Revenue and Profit - Revenue for Q1 2023 was ¥72,341,281.03, a decrease of 4.54% compared to ¥75,783,663.57 in Q1 2022[5] - Net profit attributable to shareholders increased by 11.85% to ¥8,562,885.77 from ¥7,655,445.88 in the same period last year[5] - Net profit excluding non-recurring gains and losses rose by 81.25% to ¥7,429,619.29 compared to ¥4,099,073.63 in Q1 2022[5] - The company's sales revenue for Q1 2023 reached ¥79,425,316.32, an increase of ¥19,445,912.90 or 32.42% compared to Q1 2022, primarily due to higher cash receipts during the reporting period[15] - Total operating revenue for Q1 2023 was CNY 72,341,281.03, a decrease of 4.8% compared to CNY 75,783,663.57 in the same period last year[23] - Net profit for Q1 2023 reached CNY 8,562,885.77, an increase of 12% from CNY 7,655,445.88 in Q1 2022[23] - The total comprehensive income for the parent company was CNY 8,562,885.77, an increase from CNY 7,655,445.88 in the previous period, representing a growth of approximately 11.8%[24] Cash Flow - Operating cash flow improved significantly, with a net cash flow from operating activities of ¥2,378,533.72, up 119.28% from a negative cash flow of ¥12,334,278.56 in the previous year[5] - Cash inflow from operating activities totaled CNY 82,338,444.61, up from CNY 63,423,725.94, indicating a growth of approximately 29.7%[26] - Cash outflow from operating activities was CNY 79,959,910.89, compared to CNY 75,758,004.50 in the previous period, showing an increase of about 5.8%[27] - The net cash flow from financing activities was reported at ¥2,674,479.95, a decline of 67.37% compared to the previous year, reflecting a comprehensive impact from financing activities[15] - The company’s cash inflow from financing activities was CNY 11,048,500.00, a decrease from CNY 19,095,000.00 in the previous period[27] - The company’s total cash outflow from financing activities was CNY 8,374,020.05, compared to CNY 10,897,995.71 in the previous period, indicating a decrease of about 23.2%[27] Assets and Liabilities - Total assets at the end of Q1 2023 were ¥781,842,750.90, reflecting a slight increase of 0.41% from ¥778,626,702.77 at the end of the previous year[5] - Current assets totaled CNY 510,823,350.49, down 8.6% from CNY 559,153,954.25 at the start of the year[22] - Non-current assets increased to CNY 271,019,400.41, up 23.5% from CNY 219,472,748.52 at the beginning of the year[22] - Total liabilities decreased to CNY 292,894,601.32 from CNY 298,059,262.05, a reduction of 1.4%[22] - Shareholders' equity increased by 1.74% to ¥488,948,149.58 from ¥480,567,440.72 at the end of the previous year[5] Expenses - Total operating costs for Q1 2023 were CNY 62,147,866.85, down 14.3% from CNY 72,576,119.89 in the previous year[23] - Financial expenses decreased by 84.59% to ¥119,707.58, attributed to reduced bank borrowings and increased interest income from temporarily idle funds[12] - The company reported a significant reduction in financial expenses, which fell to CNY 119,707.58 from CNY 776,866.27, a decrease of 84.6%[23] - Research and development expenses for Q1 2023 were CNY 4,017,036.98, down 15% from CNY 4,728,277.62 in the previous year[23] Investments - Investment cash outflows totaled ¥190,000,000.00, up by ¥60,000,000.00 or 46.15% year-on-year, attributed to maintaining liquidity of raised funds[15] - The company reported a net cash flow from investment activities of -¥87,300,049.31, a decrease of ¥127,492,034.97 or 317.21% compared to the previous year, indicating a significant impact from investment activities[15] - The company experienced a decrease in investment income, with cash received from investment income dropping by 65.82% to ¥402,904.12, primarily due to reduced returns from bank structured deposits[15] - Cash flow from investing activities resulted in a net outflow of CNY 87,300,049.31, a decline from a net inflow of CNY 40,191,985.66 in the previous period[27] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 6,793, with the largest shareholder, Wu Hong, holding 28.97% of the shares[17][18] - The top ten shareholders collectively hold significant stakes, with the largest individual holding being 24,305,592 shares[17][18]
邵阳液压(301079) - 2023 Q1 - 季度财报