LME(SH:688589)2023-04-24 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 110,909,656.78, representing a year-on-year increase of 13.90%[5] - The net profit attributable to shareholders was CNY 21,329,572.52, reflecting a significant growth of 58.29% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 110.38%, amounting to CNY 20,144,799.24[5] - The basic earnings per share (EPS) rose by 61.54% to CNY 0.21[5] - The net profit for Q1 2023 was CNY 21,329,572.52, an increase of 58.2% compared to CNY 13,475,172.22 in Q1 2022[19] - Operating profit for Q1 2023 was CNY 23,757,463.45, up 65.0% from CNY 14,378,228.45 in the same period last year[18] - The company reported a total comprehensive income of CNY 21,315,365.06 for Q1 2023, compared to CNY 13,467,912.05 in Q1 2022, reflecting a growth of 58.1%[19] - Basic and diluted earnings per share for Q1 2023 were both CNY 0.21, compared to CNY 0.13 in Q1 2022, representing a 61.5% increase[19] Research and Development - The total R&D expenditure for the quarter was CNY 16,225,575.48, accounting for 14.63% of operating revenue, a decrease of 1.21 percentage points[6] - Research and development expenses were CNY 16,225,575.48, slightly up from CNY 15,425,316.44, indicating a focus on innovation[18] - Research and development expenses for Q1 2023 were CNY 12,369,464.57, up from CNY 11,444,897.06 in Q1 2022, reflecting a year-over-year increase of 8.1%[27] Assets and Liabilities - The company's total assets at the end of the quarter were CNY 1,034,774,038.65, a slight increase of 0.03% from the end of the previous year[6] - Total assets as of March 31, 2023, were CNY 1,034,774,038.65, slightly up from CNY 1,034,440,805.62 at the end of 2022[15] - Total liabilities decreased to CNY 195,417,128.79 from CNY 218,064,382.00, a decline of 10.4%[15] - The company's equity attributable to shareholders increased to CNY 839,356,909.86 from CNY 816,376,423.62, showing a growth of 2.8%[15] - The company's total current liabilities rose to CNY 321,900,648.93 as of March 31, 2023, compared to CNY 313,741,496.65 at the end of 2022, indicating an increase of approximately 2.7%[25] - The total equity of the company reached CNY 799,004,112.86 as of March 31, 2023, compared to CNY 795,663,375.26 at the end of 2022, showing a slight increase of 0.3%[26] Cash Flow - The net cash flow from operating activities was CNY 57,936,662.41, with no applicable year-on-year comparison[5] - Cash flow from operating activities generated a net amount of CNY 57,936,662.41, a significant improvement from a net outflow of CNY -33,934,532.58 in Q1 2022[20] - The company experienced a net cash outflow from investing activities of CNY -18,964,580.15, compared to a smaller outflow of CNY -3,769,953.03 in Q1 2022[21] - The net cash flow from operating activities for Q1 2023 was $53,034,084.46, a significant improvement from a negative cash flow of $19,504,418.83 in Q1 2022[31] - The company reported a total cash outflow from operating activities of $132,065,174.91, compared to $109,193,314.39 in the previous year[31] Shareholder Information - The company reported a total of 8,799 common shareholders at the end of the reporting period[10] - The top shareholder, Lihua Science and Technology Group Co., Ltd., held 12.97% of the shares, totaling 13,000,000 shares[10] Future Plans and Developments - The company is in the process of issuing convertible bonds, pending approval from the China Securities Regulatory Commission, which may impact future capital structure[12] - The company plans to continue expanding its market presence and investing in new technologies, although specific figures were not disclosed in the report[12] - The company is implementing new accounting standards starting in 2023, which may affect financial reporting[31]