Financial Performance - The company's operating revenue for Q1 2023 was ¥323,819,322.71, a decrease of 12.31% compared to ¥369,278,037.04 in the same period last year[5] - Net profit attributable to shareholders was ¥16,933,705.52, down 8.66% from ¥18,539,598.81 year-on-year[5] - The company's basic earnings per share decreased by 7.14% to ¥0.13 from ¥0.14 in the same period last year[5] - The net profit for Q1 2023 was CNY 17,553,807.08, a decrease of 5.3% compared to CNY 18,539,032.32 in Q1 2022[22] - The company reported a net profit margin of approximately 8.9% for Q1 2023, compared to 6.9% in Q1 2022[21] Cash Flow and Liquidity - The net cash flow from operating activities was negative at ¥82,474,732.06, a decline of 535.44% compared to a positive cash flow of ¥18,940,343.44 in the previous year[5] - The net cash flow from operating activities decreased by 535.44% to -82,474,732.07 CNY due to material price fluctuations and increased expenses from new business expansion[10] - Cash inflow from investment activities totaled 179,318.80 CNY, a decline of 99.65% compared to 51,681,439.46 CNY in the previous period, primarily due to no investment recoveries this period[10] - Cash outflow for the purchase of fixed assets and other long-term assets increased by 67.12% to 27,264,019.52 CNY, attributed to land purchases and new factory construction[10] - The net cash flow from financing activities was 245,650,673.45 CNY, a significant increase compared to -3,474,175.25 CNY in the previous period, reflecting higher borrowing amounts[10] Assets and Liabilities - Total assets increased by 17.36% to ¥1,658,064,463.02 from ¥1,412,851,326.07 at the end of the previous year[5] - Total liabilities rose to CNY 561,472,010.73, up from CNY 475,025,388.90, an increase of 18.2%[19] - Shareholders' equity increased to CNY 1,096,592,452.29 from CNY 937,825,937.17, a growth of 17%[19] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,532[12] - The largest shareholder, Yan Xuewei, holds 25.11% of shares, totaling 35,221,680 shares[12] - The second-largest shareholder, Sun Xingwen, owns 21.26% of shares, amounting to 29,821,680 shares[12] Business Operations and Strategy - The company reported a significant increase in prepayments, which rose by 644.29% to ¥108,504,465.74, indicating a shift towards a prepayment-based procurement model for new business expansion[9] - Short-term borrowings increased by 55.40% to ¥206,000,505.97, reflecting the need for liquidity to support new business initiatives[9] - The company plans to focus on expanding its market presence and investing in new product development in the upcoming quarters[20] Research and Development - Research and development expenses increased to CNY 15,688,512.27, up from CNY 12,774,487.15, reflecting a growth of 22.5% year-over-year[22] Comprehensive Income - The company reported a total comprehensive income of CNY 19,202,524.18, compared to CNY 18,158,877.11 in the same period last year[23]
津荣天宇(300988) - 2023 Q1 - 季度财报