Financial Performance - The company's operating revenue for Q1 2023 was ¥301,973,107.61, an increase of 21.76% compared to ¥247,996,841.35 in Q1 2022[11] - The net profit attributable to shareholders for Q1 2023 was -¥43,784,403.78, a decrease of 330.81% from ¥18,970,100.96 in Q1 2022[11] - The company’s basic earnings per share for Q1 2023 was -¥0.55, a decline of 271.88% from ¥0.32 in Q1 2022[11] - Operating profit for the quarter was reported at CNY -45,085,152.95, compared to a profit of CNY 19,355,102.03 in the same period last year, indicating a decline in profitability[42] - The company reported a net loss of CNY -1,290,980.05 for the quarter, compared to a net profit of CNY 1,537,553.28 in the previous year[42] - The total comprehensive income for the period was -$45,165,074.72, compared to $18,378,693.44 in the previous period[57] Cash Flow - The net cash flow from operating activities increased to ¥13,194,619.07, a significant improvement of 118.38% from -¥71,778,184.13 in the same period last year[11] - The net cash flow from operating activities was $13,194,619.07, a significant improvement from a negative cash flow of -$71,778,184.13 in the previous period[53] - Total cash inflow from investment activities amounted to $141,005,817.98, while cash outflow was $125,130,848.18, resulting in a net cash flow of $15,874,969.80[53] - The net cash flow from financing activities was $76,200,298.23, compared to a negative cash flow of -$2,043,555.58 in the previous period[53] - Cash inflow from other operating activities was $16,562,441.06, compared to $1,518,996.05 in the previous period[53] Assets and Liabilities - The company reported a total asset value of ¥2,025,881,312.37 as of March 31, 2023, reflecting a 2.63% increase from ¥1,973,971,569.17 at the end of the previous year[11] - The total liabilities amounted to ¥978,573,139.09, up from ¥882,207,063.53, reflecting a growth of approximately 10.9%[23] - The company’s total liabilities increased, with short-term borrowings rising by 10.36% to ¥396,729,249.85, indicating increased financing needs due to business expansion[14] - The non-current liabilities totaled ¥203,133,347.94, an increase from ¥148,084,344.26, representing a growth of approximately 37.2%[23] - Short-term borrowings increased to CNY 396,729,249.85 from CNY 359,470,447.02, reflecting a rise of about 10.4%[48] Research and Development - Research and development expenses rose by 58.13% to ¥20,780,759.25, primarily due to an increase in R&D personnel[6] - Research and development expenses for the quarter amounted to CNY 20,780,759.25, up from CNY 13,141,818.49, marking a year-over-year increase of about 58.1%[42] - The company is actively expanding its business layout in the storage field, enhancing its R&D capabilities for flash memory control chips and storage module firmware solutions[36] - The company is focused on optimizing and improving product adaptation capabilities, which is expected to drive future growth[36] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 15,797, indicating a broad shareholder base[37] - The total equity attributable to shareholders of the parent company decreased to ¥1,046,939,869.88 from ¥1,091,836,433.12, a decline of about 4.1%[23] - The company reported a decrease in undistributed profits to ¥202,356,948.11 from ¥246,141,351.89, a decline of about 17.7%[23] Government Grants and Investments - The company received government grants totaling ¥2,196,284.13, a significant increase of 170.18% compared to the previous year[6] - The company received $140,000,000.00 related to investment activities, indicating a strategic focus on investment growth[53] - The company plans to continue investing in new technologies and market expansion strategies to enhance future growth prospects[44] Inventory and Accounts Receivable - The company experienced a 27.01% decrease in accounts receivable, down to ¥290,609,063.02, attributed to improved collection efforts[14] - Inventory levels rose to CNY 851,645,017.80 from CNY 755,446,830.37, indicating an increase of approximately 12.7%[48] - The company’s total liabilities increased, with accounts payable decreasing to CNY 108,795,489.38 from CNY 140,098,744.94, a decline of approximately 22.3%[48] Cash and Cash Equivalents - The cash and cash equivalents net increase was ¥105,726,296.73, a rise of 234.38% compared to the previous year[2] - Cash and cash equivalents at the end of the quarter were CNY 211,460,393.20, up from CNY 108,871,742.47 at the start of the year, showing an increase of approximately 94.3%[48] - The ending balance of cash and cash equivalents was $154,608,037.66, an increase from $48,881,740.93 at the beginning of the period[54] - The cash and cash equivalents at the end of the reporting period were not specified but are critical for assessing liquidity[36]
德明利(001309) - 2023 Q1 - 季度财报