Financial Performance - The company's operating revenue for Q1 2023 reached ¥85,917,020.68, representing a year-on-year increase of 20.79%[4] - Net profit attributable to shareholders was ¥8,946,507.35, a significant increase of 306.21% compared to the same period last year[4] - The net profit after deducting non-recurring gains and losses was ¥7,787,467.11, reflecting a growth of 358.63% year-on-year[4] - The basic and diluted earnings per share were both ¥0.07, reflecting a 306.21% increase due to higher net profit[4] - Total operating revenue for Q1 2023 was CNY 85,917,020.68, an increase of 20.8% compared to CNY 71,128,471.40 in Q1 2022[15] - Net profit for Q1 2023 reached CNY 8,946,507.35, a significant increase of 305.5% from CNY 2,202,423.92 in Q1 2022[16] - The company reported a basic earnings per share of CNY 0.07 for Q1 2023, up from CNY 0.02 in Q1 2022[16] Cash Flow and Liquidity - The net cash flow from operating activities was ¥43,040,854.38, up by 321.77% year-on-year, primarily due to increased customer payments[7] - Operating cash flow for Q1 2023 was CNY 43,040,854.38, compared to CNY 10,204,809.37 in Q1 2022, marking a 321.5% increase[19] - The total cash and cash equivalents at the end of the period amounted to $280,087,938.37, down from $306,113,949.89 in the previous period, showing a decrease in liquidity[20] - The cash and cash equivalents net increase for the period was -$765,237.45, compared to -$22,095,426.99 in the previous period, indicating improved cash management despite a negative balance[20] - The cash outflow for dividend payments and interest was $540,000.00, which is significantly higher than $89,125.00 in the previous period, suggesting increased shareholder returns[20] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,131,336,372.67, a decrease of 6.45% from the end of the previous year[5] - As of March 31, 2023, the total assets of the company amounted to ¥1,131,336,372.67, a decrease from ¥1,209,400,064.02 as of December 31, 2022, reflecting a decline of approximately 6.4%[12] - The company's cash and cash equivalents stood at ¥318,908,459.67, down from ¥333,341,508.65, indicating a decrease of about 4.5%[11] - Total liabilities decreased to CNY 383,006,170.15 in Q1 2023 from CNY 472,027,838.26 in Q1 2022, a reduction of 18.9%[15] - The total current liabilities decreased to ¥339,511,000.00 from ¥392,000,000.00, reflecting a reduction of about 13.4%[12] Research and Development - Research and development expenses totaled ¥5,943,139.95, accounting for 6.92% of operating revenue, an increase of 26.41% from the previous year[4] - Research and development expenses for Q1 2023 were CNY 5,943,139.95, compared to CNY 4,701,623.14 in Q1 2022, representing a 26.4% increase[15] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 4,914[9] - Total equity attributable to shareholders increased to CNY 748,330,202.52 in Q1 2023 from CNY 737,372,225.76 in Q1 2022, reflecting a growth of 1.3%[15] Non-Recurring Items and Other Information - The company reported non-recurring gains of ¥1,159,040.24, with a tax impact of ¥204,637.77[7] - The company has not disclosed any new product developments or market expansion strategies in the current report[11] - There are no significant changes in shareholder structure or related party transactions reported for this quarter[11] - The company reported a decrease in credit impairment losses to CNY 665,658.39 in Q1 2023 from CNY 2,566,058.09 in Q1 2022, a reduction of 74.0%[15] - The company has adopted new accounting standards starting in 2023, which may impact future financial reporting and performance metrics[20] - The company’s management, including the accounting team, remains unchanged, ensuring continuity in financial oversight[20]
金冠电气(688517) - 2023 Q1 - 季度财报