SINEE(SH:688395)2023-04-26 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥98,719,458.62, representing an increase of 8.21% compared to the same period last year[2]. - The net profit attributable to shareholders was ¥16,965,390.67, reflecting an increase of 18.73% year-on-year[2]. - The net profit after deducting non-recurring gains and losses was ¥14,581,305.58, up by 14.02% compared to the previous year[2]. - Basic and diluted earnings per share were both ¥0.20, an increase of 16.04% year-on-year[2]. - The company reported a net profit margin improvement, with net profit for Q1 2023 expected to be higher than the previous year, although specific figures were not disclosed[17]. - The net profit for Q1 2023 was CNY 16,965,390.67, representing an increase of 18.8% compared to CNY 14,289,410.79 in Q1 2022[18]. - Operating profit for Q1 2023 reached CNY 18,709,203.80, up from CNY 16,474,923.91 in the same period last year, indicating a growth of 7.5%[18]. - The total profit before tax for Q1 2023 was CNY 18,620,438.65, an increase of 13.0% from CNY 16,419,714.66 in Q1 2022[18]. - Net profit for Q1 2023 was ¥13,088,167.15, representing an increase of 16.6% from ¥11,224,720.28 in Q1 2022[30]. Research and Development - The total R&D investment amounted to ¥6,661,330.30, which is a 25.58% increase compared to the previous year[2]. - R&D investment accounted for 6.75% of operating revenue, up by 0.94 percentage points year-on-year[3]. - Research and development expenses increased to CNY 6,661,330.30, a rise of 25.6% from CNY 5,304,546.08 in Q1 2022[18]. - Research and development expenses for Q1 2023 were ¥3,086,799.05, slightly higher than ¥2,951,247.05 in Q1 2022, indicating a focus on innovation[30]. Cash Flow and Liquidity - The net cash flow from operating activities decreased by 32.15% to ¥6,662,317.40, primarily due to a reduction in received payments[6]. - Cash flow from operating activities generated CNY 6,662,317.40, down 32.5% from CNY 9,819,551.96 in Q1 2022[22]. - The company's cash and cash equivalents decreased to RMB 215,716,089.33 from RMB 241,980,391.84, a decline of 10.8%[13]. - The company's cash and cash equivalents at the end of Q1 2023 were ¥118,863,607.65, down from ¥171,595,610.51 at the end of Q1 2022, a decrease of 30.7%[32]. - The total cash inflow from operating activities included ¥39,016,141.25 from sales, which decreased from ¥49,056,129.65 in Q1 2022, a decline of 20.5%[31]. - The company received ¥22,777,379.76 in other operating cash, a significant increase from ¥865,934.35 in the previous year, representing a growth of 2,529.5%[31]. Assets and Liabilities - Total assets at the end of the reporting period were ¥816,245,570.06, an increase of 3.42% from the end of the previous year[3]. - Total assets as of March 31, 2023, amounted to RMB 816,245,570.06, up from RMB 789,266,406.39, indicating a growth of 3.5%[15]. - Total liabilities increased to RMB 116,575,884.62 from RMB 106,562,111.62, reflecting a rise of 9.5%[15]. - The company's equity attributable to shareholders rose to RMB 699,669,685.44 from RMB 682,704,294.77, an increase of 2.0%[15]. - The total liabilities as of March 31, 2023, were ¥43,608,202.64, an increase from ¥37,521,316.33, indicating a rise of 16.5%[27]. Market Strategy - The company is focusing on expanding its market presence and enhancing product development, although detailed plans were not specified in the report[17].