Financial Performance - The company's 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-over-year[8] - Total operating revenue for Q1 2023 was CNY 92,103,887.75, an increase of 1.6% 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] - The company reported an operating profit of CNY 21,812,061.17, compared to CNY 17,320,564.39 in the previous year, marking a growth of 26.5%[27] Cash Flow - The net cash flow from operating activities decreased by 87.94%, amounting to ¥2,157,443.67, down from ¥17,893,778.28 in the previous year[14] - Operating cash inflow for the current period was $105,743,968.30, an increase of 14.4% from $92,672,408.60 in the previous period[31] - Cash outflow from operating activities totaled $103,586,524.63, up 38.6% from $74,778,630.32 in the previous period[31] - Net cash flow from operating activities decreased to $2,157,443.67, down 88.0% from $17,893,778.28 in the previous period[32] - Cash inflow from investment activities was $50,108,609.59, a significant drop of 81.5% compared to $269,937,353.93 in the previous period[32] - Cash outflow from investment activities was $77,002,691.34, down 54.8% from $170,769,385.86 in the previous period[32] - Net cash flow from investment activities was -$26,894,081.75, a decline from $99,167,968.07 in the previous period[32] - Cash inflow from financing activities was $22,879,464.54, with no previous period data for comparison[32] - Cash outflow from financing activities was $20,164,226.38, with no previous period data for comparison[32] - The ending cash and cash equivalents balance was $545,310,251.31, compared to $230,554,027.86 in the previous period, indicating a significant increase[32] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,676,858,853.42, showing a slight increase of 0.28% from ¥1,672,160,415.51 at the end of the previous year[8] - Total current assets decreased to ¥1,425,666,871.76 from ¥1,441,283,740.02, showing a decline of about 1.1%[22] - Total liabilities decreased to CNY 95,999,139.27 from CNY 110,785,435.70, a reduction of 13.3%[24] - The equity attributable to shareholders of the parent company rose to CNY 1,580,967,846.61 from CNY 1,561,374,979.81, an increase of 1.3%[24] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 18,888[15] - The largest shareholder, a natural person, holds 54.45% of the shares, totaling 134,839,650 shares[15] - The total number of shares held by the top 10 unrestricted shareholders is 181,730,447 shares[19] - The company reported a total of 134,839,650 shares held by Tan Yong, who holds 54.45% of the company[19] Operational Insights - The company has a strategic focus on expanding its market presence and developing new technologies[19] - The company plans to lift restrictions on certain shares by April 2025, which may impact liquidity and shareholder structure[19] - The company is actively involved in managing its financial assets to optimize returns and support growth initiatives[22] Expenses - Sales expenses rose by 59.75% to ¥2,524,251.39, attributed to increased market development activities[12] - Research and development expenses for the quarter were CNY 3,986,569.27, down from CNY 4,529,557.10, a decrease of 12.0%[27] Other Financial Metrics - The weighted average return on equity decreased to 1.25% from 2.00% in the previous year, reflecting a decline of 0.75%[8] - Earnings per share remained stable at CNY 0.08 for both Q1 2023 and Q1 2022[28] - Deferred income tax assets increased slightly to CNY 4,554,781.91 from CNY 4,458,672.90, an increase of 2.2%[24] Inventory and Receivables - Accounts receivable increased to ¥238,786,770.14 from ¥227,295,209.82, reflecting a growth of about 2.2%[22] - Inventory rose to ¥72,657,616.22, up from ¥63,531,575.38, indicating an increase of approximately 14.1%[22] Audit Status - The first quarter report was not audited[33]
新特电气(301120) - 2023 Q1 - 季度财报