NOVA TECH(300921)2023-04-20 16:00Financial Performance - The company's revenue for Q1 2023 was ¥139,542,627.15, representing a 9.00% increase compared to ¥128,015,119.09 in the same period last year[3] - Net profit attributable to shareholders decreased by 33.02% to ¥9,002,062.78 from ¥13,440,160.79 year-on-year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 46.27% to ¥5,228,914.42 from ¥9,732,675.66 in the previous year[3] - Basic and diluted earnings per share both decreased by 30.00% to ¥0.07 from ¥0.10 year-on-year[3] - Net profit for Q1 2023 was CNY 8,322,645.86, a decrease of 36.5% compared to CNY 13,048,634.11 in Q1 2022[16] - The total comprehensive income attributable to the parent company for Q1 2023 is ¥8,802,801.38, down from ¥13,431,964.30 in Q1 2022, reflecting a decline of 34.5%[17] - The total comprehensive income for Q1 2023 is ¥8,067,170.04, down from ¥13,040,437.62 in Q1 2022, reflecting a decline of 38.3%[17] Cash Flow and Liquidity - The net cash flow from operating activities increased significantly by 105.76% to ¥20,533,830.91 compared to ¥9,979,467.88 in the same period last year[3] - Cash and cash equivalents at the end of the period were CNY 211,700,296.84, down 16.8% from CNY 254,573,100.66 at the beginning of the year[12] - The cash and cash equivalents at the end of Q1 2023 amount to ¥210,426,305.42, a decrease from ¥216,298,676.48 at the end of Q1 2022[21] - The net cash flow from investing activities for Q1 2023 is -¥59,766,258.02, compared to -¥48,148,566.49 in Q1 2022, indicating a worsening cash outflow situation[20] - The total cash outflow from financing activities in Q1 2023 is ¥3,173,800.60, compared to ¥2,118,730.39 in the previous period, indicating increased cash outflow[21] - The net increase in cash and cash equivalents for Q1 2023 is -¥42,742,778.52, compared to -¥39,953,600.45 in Q1 2022, indicating a negative trend in cash flow[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥976,845,957.58, a 1.17% increase from ¥965,565,560.23 at the end of the previous year[3] - Total liabilities amounted to CNY 139,512,073.75, slightly up from CNY 139,098,789.06 at the start of the year[14] Operating Costs and Expenses - Total operating costs for Q1 2023 were CNY 134,771,284.59, up 14.1% from CNY 118,205,947.03 year-over-year[16] - The company experienced increased expenses due to enhanced travel and marketing activities, impacting net profit[6] - Research and development expenses for Q1 2023 were CNY 14,350,450.13, an increase of 17.0% from CNY 12,275,378.39 in Q1 2022[16] Business Strategy and Development - The company is actively advancing its SASE business strategy and expanding overseas network nodes[6] - The company plans to focus on market expansion and new product development in the upcoming quarters[16] Inventory and Financial Assets - The company’s inventory decreased to CNY 12,050,759.97, down 32.5% from CNY 17,855,508.46 at the beginning of the year[12] - Non-recurring gains totaled ¥3,773,148.36, primarily from fair value changes of financial assets and other income[4] - The company reported a gross profit margin of approximately 6.0% for Q1 2023, down from the previous year's margin[16] - Total revenue from sales of goods and services received in Q1 2023 is ¥154,982,566.03, compared to ¥121,833,376.82 in the previous period[19]