Financial Performance - The company's operating revenue for Q1 2023 was ¥147,505,202.12, a decrease of 11.78% compared to ¥167,200,555.17 in the same period last year[5]. - Net profit attributable to shareholders was ¥5,677,420.30, down 75.77% from ¥23,334,868.94 year-on-year[5]. - Basic and diluted earnings per share were both ¥0.0339, reflecting an 82.16% decline from ¥0.19 in the same period last year[5]. - Total revenue for the first quarter was CNY 147,505,202.12, a decrease of 11.4% compared to CNY 167,200,555.17 in the previous period[20]. - Net profit for Q1 2023 was 5,677,420.30 CNY, down from 23,434,207.99 CNY in Q1 2022, indicating a decrease of about 75.8%[22]. - Operating profit for Q1 2023 was 7,098,535.07 CNY, compared to 26,309,275.28 CNY in the same period last year, reflecting a decline of approximately 73.0%[21]. - The company reported a total comprehensive income of 5,664,452.37 CNY for Q1 2023, compared to 23,434,207.99 CNY in Q1 2022, a decrease of approximately 75.8%[22]. Cash Flow - The net cash flow from operating activities improved significantly to ¥26,135,145.07, compared to a negative cash flow of ¥30,447,425.80 in the previous year, marking an increase of 185.84%[11]. - Cash flow from operating activities for Q1 2023 was 26,135,145.07 CNY, a significant improvement from a negative cash flow of -30,447,425.80 CNY in Q1 2022[25]. - Net cash flow from financing activities for Q1 2023 was 16,632,737.95 CNY, a recovery from a negative cash flow of -32,994,119.89 CNY in Q1 2022[25]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,650,059,821.39, representing a slight increase of 0.65% from ¥2,632,146,410.41 at the end of the previous year[5]. - Total assets as of March 31, 2023, were CNY 2,650,059,821.39, slightly up from CNY 2,633,030,723.00 at the start of the year, indicating a growth of 0.6%[18]. - Total liabilities increased to CNY 635,859,048.98 from CNY 624,494,402.96, representing a rise of 3.1%[18]. Shareholder Information - The company reported a total of 23,552 common shareholders at the end of the reporting period[13]. - The largest shareholder, Karon Holding Company Limited, holds 67.46% of the shares, totaling 113,106,861 shares[13]. Inventory and Receivables - Inventory increased to CNY 358,906,492.97 from CNY 318,898,478.84, marking a growth of 12.5%[17]. - Accounts receivable decreased to CNY 436,495,203.75 from CNY 482,563,845.15, a decline of 9.6%[17]. Investment Activities - The cash flow from investment activities was negative at ¥43,308,649.42, a decrease of 41.53% compared to ¥74,072,112.40 in the previous year, primarily due to increased investments in projects[11]. - The company received 80,133,200.00 CNY from investment recoveries in Q1 2023, compared to 91,124,121.30 CNY in Q1 2022[25]. Tax and Expenses - The company experienced a 43.02% increase in taxes and surcharges, amounting to ¥1,356,635.19, primarily due to increased value-added tax[11]. - The company recorded a net loss in financial expenses of ¥-3,718,304.54, a significant change from a profit of ¥1,299,960.73 in the previous year, attributed to increased interest income[11]. Research and Development - Research and development expenses for Q1 2023 were 9,089,864.50 CNY, slightly down from 9,225,019.68 CNY in Q1 2022[21]. Other Information - The company has no preferred shareholders or significant changes in restricted shares during the reporting period[15]. - The company has not disclosed any new product developments or market expansion strategies in the current report[19].
冠龙节能(301151) - 2023 Q1 - 季度财报