Financial Performance - The company's revenue for Q1 2023 was ¥222,766,924.55, representing a 42.90% increase compared to ¥155,891,329.05 in the same period last year[4] - Net profit attributable to shareholders for Q1 2023 was ¥21,022,138.77, a 69.33% increase from ¥12,414,849.48 year-on-year[4] - Basic earnings per share increased by 75.00% to ¥0.14 from ¥0.08 in the same quarter last year[4] - Operating profit for the quarter was ¥25,267,828.80, up 64.4% from ¥15,383,708.89 in Q1 2022[22] - Net profit attributable to the parent company was ¥21,022,138.77, representing a 69.5% increase from ¥12,414,849.48 in the previous year[22] - The company reported a total comprehensive income of ¥21,022,138.77 for the quarter, reflecting strong financial performance[23] Cash Flow - The net cash flow from operating activities was -¥19,302,912.53, a decline of 17.49% compared to -¥16,429,074.58 in the previous year[4] - Cash generated from operating activities was ¥138,235,689.35, an increase from ¥88,333,825.49 in the same quarter last year[25] - Total cash inflow from operating activities was 138,235,689.35, while cash outflow was 157,538,601.88, resulting in a negative cash flow from operations[26] - The company incurred cash outflows of 700,000.00 related to financing activities, with no cash inflows reported in this category[26] - The company’s cash flow from operating activities was significantly impacted by increased operational costs, leading to a negative cash flow situation[26] Assets and Liabilities - Total assets at the end of Q1 2023 were ¥1,353,120,860.02, a slight decrease of 0.40% from ¥1,358,578,255.94 at the end of the previous year[4] - Total liabilities decreased to ¥406,433,009.25 from ¥432,912,543.94 year-over-year[22] - The company’s total liabilities include short-term borrowings of ¥100,000,000.00, unchanged from the beginning of the year[19] - The company reported a cash and cash equivalents balance of 48,787,858.77 at the end of Q1 2023, up from 43,926,910.68 at the beginning of the quarter[26] Shareholder Information - Total number of common shareholders at the end of the reporting period is 13,310[12] - The largest shareholder, Feng Mingming, holds 35.42% of shares, totaling 55,251,400 shares[12] - The company’s major shareholders include Han Ming with 10.10% and Shanghai DunJia Investment Management Co., Ltd. with 8.09%[12] - The total number of restricted shares at the end of the period is 2,141,100, all of which were released during the reporting period[15] Research and Development - Research and development expenses rose by 42.06% to ¥11,184,951.50, up from ¥7,873,311.48 in the previous year, indicating increased investment in R&D[9] - Research and development expenses increased to ¥11,184,951.50, up 42.8% from ¥7,873,311.48 in Q1 2022, indicating a focus on innovation[22] Operational Costs - The company’s operating costs for Q1 2023 were ¥172,860,194.15, reflecting a 46.13% increase from ¥118,290,804.05 in the same period last year[9] - The company paid 39,181,919.86 in employee-related cash payments, an increase from 28,202,523.69 in Q1 2022, reflecting higher labor costs[26] - Tax payments increased to 7,397,630.23 from 2,783,221.58 year-over-year, indicating a rise in tax obligations[26] Investment Activities - Cash flow from investment activities showed a net inflow of 25,125,643.28, a significant improvement from -2,267,753.03 in the same period last year[26] - The company reported cash inflow from investment activities primarily from recovering investments amounting to 30,204,031.85[26] Strategic Decisions - The company has decided to terminate funding for the "Phase II Construction Project of the R&D Testing Center" and redirect remaining funds to its wholly-owned subsidiary for the "Manufacturing Project of Core Components for Special Equipment"[16]
中洲特材(300963) - 2023 Q1 - 季度财报