浙江恒威(301222) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was ¥130,799,070.73, a decrease of 2.33% compared to ¥133,913,564.82 in the same period last year[5] - Net profit attributable to shareholders increased by 31.97% to ¥26,593,107.77 from ¥20,151,166.49 year-on-year[5] - The net profit after deducting non-recurring gains and losses was ¥23,952,577.06, up 22.51% from ¥19,552,118.25 in the previous year[5] - Operating profit increased to ¥31,382,702.07, up 33.3% from ¥23,558,888.69 in the previous period[21] - Net profit for the current period is ¥26,593,107.77, representing a 32.0% increase compared to ¥20,151,166.49 in the previous period[21] Cash Flow and Assets - The net cash flow from operating activities was ¥14,683,692.08, reflecting a 4.61% increase from ¥14,037,069.66 in the same period last year[5] - Cash flow from operating activities increased to ¥14,683,692.08, compared to ¥14,037,069.66 in the previous period[23] - Cash flow from investing activities showed a net outflow of ¥69,192,792.75, compared to a smaller outflow of ¥2,882,305.23 in the previous period[24] - The ending balance of cash and cash equivalents is ¥784,758,720.78, down from ¥989,920,732.74 in the previous period[24] - Cash and cash equivalents decreased to 784,758,720.78 CNY from 843,057,243.49 CNY, representing a decline of approximately 6.5%[16] Shareholder Equity and Assets - Total assets at the end of the reporting period were ¥1,330,834,674.22, a slight decrease of 0.05% from ¥1,331,444,327.02 at the end of the previous year[5] - Shareholders' equity attributable to the parent company increased by 2.11% to ¥1,286,631,414.92 from ¥1,260,080,246.24 at the end of the previous year[5] - The company’s total equity rose to 1,286,631,414.92 CNY from 1,260,080,246.24 CNY, an increase of about 2.1%[18] - The company’s retained earnings increased to 247,713,427.66 CNY from 221,120,319.89 CNY, reflecting a growth of approximately 12%[18] - Total liabilities decreased from 71,364,080.78 CNY to 44,203,259.30 CNY, a reduction of about 38.3%[17] Inventory and Expenses - The company’s inventory decreased to 99,037,949.99 CNY from 108,961,571.98 CNY, a reduction of about 9%[16] - Accounts payable decreased significantly from 44,431,948.40 CNY to 27,883,176.73 CNY, a decline of approximately 37%[17] - The company’s fixed assets decreased slightly from 78,339,270.86 CNY to 76,772,237.98 CNY, a decline of about 2%[17] - The company’s long-term prepaid expenses increased from 535,092.52 CNY to 1,078,297.04 CNY, indicating a significant rise of approximately 101%[17] Non-Recurring Gains and Other Income - Non-recurring gains totaled ¥2,640,530.71, with government subsidies contributing ¥1,231,300.00[6] - The company reported a tax expense of ¥4,816,930.65, an increase from ¥3,407,722.20 in the previous period[21] - Other comprehensive income after tax was negative at -¥41,939.09, compared to a positive ¥156,541.10 in the previous period[21] Future Investments - The company plans to invest in a high-performance environmentally friendly alkaline and carbon battery project in Vietnam, reallocating unused funds from previous projects[14] Currency Impact - The company experienced a growth in net profit primarily due to the appreciation of the US dollar against the RMB, as most of its revenue is generated from exports settled in USD[9]