Financial Performance - The company's operating revenue for Q1 2023 was ¥92,103,887.75, representing a 2.71% increase compared to ¥89,669,779.36 in the same period last year[8] - Net profit attributable to shareholders was ¥19,592,866.80, a significant increase of 27.57% from ¥15,358,554.86 year-on-year[8] - Total operating revenue for Q1 2023 was CNY 92,103,887.75, an increase of 2.4% compared to CNY 89,669,779.36 in the same period last year[26] - Net profit for Q1 2023 was CNY 19,484,734.34, up 27.6% from CNY 15,358,554.86 in Q1 2022[27] - Earnings per share remained stable at CNY 0.08 for both Q1 2023 and Q1 2022[28] Cash Flow and Financial Health - The net cash flow from operating activities decreased by 87.94% to ¥2,157,443.67, down from ¥17,893,778.28 in the previous year[14] - The company's cash flow from operating activities showed improvement, contributing positively to the overall financial health[29] - Operating cash inflow for the current period was $105,743,968.30, an increase of 14.5% from $92,672,408.60 in the previous period[31] - Net cash outflow from operating activities was $2,157,443.67, a significant decrease from $17,893,778.28 in the previous period[32] - Total cash outflow from operating activities was $103,586,524.63, up from $74,778,630.32 in the previous period[31] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥1,676,858,853.42, a slight increase of 0.28% from ¥1,672,160,415.51 at the end of the previous year[8] - Non-current assets increased to CNY 251,191,981.66 from CNY 230,876,675.49, reflecting a growth of 8.8%[24] - Total liabilities decreased to CNY 95,999,139.27 from CNY 110,785,435.70, a reduction of 13.3%[24] Investment and Income - The company reported a 202.23% increase in investment income, reaching ¥3,739,686.24 compared to ¥1,237,353.93 in the previous year[13] - The company reported an investment income of CNY 3,739,686.24, significantly higher than CNY 1,237,353.93 in the same period last year, showcasing improved investment performance[27] Expenses - Sales expenses rose by 59.75% to ¥2,524,251.39, attributed to increased market development activities[12] - The company's financial expenses increased by 807.79% to -¥2,326,586.16, primarily due to higher interest income from increased bank deposits[13] - Research and development expenses for Q1 2023 were CNY 3,986,569.27, down from CNY 4,529,557.10 in the previous year, indicating a focus on cost management[27] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 18,888[15] - The total number of restricted shares at the end of the period was 181,730,447, with no new restricted shares added during the period[19] - The company reported a total of CNY 2,515,000.00 in restricted shares held by individual shareholder Gang Yunqing, with a release date set for April 19, 2023[19] - The top ten unrestricted shareholders collectively hold a significant portion of the company's shares, with the largest being Tan Yong, holding 134,839,650 shares[19] Taxation - The company reported a significant decrease in tax liabilities, with a 49.00% reduction in payable taxes compared to the previous year[12] - The company received tax refunds of $72,120.22, down from $218,400.75 in the previous period[31] Other Information - The company's weighted average return on net assets decreased to 1.25%, down from 2.00% in the same period last year, reflecting a decline of 0.75%[8] - The total current assets as of March 31, 2023, amounted to CNY 1,425,666,871.76, a decrease from CNY 1,441,283,740.02 at the beginning of the year, reflecting a decline of approximately 1.08%[21] - Cash and cash equivalents decreased to CNY 556,875,499.99 from CNY 581,612,138.07, indicating a reduction of about 4.24%[22] - Accounts receivable increased to CNY 238,786,770.14 from CNY 227,295,209.82, representing an increase of approximately 5.49%[22] - Inventory rose to CNY 72,657,616.22 from CNY 63,531,575.38, marking an increase of around 14.78%[22] - Non-current financial assets increased significantly to CNY 43,900,543.91 from CNY 19,900,543.91, showing a growth of approximately 120.06%[22] - There were no significant changes in the number of preferred shareholders or any new developments in the preferred stock segment[17] - The company has not disclosed any new strategies or product developments during this quarter[19] - The first quarter report was not audited[33]
新特电气(301120) - 2023 Q1 - 季度财报