Huate Gas(SH:688268)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥358,851,243.85, a decrease of 6.42% compared to the same period last year[3] - The net profit attributable to shareholders was ¥40,021,231.35, reflecting a slight increase of 2.16% year-on-year[3] - The net profit after deducting non-recurring gains and losses was ¥38,811,091.91, which represents a growth of 10.57% compared to the previous year[3] - Total revenue for Q1 2023 was CNY 358,851,243.85, a decrease of 6.4% compared to CNY 383,464,579.24 in Q1 2022[15] - The net profit for Q1 2023 was CNY 40,395,854.89, a slight increase from CNY 39,003,485.29 in Q1 2022, representing a growth of 3.57%[16] - The total operating profit for Q1 2023 was CNY 47,510,785.38, compared to CNY 41,541,573.21 in Q1 2022, reflecting an increase of 14.4%[16] - The company reported a total comprehensive income of CNY 39,953,623.22 for Q1 2023, slightly higher than CNY 39,771,907.09 in Q1 2022[17] Expenses and Costs - Research and development expenses totaled ¥10,625,282.23, down by 32.99% year-on-year, accounting for 2.96% of operating revenue[4] - Total operating costs for Q1 2023 were CNY 315,241,625.03, down 8.7% from CNY 345,084,612.20 in Q1 2022[15] - Research and development expenses decreased to CNY 10,625,282.23 in Q1 2023, down 33.1% from CNY 15,856,748.64 in Q1 2022[15] Assets and Liabilities - Total assets increased by 30.06% to ¥3,114,441,961.00 compared to the end of the previous year[4] - Cash and cash equivalents increased to CNY 1,094,391,365.93 as of March 31, 2023, up 128.5% from CNY 479,359,755.76 at the end of 2022[11] - Non-current liabilities rose to CNY 844,181,153.96, a significant increase from CNY 321,953,525.16 at the end of 2022[13] - The company’s total liabilities amounted to CNY 1,320,997,105.76, an increase of 63.1% from CNY 809,073,799.12 at the end of 2022[13] - The equity attributable to shareholders increased to CNY 1,749,006,598.73, up from CNY 1,541,701,279.11 at the end of 2022[13] Shareholder Information - The company had a total of 8,551 common shareholders at the end of the reporting period[8] - Major shareholders included Guangdong Huate Investment Management Co., Ltd. with a 22.14% stake and Xiamen Huahong Duofu Investment Partnership with a 13.48% stake[9] Cash Flow - The net cash flow from operating activities was ¥68,346,716.61, with no applicable percentage change due to prior sales growth and inventory adjustments[6] - The cash flow from operating activities showed a net increase of CNY 68,346,716.61, compared to a net outflow of CNY 23,312,824.81 in Q1 2022[19] - The company recorded a cash inflow from financing activities of CNY 678,368,487.42, a substantial increase from CNY 47,039,996.90 in the previous year[19] - The cash outflow from investment activities was CNY 153,098,410.14, slightly worse than the outflow of CNY 146,113,335.80 in Q1 2022[19] Earnings Per Share - The basic earnings per share remained at ¥0.33, unchanged from the previous year[4] - The basic and diluted earnings per share remained stable at CNY 0.33 for both Q1 2023 and Q1 2022[17] Other Financial Metrics - The weighted average return on equity was 2.43%, a decrease of 0.36 percentage points[4] - Gross profit margin for Q1 2023 was approximately 10.5%, compared to 18.5% in Q1 2022[15] - The company experienced a decrease in other comprehensive income, with a net amount of CNY -442,231.67 in Q1 2023, compared to CNY 768,421.80 in Q1 2022[16]