DKEM(300842)2023-04-26 16:00Financial Performance - The company's revenue for Q1 2023 reached ¥1,548,338,008.73, representing a 121.72% increase compared to ¥698,332,291.58 in the same period last year[5] - Net profit attributable to shareholders was ¥86,263,701.13, a significant increase of 370.75% from ¥18,324,725.58 year-on-year[5] - The net profit excluding non-recurring gains and losses was ¥79,774,968.38, up 244.04% from ¥23,187,622.42 in the previous year[5] - Basic and diluted earnings per share both increased to ¥0.86, reflecting a 377.78% rise from ¥0.18 in the same period last year[5] - The total operating revenue for Q1 2023 was CNY 1,548,338,008.73, a significant increase from CNY 698,332,291.58 in the same period last year, representing a growth of approximately 121.5%[27] - The net profit for Q1 2023 reached CNY 84,858,660.24, up from CNY 18,324,725.58 in Q1 2022, marking a growth of approximately 363.5%[28] - The company reported a significant increase in operating income, leading to a 433.01% rise in income tax expenses to ¥12,331,274.52 from ¥2,313,514.73[10] - The company has shown a strong improvement in operating profit, which was CNY 89,259,597.83 in Q1 2023, compared to CNY 18,231,119.25 in Q1 2022, marking an increase of approximately 389.5%[28] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,169,171,125.70, a 24.26% increase from ¥3,355,189,075.52 at the end of the previous year[5] - The total liabilities for Q1 2023 were CNY 3,138,523,717.62, up from CNY 2,409,858,862.04 in Q1 2022, which is an increase of approximately 30.3%[25] - The total equity attributable to the parent company as of Q1 2023 was CNY 1,005,746,170.69, compared to CNY 919,023,935.20 in the previous year, indicating an increase of about 9.4%[25] Cash Flow - The company's cash flow from operating activities showed a negative net amount of ¥496,407,977.27, a decrease of 255.29% compared to ¥319,671,947.28 in the previous year[5] - The net cash flow from operating activities was -¥496,407,977.27, a decrease of 255.29% from ¥319,671,947.28, mainly due to increased prepayments for raw materials[10] - The net cash flow from investing activities was ¥11,775,545.56, a recovery from -¥9,083,633.54, resulting from the return of idle funds from cash management[10] - The net cash flow from financing activities increased to ¥369,008,111.50, a 214.23% rise from -¥323,030,996.71, reflecting expanded bank financing to support inventory procurement[10] - Cash inflow from operating activities was CNY 932,014,339.32, an increase from CNY 808,003,304.32 in the previous year, reflecting a growth of 15.4%[30] - The ending balance of cash and cash equivalents was CNY 130,296,323.71, down from CNY 178,997,359.08 in the previous year[32] Investments and Expenses - R&D expenses increased to ¥37,093,757.30, up 70.39% from ¥21,769,847.30, due to enhanced team building and increased investment in technology innovation and product development[10] - Financial expenses rose to ¥12,671,599.24, a 203.00% increase from -¥12,301,933.32, primarily due to increased interest expenses and reduced foreign exchange gains[10] - The company reported a significant increase in interest income, which rose to CNY 3,306,775.95 in Q1 2023 from CNY 323,406.56 in Q1 2022, representing a growth of approximately 923.5%[28] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 17,509, with the largest shareholder holding 19.30% of shares[11] - The top ten shareholders collectively hold significant stakes, with the largest shareholder, Shi Weili, owning 19,302,669 shares[12] - The company reported a total of 30,488,826 shares with lock-up restrictions remaining at the end of the period, with no shares released or newly restricted during the current period[15] - The company has not released any shares from lock-up restrictions during the current period[15] Regulatory and Compliance - The company received a warning letter from the Jiangsu Securities Regulatory Bureau regarding compliance matters[21] - The company anticipates a total amount of related party transactions not exceeding RMB 1,001.70 million for the year 2023[16] - The company plans to engage in foreign exchange derivative trading with a limit of up to RMB 2 billion and silver futures contracts with a margin not exceeding RMB 60 million for the year 2023[17] - The company has approved a comprehensive credit limit application of up to RMB 3.2 billion, valid for twelve months from the date of approval[19] Market and Strategic Initiatives - The company is actively expanding its market presence and enhancing its product offerings through increased R&D investment and strategic financial management[10] - The company experienced a 123.68% increase in accounts payable, rising to ¥229,014,947.30 due to expanded production and sales[9] - The company reported a 701.93% increase in taxes and surcharges, amounting to ¥1,412,691.92, driven by significant business growth[9] - The company is actively advancing its fundraising projects, leading to a 39.47% increase in construction in progress, totaling ¥110,244,982.00[9]