Financial Performance - The company's revenue for Q1 2023 was ¥137,756,554.83, representing a 6.10% increase compared to ¥129,835,985.00 in the same period last year[4] - Net profit attributable to shareholders decreased by 1.51% to ¥10,226,478.49 from ¥10,383,635.42 year-on-year[4] - The company reported a 28.14% decrease in net profit after deducting non-recurring gains and losses, amounting to ¥6,484,101.57 compared to ¥9,023,768.00 in the previous year[4] - The basic earnings per share for Q1 2023 was ¥0.1126, a decrease of 1.57% from ¥0.1144 in the same period last year[4] - Total operating revenue for Q1 2023 was CNY 137,756,554.83, an increase of 6.9% compared to CNY 129,835,985.00 in Q1 2022[21] - Net profit for Q1 2023 was CNY 10,272,844.86, slightly down from CNY 10,383,635.42 in Q1 2022, indicating a decrease of 1.1%[22] - Total comprehensive income for Q1 2023 was CNY 8,343,833.20, a decrease from CNY 10,419,700.73 in Q1 2022[23] - Basic earnings per share for Q1 2023 was CNY 0.1126, slightly down from CNY 0.1144 in Q1 2022[23] Cash Flow and Assets - The net cash flow from operating activities increased significantly by 84.16% to ¥42,133,498.06, compared to ¥22,879,322.33 in the previous year[4] - As of March 31, 2023, the company's cash and cash equivalents amounted to ¥388,521,115.80, a slight decrease from ¥389,614,931.84 at the beginning of the year[17] - Cash inflow from operating activities totaled CNY 157,672,377.43, while cash outflow was CNY 115,538,879.37, resulting in a net cash flow of CNY 42,133,498.06[25] - Cash flow from investing activities showed a net outflow of CNY 57,947,753.64, compared to a net outflow of CNY 50,454,105.21 in Q1 2022[26] - Cash flow from financing activities generated a net inflow of CNY 18,282,676.80, down from CNY 29,802,400.59 in the previous year[26] - The ending balance of cash and cash equivalents was CNY 379,236,599.48, compared to CNY 115,851,389.66 at the end of Q1 2022[26] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,411,555,115.05, a 5.57% increase from ¥1,337,099,930.07 at the end of the previous year[4] - Total liabilities rose to CNY 611,413,087.51 in Q1 2023, up from CNY 545,717,890.72 in Q1 2022, marking an increase of 12%[19] - The company's total assets increased to CNY 1,411,555,115.05 in Q1 2023, compared to CNY 1,337,099,930.07 in Q1 2022, representing a growth of 5.5%[19] - The company's inventory increased to CNY 247,312,930.10 in Q1 2023, up from CNY 240,357,513.57 in Q1 2022, indicating a growth of 2.9%[19] Shareholder Information - The company has a total of 47,252,375 restricted shares, with the majority set to be released on May 25, 2024[14] - The company has a total of 18,150,000 shares held by major shareholder Chen Yiwen, which are subject to a lock-up period until May 25, 2024[13] - The company reported a total of 18,000,000 shares held by Wenzhou Dijiou Electronics Technology Co., Ltd., also under a lock-up until May 25, 2024[13] - The company’s major shareholders include several individuals with significant holdings, such as Mao Shiliang with 2,747,175 shares[14] - The company has established relationships among its major shareholders, including familial ties that may influence decision-making[12] Expenses and Costs - The company experienced a significant increase in sales expenses, which rose by 48.44% to ¥3,890,028.88, attributed to higher advertising and sales personnel costs[10] - The company reported a substantial increase in tax and additional fees, which surged by 1108.05% to ¥1,089,435.74, mainly due to the accrual of land use tax and property tax[10] - Total operating costs for Q1 2023 were CNY 127,305,698.72, up from CNY 120,751,195.48 in the same period last year, reflecting a year-on-year increase of 5.5%[21] - Research and development expenses for Q1 2023 were CNY 5,844,740.46, compared to CNY 4,714,777.79 in Q1 2022, reflecting a year-on-year increase of 24%[22] Strategic Developments - The company is in the process of acquiring real estate in Hangzhou, with an expected delivery date of June 2023 for the purchased properties[15] - The company is focused on long-term development strategies, including real estate investments to support its operational needs[15]
泰福泵业(300992) - 2023 Q1 - 季度财报