Ceepower (SZ:300062)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥337,903,236.61, representing a 25.42% increase compared to ¥269,417,778.45 in the same period last year[4] - The net profit attributable to shareholders for Q1 2023 was ¥10,909,193.26, a 2.85% increase from ¥10,607,354.88 in Q1 2022[4] - Total operating revenue for Q1 2023 was CNY 337.90 million, an increase of 25.4% compared to CNY 269.42 million in Q1 2022[19] - Net profit for Q1 2023 reached CNY 10.87 million, slightly up from CNY 10.58 million in Q1 2022, representing a growth of 2.8%[21] - The total comprehensive income for Q1 2023 was CNY 10.86 million, slightly down from CNY 10.98 million in Q1 2022[22] Cash Flow - The cash flow from operating activities showed a net outflow of ¥123,134,096.00, a significant decline of 263.66% compared to an outflow of ¥33,860,034.47 in the previous year[4] - The net cash flow from operating activities was -123,134,096.00 CNY, compared to -33,860,034.47 CNY in the previous period, indicating a significant decline[23] - Cash inflow from operating activities totaled 328,686,799.37 CNY, up from 231,955,371.16 CNY in the previous period, reflecting a growth of approximately 41.7%[23] - Cash outflow from operating activities increased to 451,820,895.37 CNY from 265,815,405.63 CNY, representing a rise of about 69.9%[23] - The company’s cash flow from operating activities remains negative, highlighting ongoing challenges in operational efficiency[23] Assets and Liabilities - Total assets at the end of Q1 2023 were ¥2,444,817,871.93, down 4.86% from ¥2,569,677,776.08 at the end of the previous year[5] - The company's total assets decreased to CNY 2.44 billion from CNY 2.57 billion, a decline of 4.9%[18] - The company's total liabilities decreased by 41.17% in the category of current non-current liabilities, reflecting a reduction in long-term borrowings due for repayment[7] - Total liabilities decreased to CNY 1.19 billion from CNY 1.33 billion, a reduction of 10.7%[18] - The total current assets decreased to ¥1,718,192,740.55 from ¥1,837,670,611.70, reflecting a decline of approximately 6.5%[16] Shareholder Information - The total number of common shareholders at the end of the reporting period is 41,649[10] - The top three shareholders hold significant stakes: CHEN MANHONG at 17.81% (99,328,000 shares), CHEN TIANXU at 17.10% (95,363,520 shares), and WU HAO at 7.73% (43,110,640 shares)[10] - The total number of restricted shares held by executives is 178,764,720, with no changes in the number of restricted shares during the period[13] - The company has a family-controlled structure, with the main shareholders being CHEN TIANXU, CHEN MANHONG, and WU HAO[10] - The company reported a total of 24,832,000 unrestricted shares held by CHEN MANHONG, 23,840,880 by CHEN TIANXU, and 10,605,160 by WU HAO[10] Expenses - Sales expenses increased by 37.94% to ¥18,111,927.43, driven by revenue growth and corresponding increases in sales-related costs[7] - Research and development expenses for Q1 2023 were CNY 5.68 million, down 26.9% from CNY 7.76 million in Q1 2022[19] Investment and Financing Activities - Investment income for Q1 2023 was ¥527,237.80, a significant turnaround from a loss of ¥882,308.08 in the same period last year, marking a 159.76% improvement[8] - The net cash flow from investing activities was -121,976,480.38 CNY, slightly improved from -130,333,161.83 CNY in the previous period[25] - Cash inflow from investing activities was 431,052.05 CNY, compared to 256,449.31 CNY previously, showing an increase of approximately 68.1%[25] - Cash outflow from investing activities decreased to 122,407,532.43 CNY from 130,589,611.14 CNY, a reduction of about 6.3%[25] - The net cash flow from financing activities was 3,709,945.63 CNY, down from 272,329,128.11 CNY in the previous period, indicating a significant decrease[25] - Cash inflow from financing activities was 77,700,000.00 CNY, compared to 414,759,990.52 CNY previously, a decline of approximately 81.2%[25] Other Financial Metrics - The company's basic earnings per share remained stable at ¥0.02, unchanged from the previous year[4] - Basic and diluted earnings per share remained stable at CNY 0.02 for both Q1 2023 and Q1 2022[22] - The company reported a decrease in cash flow hedging reserves, with a loss of CNY 798.42 thousand compared to a gain of CNY 394.81 thousand in the previous year[22]