Raycus(300747)2023-04-24 16:00Financial Performance - The company's revenue for Q1 2023 was ¥785,872,577.22, representing a 12.06% increase compared to ¥701,270,661.31 in the same period last year[4] - Net profit attributable to shareholders was ¥44,063,071.61, a significant increase of 110.79% from ¥20,903,707.46 year-over-year[4] - The net profit after deducting non-recurring gains and losses was ¥40,240,860.19, up 120.41% from ¥18,257,661.44 in the previous year[4] - The basic earnings per share rose to ¥0.0785, reflecting an increase of 111.02% compared to ¥0.0372 in the same quarter last year[4] - The diluted earnings per share increased to ¥0.0777, a rise of 109.43% from ¥0.0371 year-over-year[4] - The company reported a significant increase in net profit attributable to the owners of the parent company, which was ¥44,063,071.61 for Q1 2023, compared to ¥20,903,707.46 in the previous year, a growth of approximately 110%[37] Assets and Liabilities - The total assets at the end of Q1 2023 were ¥5,629,028,480.19, marking a 2.91% increase from ¥5,469,859,198.29 at the end of the previous year[4] - The total liabilities as of March 31, 2023, were ¥2,417,536,108.86, compared to ¥2,309,290,914.14 at the beginning of the year, reflecting an increase of approximately 4.7%[35] - The company's total equity attributable to shareholders was ¥3,109,067,439.44, a 1.61% increase from ¥3,059,776,472.43 at the end of the previous year[4] - The equity attributable to the owners of the parent company was ¥3,109,067,439.44, up from ¥3,059,776,472.43, representing an increase of about 1.6%[35] Cash Flow - The net cash flow from operating activities was negative at -¥140,470,500.60, worsening by 86.20% compared to -¥75,441,250.25 in the same period last year[4] - Operating cash inflow totaled 501,498,488.96 in the previous period, reflecting a growth of approximately 4.4%[40] - Cash flow from investing activities showed a net outflow of -134,980,086.45 in the previous period[40] - Cash flow from financing activities resulted in a net outflow of -91,806,408.12 in the prior period[40] - Cash and cash equivalents decreased by 33.41% to approximately CNY 515.11 million, primarily due to the comprehensive impact of operating, investing, and financing activities[54] Operating Costs and Expenses - The total operating costs for Q1 2023 were ¥731,532,781.36, up from ¥670,445,555.72, indicating an increase of about 9%[35] - The company reported a 70.90% increase in selling expenses, reaching approximately CNY 43.38 million, mainly due to increased employee compensation and after-sales material costs[54] - Financial expenses decreased by 82.44% to approximately CNY 805,200, primarily due to a reduction in exchange gains and losses[54] Other Financial Metrics - The weighted average return on equity improved to 1.43%, up from 0.69% in the same quarter last year[4] - The company reported a government subsidy of ¥4,222,791.89, which is closely related to its normal business operations[12] - The company experienced a foreign exchange impact on cash and cash equivalents of 251,852.65 in the prior period[40] Investment and Development - The company invested significantly in construction projects, with construction in progress increasing by 114.37% to approximately CNY 73.29 million, driven by the development of high-power semiconductor pump sources and the expansion of special optical fiber production capacity[54] - The company has not disclosed any new product developments or market expansion strategies in this report[38]