Yangling Metron New Material (300861)2023-04-25 16:00Financial Performance - The company achieved operating revenue of ¥994,270,877.05, an increase of 49.30% compared to the same period last year[18]. - Net profit attributable to shareholders was ¥379,272,540.00, reflecting a growth of 33.25% year-on-year[18]. - The net profit after deducting non-recurring gains and losses was ¥360,476,131.98, up 34.38% from the previous year[8]. - Total operating revenue for the current period reached ¥994.27 million, a significant increase of 49.2% compared to ¥665.95 million in the previous period[22]. - Net profit for the current period was ¥381.03 million, representing a 33.9% increase from ¥284.61 million in the previous period[23]. - Basic and diluted earnings per share were both ¥0.7901, compared to ¥0.5930 in the previous period, reflecting a growth of 33.3%[24]. - The total comprehensive income for the current period was ¥381.03 million, compared to ¥284.61 million in the previous period, reflecting a growth of 33.9%[24]. Assets and Liabilities - The company's total assets reached ¥6,967,713,921.55, a 44.04% increase from the end of the previous year[8]. - Total assets increased to 6,757,461,625.90, representing a growth of approximately 3.1%[49]. - Current liabilities decreased to 1,439,827,321.31, a reduction of about 11.6%[49]. - Non-current liabilities totaled 220,079,386.48, indicating a decrease of around 1.2%[50]. - The company's total equity rose to 5,097,554,918.11, reflecting an increase of approximately 7.5%[50]. - Unallocated profits increased significantly to 2,637,186,402.63, marking a growth of about 14.4%[50]. - The company reported a long-term receivable of 845,880.50, a decline of approximately 76.0%[49]. - Fixed assets decreased to 942,200,077.66, a decrease of about 3.2%[49]. Cash Flow - Cash flow from operating activities showed a significant decline, with a net outflow of ¥136,065,852.80, down 148.74% year-on-year[8]. - The net cash flow from operating activities was negative at ¥136.07 million, a decline of 148.7% from ¥279.14 million in the previous period[34]. - The net cash flow from investing activities increased by 224.1% to ¥396.16 million, up from ¥122.23 million in the prior period[34]. - The total cash inflow from investment activities was 1,752,632,597.62 RMB, compared to 1,595,435,761.21 RMB in the previous year[46]. - The net cash flow from investment activities increased to 396,156,988.78 RMB, up from 122,229,727.98 RMB in the previous year[46]. - The company's cash and cash equivalents at the end of the period were ¥859,321,109.81, up 38.28% from the previous year[11]. - The company's cash and cash equivalents at the end of the period were 833,638,929.51 RMB, an increase from 553,389,470.68 RMB at the beginning of the year[46]. - The company’s cash flow statement indicates a stable cash position, with no significant outflows reported in the recent period[53]. Research and Development - Research and development expenses increased by 123.91% to ¥16,858,621.08, indicating a focus on enhancing technological capabilities[11]. - The company reported a significant increase in research and development expenses, which rose to ¥16.86 million from ¥7.53 million, marking a 124.5% increase[22]. - The company plans to enhance its core competitiveness and technical strength by increasing R&D investment and accelerating project construction[18]. Market Strategy - The company aims to maximize enterprise and shareholder value by improving product quality and responding to market demands for higher quality products[18]. - The company is focusing on promoting new products with finer diameters and stronger cutting forces to enhance market competitiveness[38]. - The company is focusing on expanding its market presence and enhancing product development strategies to drive future growth[54]. - The company plans to explore potential mergers and acquisitions to strengthen its market position and diversify its portfolio[54]. Sales Performance - In Q1 2023, the company sold 26.9091 million kilometers of electroplated diamond wire, representing a 58.85% increase compared to the same period last year[38]. - The sales volume of tungsten wire diamond wire reached 2.0907 million kilometers, benefiting from the physical performance advantages of tungsten wire and the company's self-developed high-cutting-force diamond powder[38]. Other Financial Metrics - Total operating costs amounted to ¥564.61 million, up 62.2% from ¥348.26 million in the prior period[22]. - Other income for the current period was ¥11.24 million, compared to ¥6.83 million in the previous period, indicating a growth of 64.5%[23]. - The company experienced a substantial increase in asset impairment losses, which rose to ¥17.43 million from ¥0.52 million, a change of 3260.7%[34]. - The company reported a decrease in net profit compared to Q4 2022, attributed to industry cycles and the impact of the Spring Festival holiday[38].