Financial Performance - The company's revenue for Q1 2023 was CNY 94,936,766.98, representing a 10.24% increase compared to CNY 86,116,006.38 in the same period last year[5] - Net profit attributable to shareholders was CNY 18,760,666.86, up 3.44% from CNY 18,136,999.31 year-on-year[5] - The net profit excluding non-recurring gains and losses was CNY 18,157,776.56, reflecting a 13.27% increase from CNY 16,030,804.08 in the previous year[5] - Total operating revenue for Q1 2023 was 74,228,341.42 CNY, an increase from 69,542,021.29 CNY in Q1 2022, representing a growth of approximately 10.4%[18] - Net profit for Q1 2023 was 19,543,767.57 CNY, slightly down from 19,550,723.99 CNY in Q1 2022, indicating a decrease of about 0.04%[19] - Operating profit for Q1 2023 was 22,557,734.70 CNY, compared to 20,585,322.12 CNY in Q1 2022, marking an increase of about 9.6%[18] - The company’s total comprehensive income for Q1 2023 was 19,543,767.57 CNY, slightly lower than 19,550,723.99 CNY in Q1 2022[19] Earnings and Shareholder Metrics - The basic and diluted earnings per share decreased by 22.43% to CNY 0.2345 from CNY 0.3023 in the same quarter last year[5] - The weighted average return on equity fell to 2.52%, down 2.79% from 5.31% in the previous year[5] - The total number of ordinary shareholders at the end of the reporting period was 9,155[9] - The largest shareholder, Jiaxing Bofi Holdings, holds 34.75% of the shares, totaling 27,800,000 shares[9] Assets and Liabilities - Total assets at the end of the reporting period were CNY 971,425,141.60, a decrease of 2.85% from CNY 999,965,164.61 at the end of the previous year[5] - The total current assets as of March 31, 2023, amounted to CNY 661,612,967.44, a decrease from CNY 701,226,985.26 at the end of the previous period[14] - The total liabilities decreased to CNY 172,704,241.56 from CNY 220,855,970.53, reflecting a reduction of approximately 21.8%[15] - The company’s total equity increased to CNY 798,720,900.04 from CNY 779,109,194.08, reflecting a growth of about 2.0%[15] Cash Flow and Operating Activities - The net cash flow from operating activities was negative CNY 10,364,057.47, worsening by 10.04% compared to negative CNY 9,418,497.27 in the same period last year[5] - Cash flow from operating activities showed a net outflow of -10,364,057.47 CNY in Q1 2023, worsening from -9,418,497.27 CNY in Q1 2022[22] - The company reported accounts receivable of CNY 215,549,451.68, an increase from CNY 177,006,229.90, representing a growth of approximately 21.7%[14] - The company’s cash and cash equivalents were CNY 245,909,822.00, compared to CNY 272,954,230.10 in the previous period, showing a decline of about 9.9%[14] - Total cash and cash equivalents at the end of Q1 2023 were 244,809,822.00 CNY, down from 267,585,277.69 CNY at the beginning of the period[22] Investments and Projects - The company completed the registration of its wholly-owned subsidiary, Zhejiang Bofei Photovoltaic Materials Co., Ltd., in March 2023[11] - An investment agreement was signed with the Haining Economic Development Zone Management Committee for a project with an annual production capacity of 70,000 tons of new energy composite materials[11] - The company plans to actively promote the investment project following the signing of the investment agreement with the local government[11] Expenses - Research and development expenses increased to 5,223,105.67 CNY in Q1 2023 from 4,759,735.89 CNY in Q1 2022, reflecting a growth of approximately 9.7%[18] - Total operating costs for Q1 2023 were 74,228,341.42 CNY, up from 69,542,021.29 CNY in Q1 2022, reflecting an increase of about 6.1%[18] - The company reported a decrease in investment income, with a loss of -33,733.60 CNY in Q1 2023 compared to a gain of 95,445.21 CNY in Q1 2022[18]
博菲电气(001255) - 2023 Q1 - 季度财报