Yongfu(SZ:300712)2023-04-26 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥340,848,769.08, a decrease of 17.65% compared to ¥413,901,890.98 in the same period last year[5] - Net profit attributable to shareholders was ¥17,319,325.56, representing a 2.74% increase from ¥16,857,636.46 year-on-year[5] - Total operating revenue decreased to ¥340,848,769.08 from ¥413,901,890.98, a decline of approximately 17.6% year-over-year[23] - Net profit for the period increased to ¥16,219,583.04, compared to ¥14,158,798.46 in the previous period, representing a growth of about 14.5%[26] - The total comprehensive income for the period was ¥16,268,663.45, compared to ¥14,272,010.85 in the previous period, marking an increase of approximately 13.9%[28] - The company reported a decrease in total operating costs to ¥335,779,244.26 from ¥414,747,012.85, a decline of about 19.0%[23] Cash Flow and Liquidity - The net cash flow from operating activities was -¥117,781,007.03, a decline of 248.07% compared to ¥79,543,750.76 in the previous year[5] - The cash flow from investing activities decreased by 99.62% to ¥3,500.00, down from ¥912,133.39 in the previous year, indicating reduced investment activity[12] - The net increase in cash and cash equivalents was -¥154,546,155.93, a decline of 530.67% compared to an increase of ¥35,885,389.04 in the same period last year[12] - The company reported a significant decrease in net cash and cash equivalents by $154,546,155.93 during the period[31] - The ending cash and cash equivalents balance decreased to $120,439,027.59 from $392,883,049.71, reflecting a significant reduction in liquidity[31] - The initial cash and cash equivalents balance was $274,985,183.52, showing a substantial decline by the end of the period[31] Assets and Liabilities - Total assets at the end of Q1 2023 were ¥3,294,806,125.25, down 2.57% from ¥3,381,642,034.32 at the end of the previous year[5] - Total current assets decreased from 2,463,906,054.14 RMB at the beginning of the year to 2,352,233,664.23 RMB[18] - Total liabilities decreased to ¥1,892,408,412.37 from ¥1,999,585,002.76, a reduction of approximately 5.4%[22] - Total current liabilities decreased from 1,788,032,139.49 RMB to 1,744,595,699.04 RMB[20] - Total equity increased to ¥1,402,397,712.88 from ¥1,382,057,031.56, reflecting a growth of about 1.5%[22] Shareholder Information - Total number of common shareholders at the end of the reporting period is 23,457[14] - The largest shareholder, Fuzhou Bohong Investment Management Co., Ltd., holds 24.93% of shares, totaling 46,185,486 shares[14] - The company has a total of 1,134,600 shares held by shareholder Wang Wankui through a margin trading account[16] - The company reported a total of 35,378,453 shares held by Fuzhou Yongfu Hengcheng Investment Management Co., Ltd., including 12,500,000 shares through a margin trading account[16] Research and Development - The company's R&D expenses increased by 35.95% to ¥18,051,671.25 from ¥13,278,277.63 in the same period last year, indicating a focus on innovation[10] - Research and development expenses rose to ¥18,051,671.25, up from ¥13,278,277.63, indicating a year-over-year increase of approximately 36.0%[23] Credit and Impairment - The company reported a significant increase in credit impairment losses, which rose by 535.05% to ¥3,456,998.77 from -¥794,622.29 year-on-year[10] - The weighted average return on equity was 1.28%, down from 1.50% in the previous year[5] Audit and Reporting - The company did not undergo an audit for the first quarter report, which may affect the reliability of the financial data presented[32]