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 for Q1 2023 was ¥17,581,913.55, a 9.33% increase from ¥16,081,200.43 in the previous year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥17,251,728.31, up 32.38% from ¥13,031,559.27 year-on-year[4] - Basic earnings per share for Q1 2023 was ¥0.17, reflecting a 13.33% increase from ¥0.15 in the same period last 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] - Basic and diluted earnings per share for Q1 2023 were both CNY 0.17, compared to CNY 0.15 in Q1 2022[32] Assets and Liabilities - The total assets at the end of Q1 2023 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] - Total assets as of the end of Q1 2023 amounted to CNY 1,145,691,196.79, a slight increase from CNY 1,135,148,046.62 at the end of Q1 2022[28] - Total liabilities for Q1 2023 were CNY 303,444,941.67, up from CNY 299,169,095.33 in Q1 2022[28] Cash Flow - Cash flow from operating activities for Q1 2023 was negative at -¥44,372,289.63, worsening by 11.18% compared to -¥39,911,072.91 in the same period last year[4] - The cash inflow from operating activities totaled ¥116,243,152.82, an increase of 23.8% compared to ¥93,868,257.62 in the previous period[34] - The cash outflow from operating activities was ¥160,615,442.45, up from ¥133,779,330.53, resulting in a net cash flow from operating activities of -¥44,372,289.63, compared to -¥39,911,072.91 previously[35] - Investment activities generated a net cash flow of -¥61,235,314.08, worsening from -¥36,280,753.88 in the prior period[36] - The total cash and cash equivalents at the end of the period stood at ¥159,348,213.95, down from ¥199,494,040.49 at the end of the previous period[36] Expenses and Costs - Total operating costs for Q1 2023 were CNY 172,884,732.65, up 22.6% from CNY 141,062,850.24 in the same period last year[30] - The company experienced a 50.72% increase in taxes and surcharges, amounting to ¥1,017,107.47, due to higher revenue[11] - The company paid ¥10,422,124.93 in taxes, significantly higher than ¥1,619,124.24 in the previous period[35] Research and Development - Research and development expenses increased by 37.86% to ¥10,002,832.96 in Q1 2023, up from ¥7,255,910.30 in the previous year[11] - The company reported a significant increase in research and development expenses, totaling CNY 10,002,832.96, compared to CNY 7,255,910.30 in the previous year, reflecting a 37.9% increase[30] Receivables and Financing - The company reported a significant increase in receivables financing, which rose by 354.15% to ¥11,265,526.37 from ¥2,480,571.46 year-on-year[10] - The company’s accounts receivable financing rose significantly from RMB 2,480,571.46 to RMB 11,265,526.37, marking an increase of approximately 353%[24] - Accounts receivable increased to RMB 310,231,441.46 from RMB 260,794,571.26, reflecting a growth of about 19%[24] Capital and Investments - The company plans to issue convertible bonds to raise up to RMB 35,000,000.00 for expanding automotive lightweight engineering plastic parts production and supplementing working capital[19] - The company’s long-term equity investments decreased slightly to CNY 20,884,956.91 from CNY 21,228,901.92 year-over-year[28] Other Adjustments - The company adjusted its stock incentive plan, reducing the number of incentive recipients from 68 to 67 and the total number of restricted shares from 2,260,000 to 2,240,000[18] - Deferred tax assets increased from RMB 4,916,537.99 to RMB 5,326,076.04, with a total impact of RMB 409,538.05 due to accounting policy changes[21] - The company’s total liabilities and equity will be affected by the accounting policy change, but it will not significantly impact the financial results or cash flows[23] - The company’s independent directors confirmed the legitimacy of the incentive plan adjustments, ensuring compliance with regulations[18] - The company’s financial report adjustments will not alter the profit or loss nature of previously disclosed annual financial reports[23]
金钟股份(301133) - 2023 Q1 - 季度财报