Genew(SH:688418)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 reached ¥135,666,358.22, representing a year-on-year increase of 107.93%[5] - The net profit attributable to shareholders of the listed company was ¥4,762,456.27, with a significant increase attributed to the rise in operating revenue[12] - Total operating revenue for Q1 2023 reached ¥135,666,358.22, a significant increase of 108.0% compared to ¥65,247,304.48 in Q1 2022[22] - Net profit for Q1 2023 was ¥1,495,957.33, a turnaround from a net loss of ¥38,589,871.31 in Q1 2022[23] - The company reported a comprehensive income total of ¥1,355,590.99 for Q1 2023, compared to a loss of ¥38,322,027.81 in Q1 2022[24] - Basic and diluted earnings per share for Q1 2023 were both ¥0.0250, compared to a loss per share of ¥0.1899 in Q1 2022[24] Research and Development - The total R&D investment amounted to ¥47,263,542.01, accounting for 34.84% of operating revenue, a decrease of 21.00 percentage points compared to the previous year[6] Cash Flow and Management - The net cash flow from operating activities was -¥3,186,619.81, indicating a need for improvement in cash management[6] - Cash flow from operating activities for Q1 2023 was negative at -¥3,186,619.81, an improvement from -¥46,011,465.24 in Q1 2022[26] - Cash inflow from investment activities in Q1 2023 was ¥36,637,904.99, down from ¥111,525,787.82 in Q1 2022[26] - Cash outflow from investment activities for Q1 2023 totaled ¥84,807,793.71, compared to ¥39,715,686.10 in Q1 2022[26] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,683,094,252.79, reflecting a 3.74% increase from the end of the previous year[6] - The total current assets reached ¥1,356,491,849.45, compared to ¥1,300,269,465.50 at the end of 2022, indicating an increase of about 4.32%[19] - Total liabilities rose to ¥706,819,500.22 from ¥648,159,320.59, reflecting an increase of around 9.06%[20] - The company's equity increased slightly, with total equity reported at ¥976,274,752.57, up from ¥974,306,360.91[20] - The current liabilities totaled ¥648,978,679.63, compared to ¥589,061,268.44, indicating an increase of about 10.1%[20] - The company reported a significant increase in contract liabilities, which rose to ¥123,938,337.71 from ¥85,765,134.39, a growth of approximately 44.4%[20] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 8,832[14] - The equity attributable to shareholders of the parent company was ¥924,519,223.21, slightly up from ¥919,317,555.66 in the previous year[21] Government Support - The company received a government subsidy of ¥219,999.99, which is closely related to its normal business operations[9] Future Outlook - The company plans to continue expanding its business and increasing orders, which contributed to the significant revenue growth[12] - The company is focusing on expanding its market presence and enhancing its product offerings, although specific new products or technologies were not detailed in the report[17] Financing Activities - Total cash inflow from financing activities was $18.1 million, compared to $10 million in the previous period, representing an 81% increase[27] - Net cash flow from financing activities was $1.55 million, a significant improvement from a net outflow of $748,402.85 in the previous period[27] - Cash paid for debt repayment was $10.45 million, with dividend payments totaling $2.25 million, up from $1.68 million in the previous period[27] - Total cash outflow from financing activities was $16.55 million, compared to $10.75 million in the previous period[27] Accounting Standards - The company has not adopted new accounting standards or interpretations for the current year[27]