KSW-TECH(SH:688283)2023-04-17 16:00Financial Performance - The company's revenue for Q1 2023 reached ¥19,271,238.97, representing a year-on-year increase of 60.92%[3] - Net profit attributable to shareholders was ¥2,738,870.73, with a significant improvement compared to the previous year[3] - Total revenue for Q1 2023 reached ¥19,271,238.97, a significant increase of 60.5% compared to ¥11,975,878.31 in Q1 2022[15] - Net profit for Q1 2023 was ¥2,738,870.73, compared to a net loss of ¥612,231.95 in Q1 2022, marking a turnaround[16] - Operating profit for Q1 2023 was ¥3,580,450.22, a recovery from a loss of ¥422,288.79 in Q1 2022[16] - The company reported a total comprehensive income of ¥2,738,870.73 for Q1 2023, compared to a loss of ¥612,231.95 in Q1 2022[17] - Basic earnings per share for Q1 2023 were ¥0.03, recovering from a loss of ¥0.01 per share in Q1 2022[17] Cash Flow and Liquidity - The net cash flow from operating activities was -¥44,078,626.69, indicating cash outflow during the quarter[3] - Cash flow from operating activities in Q1 2023 was negative at -¥44,078,626.69, worsening from -¥14,015,644.21 in Q1 2022[21] - Cash inflow from operating activities totaled ¥29,822,713.85 in Q1 2023, down from ¥33,149,269.70 in Q1 2022[21] - Cash outflow from operating activities increased to ¥73,901,340.54 in Q1 2023, compared to ¥47,164,913.91 in Q1 2022[21] - The net cash flow from financing activities was -147,143.15, indicating a significant outflow[22] - The cash and cash equivalents at the end of the period totaled 407,269,051.90, down from 548,409,221.47 at the beginning of the period[22] - The cash and cash equivalents net increase was -141,140,169.57, indicating a decrease in liquidity[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥983,639,080.08, down 2.80% from the end of the previous year[4] - The company's current assets totaled CNY 880,727,085.64, down from CNY 928,602,545.53 at the end of 2022, reflecting a decrease of approximately 5.9%[11] - The total liabilities of the company were CNY 92,742,929.74, down from CNY 123,848,379.40, indicating a significant reduction of approximately 25.1%[13] - The company's equity attributable to shareholders increased slightly to CNY 890,896,150.34 from CNY 888,177,747.37, showing a growth of about 0.2%[13] - The company’s total liabilities to total assets ratio improved to approximately 9.4% from 12.2%[13] - The total assets of Chengdu Kunheng Shunwei Technology Co., Ltd. amounted to CNY 983,639,080.08, a decrease from CNY 1,012,026,126.77 at the end of 2022[12] - The total liabilities rose from 123,848,379.40 to 123,930,316.82, with an increase of 81,937.42[26] Research and Development - R&D investment totaled ¥8,006,968.95, accounting for 41.55% of revenue, a decrease of 4.21 percentage points from the previous year[4] - R&D expenses increased to ¥8,006,968.95 in Q1 2023, representing a 45.9% rise from ¥5,479,964.82 in Q1 2022[16] - The company plans to continue high-intensity R&D investments to enhance product performance and expand application areas[6] Shareholder Information - The top ten shareholders include Zhang Jilin with 29.81% ownership and Wu Jiangnian with 20.64% ownership[8] Inventory and Receivables - The inventory increased to CNY 103,285,875.72 from CNY 87,673,857.65, marking an increase of approximately 17.7%[12] - The company’s receivables, including accounts receivable, remained stable at 136,460,365.82[24] - The company’s inventory stood at 87,673,857.65, reflecting stable operational levels[24] Accounting and Reporting Changes - The company implemented new accounting standards starting January 1, 2023, affecting the recognition of deferred tax assets and liabilities[22] - The company has not provided any future outlook or guidance in the current report[10]