Hopechart(SH:688288)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥85,006,171.01, representing a year-on-year increase of 23.10%[5] - Total revenue for Q1 2023 was ¥85,006,171.01, an increase of 23.1% compared to ¥69,056,754.70 in Q1 2022[19] - Total operating costs for Q1 2023 were ¥97,065,243.96, up from ¥87,073,621.63 in Q1 2022, representing an increase of 11.4%[19] - Net profit for Q1 2023 was -¥11,076,378.12, an improvement from -¥18,509,079.16 in Q1 2022, indicating a reduction in losses by 40.5%[20] - Operating cash flow for Q1 2023 was -¥6,812,583.72, a significant improvement from -¥55,233,355.22 in Q1 2022[22] - Basic and diluted earnings per share for Q1 2023 were both -¥0.11, compared to -¥0.15 in Q1 2022[21] Cash Flow and Liquidity - The net cash flow from operating activities was negative at ¥6,812,583.72[5] - Cash and cash equivalents at the end of Q1 2023 were ¥202,275,108.13, down from ¥309,488,796.74 at the end of Q1 2022[23] - The company received cash inflow from operating activities totaling ¥73,110,057.38 in Q1 2023, compared to ¥57,994,391.96 in Q1 2022, an increase of 26.1%[22] - Total investment cash outflow for Q1 2023 was ¥26,643,792.13, compared to ¥43,511,688.98 in Q1 2022, showing a decrease of 38.7%[22] - The company raised ¥40,000,000.00 through borrowings in Q1 2023, with cash outflow for debt repayment amounting to ¥25,076,500.00[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥993,012,257.62, an increase of 0.85% from the end of the previous year[6] - As of March 31, 2023, the total assets of the company amounted to RMB 993,012,257.62, an increase from RMB 984,664,765.07 at the end of 2022, reflecting a growth of approximately 0.35%[17] - The total liabilities increased to RMB 195,001,915.97 from RMB 178,090,559.78, representing an increase of about 9.3%[17] - The company's total current assets reached RMB 619,972,338.69, slightly up from RMB 612,105,189.78, indicating a growth of approximately 1.42%[15] - The company's total equity attributable to shareholders decreased to RMB 798,055,818.05 from RMB 806,331,284.19, a decline of about 1.6%[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 5,288[10] - The largest shareholder, He Junqiang, holds 35.31% of the shares, followed by Beijing Qianfang Technology Co., Ltd. with 14.90%[11] Research and Development - Research and development expenses totaled ¥29,152,153.27, accounting for 34.29% of operating revenue, a decrease of 7.21 percentage points compared to the previous year[6] - Research and development expenses for Q1 2023 were ¥29,819,147.38, slightly up from ¥28,659,132.71 in Q1 2022[19] Inventory and Accounts - The company's inventory decreased slightly to RMB 76,571,130.61 from RMB 78,075,392.37, a decline of approximately 1.9%[15] - The accounts receivable increased to RMB 136,303,494.30 from RMB 131,997,522.55, marking an increase of approximately 3.4%[15] - The company reported a total of RMB 4,745,240.37 in accounts payable, which increased from RMB 2,569,312.71, reflecting a significant rise of approximately 84.9%[16] - The non-current liabilities rose to RMB 12,280,686.07 from RMB 8,844,125.24, indicating an increase of about 38.5%[17] - The company’s long-term investments in real estate increased significantly to RMB 129,948,425.02 from RMB 78,477,056.55, representing a growth of approximately 65.5%[16] Revenue Drivers - The increase in operating revenue was attributed to a gradual recovery in the macro economy and increased demand for commercial vehicles starting in February[8] - The company reported an increase in cash received from sales due to a rise in orders, while procurement payments decreased[8]