Yabo(SZ:002323)2023-04-24 16:00Financial Performance - The company's revenue for Q1 2023 was CNY 129,064,029.69, representing a 55.49% increase compared to CNY 83,004,789.66 in the same period last year[5]. - Net profit attributable to shareholders was CNY 5,373,393.12, up 17.63% from CNY 4,567,966.43 year-on-year[5]. - Total operating revenue for Q1 2023 reached CNY 129,064,029.69, a significant increase of 55.5% compared to CNY 83,004,789.66 in the same period last year[17]. - Net profit for Q1 2023 was CNY 5,322,886.71, representing a 14.8% increase from CNY 4,637,332.83 in Q1 2022[18]. - The total comprehensive income for Q1 2023 was CNY 4,907,780.73, slightly up from CNY 4,634,647.21 in the previous year[19]. Cash Flow and Liquidity - The net cash flow from operating activities improved significantly to CNY 85,730,418.56, a 152.11% increase from a negative CNY 164,531,736.72 in Q1 2022[5][8]. - The company reported a net cash flow from operating activities of CNY 85,730,418.56, a turnaround from a negative cash flow of CNY -164,531,736.72 in the previous year[20]. - Cash and cash equivalents at the end of the period are 177,511,901.32 RMB, up from 82,173,600.48 RMB[13]. - The net increase in cash and cash equivalents for the period was $83,484,224.29[23]. - The company received cash from other investment activities totaling $50,000,000.00[23]. Assets and Liabilities - Total assets at the end of Q1 2023 were CNY 1,189,731,948.77, a 2.00% increase from CNY 1,166,447,487.87 at the end of the previous year[5]. - Total current assets amount to 959,876,685.28 RMB, an increase from 934,966,208.24 RMB at the beginning of the year[14]. - Total liabilities are 505,300,226.67 RMB, an increase from 484,831,177.36 RMB[14]. - The total liabilities as of the end of Q1 2023 were CNY 518,486,046.93, up from CNY 500,109,366.76 at the end of the previous year[18]. - The company has a total of 60,245,049.08 RMB in long-term equity investments, slightly up from 59,374,166.46 RMB[14]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 54,694[10]. - The largest shareholder, Shandong Quanxing Technology Co., Ltd., holds 21.00% of shares, totaling 445,379,580 shares[10]. - The top ten shareholders hold a significant portion of the company's equity, with the top two alone accounting for 29.16%[10]. Expenses and Investments - Sales expenses increased by 107.98% to CNY 5,265,506.41, attributed to the expansion of business scale[7]. - Research and development expenses increased to CNY 5,040,957.66, compared to CNY 4,160,860.59 in the same quarter last year, indicating a focus on innovation[17]. - The company reported a significant increase in other income, which rose to CNY 193,957.29 from CNY 7,044.14 year-on-year[18]. Future Plans and Developments - The company plans to expand its market presence and invest in new technologies, although specific figures were not disclosed[12]. - The company did not report any significant new product developments or market expansions during this quarter[7]. Miscellaneous - The company received government subsidies amounting to CNY 100,000.00 during the quarter, contributing to its non-recurring gains[6]. - The first quarter report was not audited, indicating preliminary financial results[24]. - The company disposed of fixed and intangible assets, recovering a net cash amount of $612.00[23].