VEICHI(SH:688698)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥284,379,981.57, representing a year-on-year increase of 43.01%[5] - The net profit attributable to shareholders for the same period was ¥42,821,537.15, up 42.99% compared to the previous year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 110.17%, amounting to ¥39,575,995.70[5] - Basic earnings per share for Q1 2023 were ¥0.24, reflecting a growth of 41.18% year-on-year[6] - Total revenue for Q1 2023 reached CNY 284,379,981.57, a 42.9% increase from CNY 198,848,635.78 in Q1 2022[17] - Net profit for Q1 2023 was CNY 42,098,471.01, up 40.5% from CNY 29,949,396.72 in the same period last year[19] - Operating profit for Q1 2023 was CNY 47,795,401.70, representing a 52.5% increase compared to CNY 31,330,458.11 in Q1 2022[19] - Basic and diluted earnings per share for Q1 2023 were both CNY 0.24, up from CNY 0.17 in Q1 2022[20] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,555,427,177.85, an increase of 5.71% from the end of the previous year[6] - Total assets reached RMB 1,555,427,177.85 as of March 31, 2023, up from RMB 1,471,357,098.34 at the end of 2022[15] - Total liabilities as of Q1 2023 amounted to CNY 527,717,213.65, an increase from CNY 492,259,935.85 in Q1 2022[17] - The company's total equity reached CNY 1,027,709,964.20, compared to CNY 979,097,162.49 in the previous year[17] Cash Flow - The company reported a net cash flow from operating activities of -¥23,733,592.93, which is not applicable for year-on-year comparison[5] - In Q1 2023, the cash inflow from operating activities was CNY 140,462,096.65, an increase of 25.9% compared to CNY 111,491,811.53 in Q1 2022[22] - The net cash outflow from operating activities was CNY -23,733,592.93, worsening from CNY -5,920,851.40 in the same period last year[22] - Cash inflow from investment activities totaled CNY 272,204,384.22, up from CNY 172,734,381.81 in Q1 2022, marking a 57.6% increase[23] - The net cash flow from investment activities was CNY 83,607,526.68, a significant improvement from CNY -136,213,907.34 in Q1 2022[23] - Cash inflow from financing activities was CNY 3,900,000.00, compared to CNY 6,301,400.00 in Q1 2022[23] - The net cash flow from financing activities decreased to CNY 2,239,119.00 from CNY 5,717,078.00 year-over-year[23] - The total cash and cash equivalents at the end of Q1 2023 stood at CNY 239,031,410.47, up from CNY 115,870,482.27 in Q1 2022[23] - The company reported a cash increase of CNY 60,486,528.85 in Q1 2023, contrasting with a decrease of CNY -135,951,340.34 in Q1 2022[23] Research and Development - Research and development expenses totaled ¥30,545,852.80, accounting for 10.74% of operating revenue, a decrease of 0.44 percentage points[6] - The company increased R&D investment to RMB 3,054.59 million, a 37.40% rise compared to the previous year, with R&D personnel accounting for 31.51% of total employees[13] - Research and development expenses increased to CNY 30,545,852.80, up 37.4% from CNY 22,230,927.93 in Q1 2022[17] - The company added 4 new patents in Q1 2023, bringing the total to 152 effective patents, including 38 invention patents[13] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 5,067[10] - The top shareholder, Shenzhen Weichuang Electric Co., Ltd., holds 69.44% of the shares, totaling 125,000,000 shares[11] Revenue Breakdown - Revenue from general products reached RMB 10,707.15 million, up 85.01% year-on-year; industry-specific machine products revenue was RMB 8,313.82 million, a 12.98% increase; servo systems and control systems revenue was RMB 8,621.41 million, growing by 54.94%[13] Inventory and Receivables - The company's inventory as of March 31, 2023, was RMB 254,175,301.59, compared to RMB 230,721,461.76 at the end of 2022[15] - Accounts receivable increased to RMB 343,305,899.52 from RMB 251,539,249.45 year-on-year[14] - Short-term borrowings decreased to RMB 10,493,781.86 from RMB 16,657,715.12 year-on-year[15]