CFMEE(SH:688630)2023-04-19 16:00Revenue and Profitability - Total operating revenue for Q1 2023 increased by 50.29% compared to the previous period, driven by continuous expansion into niche markets[5] - Operating revenue for the current period was ¥156,864,520.04, representing a year-over-year increase of 50.29%[22] - The company reported a significant increase in sales expenses by 95.26, due to higher warranty provisions and increased salaries for sales personnel[5] - Net profit attributable to shareholders increased to ¥33,508,163.07, up 70.32% compared to the same period last year[22] - The net profit after deducting non-recurring gains and losses was ¥28,635,196.22, reflecting a growth of 68.21% year-over-year[22] - The company reported a profit before tax of ¥37,228,113.70, compared to ¥21,905,739.96 in the previous period[33] - The total comprehensive income attributable to the parent company was CNY 33,508,163.07, an increase from CNY 19,673,620.04 in the previous year, representing a growth of approximately 70.5%[35] - Basic and diluted earnings per share increased to CNY 0.28 from CNY 0.16, reflecting a growth of 75%[35] Costs and Expenses - Total operating costs rose by 38.46%, reflecting the increase in revenue[5] - Total operating costs for Q1 2023 were ¥123,258,213.78, up from ¥84,545,532.56 in Q1 2022, reflecting a 45.8% increase[63] - Operating costs included ¥87,561,664.81 in direct costs for Q1 2023, compared to ¥63,240,788.47 in Q1 2022, indicating a 38.5% rise[63] - Management expenses rose by 71.69, driven by increased salaries for management personnel and maintenance costs[5] - The company’s management expenses increased to ¥6,489,958.76 from ¥3,780,127.36[33] - Research and development expenses rose to ¥17,578,109.04, compared to ¥14,776,404.29 in the previous period[33] Assets and Liabilities - Total assets decreased from ¥1,546,661,496.51 to ¥1,522,472,673.09, a decline of approximately 1.56%[19] - Total liabilities decreased from ¥497,556,677.94 to ¥438,716,367.34, a reduction of approximately 11.79%[19] - The total current liabilities decreased from ¥407,548,722.17 to ¥348,509,161.54, a decline of about 14.48%[19] - The company reported a total equity of ¥1,083,756,305.75, reflecting an increase of 3.3% from ¥1,049,104,818.57 year-over-year[63] - The total liabilities and equity amounted to ¥1,522,472,673.09 as of March 31, 2023, down from ¥1,546,661,496.51 in the previous year[63] Cash Flow - Cash and cash equivalents decreased from 371.75 million to 302.37 million, a decline of approximately 18.63%[17] - Net cash flow from operating activities was negative at CNY -70,014,260.12, worsening from CNY -32,166,541.54 in the previous year[41] - Cash inflow from operating activities totaled CNY 118,320,900.96, compared to CNY 106,885,773.38 in the previous year[39] - Cash outflow from operating activities was CNY 188,335,161.08, up from CNY 139,052,314.92 in the previous year[41] - The net cash flow from investment activities was CNY -7,079,627.38, a decline from CNY 50,708,391.99 in the previous year[42] - The ending cash and cash equivalents balance was CNY 277,026,321.99, down from CNY 193,475,352.82 at the end of the previous year[42] Government Subsidies and Non-Operating Income - Non-operating income increased by 166.22, primarily due to additional government subsidies received during the period[5] - The company received government subsidies amounting to ¥5,716,192.60, which are closely related to its normal business operations[23] - The company recorded other non-operating income and expenses totaling ¥16,709.58[55] - The income tax impact for the period was ¥859,935.33, which affected the overall profit calculation[55]