Financial Performance - The company's operating revenue for Q1 2023 was ¥66,650,548.75, a decrease of 33.22% compared to ¥99,800,872.30 in the same period last year[6] - The net profit attributable to shareholders for Q1 2023 was ¥2,461,207.68, down 76.16% from ¥10,325,896.45 in the previous year[6] - Basic and diluted earnings per share for Q1 2023 were both ¥0.02, down 85.71% from ¥0.14 in the same period last year[6] - Net profit for Q1 2023 was CNY 2,461,207.68, a decrease of 76.16% compared to CNY 10,325,896.45 in Q1 2022, primarily due to reduced revenue and increased R&D investments[11] - Total operating revenue for Q1 2023 was CNY 66,650,548.75, a decrease of 33.2% compared to CNY 99,800,872.30 in Q1 2022[21] - Total operating costs for Q1 2023 were CNY 65,442,341.43, down 24.2% from CNY 86,410,896.15 in the same period last year[21] - The company reported a total comprehensive income of CNY 4,422,602.22 for Q1 2023, down from CNY 10,136,555.20 in Q1 2022[22] Cash Flow - The cash flow from operating activities showed a net outflow of ¥10,162,995.94, representing a decline of 62.37% compared to the previous year's outflow of ¥6,259,171.52[6] - Operating cash flow for Q1 2023 was negative CNY 10,162,995.94, a decline of 62.37% from negative CNY 6,259,171.52 in Q1 2022, attributed to the end of tax deferral policies[11] - Investment cash flow for Q1 2023 was negative CNY 67,358,402.63, a decrease of 115.75% compared to negative CNY 31,220,751.05 in Q1 2022, mainly due to ongoing construction of fundraising projects[11] - The net cash flow from operating activities was -$10,162,995.94, a decline from -$6,259,171.52 in the previous period, indicating worsening cash flow performance[24] - The net cash flow from investment activities was -$67,358,402.63, worsening from -$31,220,751.05 in the previous period[24] Assets and Liabilities - The total assets at the end of Q1 2023 were ¥1,166,473,837.08, reflecting a slight increase of 0.23% from ¥1,163,800,563.61 at the end of the previous year[6] - Total liabilities for Q1 2023 were CNY 209,162,971.56, a marginal increase from CNY 208,969,723.14 in Q4 2022[19] - The company's total equity reached CNY 957,310,865.52, compared to CNY 954,830,840.47 in the previous quarter[19] Research and Development - Research and development expenses increased by 67.95% to ¥6,817,732.42 in Q1 2023, compared to ¥4,059,320.64 in the same period last year, indicating a focus on new project development[10] - The company is focusing on expanding its R&D projects, which has impacted short-term profitability but aims to enhance long-term growth[11] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 8,275, with the top 10 shareholders holding significant stakes[12] - The largest shareholder, Wei Zhixiang, holds 29.51% of shares, while the second-largest, Wei Qiong, holds 19.51%, both having pledged portions of their shares[12] Financing Activities - Financing cash flow for Q1 2023 was CNY 29,632,858.87, an increase of 2083.67% from negative CNY 1,493,840.20 in Q1 2022, driven by increased funding needs[11] - Cash inflow from financing activities increased significantly to $40,000,000.00 from $9,500,000.00, marking a 321% increase[25] - The net cash flow from financing activities was $29,632,858.87, compared to a negative $1,493,840.20 in the previous period[25] Other Income and Expenses - The company’s other income increased by 233.82% to ¥1,331,112.54 in Q1 2023, compared to ¥398,749.14 in the same period last year, primarily due to increased government subsidies[10] - The company’s credit impairment losses decreased by 68.62% to ¥313,752.82 in Q1 2023, down from ¥999,773.21 in the previous year, reflecting improved credit management[10] - Other comprehensive income after tax for Q1 2023 was CNY 1,961,394.54, compared to a loss of CNY 189,341.25 in the same period last year[22]
祥源新材(300980) - 2023 Q1 - 季度财报