Financial Performance - The company's revenue for Q1 2023 was ¥197,028,289.66, representing a 24.40% increase compared to ¥158,379,189.59 in the same period last year[4] - Net profit attributable to shareholders was ¥17,581,913.55, up 9.33% from ¥16,081,200.43 year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥17,251,728.31, a significant increase of 32.38% from ¥13,031,559.27 in the previous year[4] - Basic and diluted earnings per share increased to ¥0.17, reflecting a growth of 13.33% from ¥0.15 in the previous year[5] - Total operating revenue for Q1 2023 was CNY 197,028,289.66, an increase of 24.4% compared to CNY 158,379,189.59 in Q1 2022[30] - Net profit for Q1 2023 reached CNY 17,581,913.55, representing a 9.3% increase from CNY 16,081,200.43 in Q1 2022[31] - The total comprehensive income for the first quarter of 2023 was CNY 17,581,913.55, an increase from CNY 16,081,200.43 in the previous period, representing a growth of approximately 9.34%[32] - Basic and diluted earnings per share for the first quarter were both CNY 0.17, up from CNY 0.15 in the same period last year, indicating a 13.33% increase[32] Cash Flow and Financial Position - The company reported a negative cash flow from operating activities of ¥48,239,586.07, worsening by 20.87% compared to a negative cash flow of ¥39,911,072.91 in the same period last year[4] - Cash inflow from operating activities totaled CNY 116,243,152.82, compared to CNY 93,868,257.62 in the previous period, reflecting a growth of approximately 23.83%[35] - Cash outflow from operating activities was CNY 164,482,738.89, an increase from CNY 133,779,330.53, resulting in a net cash flow from operating activities of CNY -48,239,586.07, worsening from CNY -39,911,072.91[35] - The company's cash and cash equivalents decreased to CNY 207,646,952.84 from CNY 311,889,229.61 at the beginning of the year, a decline of 33.4%[26] - The ending balance of cash and cash equivalents was CNY 159,348,213.95, down from CNY 199,494,040.49 at the end of the previous period[36] - Cash flow from investment activities showed a net outflow of CNY -91,235,314.08, compared to CNY -36,280,753.88 in the previous period, indicating a significant increase in investment expenditures[36] - Cash flow from financing activities resulted in a net outflow of CNY -11,473,721.77, an improvement from CNY -42,343,191.04 in the previous period[36] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,145,691,196.79, a slight increase of 0.97% from ¥1,134,738,508.57 at the end of the previous year[5] - The total assets of the company as of March 31, 2023, were CNY 1,145,691,196.79, a slight increase from CNY 1,135,148,046.62 at the beginning of the year[28] - The total liabilities increased to CNY 303,444,941.67 from CNY 299,169,095.33 at the beginning of the year, reflecting a growth of 1.4%[28] - Accounts receivable increased to CNY 310,231,441.46, up 19% from CNY 260,794,571.26 at the start of the year[26] - Inventory rose to CNY 172,272,441.96, an increase of 5.8% compared to CNY 162,942,936.72 at the beginning of the year[26] Research and Development - The company increased its R&D expenses to ¥10,002,832.96, a rise of 37.86% compared to ¥7,255,910.30 in the previous year, indicating a focus on innovation[11] - Research and development expenses for Q1 2023 were CNY 10,002,832.96, up 37.9% from CNY 7,255,910.30 in Q1 2022[30] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 9,251, indicating a stable shareholder base[14] - The company has a diverse shareholder base, with significant stakes held by various investment funds and individuals, including 9.00% by Xin Hongping[15] - The company’s shareholder structure includes a mix of institutional and individual investors, indicating strong market confidence[15] Strategic Initiatives - The company plans to issue convertible bonds to raise up to RMB 350 million for expanding automotive lightweight engineering plastic parts and supplementing working capital[19] - The first quarter report indicates a focus on expanding market presence and enhancing product offerings through new technologies[16] - The company is actively pursuing new strategies for market expansion and product development in the automotive parts sector[16] Accounting and Compliance - Deferred tax assets increased from RMB 4,916,537.99 to RMB 5,326,076.04, with a corresponding increase in deferred tax liabilities from RMB 1,171,137.27 to RMB 1,580,675.32 due to accounting policy changes[21] - The company reported no significant impact on its financial status or operating results from the accounting policy change, ensuring no harm to shareholder interests[23] - The company’s financial adjustments are in compliance with the latest accounting standards, reflecting a proactive approach to financial management[20] Incentive Plans - The company adjusted its 2022 restricted stock incentive plan, reducing the number of recipients from 68 to 67 and the total number of restricted shares from 2.26 million to 2.24 million[18] - The total number of restricted shares granted in the incentive plan was adjusted to 1.795 million shares at a grant price of RMB 15.00 per share[18]
金钟股份(301133) - 2023 Q1 - 季度财报