Financial Performance - The company's operating revenue for Q1 2023 was ¥148,277,327.05, a decrease of 14.68% compared to ¥173,792,449.19 in the same period last year[4]. - Net profit attributable to shareholders was ¥9,606,929.96, down 11.06% from ¥10,801,072.49 year-on-year[4]. - Net profit for Q1 2023 was ¥9,822,125.70, down 8.27% from ¥10,709,860.42 in the same period last year[18]. - The company reported a total profit of ¥10,322,637.63 for Q1 2023, down from ¥11,386,895.04 in Q1 2022[18]. - Basic and diluted earnings per share decreased by 25.00% to ¥0.12 from ¥0.16 in the same period last year[4]. - Basic and diluted earnings per share decreased to ¥0.12 from ¥0.16 year-over-year[18]. - Total operating revenue for Q1 2023 was ¥148,277,327.05, a decrease of 14.74% compared to ¥173,792,449.19 in Q1 2022[17]. - Total operating costs decreased to ¥143,751,451.30 from ¥162,165,670.19, reflecting a reduction of 11.29%[17]. Cash Flow - The net cash flow from operating activities was negative at -¥12,136,081.28, a decline of 1,023.07% compared to a positive cash flow of ¥1,314,746.98 in the previous year[4]. - Cash flow from operating activities showed a net outflow of ¥12,136,081.28, compared to a net inflow of ¥1,314,746.98 in Q1 2022[21]. - The company received cash inflows from investment activities totaling ¥30,243,424.66, down from ¥100,708,460.96 in the previous year[21]. - Cash inflows from financing activities increased to ¥88,300,000.00, compared to ¥39,800,000.00 in Q1 2022[22]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,508,368,133.52, reflecting a slight increase of 0.29% from the previous year[4]. - As of March 31, 2023, the total assets of Zhejiang Hongchang Electric Technology Co., Ltd. amounted to CNY 1,508,368,133.52, showing a slight increase from CNY 1,503,950,803.92 at the beginning of the year[14]. - The company's total liabilities decreased from CNY 474,992,154.53 to CNY 468,859,477.76, indicating a reduction of approximately 2.38%[15]. - Current assets totaled CNY 1,161,078,229.18, down from CNY 1,173,894,249.22, reflecting a decrease of about 1.09%[14]. - Cash and cash equivalents increased to CNY 394,085,520.85 from CNY 382,966,917.84, representing a growth of approximately 2.91%[14]. - Accounts receivable decreased significantly from CNY 341,499,754.40 to CNY 239,342,529.47, a decline of about 29.97%[14]. - Inventory rose from CNY 125,557,577.73 to CNY 141,262,303.33, marking an increase of approximately 12.54%[14]. - Short-term borrowings increased from CNY 63,748,583.33 to CNY 97,892,383.19, reflecting a rise of about 53.41%[15]. - The total non-current liabilities rose from CNY 14,866,518.78 to CNY 16,573,288.73, indicating an increase of about 11.46%[15]. - The company reported a decrease in accounts payable from CNY 190,038,027.66 to CNY 143,062,718.77, a decline of approximately 24.69%[15]. Investment and R&D - Research and development expenses increased by 38.72% year-on-year, indicating a rise in investment in innovation[8]. - Research and development expenses increased to ¥8,689,398.62, up 38.69% from ¥6,264,206.27, indicating a focus on innovation[17]. - The company reported a significant increase of 470.83% in investment income, attributed to higher returns from financial investments[8]. - The company experienced a 270.96% increase in net cash flow from financing activities, primarily due to increased bank borrowings[8]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 10,107[10]. - The company’s total equity attributable to shareholders rose by 1.01% to ¥1,036,435,241.39 compared to the end of the previous year[4]. - The company's equity attributable to shareholders increased from CNY 1,026,100,430.76 to CNY 1,036,435,241.39, a growth of approximately 1.34%[15].
宏昌科技(301008) - 2023 Q1 - 季度财报