Revenue and Growth - The company's revenue for Q1 2023 was ¥216,090,082.14, representing a 370.55% increase compared to ¥45,922,921.63 in the same period last year[5] - Total operating revenue for Q1 2023 reached ¥216,090,082.14, a significant increase from ¥45,922,921.63 in the same period last year, representing a growth of approximately 370%[17] - The company achieved revenue of ¥84,042,300 from its new lithium-ion battery anode material project in Q1 2023, contributing positively to overall revenue[8] Losses and Earnings - The net loss attributable to shareholders was ¥35,596,760.29, a decline of 782.37% from a loss of ¥4,034,236.11 in the previous year[5] - Basic and diluted earnings per share decreased by 790.00% to -¥0.2670 from -¥0.03 in the previous year[9] - The net profit for Q1 2023 was -35,597,660.29 CNY, compared to -4,034,236.11 CNY in the same period last year, indicating a significant increase in losses[18] - The total comprehensive income for Q1 2023 was -35,597,660.29 CNY, compared to -4,034,236.11 CNY in Q1 2022, indicating a worsening financial position[19] Cash Flow and Operating Activities - The net cash flow from operating activities was -¥262,781,671.22, a decrease of 906.33% compared to ¥32,589,779.20 in the same period last year[5] - Operating cash flow for Q1 2023 was -262,781,671.22 CNY, a decrease from 32,589,779.20 CNY in Q1 2022, reflecting a substantial decline in cash generation[22] - The total operating cash outflow for Q1 2023 was 299,311,080.50 CNY, significantly higher than 62,529,930.54 CNY in Q1 2022[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,817,598,042.80, an increase of 12.75% from ¥1,612,049,902.89 at the end of the previous year[5] - Total assets as of Q1 2023 were ¥1,817,598,042.80, up from ¥1,612,049,902.89 at the beginning of the year, indicating a growth of about 12.7%[15] - Total liabilities increased to ¥642,496,251.92 from ¥429,336,621.69, representing a rise of approximately 49.6%[15] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 14,107[10] - The company's equity attributable to shareholders decreased to ¥1,168,705,812.41 from ¥1,174,299,923.80, reflecting a decline of approximately 0.5%[15] Cash and Cash Equivalents - The company's cash and cash equivalents at the end of Q1 2023 amounted to ¥159,445,183.67, up from ¥151,332,780.72 at the beginning of the year, reflecting an increase of approximately 5%[13] - Cash and cash equivalents at the end of Q1 2023 were 159,445,183.67 CNY, down from 566,292,277.76 CNY at the end of Q1 2022[22] Expenses - Total operating costs for Q1 2023 were ¥243,336,469.87, compared to ¥49,666,185.45 in Q1 2022, indicating a rise of about 389%[17] - Research and development expenses increased to 3,487,605.71 CNY from 2,476,221.88 CNY, representing a growth of about 40.8%[18] - The company incurred financial expenses of -834,494.37 CNY, a significant improvement compared to -3,986,048.96 CNY in the previous year[18] Government Support - The company received government subsidies amounting to ¥1,363,811.98 during the reporting period[6] Accounts Receivable and Inventory - Accounts receivable increased significantly to ¥201,830,302.66 from ¥54,728,387.71, marking a growth of about 267%[13] - Inventory levels rose to ¥339,278,455.93 in Q1 2023, compared to ¥277,004,488.96 at the start of the year, which is an increase of approximately 22.5%[14]
致远新能(300985) - 2023 Q1 - 季度财报