QINGDA ENVIRONMENT(SH:688501)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 reached ¥76,680,965.51, representing a significant increase of 178.80% compared to the same period last year[5] - The net profit attributable to shareholders was ¥1,050,126.09, with a notable increase in main business income, particularly from parts sales[10] - Total operating revenue for Q1 2023 reached RMB 76,680,965.51, a significant increase from RMB 27,504,184.62 in Q1 2022, representing a growth of approximately 178.5%[21] - The company's net profit for Q1 2023 is not explicitly stated, but the increase in revenue and costs suggests a challenging profitability environment[21] - The net profit for Q1 2023 was -840,343.08 RMB, compared to -7,488,546.40 RMB in Q1 2022, showing an improvement[22] - Operating profit for Q1 2023 was -906,901.13 RMB, a significant reduction from -9,703,967.43 RMB in the same period last year[22] - The total comprehensive income for Q1 2023 was -840,343.08 RMB, an improvement from -7,488,546.40 RMB in Q1 2022[23] Cash Flow and Investments - The cash flow from operating activities showed a net outflow of ¥79,784,810.05, influenced by seasonal collection patterns and increased product investments[10] - Cash flow from operating activities for Q1 2023 was -79,784,810.05 RMB, compared to -73,176,051.03 RMB in Q1 2022, indicating a decline in cash generation[26] - The company incurred a total cash outflow of 219,331,866.25 RMB from operating activities in Q1 2023, compared to 179,721,117.92 RMB in Q1 2022[26] - Investment activities resulted in a net cash outflow of -26,915,815.27 RMB in Q1 2023, contrasting with a net inflow of 43,673,286.49 RMB in Q1 2022[27] - Cash and cash equivalents at the end of Q1 2023 were 89,564,507.03 RMB, down from 106,497,815.74 RMB at the end of Q1 2022[27] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,649,903,526.40, reflecting a decrease of 2.22% from the end of the previous year[6] - The company's total assets as of March 31, 2023, were RMB 1,649,903,526.40, down from RMB 1,687,391,628.86 as of December 31, 2022, a decrease of approximately 2.2%[18] - Total liabilities decreased from RMB 861,741,174.18 as of December 31, 2022, to RMB 824,969,898.08 as of March 31, 2023, a reduction of about 4.3%[18] - The company's cash and cash equivalents decreased from RMB 256,161,671.09 at the end of 2022 to RMB 157,549,786.28 by March 31, 2023, a decline of approximately 38.5%[16] - Inventory levels increased from RMB 391,302,271.53 at the end of 2022 to RMB 474,191,139.46 by March 31, 2023, representing a growth of about 21.2%[16] Research and Development - Research and development expenses totaled ¥8,164,274.76, accounting for 10.65% of operating revenue, a decrease of 16.08 percentage points year-on-year[6] - Research and development expenses for Q1 2023 amounted to RMB 8,164,274.76, compared to RMB 7,352,549.14 in Q1 2022, showing an increase of about 11%[21] - The company continues to focus on R&D and market expansion strategies to drive future growth despite the rising costs[21] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 4,142[12] - The top shareholder, Wang Yong, holds 17.29% of the shares, totaling 16,371,100 shares[12] Other Financial Metrics - The weighted average return on equity increased by 0.91 percentage points to 0.13%[6] - The company reported non-recurring gains of ¥362,518.28, primarily from government subsidies and asset disposals[9] - The company reported a basic and diluted earnings per share of 0.01 RMB for Q1 2023, compared to -0.06 RMB in Q1 2022[23] - The company received 1,014,046.09 RMB in tax refunds during Q1 2023, compared to 73,927.57 RMB in Q1 2022, indicating better tax recovery[26]