TST(SZ:002337)2023-04-26 16:00Financial Performance - The company's revenue for Q1 2023 reached ¥202,704,883.19, a significant increase of 292.72% compared to ¥51,615,684.30 in the same period last year[4] - Net profit attributable to shareholders was ¥28,857,024.84, marking a 490.74% increase from a loss of ¥7,385,239.82 in the previous year[4] - Basic and diluted earnings per share improved to ¥0.05, compared to a loss of ¥0.01 per share in the same quarter last year, representing a 600.00% increase[4] - Total operating revenue for Q1 2023 reached ¥202,741,641.03, a significant increase from ¥51,817,036.91 in the same period last year, representing a growth of approximately 290%[21] - Net profit for Q1 2023 was ¥27,848,018.98, compared to a net loss of ¥4,653,472.57 in Q1 2022, indicating a turnaround in profitability[22] - Operating profit for the quarter was ¥33,051,159.81, a substantial improvement from a loss of ¥6,345,279.20 in the previous year[22] - Basic earnings per share for Q1 2023 were ¥0.05, compared to a loss of ¥0.01 per share in Q1 2022[22] Cash Flow and Liquidity - The net cash flow from operating activities decreased by 39.35% to ¥50,386,195.35, down from ¥83,078,275.82 in the prior year[4] - The company’s investment activities generated a net cash flow of ¥45,618,912.41, a turnaround from a negative cash flow of ¥123,123,210.22 in the previous year, representing a 137.05% increase[9] - Cash flow from operating activities generated a net amount of ¥50,386,195.35, down from ¥83,078,275.82 in the same quarter last year[23] - The cash and cash equivalents at the end of the period amounted to 416,236,165.17 CNY, an increase from 344,752,268.10 CNY at the beginning of the period[24] - The company recorded a significant increase in cash inflow from investment activities, totaling ¥402,167,222.51, compared to ¥71,418,841.09 in the previous year[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,865,157,035.93, reflecting a 2.39% increase from ¥1,821,612,042.11 at the end of the previous year[4] - The company reported a total asset value of ¥1,865,157,035.93 as of the end of Q1 2023, compared to ¥1,821,612,042.11 at the end of Q1 2022[22] - The company’s total liabilities amounted to ¥578,447,946.42, an increase from ¥562,656,263.49 in the same period last year[22] - The total current liabilities increased to RMB 573,969,797.85 from RMB 557,895,642.01, showing a rise of about 2%[18] - The company’s non-current assets totaled RMB 277,244,614.56, slightly down from RMB 281,199,115.60, indicating a minor reduction in long-term investments[18] Investments and Strategic Decisions - The company approved a plan to use up to RMB 500 million for entrusted wealth management to enhance capital efficiency and profitability[13] - A foreign exchange hedging plan was approved with a maximum transaction amount of RMB 400 million, aimed at managing currency risk[14] - The company agreed to waive its right of first refusal on shares in Beijing Jingcheng Zhitong Robot Technology Co., Ltd., indicating a strategic shift in investment focus[15] Other Financial Metrics - The company reported a significant increase in contract assets by 65.50%, reaching ¥25,663,300.50 due to increased revenue recognition[8] - The company experienced a 58.17% decrease in notes receivable, which fell to ¥81,325,952.51 due to the maturity of notes[8] - The company’s financial expenses rose by 267.28% to ¥2,893,417.73, primarily due to exchange rate fluctuations[9] - Research and development expenses for the quarter were ¥8,880,876.28, slightly decreased from ¥10,213,076.73 in the previous year[22] - Accounts receivable decreased to RMB 248,989,325.11 from RMB 321,374,381.23, reflecting a reduction of approximately 22.5%[18] - The inventory decreased to RMB 413,815,824.47 from RMB 426,475,403.68, a decline of approximately 3%[18] Audit and Compliance - The company did not conduct an audit for the first quarter report[25]