Kawin Technology(SH:688687)2023-04-21 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 192,744,105.30, representing a year-on-year increase of 12.34%[3] - The net profit attributable to shareholders decreased by 15.10% to CNY 21,139,765.72[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 52.88% to CNY 21,172,408.04[3] - The basic earnings per share for the period was CNY 0.12, down 20.00% year-on-year[3] - Net profit for Q1 2023 was CNY 22,354,935.04, a decrease of 4.1% from CNY 23,305,114.70 in Q1 2022[19] - Total comprehensive income for Q1 2023 was CNY 22,357,905.32, slightly lower than CNY 23,295,809.15 in Q1 2022[20] Cash Flow - The net cash flow from operating activities was negative at CNY -91,540,826.82, a decrease of 264.28% compared to the previous year[3] - Cash flow from operating activities showed a net outflow of CNY -91,540,826.82 in Q1 2023, compared to a net inflow of CNY 55,722,465.48 in Q1 2022[23] - The net cash flow from investment activities was $140,779,144.98, compared to a negative cash flow of $932,482.69 in the previous year[25] - Total cash and cash equivalents at the end of the period amounted to $768,801,017.14, up from $720,692,506.40 at the beginning of the period[25] - Cash flow from financing activities resulted in a net outflow of $643,848.08, with cash paid for dividends and interest totaling $95,000.00[25] - The cash flow from investment activities saw an inflow of $627,408,629.14, significantly higher than the previous year's inflow of $80,537,500.28[25] - The cash outflow from investment activities was $486,629,484.16, compared to $81,469,982.97 in the same period last year[25] - The total cash and cash equivalents increased by $48,108,510.74 during the quarter[25] - The cash balance at the end of the period reflects a strong liquidity position for the company[25] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,148,238,860.72, a decrease of 2.78% from the end of the previous year[4] - The company's total liabilities decreased to RMB 444,090,790.95 from RMB 527,934,808.32, representing a reduction of about 15.9%[17] - The company's accounts receivable decreased to RMB 311,048,969.52 from RMB 333,297,094.96, indicating a decline of about 6.7%[15] - Inventory increased to RMB 167,939,662.52 from RMB 148,810,966.21, reflecting a rise of approximately 12.8%[15] - The company's equity attributable to shareholders rose to RMB 1,696,699,484.68 from RMB 1,675,556,748.68, an increase of about 1.3%[17] - The company's non-current assets totaled RMB 466,083,277.18, up from RMB 414,849,777.25, indicating an increase of approximately 12.3%[16] - Short-term borrowings decreased to RMB 10,686,242.00 from RMB 13,993,588.00, a decline of about 23.3%[16] - The company's total current liabilities decreased to RMB 396,437,608.90 from RMB 479,150,431.66, representing a reduction of approximately 17.2%[16] - The company reported a net profit increase in retained earnings to RMB 277,415,440.78 from RMB 256,275,675.06, reflecting a growth of about 8.4%[17] Research and Development - Research and development expenses totaled CNY 28,649,289.27, down 11.48% year-on-year, accounting for 14.86% of operating revenue, a decrease of 4 percentage points[4] - Research and development expenses increased to CNY 23,075,845.01 in Q1 2023, compared to CNY 21,549,143.45 in Q1 2022, marking an increase of 7.1%[19] - The company anticipates continued focus on R&D and market expansion strategies in the upcoming quarters[19] Shareholder Information - The company reported a total of 7,080 common shareholders at the end of the reporting period[10] - The top shareholder, Beijing Song'an Investment Management Co., Ltd., holds 22.47% of the shares, totaling 38,400,000 shares[11]