Eastcompeace(SZ:002017)2023-04-20 16:00Financial Performance - The company's revenue for Q1 2023 was CNY 350,336,674.99, representing a 28.42% increase compared to CNY 272,802,431.22 in the same period last year[3] - Net profit attributable to shareholders for Q1 2023 was CNY 35,576,135.05, a significant increase of 321.48% from CNY 8,440,714.08 in the previous year[3] - Basic earnings per share for Q1 2023 were CNY 0.0797, up 321.69% from CNY 0.0189 in the previous year[3] - Operating profit for the quarter was ¥49,977,884.57, up from ¥10,533,099.88, reflecting a growth of 373.5% year-over-year[21] - The company reported a total comprehensive income of ¥45,637,623.69 for Q1 2023, compared to ¥7,660,813.05 in Q1 2022[21] Cash Flow - The net cash flow from operating activities reached CNY 34,639,128.30, a turnaround from a negative CNY 39,051,587.10 in the same period last year, marking a 188.70% improvement[3] - Cash flow from operating activities generated ¥34,639,128.30, a turnaround from a negative cash flow of -¥39,051,587.10 in the same quarter last year[23] - The net cash flow from investing activities decreased by CNY 448,000, primarily due to cash received from the disposal of joint ventures in the previous period[10] - The net cash flow from investment activities was -1,940,809.72, compared to 2,535,288.05 in the previous period[24] - The net cash flow from financing activities was -56,701,844.18, a decrease from 12,573,209.45 in the previous period[24] - The total cash flow net increase was -24,419,219.27, compared to -25,701,323.99 in the previous period[24] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,852,977,612.94, a slight decrease of 0.98% from CNY 2,881,070,225.62 at the end of the previous year[4] - The company's current assets totaled CNY 2,573,140,830.57, slightly down from CNY 2,593,795,849.88 at the start of the year[16] - Total liabilities decreased to CNY 1,276,597,013.73 from CNY 1,350,327,250.10, a reduction of about 5.5%[17] - The company's equity attributable to shareholders increased to CNY 1,554,401,485.43, reflecting a growth of 2.58% from CNY 1,515,319,513.17 at the end of the previous year[4] - The company reported a significant increase in accounts payable, which rose to CNY 275,354,548.76 from CNY 384,869,985.46, indicating a decrease of approximately 28.5%[17] Accounts Receivable and Inventory - The balance of accounts receivable increased by 32.01% to CNY 173,750,000, primarily due to the seasonal collection characteristics of the company's receivables[7] - Accounts receivable increased to CNY 173,746,372.15 from CNY 131,620,664.14, reflecting a growth of about 32%[16] - Inventory levels rose to CNY 589,182,900.66, up from CNY 563,277,881.66, marking an increase of approximately 4.6%[16] Research and Development - The company is actively engaged in research and development of new products and technologies, although specific details were not disclosed in the report[15] - Research and development expenses increased to ¥25,858,065.15, up from ¥21,469,716.27, indicating a focus on innovation[19] Future Outlook - Future outlook includes potential market expansion and strategic initiatives, although specific targets or timelines were not provided in the report[15] Other Information - The company did not undergo an audit for the first quarter report[25] - The report was released by the board of directors on April 21, 2023[26]