GDTC(SH:688186)2023-04-21 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥862,706,303.43, representing a year-on-year increase of 30.24%[5] - The net profit attributable to shareholders was ¥72,501,358.87, reflecting a significant increase of 247.50% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥41,215,495.43, up by 227.33% year-on-year[5] - Basic and diluted earnings per share were both ¥0.34, an increase of 240.00% compared to the previous year[6] - The net profit for Q1 2023 reached ¥76,895,341.33, compared to ¥23,811,808.06 in Q1 2022, representing a significant increase of 222.5%[22] - The basic and diluted earnings per share for Q1 2023 were both ¥0.34, compared to ¥0.10 in Q1 2022[23] Research and Development - The company's R&D investment totaled ¥48,040,864.01, which is a 30.97% increase year-on-year, indicating a focus on developing wind power products and high-temperature alloy products[9] - Research and development expenses increased to ¥48,040,864.01 in Q1 2023, up from ¥36,680,275.60 in Q1 2022, marking a rise of 31.0%[22] - The company plans to continue increasing investment in R&D to enhance product development capabilities and market competitiveness[9] Assets and Liabilities - The total assets at the end of the reporting period were ¥10,550,021,871.06, a slight increase of 0.83% from the end of the previous year[6] - As of March 31, 2023, the total assets of the company amounted to RMB 10,550,021,871.06, an increase from RMB 10,463,562,122.26 as of December 31, 2022, reflecting a growth of approximately 0.83%[15] - The total liabilities as of Q1 2023 amounted to ¥6,703,219,845.03, slightly up from ¥6,695,290,475.90 in the previous year[18] - The total non-current liabilities as of Q1 2023 were ¥2,796,843,343.23, an increase from ¥2,732,563,157.72 in the previous year[18] - The total equity attributable to shareholders increased to ¥3,502,316,472.26 in Q1 2023 from ¥3,428,546,729.83 in Q1 2022, reflecting a growth of 2.1%[18] Cash Flow - The net cash flow from operating activities was negative at -¥135,059,468.68, indicating cash outflow during the quarter[6] - The net cash flow from operating activities was -135,059,468.68, compared to -105,733,472.61 in the previous year, indicating a decline in operational cash generation[25] - Cash received from sales of goods and services in Q1 2023 was ¥172,165,396.52, down from ¥206,826,272.52 in Q1 2022, indicating a decrease of 16.8%[24] - The net cash flow from investing activities was -213,989,101.09, compared to -454,167,687.27 in the previous year, showing an improvement in investment cash outflows[26] - Cash inflow from financing activities totaled 691,175,632.58, a significant decrease from 1,461,639,828.90 in the prior year[26] - Total cash outflow from financing activities was 939,255,571.73, compared to 597,417,395.33 in the previous year, indicating higher financing costs[26] Other Financial Metrics - The weighted average return on equity increased by 1.42 percentage points to 2.09%[6] - The company's cash and cash equivalents decreased to RMB 971,495,744.43 from RMB 1,479,146,035.58, representing a decline of about 34.3%[15] - Accounts receivable increased to RMB 968,549,153.17 from RMB 802,524,271.21, marking a rise of approximately 20.6%[16] - Inventory levels rose to RMB 2,042,126,314.80 from RMB 1,976,185,428.01, indicating an increase of around 3.34%[16] - The company's non-current assets totaled RMB 5,112,643,223.31, up from RMB 4,858,775,690.20, which is an increase of about 5.2%[16] - The total current assets decreased to RMB 5,437,378,647.75 from RMB 5,604,786,432.06, reflecting a decline of approximately 3%[16] - The company reported a significant increase in receivables from notes, which rose to RMB 838,468,636.20 from RMB 743,435,088.55, a growth of about 12.8%[16] Market and Future Outlook - The company has not disclosed any new product or technology developments in this quarter[14] - There are no updates on market expansion or mergers and acquisitions mentioned in the report[14] - The company has not provided specific future guidance or outlook for the upcoming quarters[14]