GUIBAO TECH(SZ:300019)2023-04-21 16:00Revenue and Profit - The company's revenue for Q1 2023 was ¥530,703,493.40, a decrease of 20.75% compared to ¥669,619,810.69 in the same period last year[4] - Net profit attributable to shareholders was ¥54,990,560.62, an increase of 28.89% from ¥42,664,167.78 year-on-year[4] - Basic earnings per share rose to ¥0.1406, up 28.87% from ¥0.1091 in the same period last year[4] - Operating profit for the quarter was CNY 63,946,375.18, up from CNY 47,023,261.22 in the same period last year, reflecting a growth of 36.1%[22] - The company reported a total profit of CNY 62,662,747.80 for the quarter, which is an increase of 33.2% from CNY 47,061,904.53 in Q1 2022[22] Cash Flow and Liquidity - The net cash flow from operating activities improved significantly to ¥35,453,506.69, compared to a negative cash flow of ¥190,497,773.85 in the previous year, marking a 118.61% increase[4] - The company's cash and cash equivalents at the end of Q1 2023 amounted to ¥720,475,698.07, slightly down from ¥728,490,827.69 at the beginning of the year[17] - The cash and cash equivalents at the end of the quarter stood at CNY 718,383,575.93, a decrease from CNY 895,256,452.67 at the beginning of the period[26] - The company incurred a net cash outflow from investing activities of CNY -41,686,040.53, compared to CNY -336,978,739.75 in Q1 2022, indicating improved cash management[26] - The total cash outflow from operating activities was CNY 261,431,035.17, down from CNY 450,057,083.53 in the previous year, showing a reduction of 41.9%[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,886,017,072.29, reflecting a 2.37% increase from ¥2,819,156,033.47 at the end of the previous year[4] - The total assets as of the end of Q1 2023 were ¥2,886,017,072.29, compared to ¥2,819,156,033.47 at the beginning of the year, marking a growth of 2.4%[20] - The total liabilities increased to ¥605,093,975.08 from ¥594,186,525.47, reflecting a rise of 1.5%[19] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 34,040[9] - The company's equity attributable to shareholders increased by 2.51% to ¥2,280,923,097.21 from ¥2,224,969,508.00[4] Expenses - Management expenses rose by 34.39% to ¥1,760,000, attributed to higher employee compensation and digital transformation consulting fees[7] - Research and development expenses for Q1 2023 were ¥21,443,404.04, slightly up from ¥20,779,641.71 in the previous year, indicating a focus on innovation[21] - The company reported a tax expense of CNY 7,672,187.18 for the quarter, which is an increase from CNY 4,397,736.75 in Q1 2022[22] Inventory and Receivables - Accounts receivable decreased by 42.72% to ¥80,472,000, primarily due to increased payments made with notes[7] - Accounts receivable increased to ¥552,369,189.03 in Q1 2023, compared to ¥488,396,509.88 at the start of the year, reflecting a growth of 13.1%[18] - Inventory levels rose to ¥315,087,440.92, up from ¥275,935,192.96, indicating an increase of 14.2%[18] Investments - The company invested ¥30 million in Guangxi Warner New Materials Co., acquiring a 3.53% stake to support its expansion and operations[14]