AVD(SZ:300939)2023-04-25 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥242,473,661.64, a decrease of 4.55% compared to ¥254,044,050.64 in the same period last year[4]. - Net profit attributable to shareholders for Q1 2023 was ¥31,759,628.59, representing an increase of 22.39% from ¥25,949,896.88 in the previous year[4]. - Total revenue for Q1 2023 was CNY 242,473,661.64, a decrease of 4.6% from CNY 254,044,050.64 in the previous year[26]. - Net profit for Q1 2023 reached CNY 31,681,369.05, an increase of 22.1% compared to CNY 25,949,896.88 in Q1 2022[27]. - Basic and diluted earnings per share for Q1 2023 were both ¥0.26, reflecting a growth of 23.81% from ¥0.21 in the same quarter last year[5]. - Earnings per share for Q1 2023 were CNY 0.26, up from CNY 0.21 in the previous year[27]. Cash Flow and Liquidity - The net cash flow from operating activities decreased significantly by 71.54%, amounting to ¥16,586,135.99 compared to ¥58,282,336.48 in Q1 2022[5]. - The cash inflow from operating activities for Q1 2023 was ¥216,132,805.17, a decrease of 20.5% compared to ¥271,740,940.59 in Q1 2022[30]. - The cash received from sales of goods and services was ¥204,754,865.06, a decrease of 19.11% compared to the same period last year due to macroeconomic impacts[16]. - Cash and cash equivalents at the end of Q1 2023 were CNY 243,900,829.63, down 61.3% from CNY 630,993,766.65 at the beginning of the year[25]. - The total cash and cash equivalents at the end of Q1 2023 were ¥213,372,132.33, down from ¥290,383,069.98 at the end of Q1 2022, reflecting a decrease of 26.5%[31]. - The company reported a significant increase in cash paid for taxes, which rose by 68.98% to ¥13,171,771.37, due to the expiration of deferred tax payments[16]. Assets and Liabilities - Total assets at the end of Q1 2023 were ¥1,601,334,753.88, a slight increase of 0.27% from ¥1,597,021,938.40 at the end of the previous year[5]. - Total liabilities decreased to CNY 279,329,676.67 from CNY 308,729,818.15 at the start of the year, reflecting a reduction of 9.5%[25]. - The company reported a total equity of CNY 1,322,005,077.21, an increase from CNY 1,288,324,972.48 at the beginning of the year[25]. - The company has a total of ¥331,078,470.84 in undistributed profits[36]. - The total current liabilities include accounts payable of ¥142,796,829.77[35]. Investments and Expenditures - Investment activities generated a net cash flow of -¥422,680,591.01, an improvement of 32.83% compared to the previous year, attributed to the redemption of financial products[16]. - Cash paid for purchasing fixed assets decreased by 78.64% to ¥4,130,955.38, reflecting reduced investment expenditures in certain projects[16]. - The company received ¥200,000,000.00 from investment recoveries in Q1 2023, compared to no cash received in the same period last year[30]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 15,422[18]. - The largest shareholder, Shenzhen Hanzhi Investment Co., Ltd., holds 45.09% of the shares, totaling 54,108,000 shares[18]. Government Support and Subsidies - The company received government subsidies amounting to ¥4,541,909.36 during the quarter, contributing to its non-operating income[7]. - Tax refunds received amounted to ¥4,611,475.96, down 68.13% year-on-year, primarily due to delays in export tax rebates[16]. Research and Development - Research and development expenses increased to CNY 12,853,984.72, up from CNY 11,876,708.97, indicating a focus on innovation[26]. Future Outlook - The company plans to continue investing in new projects and expanding its market presence, focusing on technology development and product innovation[4].