Financial Performance - The company's revenue for Q1 2023 was ¥258,841,792.01, a decrease of 12.79% compared to ¥296,802,242.59 in the same period last year[5]. - Net profit attributable to shareholders increased by 21.48% to ¥39,905,911.85 from ¥32,849,637.39 year-on-year[5]. - Total operating revenue for Q1 2023 was CNY 258,841,792.01, a decrease of 12.78% compared to CNY 296,802,242.59 in Q1 2022[20]. - Net profit for Q1 2023 reached CNY 39,905,911.85, an increase of 21.00% from CNY 32,849,637.39 in Q1 2022[21]. - The company reported a profit before tax of CNY 47,127,057.65 for Q1 2023, compared to CNY 38,689,097.02 in Q1 2022, an increase of 21.00%[20]. Cash Flow - The net cash flow from operating activities was ¥78,527,978.69, a significant improvement from a negative cash flow of ¥2,809,053.49 in the previous year, representing a 2895.53% increase[5][8]. - Cash generated from operating activities was CNY 200,377,066.07 in Q1 2023, compared to CNY 194,198,668.03 in the previous period[23]. - The net cash flow from financing activities decreased by 559.08% to -¥68,148,380.54, primarily due to a reduction in bank borrowings[9]. - The net cash flow from financing activities was -¥68,148,380.54, compared to a positive cash flow of ¥14,844,571.49 in the same period last year[25]. - Total cash inflow from investment activities was ¥412,956,715.92, while cash outflow was ¥558,051,774.64, resulting in a net cash flow of -¥145,095,058.72 for investment activities[24]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,530,898,334.44, down 3.28% from ¥1,582,792,073.59 at the end of the previous year[5]. - The total liabilities decreased to CNY 249,317,739.33 in Q1 2023 from CNY 344,724,746.45 in Q1 2022, a reduction of 27.73%[20]. - The total current assets decreased from ¥1,285,044,376.21 to ¥1,163,518,184.43, reflecting a decline of approximately 9.5%[16]. - The company's cash and cash equivalents decreased from ¥303,683,616.63 to ¥168,961,319.49, a reduction of about 44.4%[16]. - The total liabilities include short-term borrowings of ¥80,083,187.50, down from ¥147,157,773.60, indicating a decrease of approximately 45.5%[16]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 7,357, with no preferred shareholders having restored voting rights[10]. - The largest shareholder, Qian Hesheng, holds 27.75% of the shares, totaling 20,720,000 shares[10]. - The company plans to issue 3,600,000 shares to a specific investor, Qian Hesheng, which would increase his total holdings to 31.07% of the company post-issuance[13]. - The company has approved a stock issuance plan that requires further approval from the shareholders' meeting and regulatory authorities[13]. Expenses - The company's basic earnings per share decreased by 10.17% to ¥0.53 from ¥0.59 in the same period last year[5]. - The weighted average return on equity was 3.17%, down 1.85 percentage points from 5.02% in the previous year[5]. - The company reported a significant increase in sales expenses, which rose by 210.77% to ¥6,209,273.15 due to higher compensation for sales personnel[8]. - Research and development expenses for Q1 2023 were CNY 11,076,228.95, up from CNY 9,967,373.74 in Q1 2022, indicating a 11.14% increase[20]. - The company paid ¥22,676,801.44 to employees, an increase from ¥18,517,675.40 in Q1 2022[24]. Inventory and Investments - The company has a total of 307,657,341.03 in inventory, which increased from 296,660,826.50, showing a growth of about 3.4%[16]. - Investment income for the period was ¥1,390,804.14, attributed to the redemption of structured deposits[8]. - The company received ¥411,000,000.00 from investment recoveries during the quarter[24]. - The company’s cash flow from investment activities was heavily impacted by a significant investment payment of ¥481,000,000.00[24]. Other Financial Metrics - The total equity attributable to shareholders increased to CNY 1,281,580,595.11 in Q1 2023 from CNY 1,238,067,327.14 in Q1 2022, reflecting a growth of 3.51%[20]. - The company's total assets at the end of the reporting period amount to ¥1,530,898,334.44, a decrease from ¥1,582,792,073.59 at the beginning of the year[16]. - The non-current assets increased from ¥297,747,697.38 to ¥367,380,150.01, reflecting an increase of approximately 23.4%[16]. - The company reported a decrease in cash flow from financing activities due to a repayment of debts amounting to ¥67,000,000.00[25]. - The company’s cash flow was negatively affected by foreign exchange fluctuations, resulting in a decrease of ¥6,836.57[25].
翔楼新材(301160) - 2023 Q1 - 季度财报