CIXING(300307)2023-04-27 16:00Financial Performance - The company's revenue for Q1 2023 was ¥529,988,717.99, representing a 12.01% increase compared to ¥473,164,433.92 in the same period last year[5] - Net profit attributable to shareholders was ¥38,139,069.29, up 29.36% from ¥29,482,221.68 year-on-year[5] - The basic earnings per share rose to ¥0.0500, a 25.00% increase from ¥0.0400 in the same period last year[5] - The net loss attributable to the parent company was CNY 153,526,070.63, an improvement from a loss of CNY 191,665,139.92 in Q1 2022[19] - The net profit for the first quarter of 2023 was CNY 35,729,543.85, an increase of 29.8% compared to CNY 27,503,441.50 in the same period last year[21] - The total profit amounted to CNY 39,225,818.07, up from CNY 30,062,640.92, reflecting a growth of 30.6% year-over-year[21] - Operating income reached CNY 40,690,229.70, compared to CNY 29,611,381.72 in the previous year, marking a 37.4% increase[21] - The total comprehensive income for the first quarter was CNY 36,295,974.14, compared to CNY 26,559,482.71, reflecting a growth of 36.5% year-over-year[21] Cash Flow and Assets - The net cash flow from operating activities increased by 373.22% to ¥191,397,788.37, compared to ¥40,445,919.43 in the previous year[5] - The company experienced a 62.20% increase in cash inflow from operating activities, amounting to ¥724,482,597.13, driven by increased sales collections[11] - The company's cash and cash equivalents at the end of the first quarter are 669,402,576.04 RMB, an increase from 556,640,044.45 RMB at the beginning of the year[17] - The total current assets amount to 2,889,463,418.63 RMB, compared to 2,589,760,435.42 RMB at the beginning of the year, showing a growth of approximately 11.6%[17] - Cash flow from operating activities generated a net amount of CNY 191,397,788.37, significantly higher than CNY 40,445,919.43 in the prior year, indicating a growth of 372.5%[23] - Cash and cash equivalents at the end of the period totaled CNY 130,920,427.20, down from CNY 243,258,614.58 at the end of the previous year, a decrease of 46.1%[24] Liabilities and Equity - The company’s total liabilities increased, with accounts payable rising by 16.91% to ¥534,680,420.74 from ¥457,352,000.57[10] - The total liabilities rose to CNY 1,908,056,653.48, up from CNY 1,710,346,705.15, indicating an increase of 11.55% year-over-year[19] - The total equity attributable to shareholders of the parent company was CNY 2,789,098,769.60, compared to CNY 2,750,393,270.02 in the previous year, an increase of 1.40%[19] Research and Development - Research and development expenses decreased by 24.36% to ¥10,383,111.47 compared to ¥13,726,838.83 in the previous year[11] - Research and development expenses for Q1 2023 were CNY 10,383,111.47, down from CNY 13,726,838.83 in Q1 2022, a decrease of 24.00%[20] Shareholder Information - Total number of common shareholders at the end of the reporting period is 35,458[13] - The largest shareholder, Ningbo Yuren Smart Technology (Group) Co., Ltd., holds 17.39% of shares, totaling 135,754,541 shares, with 98,000,000 shares pledged[13] - The second largest shareholder, Yuren Enterprise Limited, holds 15.81% of shares, totaling 123,377,907 shares, with 60,000,000 shares pledged[13] - The company has a total of 8,775,042 shares under lock-up for the major shareholder Sun Pingfan, which are subject to legal release regulations[15] Market Strategy - The company plans to expand its market presence and invest in new technologies, although specific details were not disclosed in the report[5] - The company is exploring market expansion strategies, although specific details were not disclosed in the report[16]