Willfar(SH:688100)2023-04-25 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥423,047,075.24, representing a year-on-year increase of 12.27%[8] - Net profit attributable to shareholders was ¥91,177,203.97, reflecting a significant increase of 40.07% compared to the same period last year[8] - The net profit after deducting non-recurring gains and losses was ¥88,155,348.63, which is up by 42.65% year-on-year[8] - Basic earnings per share were ¥0.19, an increase of 46.15% compared to the previous year[9] - Total revenue for Q1 2023 reached CNY 423,047,075.24, an increase of 12.2% compared to CNY 376,812,505.39 in Q1 2022[57] - Net profit for Q1 2023 was CNY 91,286,374.33, up 39.9% from CNY 65,165,192.13 in Q1 2022[49] - Total comprehensive income for Q1 2023 was CNY 91,286,374.33, compared to CNY 65,165,192.13 in Q1 2022, indicating strong overall performance[49] Cash Flow and Investments - The net cash flow from operating activities reached ¥38,274,764.34, marking an impressive increase of 81.14%[9] - Cash flow from operating activities for Q1 2023 was CNY 38,274,764.34, significantly higher than CNY 21,130,358.33 in Q1 2022[50] - The company received CNY 36,009,538.34 in tax refunds during Q1 2023, a significant increase from CNY 4,992,745.11 in Q1 2022[50] - The company reported a significant increase in cash inflows from investment activities, totaling CNY 185,600,254.36 in Q1 2023, compared to CNY 60,181,537.92 in Q1 2022[53] - Investment activities resulted in a net cash outflow of CNY 266,724,938.74 in Q1 2023, compared to a net outflow of CNY 154,170,300.07 in Q1 2022[53] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,944,735,815.21, a slight increase of 0.68% from the end of the previous year[9] - The total assets of the company as of March 31, 2023, amounted to RMB 3.94 billion, compared to RMB 3.92 billion at the end of 2022[35] - The total liabilities increased to RMB 1.29 billion from RMB 1.17 billion year-on-year[35] - The equity attributable to shareholders decreased to RMB 2.62 billion from RMB 2.72 billion year-on-year[35] Research and Development - Research and development expenses totaled ¥43,245,548.78, which is 10.22% of operating revenue, up by 1.27 percentage points year-on-year[9] - As of the end of the reporting period, the company had 382 R&D personnel, making up 49.5% of the total workforce, and added 19 new patents during the period[42] - The total number of effective patents held by the company reached 709, including 125 invention patents, along with 847 software copyrights and 10 integrated circuit layout design rights[42] - The company participated in the formulation of 62 standards, including 36 national standards and 11 industry standards[42] Market Performance - Domestic market revenue was RMB 335.59 million, contributing 79.81% of main business revenue, with a year-on-year growth of 7.68%; international market revenue was RMB 84.91 million, accounting for 20.19% and growing 35.60% year-on-year[41] - The company signed new contracts worth RMB 586 million year-to-date, reflecting a growth of 2.33%, with a total backlog of contracts amounting to RMB 2.64 billion, up 43.01% year-on-year[41] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[56]