Financial Performance - The company's revenue for Q1 2023 was ¥28,523,891.73, a decrease of 23.46% compared to ¥37,264,510.70 in the same period last year[5] - Net profit attributable to shareholders was ¥10,660,426.29, down 20.95% from ¥13,485,302.63 year-on-year[5] - The basic earnings per share for Q1 2023 were ¥0.1067, down 20.96% from ¥0.1350 in the same period last year[5] - Total operating revenue for Q1 2023 was CNY 28,523,891.73, a decrease of 23.5% compared to CNY 37,264,510.70 in the same period last year[21] - Net profit for Q1 2023 was CNY 10,660,426.29, representing a decline of 21.0% from CNY 13,485,302.63 in Q1 2022[22] - Earnings per share for Q1 2023 were CNY 0.1067, down from CNY 0.1350 in the previous year[22] Cash Flow and Investments - The net cash flow from operating activities decreased by 61.06%, amounting to ¥4,733,530.33 compared to ¥12,154,649.86 in Q1 2022[11] - The company reported a net cash outflow from investing activities of ¥105,426,363.32, primarily due to payments for the acquisition of Hongma shares[11] - Cash inflow from operating activities totaled CNY 43,598,008.30, an increase from CNY 35,364,029.62 in the previous year, representing a growth of approximately 23.4%[25] - Net cash flow from investment activities was negative at CNY -105,426,363.32, a significant decrease from CNY 660,615.65 in the previous year[25] - Total cash outflow from investment activities was CNY 246,827,276.50, compared to CNY 134,622,440.00 in the previous year, indicating a significant increase of about 83.3%[25] Assets and Liabilities - The total assets at the end of Q1 2023 were ¥600,571,090.48, a slight decrease of 0.78% from ¥605,312,696.54 at the end of the previous year[5] - The company's total liabilities decreased to CNY 19,787,266.97 from CNY 35,189,299.32 year-over-year[21] - The total equity attributable to shareholders increased to CNY 580,783,823.51 from CNY 570,123,397.22 compared to the previous year[21] - The total current assets decreased from 488,598,176.45 CNY to 431,855,705.16 CNY, a reduction of about 11.6%[18] - The total non-current assets increased from 116,714,520.09 CNY to 168,715,385.32 CNY, an increase of approximately 44.6%[18] Shareholder Information - The total number of common shareholders at the end of the reporting period is 10,670[12] - The largest shareholder, Wang Shibin, holds 53.90% of the shares, totaling 53,850,000 shares[12] - The top three shareholders hold a combined total of 73.32% of the shares[12] - The company has a total of 74,925,000 shares under lock-up agreements, which are set to be released in August 2023[15] Expenses - The company experienced a 63.07% increase in management expenses, totaling ¥4,249,409.01, attributed to special rewards and salary adjustments[10] - Research and development expenses for Q1 2023 were CNY 3,076,309.01, an increase of 27.0% from CNY 2,425,061.48 in Q1 2022[21] Other Financial Metrics - The weighted average return on equity decreased to 1.85% from 2.35% in the previous year[5] - The company reported a financial income of CNY 684,737.07, compared to CNY 285,092.52 in the same period last year[21] - The company recorded a fair value gain of CNY 1,630,875.63 in Q1 2023, compared to a loss of CNY 3,403,324.82 in Q1 2022[21] Cash and Cash Equivalents - Cash and cash equivalents at the end of Q1 2023 were ¥183,126,738.74, a decrease of 31.97% from ¥269,185,256.02 at the end of the previous year[11] - The company's cash and cash equivalents decreased from 288,393,621.26 CNY at the beginning of the year to 188,652,830.48 CNY at the end of the reporting period, a decline of approximately 34.69%[18] - The impact of exchange rate changes on cash and cash equivalents was CNY 721,304.81, contrasting with a negative impact of CNY -360,322.54 in the previous year[26] Audit Status - The first quarter report was not audited[27]
泰祥股份(301192) - 2023 Q1 - 季度财报