Farsoon(SH:688433)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was RMB 100,716,202.49, representing a year-on-year increase of 29.47%[3] - The net profit attributable to shareholders of the listed company was RMB 20,460,115.75, reflecting a growth of 10.15% compared to the same period last year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 18,298,892.00, which is an increase of 16.98% year-on-year[3] - The basic earnings per share for the period was RMB 0.05, consistent with a 10.15% increase year-on-year[3] - Net profit for Q1 2023 was ¥20,460,115.75, compared to ¥18,575,101.10 in Q1 2022, representing a growth of 10.1%[27] - The net profit attributable to the parent company for Q1 2023 was ¥20,460,115.75, an increase from ¥18,575,101.10 in Q1 2022, representing an increase of approximately 10.14%[28] - The total comprehensive income attributable to the parent company for Q1 2023 was ¥20,222,407.17, compared to ¥18,529,044.40 in Q1 2022, reflecting a growth of about 9.14%[28] Research and Development - The total R&D investment amounted to RMB 13,424,555.46, marking a significant increase of 41.36% compared to the previous year[3] - The ratio of R&D investment to operating revenue was 13.33%, an increase of 1.12 percentage points compared to the previous year[15] - Research and development expenses increased to ¥13,424,555.46 in Q1 2023 from ¥9,496,800.33 in Q1 2022, marking a 41.5% rise[27] Cash Flow and Liquidity - The net cash flow from operating activities was negative at RMB -41,315,476.09, indicating a significant cash outflow due to increased orders and inventory purchases[7] - Cash inflows from operating activities in Q1 2023 amounted to ¥119,120,339.76, significantly higher than ¥78,383,161.37 in Q1 2022, indicating an increase of approximately 51.94%[30] - The net cash flow from operating activities for Q1 2023 was -¥41,315,476.09, worsening from -¥6,281,009.52 in Q1 2022[30] - Cash outflows from investing activities in Q1 2023 totaled ¥13,899,513.75, a decrease from ¥48,767,836.95 in Q1 2022, showing a reduction of about 71.5%[32] - The net cash flow from investing activities for Q1 2023 was -¥13,867,436.56, compared to -¥48,737,398.41 in Q1 2022[32] - The cash and cash equivalents at the end of Q1 2023 were ¥318,984,355.43, slightly down from ¥317,622,079.62 at the end of Q1 2022[30] Assets and Liabilities - Total assets at the end of the reporting period were RMB 1,139,021,131.53, a slight increase of 0.04% from the end of the previous year[15] - Total assets as of the end of the reporting period were ¥1,139,021,131.53, slightly up from ¥1,138,569,258.26[24] - Total liabilities decreased to ¥351,344,163.98 from ¥373,307,997.81, indicating a reduction of approximately 5.9%[25] - Non-current liabilities totaled ¥88,616,943.18, a slight increase from ¥87,606,761.76[25] - The company reported a decrease in accounts payable to ¥88,000,261.57 from ¥97,276,488.18, a decline of 9.8%[24] - Deferred income tax assets increased to ¥8,012,511.01 from ¥6,495,870.57, a growth of 23.3%[24] - The total equity attributable to shareholders rose to ¥787,676,967.55 from ¥765,261,260.45, an increase of 2.4%[25] - The company's current assets totaled ¥786.34 billion, showing a marginal decrease from ¥788.73 billion at the end of 2022, representing a decline of approximately 0.18%[44] - Total liabilities decreased to ¥373.31 billion from ¥374.30 billion, a reduction of approximately 0.27%[55] Accounting Standards and Adjustments - The company is implementing new accounting standards effective from 2023, which may impact future financial reporting[51] - The company has adjusted its financial statements to reflect the new accounting standards, affecting retained earnings and other related financial statement items[53]