YILIDA(SZ:002686)2023-04-21 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥283,250,235.55, a decrease of 32.05% compared to ¥416,841,010.78 in the same period last year[4] - Net profit attributable to shareholders increased by 20.70% to ¥6,295,351.54 from ¥5,215,611.29 year-on-year[4] - The company reported a basic earnings per share of ¥0.0111, up 20.65% from ¥0.0092 in the same period last year[4] - The company reported a net profit margin of approximately 0.44% for Q1 2023, down from 2.0% in Q1 2022[20] - The net profit for the first quarter of 2023 was CNY 6,360,796.58, an increase of 9.8% compared to CNY 5,788,646.88 in the same period last year[21] - Operating profit rose to CNY 8,842,700.27, up 55.5% from CNY 5,669,994.79 year-on-year[21] - The company's total profit for the quarter was CNY 9,285,359.48, an increase of 45.5% from CNY 6,386,981.17 in the previous year[21] Cash Flow - The net cash flow from operating activities reached ¥43,585,453.78, a significant increase of 390.19% compared to a negative cash flow of ¥15,019,486.14 in the previous year[11] - The cash flow from operating activities generated a net inflow of CNY 43,585,453.78, a significant recovery from a net outflow of CNY 15,019,486.14 in the prior year[24] - The net cash flow from financing activities was ¥98,944,221.60, an increase of 48.38% compared to ¥66,685,007.25 in the previous year[11] Assets and Liabilities - Total assets at the end of Q1 2023 were ¥3,007,143,071.06, reflecting a 0.90% increase from ¥2,980,379,277.02 at the end of the previous year[4] - Total assets as of March 31, 2023, were CNY 3,007,143,071.06, compared to CNY 2,980,379,277.02 at the beginning of the year, reflecting a growth of 0.9%[18] - Total liabilities increased to CNY 1,285,014,264.24 from CNY 1,264,010,230.34, showing a rise of 1.7%[18] - The company’s equity attributable to shareholders reached CNY 1,603,290,230.14, slightly up from CNY 1,597,321,430.98[18] Costs and Expenses - Total operating costs for Q1 2023 were CNY 282,007,342.84, down from CNY 407,376,021.30 in Q1 2022, reflecting a reduction of 30.8%[20] - Research and development expenses increased to CNY 17,033,090.73, up from CNY 16,030,771.54, reflecting a focus on innovation[21] - The financial expenses included interest expenses of CNY 5,788,569.78, a decrease from CNY 10,327,819.07 in the same period last year[21] Borrowings and Payables - The company’s short-term borrowings increased by 59.99% to ¥353,820,741.82, primarily due to new bank loans obtained during the period[9] - Short-term borrowings rose significantly to CNY 353,820,741.82 from CNY 221,155,744.61, marking an increase of 59.8%[18] - The company’s accounts payable decreased by 31.60% to ¥262,689,315.64, attributed to reduced sales in the renewable energy sector[9] Other Income - The company received government subsidies amounting to ¥865,713.48, which were closely related to its normal business operations[7] - The company reported a total comprehensive income of CNY 5,759,760.14, slightly up from CNY 5,543,500.95 in the previous year[22] - Cash and cash equivalents at the end of the period totaled CNY 242,396,245.32, down from CNY 330,256,023.93 a year earlier[24] - Cash and cash equivalents at the end of Q1 2023 amounted to CNY 406,338,761.05, an increase of 71.7% from CNY 236,502,101.05 at the beginning of the year[16] Inventory and Receivables - Accounts receivable decreased to CNY 368,377,913.77 from CNY 517,725,824.33, representing a decline of 29.0%[16] - Inventory increased to CNY 564,525,509.92, up from CNY 531,261,327.54, indicating a rise of 6.2%[17]