万泽股份(000534) - 2023 Q1 - 季度财报

Revenue and Profitability - Revenue for Q1 2023 reached ¥281,477,110.37, an increase of 106.41% compared to ¥136,369,239.24 in the same period last year[5] - Net profit attributable to shareholders was ¥58,506,301.86, up 79.16% from ¥32,656,024.39 year-on-year[5] - Net profit excluding non-recurring gains and losses increased by 151.60% to ¥54,823,279.11 from ¥21,789,955.27 in the previous year[5] - Basic earnings per share rose to ¥0.1169, reflecting a 78.75% increase from ¥0.0654 in the same period last year[5] - Operating profit for the quarter was ¥70,601,985.59, up 74.4% from ¥40,527,788.99 in Q1 2022[34] - The company reported a total comprehensive income of ¥57,223,058.34 for the quarter, compared to ¥31,528,569.06 in the same period last year, reflecting a growth of 81.7%[35] Assets and Liabilities - Total assets at the end of Q1 2023 were ¥2,554,560,074.91, a 4.92% increase from ¥2,434,804,891.48 at the end of the previous year[5] - As of March 31, 2023, total assets amounted to RMB 2,554,560,074.91, an increase from RMB 2,434,804,891.48 at the beginning of the year, reflecting a growth of approximately 4.9%[27] - Total liabilities rose to ¥1,219,854,355.07, up from ¥1,194,624,260.30, indicating a growth of 2.1%[31] - Total current liabilities were RMB 601,945,196.31, slightly up from RMB 595,992,771.38, showing a marginal increase of about 1.6%[30] - Long-term borrowings increased to RMB 446,058,788.44 from RMB 428,742,714.26, reflecting a growth of approximately 4%[30] Cash Flow and Investments - Cash flow from operating activities improved significantly, with a net cash outflow of ¥10,190,148.66, a reduction of 88.22% from a net outflow of ¥86,498,490.82 in the previous year[5] - The net cash flow from investment activities was -34,539,552.85, indicating a significant outflow compared to the cash inflow of 409,779.46[39] - The total cash inflow from financing activities was 47,310,000.00, while the cash outflow amounted to 70,548,003.69, resulting in a net cash flow of -23,238,003.69[39] - The cash and cash equivalents at the end of the period were 219,628,670.21, down from 287,675,078.59 at the beginning of the period[39] - The company experienced a negative impact of -78,703.18 from exchange rate fluctuations on cash and cash equivalents[39] Research and Development - Research and development expenses surged by 262.41% compared to the previous year, indicating increased investment in R&D[15] - Research and development expenses for Q1 2023 were ¥15,338,908.50, significantly higher than ¥4,232,434.11 in Q1 2022, marking an increase of 262.5%[33] Stock and Equity - The company plans to grant 8.16 million shares of restricted stock under the 2023 equity incentive plan at a price of RMB 8.58 per share[24] - A total of 1,944,300 stock options were exercised during the first exercise period of the 2020 equity incentive plan, increasing the total share capital by the same amount[23] - The company completed the repurchase and cancellation of 84,000 shares of restricted stock under the 2020 equity incentive plan[23] - Total equity attributable to shareholders increased to ¥1,288,060,805.80, a rise of 8.0% from ¥1,192,252,473.62[31] Other Financial Metrics - The weighted average return on equity increased by 1.77 percentage points to 4.76% from 2.99% year-on-year[5] - Total operating costs for the quarter were ¥209,177,109.93, up 87.0% from ¥111,865,032.88 in the previous year[33] - Accounts receivable increased by 42.96%, primarily due to a significant rise in sales volume of high-temperature alloy products[8] - Contract liabilities rose by 54.75%, mainly due to increased advance payments received by subsidiaries[11] - Inventory levels rose to RMB 138,163,997.25 from RMB 118,834,748.05, indicating an increase of around 16.3%[28] - The company reported a total of 762,498,343.13 in current assets, up from 688,734,739.67 at the beginning of the year, reflecting an increase of approximately 10.7%[28] Audit and Reporting - The company did not conduct an audit for the first quarter report[40] - The report was issued by the board of directors on April 27, 2023, indicating the timeline of the financial disclosure[41]