Financial Performance - The company's revenue for Q1 2023 was ¥243,592,581.29, a decrease of 24.97% compared to ¥324,649,793.97 in the same period last year[5] - Net profit attributable to shareholders was ¥18,873,315.19, down 49.53% from ¥37,392,298.39 year-on-year[5] - Basic and diluted earnings per share decreased by 67.25% to ¥0.0894 from ¥0.273 in the same period last year[5] - Operating profit for Q1 2023 was ¥20,489,193.14, down 55% from ¥45,489,044.82 in Q1 2022[20] - Net profit attributable to the parent company for Q1 2023 was ¥18,873,315.19, a decline of 49% compared to ¥37,392,298.39 in Q1 2022[20] - The company reported a total comprehensive income of -¥3,514,934.83 for Q1 2023, compared to ¥37,810,998.08 in Q1 2022[20] Cash Flow - The net cash flow from operating activities increased significantly to ¥31,825,819.34, compared to a negative cash flow of ¥4,903,627.42 in the previous year, representing a 749.03% improvement[5] - Operating cash flow net amount for the current period is ¥31,825,819.34, compared to a negative ¥4,903,627.42 in the previous period, indicating a significant improvement[22] - Cash inflow from operating activities totaled ¥315,409,395.27, down from ¥327,085,600.30 in the previous period, reflecting a decrease of approximately 3.5%[22] - Cash outflow from operating activities decreased to ¥283,583,575.93 from ¥331,989,227.72, a reduction of about 14.6%[22] - Financing activities generated a net cash flow of ¥123,472,919.22, compared to ¥17,478,495.32 in the previous period, showing a substantial increase[23] - The cash and cash equivalents at the end of the period amounted to ¥827,349,715.41, compared to ¥141,872,687.71 at the end of the previous period, indicating a significant increase[23] - The company received ¥149,560,870.56 from borrowings, which is a new source of cash inflow for the current period[23] Assets and Liabilities - Total assets increased by 9.51% to ¥2,230,306,957.74 from ¥2,036,656,337.69 at the end of the previous year[5] - Total liabilities increased to ¥772,644,907.78 in Q1 2023 from ¥586,398,190.27 in Q1 2022[18] - The company's total non-current assets reached ¥509,057,157.31, up from ¥365,069,032.02 year-over-year[18] - The total current assets as of March 31, 2023, amounted to CNY 1,721,249,800.43, an increase from CNY 1,671,587,305.67 at the beginning of the year, reflecting a growth of approximately 2.97%[16] Research and Development - The company reported a significant increase in research and development expenses, which rose by 73.67% to ¥14,988,882.18 compared to ¥8,630,642.58 in the previous year[8] - Research and development expenses for Q1 2023 were ¥14,988,882.18, compared to ¥8,630,642.58 in Q1 2022, reflecting a 74% increase[19] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 14,646[10] - The company reported a total of 136,955,661 shares with restrictions as of the end of the reporting period, with no new restrictions added during the quarter[14] - The company has a significant amount of restricted shares held by major shareholders, including Santa Barbara Investment LLC and WEIDONG LU, with both having 6,487,865 shares under lock-up until October 22, 2025[13] Accounts Receivable and Inventory - Accounts receivable increased by 118.14% to ¥223,571,137.04 due to changes in customer structure and longer payment terms[8] - Accounts receivable increased significantly to CNY 223,571,137.04 from CNY 102,489,204.71, representing a growth of about 118.4%[16] - Inventory decreased to CNY 158,209,100.14 from CNY 175,100,531.84, showing a decline of about 9.65%[16] Future Outlook - The company is expected to continue its focus on expanding its market presence and enhancing its product offerings in the upcoming quarters, although specific new products or technologies were not detailed in the current report[15] - The financial data indicates a strong growth trajectory in receivables and fixed assets, suggesting potential for increased revenue generation in the future[16] - Short-term borrowings surged by 497.38% to ¥149,999,682.87, primarily due to the company's operational financing needs[8]
欧圣电气(301187) - 2023 Q1 - 季度财报