Financial Performance - The company's operating revenue for Q1 2023 was ¥166,599,342.93, a decrease of 5.71% compared to ¥176,686,503.18 in the same period last year[5] - Net profit attributable to shareholders was ¥15,724,261.17, down 30.54% from ¥22,636,788.76 year-on-year[5] - The company reported a basic earnings per share of ¥0.13, down 31.58% from ¥0.38 in the same quarter last year[5] - Total operating revenue for Q1 2023 was CNY 166,599,342.93, a decrease of 5.15% compared to CNY 176,686,503.18 in Q1 2022[26] - Net profit for Q1 2023 was CNY 15,724,261.27, representing a decline of 30.67% from CNY 22,636,788.76 in Q1 2022[27] - Earnings per share for Q1 2023 was CNY 0.13, down from CNY 0.19 in the same period last year[27] Cash Flow - The net cash flow from operating activities increased significantly to ¥38,204,241.81, a 537.62% improvement from a negative cash flow of ¥8,730,080.41 in Q1 2022[5] - The net cash flow from operating activities was ¥38,204,241.81, a significant improvement from the previous period's net cash flow of -¥8,730,080.41[29] - Total cash inflow from operating activities amounted to ¥183,212,547.64, compared to ¥180,333,988.16 in the prior period, indicating a slight increase[29] - Cash outflow from operating activities decreased to ¥145,008,305.83 from ¥189,064,068.57, reflecting improved cost management[29] - The net cash flow from investing activities was -¥40,437,008.45, an improvement from -¥57,116,237.30 in the previous period[29] - Cash inflow from financing activities totaled ¥268,537,847.22, with a net cash flow of ¥234,889,568.71, compared to -¥8,435,570.93 previously[30] - The ending balance of cash and cash equivalents increased to ¥1,228,562,315.99 from ¥890,497,008.45, showing strong liquidity position[30] - Cash received from other financing activities was ¥198,537,847.22, contributing significantly to the financing cash inflow[30] Assets and Liabilities - Total assets at the end of Q1 2023 reached ¥1,900,793,709.98, reflecting a 15.38% increase from ¥1,647,488,007.74 at the end of the previous year[5] - The company’s total liabilities increased by 126.31% to ¥429,170,039.78, mainly due to increased working capital loans and bank acceptance bills[10] - Total liabilities rose to CNY 665,527,001.23, compared to CNY 428,256,624.65 in the previous year, marking a significant increase of 55.49%[25] - The total equity attributable to shareholders increased to CNY 1,235,266,814.52, up from CNY 1,219,231,488.96 in the previous year, reflecting a growth of 1.31%[25] Shareholder Information - The total number of common shareholders at the end of the reporting period is 11,156[15] - The largest shareholder, Wang Shijie, holds 47.44% of the shares, totaling 56,930,000 shares[15] - The total number of restricted shares at the end of the period is 77,129,998 shares after 4,855,000 shares were released from restriction[18] - The company has a total of 9,000,000 shares held by Hangzhou Jiechuang Enterprise Consulting Management Partnership, accounting for 7.50% of the shares[15] Research and Development - The company obtained a high-tech enterprise certificate on December 24, 2022, valid for three years[19] - The company acquired a European patent for an invention, with the patent number EP3185052, which is valid for twenty years from the application date[21] - The company has ongoing research and development efforts, as indicated by the acquisition of new patents and high-tech certifications[19][21] Other Income and Expenses - The company reported a significant increase in other income, which rose by 670.74% to ¥1,384,778.74, mainly due to increased government subsidies[12] - The company's financial expenses decreased by 34.04% to -¥2,357,819.73, primarily due to increased discount fees on bank acceptance bills[12] - Total operating costs for Q1 2023 were CNY 150,053,351.20, down 0.85% from CNY 151,339,937.73 in the previous year[26] - The company reported a decrease in cash paid for operating activities, specifically for purchasing goods and services, which fell to ¥95,293,302.40 from ¥132,571,680.42[29] - The cash received from tax refunds was ¥1,369,098.08, down from ¥2,990,413.51 in the previous period[29]
星华新材(301077) - 2023 Q1 - 季度财报