Financial Performance - The company's revenue for Q1 2023 was ¥158,442,995.70, representing a 39.72% increase compared to ¥113,397,497.98 in the same period last year[8] - Net profit attributable to shareholders decreased by 23.82% to ¥9,450,799.87 from ¥12,406,205.25 year-on-year[8] - Basic earnings per share fell by 18.18% to ¥0.09 from ¥0.11 in the same period last year[8] - Net profit for Q1 2023 was ¥9,450,799.87, a decrease of 23.6% from ¥12,406,205.25 in Q1 2022[31] - The total comprehensive income attributable to the parent company for Q1 2023 was CNY 9,450,799.87, a decrease from CNY 12,406,205.25 in Q1 2022, representing a decline of approximately 23.5%[32] - Basic and diluted earnings per share for Q1 2023 were both CNY 0.09, down from CNY 0.11 in Q1 2022, indicating a decrease of 18.2%[32] Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥9,685,994.64, a significant decline of 2,156.58% compared to a positive cash flow of ¥470,975.15 in the previous year[8] - Cash inflow from operating activities for Q1 2023 was CNY 165,072,424.42, compared to CNY 126,546,976.84 in Q1 2022, reflecting an increase of approximately 30.5%[34] - The net cash outflow from operating activities for Q1 2023 was CNY -9,685,994.64, contrasting with a net inflow of CNY 470,975.15 in Q1 2022[35] - Cash flow from investment activities resulted in a net outflow of CNY -62,206,760.42 in Q1 2023, compared to a smaller outflow of CNY -18,715,972.32 in Q1 2022[35] - Cash and cash equivalents at the end of Q1 2023 amounted to ¥177,033,391.88, down 28.5% from ¥247,951,578.73 at the beginning of the year[25] - The cash and cash equivalents at the end of Q1 2023 amounted to CNY 172,266,391.88, down from CNY 128,190,875.13 at the end of Q1 2022, indicating a decrease of approximately 34.4%[36] - The company received CNY 60,000,000.00 from the recovery of investments in Q1 2023, down from CNY 105,021,324.11 in Q1 2022, a decrease of about 42.8%[35] - Total cash outflow from financing activities in Q1 2023 was CNY 10,090,693.50, with a net cash inflow of CNY 99,306.50[36] - The company reported a negative impact of CNY -1,249,443.71 from exchange rate fluctuations on cash and cash equivalents in Q1 2023[36] Operating Costs and Expenses - The company reported a 46.77% increase in operating costs, amounting to ¥132,963,010.25, driven by higher revenue[11] - Total operating costs for Q1 2023 were ¥148,587,062.24, up 45.9% from ¥101,770,242.97 in the same period last year[30] - The company experienced a 11974.40% increase in financial expenses, totaling ¥1,623,611.47, primarily due to increased foreign exchange losses[11] - The company reported a research and development expense of ¥6,121,807.05 for Q1 2023, an increase from ¥5,488,912.95 in Q1 2022[31] Assets and Liabilities - Total assets increased slightly by 0.35% to ¥763,883,780.77 from ¥761,214,708.80 at the end of the previous year[8] - Cash and cash equivalents at the end of Q1 2023 amounted to ¥177,033,391.88, down 28.5% from ¥247,951,578.73 at the beginning of the year[25] - Total liabilities decreased to ¥131,515,597.46 from ¥138,297,325.36 at the beginning of the year, reflecting a reduction of 4.9%[27] Shareholder Information - The total number of common shareholders at the end of the reporting period is 5,018[14] - The largest shareholder, Shen Shunhua, holds 35.60% of the shares, totaling 39,414,600 shares[14] - Zhejiang Huayinghui Holdings Co., Ltd. holds 11.87% of the shares, totaling 13,138,200 shares[14] - The top ten shareholders hold a significant portion of the company's shares, with the top three shareholders alone accounting for over 52%[14] - The company has no preferred shareholders as of the reporting period[16] - The company has not released any restricted shares during the reporting period[17] Corporate Actions - The company completed the merger and acquisition of its wholly-owned subsidiary, Deqing Zhenglong, on March 15, 2023[20] - The company aims to optimize resource allocation and reduce management costs through the merger[19] - The company plans to reserve and grant 50,000 restricted stocks at a price of RMB 7.80 per share as part of its 2022 restricted stock incentive plan[21] - The total number of restricted shares at the end of the reporting period is 66,400,000 shares[18] - The company completed the registration of the 2022 restricted stock incentive plan, granting 50,000 shares to one incentive object[22] Other Information - The first quarter report was not audited, indicating that the figures presented are preliminary and subject to change[37]
汇隆新材(301057) - 2023 Q1 - 季度财报