TVT(SZ:002835)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 202,784,170.12, representing a 41.44% increase compared to CNY 143,368,980.84 in the same period last year[5]. - Net profit attributable to shareholders reached CNY 8,656,011.10, a significant increase of 1,894.21% from CNY 434,057.29 in the previous year[5]. - Basic and diluted earnings per share were both CNY 0.039, reflecting an increase of 1,850.00% compared to CNY 0.002 in the same quarter last year[5]. - The company reported a total comprehensive income of CNY 8,200,903.28 for Q1 2023, significantly higher than CNY 298,030.97 in Q1 2022[19]. - Operating profit for the quarter was CNY 8,515,288.39, compared to CNY 190,262.27 in the same period last year, marking a substantial improvement[18]. - Total revenue from operating activities was CNY 310,251,147.92, an increase from CNY 282,396,955.84 in Q1 2022, reflecting a growth of approximately 9.7%[20]. Cash Flow and Assets - The cash flow from operating activities was CNY 25,827,493.01, up 27.53% from CNY 20,252,369.50 year-on-year[5]. - The company's cash and cash equivalents decreased to ¥317,364,051.68 from ¥365,782,774.24 at the beginning of the year, a decline of 13.2%[13]. - Total assets at the end of the reporting period were CNY 1,183,946,369.25, a decrease of 7.62% from CNY 1,281,578,813.79 at the end of the previous year[5]. - Accounts receivable decreased to ¥253,499,449.54 from ¥311,992,552.86, representing a reduction of 18.7%[13]. - Inventory levels decreased to ¥186,387,720.39 from ¥209,872,796.33, a decrease of 11.2%[14]. - Current liabilities decreased to ¥240,132,930.74 from ¥344,710,235.35, a reduction of 30.3%[15]. - The company's total equity increased slightly to ¥932,054,852.16 from ¥923,853,948.88, an increase of 0.1%[15]. Expenses and Financial Management - Total operating costs for Q1 2023 were ¥193,158,171.72, up from ¥146,400,241.10 in Q1 2022, reflecting a rise of 31.9%[17]. - Sales expenses increased by 38.96% year-on-year, primarily due to higher salaries for sales personnel[8]. - Financial expenses surged by 230.43% compared to the previous year, mainly due to exchange rate fluctuations[8]. - Research and development expenses rose to CNY 37,755,154.59, up from CNY 30,254,215.10, indicating a year-over-year increase of about 24.5%[18]. - The company incurred a foreign exchange loss of CNY 7,951,851.73 during the quarter, compared to a loss of CNY 1,328,266.37 in the previous year[22]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 28,938, with the top shareholder holding 31.52% of the shares[10]. - The company received government subsidies amounting to CNY 2,530,924.37, contributing to an 82.45% increase in other income compared to the previous year[6]. Future Outlook - Future outlook includes potential market expansion and new product development strategies, although specific details were not disclosed in the report[14].