BSM(SZ:300796)2023-04-12 16:00Financial Performance - The company's revenue for Q1 2023 was ¥218,122,163.10, representing a 21.76% increase compared to ¥179,144,881.87 in the same period last year[5] - Net profit attributable to shareholders was ¥49,529,822.72, a significant increase of 60.07% from ¥30,943,310.64 in Q1 2022[5] - The net profit for the period was ¥51,050,512.43, a 60.56% increase from ¥31,795,374.38 in Q1 2022[11] - Total operating revenue for Q1 2023 was CNY 218,122,163.10, an increase of 21.7% compared to CNY 179,144,881.87 in Q1 2022[20] - Earnings per share for Q1 2023 were CNY 0.14, compared to CNY 0.10 in Q1 2022, reflecting a 40% increase[21] Cash Flow and Liquidity - The net cash flow from operating activities surged by 550.70%, reaching ¥90,637,544.38 compared to ¥13,929,328.09 in the previous year[5] - The cash inflow from operating activities totaled ¥224,426,954.24, an increase of 60.9% compared to ¥139,237,348.26 in the previous year[24] - The total cash flow from operating activities for Q1 2023 showed positive trends, indicating improved liquidity[22] - The total cash and cash equivalents at the end of the period were ¥594,485,431.48, down from ¥397,850,719.44 year-over-year[25] Assets and Liabilities - Total assets decreased by 1.56% to ¥2,067,885,173.00 from ¥2,100,743,391.28 at the end of the previous year[5] - Total liabilities as of Q1 2023 amounted to CNY 384,295,479.90, a decrease from CNY 469,242,056.36 in the previous year[22] - Total equity for Q1 2023 was CNY 1,683,589,693.10, up from CNY 1,631,501,334.92 in the same period last year[22] Expenses - Management expenses increased by 36.87% to ¥14,650,163.87, primarily due to higher startup costs for subsidiaries[10] - The company reported a 196.75% increase in income tax expenses, amounting to ¥15,737,616.94, reflecting higher profits[11] - Total operating costs for Q1 2023 were CNY 157,428,131.80, up 12.7% from CNY 139,680,471.75 in the same period last year[20] - Research and development expenses for Q1 2023 were CNY 9,227,900.39, slightly higher than CNY 9,111,939.15 in Q1 2022[20] Shareholder Information - Total number of common shareholders at the end of the reporting period is 8.991 million[13] - The largest shareholder, Ningbo Baismei Investment Holdings Co., Ltd., holds 23.02% of shares, totaling 46,177,211 shares[13] - The company has a total of 46,177,211 unrestricted shares held by the largest shareholder[14] Investment and Growth - The company is actively involved in the development of new products and technologies, although specific details were not disclosed in the report[16] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[22] Other Financial Metrics - Basic and diluted earnings per share increased by 40.00%, from ¥0.10 to ¥0.14[5] - Cash and cash equivalents at the end of the period increased by 49.42% to ¥594,485,431.48 from ¥397,850,719.44[11] - Accounts receivable decreased to ¥121,182,300.73 from ¥154,024,659.35, representing a decline of about 21.3%[17] - Inventory decreased to ¥72,781,193.73 from ¥89,087,205.39, a reduction of approximately 18.3%[17] - Non-current assets increased to ¥1,159,264,993.82 from ¥1,121,133,603.01, an increase of approximately 3.4%[17] Cash Flow Activities - The cash outflow for investing activities was ¥64,499,881.93, compared to ¥33,505,139.23 in the same period last year, resulting in a net cash flow from investing activities of -¥64,459,491.93[24] - The cash inflow from financing activities was ¥8,525,000.00, a decrease from ¥126,985,234.05 in the previous year[25] - The net cash flow from financing activities was -¥37,895,723.84, contrasting with a positive net cash flow of ¥93,860,495.24 in the same quarter last year[25] Audit Information - The company did not conduct an audit for the first quarter report[26]