OTIC(SZ:000962)2023-04-24 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥292,021,451.57, representing a 14.94% increase compared to ¥254,054,566.75 in the same period last year[5]. - The net profit attributable to shareholders was ¥58,664,385.10, up 16.70% from ¥49,656,846.07 year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 60.23% to ¥38,482,627.84 from ¥23,403,473.34 in the previous year[5]. - The net cash flow from operating activities surged by 467.44% to ¥45,480,822.53 compared to ¥8,015,076.51 in Q1 2022[5]. - The total operating revenue for Q1 2023 was CNY 292,021,451.57, an increase of 14.93% compared to CNY 254,054,566.75 in the same period last year[20]. - The net profit for the first quarter of 2023 was CNY 58,846,116.10, an increase from CNY 50,433,520.42 in the same period last year, representing a growth of approximately 16.5%[21]. - The operating profit for the first quarter was CNY 58,994,322.82, compared to CNY 50,576,374.87 in the previous year, indicating an increase of about 16.5%[21]. - The total comprehensive income for the first quarter was CNY 58,642,852.95, compared to CNY 50,381,474.39 in the same quarter last year, showing an increase of about 16.5%[21]. Assets and Liabilities - The total assets at the end of Q1 2023 were ¥2,023,698,456.03, a 1.22% increase from ¥1,999,217,840.55 at the end of the previous year[5]. - The total assets as of March 31, 2023, amounted to CNY 2,023,698,456.03, compared to CNY 1,999,217,840.55 at the beginning of the year, indicating a growth of 1.22%[19]. - The total liabilities decreased to CNY 455,650,534.40 from CNY 492,995,183.94, a decline of 7.56%[19]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 41,387, with the largest shareholder, China Nonferrous Metal Industry's Foreign Engineering and Construction Co., Ltd., holding 201,916,800 shares, representing 45.80% of the total[12]. - The company’s major shareholder, China Nonferrous Metal Industry's Oriental Group, pledged 20 million shares, indicating a potential liquidity strategy[14]. - The company’s major shareholder, Zheng Wenzong, holds 4.42% of the shares, indicating a diversified ownership structure[12]. - The company has not disclosed any related party transactions among the top ten shareholders, suggesting a clear governance structure[12]. Expenses and Costs - The total operating costs for Q1 2023 were CNY 276,020,748.64, up from CNY 244,805,136.15 in the previous year, reflecting a growth of 12.66%[20]. - The company reported a significant increase in sales expenses by 157.59% to ¥1,375,044.73, attributed to timing differences in expense settlements[9]. - The company incurred financial expenses of CNY 4,223,254.85, which is an increase from CNY 2,882,225.87, reflecting a rise of approximately 46.5%[21]. - Research and development expenses amounted to CNY 2,788,554.71, up from CNY 2,309,202.72, reflecting a year-over-year increase of approximately 20.8%[21]. Cash Flow and Investments - The company's cash and cash equivalents at the end of Q1 2023 were CNY 248,253,846.75, slightly down from CNY 249,160,276.48 at the beginning of the year[17]. - The cash flow from operating activities generated a net amount of CNY 45,480,822.53, significantly higher than CNY 8,015,076.51 in the previous year, marking an increase of over 466%[23]. - The company reported investment income of CNY 22,751,000.85, compared to CNY 14,157,512.44 in the previous year, indicating an increase of approximately 60.5%[21]. Strategic Initiatives - The company is included in the list of "Creating World-Class Specialized and Innovative Demonstration Enterprises" by the State-owned Assets Supervision and Administration Commission, highlighting its strategic positioning[14]. - The company’s stock issuance plan has undergone multiple board approvals, indicating ongoing efforts to raise capital through private placements[14]. - The company received approval from the State-owned Assets Supervision and Administration Commission for the implementation of a restricted stock incentive plan in March 2023[19]. - The company plans to issue A-shares to specific investors, with the approval process ongoing as of March 31, 2023[19]. Property Transactions - In Q1 2023, the company reported a net profit impact of 14.61 million RMB from the sale of four properties, positively affecting the financial performance[14]. - The company experienced a significant increase in cash payments for fixed assets, with expenditures rising to 32.02 million RMB, reflecting a 22,769.90% increase compared to the previous period[10]. Taxation - The company reported a 380.68% increase in tax payments due to increased VAT and other taxes during the reporting period[10].