FORYOU(SZ:002906)2023-04-19 16:00Financial Performance - Total operating revenue for the current period reached ¥1,315,429,083.28, an increase of 9.66% compared to ¥1,199,891,601.19 in the previous period[17] - Net profit attributable to the parent company was ¥77,531,063.60, representing a 12.66% increase from ¥69,164,112.17 in the same period last year[18] - The company reported a net profit of ¥78,580,992.01, which is a 12.24% increase compared to ¥69,855,779.82 in the previous year[18] - The total profit for the current period was ¥71,299,911.99, an increase from ¥65,008,269.38 in the previous period[18] - Net profit attributable to shareholders for Q1 2023 was CNY 77,531,063.60, up 12.10% from CNY 69,164,112.17 in the previous year[45] Assets and Liabilities - The total assets of the company amounted to 7,087,991,010.07 CNY, an increase from 6,996,997,462.39 CNY[15] - The total liabilities stood at 2,789,256,438.24 CNY, slightly up from 2,780,879,320.18 CNY[15] - The company’s total non-current assets decreased by 44.05% to 27,007,789.59 CNY due to asset acceptance being transferred to fixed assets[6] - The total current assets at the end of Q1 2023 were CNY 4,641,300,808.67, slightly up from CNY 4,596,549,940.05 at the beginning of the year[31] Cash Flow - The net cash flow from operating activities improved significantly to CNY 14,057,424.85, a 513.65% increase from a negative CNY 3,398,418.82 in Q1 2022[45] - Net cash flow from investing activities decreased by 131.44% to -¥86,599,106.74, due to increased cash payments for long-term asset acquisitions[50] - Net cash flow from financing activities dropped by 345.93% to -¥80,521,854.93, primarily due to the repayment of short-term loans[50] Equity and Reserves - The company’s capital reserve increased to 973,153,066.07 CNY from 964,035,331.39 CNY, indicating a growth in equity[15] - The total assets and owners' equity reached ¥7,087,991,010.07 and ¥4,298,734,571.83 respectively, showing growth from ¥6,996,997,462.39 and ¥4,216,118,142.21 in the prior period[17] Expenses - Total operating costs amounted to ¥1,256,172,670.58, up 10.14% from ¥1,141,004,935.16 in the prior period[17] - Research and development expenses increased to ¥128,423,244.58, up 21.77% from ¥105,448,962.40 in the previous period[17] - Financial expenses increased by 77.23% to ¥2,718,445.34 due to rising interest costs[49] - Credit impairment losses rose by 64.30% to ¥6,847,236.93, attributed to a decrease in accounts receivable[50] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 31,017, with the largest shareholder holding 56.86%[51] Other Notable Points - The company plans to establish a new subsidiary, Huizhou Xinhua Optical Technology Co., Ltd., with a registered capital of 60 million CNY, in which the company will hold 5.95% equity[11] - The company has not disclosed any new product developments or market expansion strategies in the current report[21] - The company experienced a decrease in other comprehensive income, with a net amount of -¥4,556,668.16 compared to -¥2,213,443.35 in the previous period[18] - The company disposed of outdated equipment, resulting in a loss of ¥418,906.02, a significant increase of 3300.22% compared to the previous period[50] - The income tax expense decreased by 50.20% to -¥7,281,080.02, due to an increase in R&D expense deductions[50]