XDC(SZ:300615)2023-04-24 16:00Financial Performance - The company's revenue for Q1 2023 was ¥194,080,020.14, representing a 139.41% increase compared to ¥81,066,621.89 in the same period last year[4] - Net profit attributable to shareholders for Q1 2023 was ¥23,735,950.81, a significant increase of 282.39% from ¥6,207,265.60 in Q1 2022[4] - Basic earnings per share for Q1 2023 were ¥0.1250, up 279.94% from ¥0.0329 in Q1 2022[4] - Net profit for Q1 2023 reached CNY 28,932,870.22, representing a 324.5% increase from CNY 6,821,692.85 in Q1 2022[20] - The total comprehensive income for the period attributable to the parent company was CNY 24,314,225.11, compared to CNY 6,191,636.87 in the previous period, representing an increase of approximately 292%[21] Cash Flow - The net cash flow from operating activities reached ¥22,377,748.24, a turnaround from a negative cash flow of -¥12,013,681.85 in the previous year, marking a 286.27% improvement[4] - Cash inflow from operating activities totaled CNY 205,261,309.42, compared to CNY 75,783,639.00 in the previous period, marking an increase of approximately 171%[23] - Cash outflow from operating activities was CNY 182,883,561.18, up from CNY 87,797,320.85 in the previous period, reflecting increased operational expenditures[23] - The net cash flow from investing activities was CNY -22,624,315.82, an improvement from CNY -42,734,500.02 in the previous period[24] - The cash and cash equivalents at the end of the period were CNY 69,010,897.90, down from CNY 103,278,285.32 at the end of the previous period[24] Assets and Liabilities - Total assets at the end of Q1 2023 were ¥893,445,630.96, showing a slight decrease of 0.003% from the end of the previous year[4] - Total liabilities decreased to CNY 304,577,183.72 from CNY 334,116,966.25, a decline of 8.8%[18] - The company's total assets remained stable at CNY 893,445,630.96, slightly down from CNY 893,474,268.97[18] - The equity attributable to shareholders increased to CNY 572,552,390.92 from CNY 548,238,165.81, reflecting a growth of 4.4%[18] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,796[11] - The largest shareholder, Shi Weiping, holds 28.96% of the shares, with 55,007,583 shares, of which 27,000,000 are pledged[11] - The top ten shareholders hold a significant portion of the company's shares, with the largest shareholder holding 41,255,687 shares[12] - The company reported that major shareholders do not have any concerted action relationships, ensuring independent decision-making[12] Operational Highlights - The increase in revenue was primarily driven by a growth in sales of RF device products[9] - The company reported a gross profit margin of approximately 19% for Q1 2023, compared to 10.3% in the previous year[19] - Research and development expenses were CNY 4,741,069.92, an increase of 29% from CNY 3,674,660.09 in the prior year[20] - The total operating costs amounted to CNY 156,763,813.65, up 115.5% from CNY 72,657,373.68 year-over-year[19] Market and Strategy - The company has not disclosed any new product developments or technological advancements in this quarter[13] - No new strategies related to market expansion or mergers and acquisitions were mentioned in the report[15] - There were no significant changes in the number of preferred shareholders or restricted shares during this period[13] Financial Position - The company's cash and cash equivalents decreased to ¥69,502,120.44 from ¥74,214,128.15 at the beginning of the year, representing a decline of approximately 9.6%[16] - Trading financial assets increased to ¥191,761,930.73 from ¥173,080,858.42, reflecting a growth of about 10.8%[16] - Accounts receivable decreased to ¥6,685,387.25 from ¥11,977,840.42, indicating a reduction of approximately 44.4%[16] - The total number of restricted shares at the end of the period was 61,252,628, with 29,100 shares released during the quarter[14]