MAS(SZ:300275)2023-04-20 16:00Financial Performance - The company's revenue for Q1 2023 was ¥82,634,110, representing a 7.18% increase compared to ¥77,096,927 in the same period last year[5]. - Net profit attributable to shareholders was ¥9,130,033.84, up 13.75% from ¥8,026,491.46 year-on-year[5]. - The net profit after deducting non-recurring gains and losses increased by 22.11% to ¥8,534,526.41 from ¥6,989,146.17 in the previous year[5]. - The total operating revenue for Q1 2023 was CNY 82,634,110, an increase of 7.9% compared to CNY 77,096,927.46 in Q1 2022[24]. - The net profit for Q1 2023 reached CNY 9,045,521.59, representing a growth of 12.2% from CNY 8,064,259.55 in Q1 2022[25]. - The basic earnings per share for Q1 2023 were CNY 0.0485, compared to CNY 0.0433 in Q1 2022, reflecting an increase of 5.5%[26]. - The company's basic earnings per share increased by 12.01% to ¥0.0485 from ¥0.0433 in the previous year[5]. - The weighted average return on equity was 1.17%, slightly up from 1.10% in the previous year[5]. Cash Flow and Assets - The net cash flow from operating activities decreased significantly by 63.04% to ¥9,664,966.07 from ¥26,146,505.87 in the same period last year[12]. - Cash inflow from operating activities totaled ¥93,647,230.85, down from ¥102,871,095.71, a decrease of about 8.5%[29]. - Cash outflow from operating activities increased to ¥83,982,264.78 from ¥76,724,589.84, an increase of approximately 9.3%[29]. - The total assets at the end of the reporting period were ¥1,183,870,173.56, a decrease of 2.39% from ¥1,212,896,978.47 at the end of the previous year[5]. - The total liabilities decreased to CNY 394,286,056.65 in Q1 2023 from CNY 436,159,811.12 in Q1 2022, indicating a reduction of 9.6%[22]. - The cash and cash equivalents at the end of Q1 2023 were not specified, but the company reported a total current asset of CNY 633,109,138.06, down from CNY 658,037,971.18 in Q1 2022[22]. - The ending cash and cash equivalents balance was ¥49,084,305.78, down from ¥75,186,581.97, a decrease of approximately 34.7%[29]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 10,211, with the largest shareholder holding 15.59% of the shares[13]. - The top shareholder, Ma Yan, holds 7,333,700 shares, representing a significant portion of the company's equity[15]. - The company has a total of 10 major unrestricted shareholders, with the largest being Ma Yan and Changcheng Capital Management Co., Ltd.[15]. - The company had a total of 41,257,560 restricted shares at the beginning of the year, with 7,354,575 shares released during the period, leaving 33,902,985 restricted shares at the end[18]. Expenses and Investments - The total operating costs for Q1 2023 were CNY 76,834,092.78, up from CNY 70,087,977.81 in the same period last year, reflecting an increase of 9.5%[24]. - The company's R&D expenses increased to CNY 7,059,258.72 in Q1 2023, compared to CNY 5,586,213.54 in Q1 2022, marking a rise of 26.4%[25]. - The company invested ¥14,682,169.73 in fixed assets and intangible assets, compared to ¥10,578,447.51 in the previous period, marking an increase of about 38.5%[29]. Other Financial Metrics - The company reported a significant increase in other income by 1540.18% to ¥1,969,202.33, primarily due to increased VAT refunds[11]. - The company reported an investment income of CNY 812,504.62 in Q1 2023, up from CNY 542,042.72 in Q1 2022, which is an increase of 49.8%[25]. - The company reported a significant increase in tax payments, totaling ¥10,608,573.67 compared to ¥4,523,279.51 in the previous period, an increase of about 134.5%[29]. Operational Changes - The company experienced a 40.70% decrease in prepaid expenses, attributed to reduced material procurement payments[10]. - The company reported a decrease in prepayments from ¥23,755,973.90 to ¥14,087,670.25, a decline of approximately 40.5%[20]. - Accounts receivable decreased to ¥320,739,052.47 from ¥329,058,365.76 at the beginning of the year, indicating a reduction of approximately 0.97%[20]. - Other receivables increased to ¥24,324,669.72 from ¥17,439,368.17, representing a growth of approximately 39.4%[20]. Strategic Outlook - The company has not disclosed any new product developments or market expansion strategies in the current report[19]. - There is no indication of any mergers or acquisitions in the current financial report[19]. - The company’s management has indicated that they will adhere to the 25% limit on share reductions during their tenure[16].