IRON TECH(SH:688329)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥51,051,516.10, representing an increase of 18.42% compared to the same period last year[5]. - Total operating revenue for Q1 2023 reached ¥51,051,516.10, an increase of 18.5% compared to ¥43,109,552.26 in Q1 2022[20]. - The net profit attributable to shareholders was ¥2,551,313.76, while the net profit after deducting non-recurring gains and losses was -¥2,529,290.44, indicating a significant change[5]. - Net profit for Q1 2023 was ¥2,365,205.59, a significant recovery from a net loss of ¥877,212.95 in Q1 2022[22]. - Earnings per share for Q1 2023 were ¥0.03, compared to a loss of ¥0.01 per share in Q1 2022[22]. - The company experienced a financial expense of ¥974,524.50 in Q1 2023, compared to a financial income of ¥354,383.97 in Q1 2022[20]. Cash Flow - The net cash flow from operating activities reached ¥10,018,758.57, showing a substantial increase of 60.59% year-on-year[6]. - The net cash flow from operating activities for Q1 2023 was $10,018,758.57, an increase of 60% compared to $6,238,788.63 in Q1 2022[23]. - Cash inflow from operating activities in Q1 2023 totaled ¥124,116,841.08, down from ¥151,053,926.41 in Q1 2022[22]. - Total cash outflow from operating activities was $114,098,082.51, down 21% from $144,815,137.78 in the previous year[23]. - Cash inflow from investment activities totaled $120,793,292.38, a decrease of 9% from $133,014,779.44 in Q1 2022[23]. - The net cash flow from investment activities was -$3,462,260.24, compared to a positive cash flow of $50,706,706.94 in the same period last year[23]. - Cash inflow from financing activities was $20,098,752.14, down 44% from $35,655.73 in Q1 2022[23]. - The net cash flow from financing activities was -$1,727,081.19, an improvement from -$2,344,953.73 in Q1 2022[23]. - The total cash and cash equivalents at the end of Q1 2023 was $200,676,801.28, slightly down from $206,477,561.64 at the end of Q1 2022[24]. - The net increase in cash and cash equivalents for Q1 2023 was $4,829,417.14, a significant decrease from $54,603,102.20 in Q1 2022[24]. Research and Development - Research and development expenses totaled ¥10,258,843.29, accounting for 20.10% of operating revenue, which is an increase of 5.60 percentage points compared to the previous year[6]. - Research and development expenses increased to ¥10,258,843.29 in Q1 2023, up 64.3% from ¥6,249,043.84 in Q1 2022[20]. - The company plans to continue increasing its R&D investment to support new product development and market expansion[9]. - The company plans to continue focusing on market expansion and new product development in the upcoming quarters[19]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,406,468,753.97, a decrease of 0.46% from the end of the previous year[6]. - The total current assets as of March 31, 2023, amounted to ¥789,366,351.37, a decrease from ¥839,839,342.34 at the end of 2022, reflecting a decline of approximately 6%[14]. - The company's cash and cash equivalents were reported at ¥218,658,488.70, compared to ¥217,993,993.89 at the end of 2022, indicating a slight increase[14]. - Accounts receivable decreased from ¥305,460,571.39 to ¥282,625,891.44, representing a reduction of about 7.4%[14]. - The total non-current assets increased from ¥573,093,707.16 to ¥617,102,402.60, showing an increase of approximately 7.7%[17]. - The total liabilities increased from ¥1,412,933,049.50 to ¥1,406,468,753.97, indicating a slight decrease in total liabilities[17]. - The company reported a total liability of ¥582,837,687.36 as of Q1 2023, compared to ¥563,785,832.40 in the previous year[18]. - Total equity attributable to shareholders was ¥812,812,699.41 in Q1 2023, a decrease from ¥838,142,741.73 in Q1 2022[18]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 3,779[11]. - The top shareholder, Zhang Yinhua, holds 29.86% of the shares, totaling 23,055,000 shares[11]. Other Information - The company reported non-recurring gains of ¥5,080,604.20, primarily due to government subsidies related to normal business operations[8]. - The company has not disclosed any new product or technology developments in the current report[14]. - There are no significant mergers or acquisitions reported during the quarter[14].