HQTI(688281)2023-04-20 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥186,718,396.29, representing a year-on-year increase of 31.34%[3] - The net profit attributable to shareholders was ¥88,410,026.25, reflecting a growth of 49.11% compared to the same period last year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥86,756,843.49, which is an increase of 76.13% year-on-year[3] - Operating revenue for Q1 2023 reached ¥186,162,644.08, an increase of 31% compared to ¥142,165,046.74 in Q1 2022[30] - The net profit for Q1 2023 was 87,446,129.89, an increase from 59,293,593.41 in the same period last year, representing a growth of approximately 47.5%[49] - Operating profit for Q1 2023 reached 101,166,952.83, compared to 69,085,253.59 in Q1 2022, indicating a year-over-year increase of about 46.4%[49] - Total profit for Q1 2023 was 101,196,143.50, up from 67,781,510.20 in Q1 2022, reflecting a growth of approximately 49.2%[49] - The net profit for the period was 90,334,729.69, an increase from 59,293,219.78 in the previous period, representing a growth of approximately 52.4%[85] - Operating profit reached 104,492,831.55, compared to 69,084,870.38 in the prior period, indicating a rise of about 51.3%[85] - Total profit amounted to 104,522,021.12, up from 67,781,126.99, reflecting an increase of approximately 54.2%[85] Assets and Liabilities - The total assets at the end of the reporting period were ¥4,374,987,721.71, up 3.69% from the end of the previous year[4] - Total assets as of March 31, 2023, amounted to RMB 4,312,739,342.11, up from RMB 4,161,540,110.34 at the end of 2022[53] - The total liabilities amounted to ¥425,747,613.34, an increase from ¥357,591,501.91 in the previous year[23] - The total equity increased to RMB 3,895,274,286.89 from RMB 3,804,939,557.20, indicating a growth in shareholder value[53] - The company's total current assets reached CNY 3,675,076,865.32, slightly up from CNY 3,646,358,560.24, indicating a marginal increase of about 0.8%[66] Cash Flow - The company's cash flow from operating activities was ¥38,352,977.32[3] - Net cash flow from operating activities was ¥43,621,442.48, a significant improvement from a negative cash flow of ¥71,433,176.54 in the same period last year[32] - Total cash inflow from operating activities was ¥154,821,417.52, up from ¥44,556,422.49 in Q1 2022[32] - Cash flow from operating activities totaled CNY 155,302,173.64, a substantial rise from CNY 44,556,805.70, representing an increase of approximately 248%[81] - The company reported a net increase in cash and cash equivalents of CNY 479,851,906.09, compared to CNY 205,272,206.02 in the previous year, indicating a growth of about 133%[76] Research and Development - Research and development expenses totaled ¥11,884,529.18, which accounted for 6.36% of operating revenue, a decrease of 2.53 percentage points year-on-year[4] - Research and development expenses decreased to ¥10,724,064.82 from ¥12,640,100.11 year-over-year, reflecting a focus on cost management[30] Shareholder Information - The total number of common shareholders at the end of the reporting period was 3,592[42] - The largest shareholder, 折生阳, holds 21,000,000 shares, representing 22.50% of the total shares[42] - The second-largest shareholder, 周万城, owns 9,800,000 shares, accounting for 10.50% of the total shares[42] - The total number of shares held by the top ten unrestricted shareholders includes significant holdings from various investment funds, indicating strong institutional interest[43] Financial Management - The financial income for Q1 2023 included interest income of ¥1,681,953.18, compared to ¥929,181.97 in Q1 2022, showing improved financial management[30] - The company reported a credit impairment loss of -3,466,654.84 for Q1 2023, compared to -7,487,826.34 in the previous year, showing an improvement in credit quality[49] - The company reported a credit impairment loss of -3,442,656.59, which is an improvement from -7,487,826.34 in the previous period[85] Future Plans - The company plans to continue expanding its market presence and developing new products, although specific details were not disclosed in the call[44] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[60]