Increase(SZ:300713)2023-04-26 16:00Financial Performance - The company's revenue for Q1 2023 was ¥57,973,655.84, a decrease of 1.91% compared to ¥59,100,944.96 in the same period last year[5] - Net profit attributable to shareholders was ¥633,246.44, down 61.95% from ¥1,664,304.81 year-on-year[5] - The net profit excluding non-recurring gains and losses increased by 186.67% to ¥398,431.60 from ¥138,985.20 in the previous year[5] - Total operating revenue for Q1 2023 was CNY 57,973,655.84, a decrease of 1.9% compared to CNY 59,100,944.96 in Q1 2022[23] - Net profit for Q1 2023 was CNY -623,467.83, compared to a net profit of CNY 895,306.41 in Q1 2022, indicating a significant decline[24] - Basic and diluted earnings per share decreased to CNY 0.0040 from CNY 0.0105 in the previous year, reflecting a decline in profitability[25] Cash Flow - Operating cash flow improved significantly, with a net outflow of ¥7,748,294.14, a 60.11% reduction from ¥19,423,980.96 in the same period last year[11] - The net cash flow from operating activities was -7,748,294.14 CNY, an improvement from -19,423,980.96 CNY in the previous year[28] - Cash flow from operating activities was CNY 84,970,439.69, compared to CNY 54,444,131.07 in the previous period, showing an increase in cash inflow[27] - The net cash flow from financing activities surged by 3,092.90% to ¥15,624,608.38, primarily due to increased bank borrowings[11] - The net cash flow from financing activities was 15,624,608.38 CNY, up from 489,354.19 CNY year-over-year[29] - The company received 5,868,651.64 CNY in tax refunds, which is a significant increase from 331,754.44 CNY in the previous year[28] Assets and Liabilities - Total assets decreased by 6.94% to ¥962,949,050.37 from ¥1,034,759,422.92 at the end of the previous year[5] - Total liabilities decreased to CNY 285,136,946.18 from CNY 357,576,071.90, a reduction of about 20.2%[21] - The company's equity attributable to shareholders increased slightly to CNY 673,330,369.28 from CNY 671,917,722.84, indicating stability in shareholder equity[21] - The total current assets decreased to RMB 480,963,485.37 from RMB 550,406,897.26, a reduction of approximately 12.6%[19] Shareholder Information - The total number of common shareholders at the end of the reporting period is 15,830[13] - The top 10 shareholders hold a combined 75.63% of the shares, with the largest shareholder, Yin Wei, holding 44.62%[13] - The total number of restricted shares held by major shareholders at the end of the period is 72,093,232[16] Expenses - Sales expenses rose by 56.22% to ¥5,243,631.64, attributed to increased period costs[10] - Research and development expenses rose to CNY 12,668,329.09, an increase of 20.7% from CNY 10,501,492.26 in the same period last year[23] - The company paid 25,902,974.88 CNY in employee compensation, an increase from 22,483,692.91 CNY year-over-year[28] Investments and Future Plans - The company has plans for future expansion and product development, although specific details were not disclosed in the report[17] - The company has a long-term equity investment valued at RMB 16,336,574.93, unchanged from the beginning of the year[19] - The company reported a significant increase in interest income to CNY 1,587,083.72 from CNY 720,738.18, indicating improved financial management[24] Other Financial Metrics - The weighted average return on equity decreased to 0.09% from 0.23% year-on-year[5] - The company reported a decrease in trading financial assets from RMB 34,265,581.52 to RMB 9,735,420.49, a decline of approximately 71.6%[19] - The company's cash and cash equivalents at the end of Q1 2023 amount to RMB 89,870,490.20, an increase from RMB 86,734,655.34 at the beginning of the year[19] - The total cash and cash equivalents at the end of the period amounted to 32,051,572.70 CNY, compared to 52,731,300.54 CNY at the end of the previous year[29] - The net increase in cash and cash equivalents for the quarter was 5,588,059.11 CNY, contrasting with a decrease of 8,312,812.99 CNY in the previous year[29] Audit Information - The company did not conduct an audit for the first quarter report[30]