - The company has pledged land use rights as collateral for the loan, with a mortgage period from January 3, 2023, to April 27, 2025[12]