Financial Performance - The company's revenue for Q1 2023 was CNY 380,038,416.74, representing a 44.85% increase compared to CNY 262,365,042.90 in the same period last year[5] - Net profit attributable to shareholders decreased by 64.51% to CNY 1,845,667.37 from CNY 5,200,319.98 year-on-year[5] - The net profit after deducting non-recurring gains and losses was CNY -8,376,174.34, a decline of 347.35% compared to CNY 3,386,419.88 in the previous year[5] - Net profit for Q1 2023 was CNY -868,097.44, a decrease from CNY 6,087,036.52 in Q1 2022, indicating a shift to a loss[19] - The company reported a comprehensive income total of CNY -999,103.05 for Q1 2023, compared to CNY 6,008,300.38 in Q1 2022, indicating a significant drop in overall financial performance[19] Cash Flow - The company's cash flow from operating activities decreased by 46.62% to CNY 14,620,101.91 from CNY 27,390,943.21 in the same period last year[5] - The net cash flow from operating activities for the current period is ¥14,620,101.91, a decrease of 46.5% compared to ¥27,390,943.21 in the previous period[21] - Cash inflow from operating activities totaled ¥448,115,562.66, up 20.3% from ¥372,418,153.58 in the previous period[21] - The net cash flow from investing activities is -¥71,027,730.11, worsening from -¥28,250,380.27 in the previous period[23] - The net cash flow from financing activities increased to ¥34,423,633.54, compared to ¥25,221,157.53 in the previous period, marking a growth of 36.8%[23] Assets and Liabilities - Total assets increased by 4.07% to CNY 4,093,651,641.29 from CNY 3,933,411,453.41 at the end of the previous year[5] - Total liabilities increased to CNY 2,575,466,883.60 in Q1 2023, up from CNY 2,414,527,592.66 in Q1 2022, indicating higher leverage[16] - The company's total assets as of Q1 2023 amounted to CNY 4,093,651,641.29, compared to CNY 3,933,411,453.41 at the end of Q1 2022, showing growth in asset base[16] Shareholder Information - Total number of common shareholders at the end of the reporting period is 4,731[10] - The largest shareholder, Zhuhai Kaiyue High-tech Industry Investment Co., Ltd., holds 45.22% of shares, totaling 74,104,800 shares[10] - The company has a diverse shareholder base with significant stakes held by various investment firms[10] - The company has no known related party relationships among the top shareholders[11] - The company has not disclosed any participation in margin trading by the top 10 shareholders[11] Expenses - The company’s sales expenses rose by 30.16% to CNY 30,015,641.85 due to increased marketing efforts[8] - Research and development expenses increased by 62.76% to CNY 31,156,172.86, reflecting higher material costs[8] - Total operating costs for Q1 2023 were CNY 388,887,192.27, up 52.33% from CNY 255,130,450.63 in the same period last year[18] - Research and development expenses increased to CNY 31,156,172.86, up 62.73% from CNY 19,142,515.34 in Q1 2022, reflecting a focus on innovation[19] - The company’s financial expenses surged by 119.75% to CNY 14,741,490.17, primarily due to increased financing costs[8] Investments and Financing - The company issued 6.14033 million convertible bonds, raising a total of RMB 614.033 million[12] - The company plans to expand its market presence through the issuance of convertible bonds[12] - Cash inflow from financing activities was ¥188,767,250.00, a decrease from ¥211,628,236.80 in the previous period[23] - The cash outflow for repaying debts was ¥135,590,000.00, which is an increase from ¥63,580,000.00 in the previous period[23] Inventory and Accounts Receivable - Accounts receivable decreased to RMB 972,236,340.37 from RMB 1,010,838,969.81, a decline of about 3.8%[14] - The company’s inventory increased to CNY 374,493,281.42, up from CNY 289,445,950.60 in the previous year, suggesting potential growth in production or sales[16]
志特新材(300986) - 2023 Q1 - 季度财报