SPEG(600679)2023-06-13 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥351,574,080.01, representing a decrease of 15.06% compared to the same period last year[3] - The net profit attributable to shareholders was ¥15,151,349.24, down 37.90% year-on-year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥12,517,396.02, a decrease of 29.53% compared to the previous year[3] - Net profit for Q1 2023 was CNY 14,658,896.56, a decline of 37.24% from CNY 23,325,184.72 in Q1 2022[12] - The company’s gross profit margin for Q1 2023 was approximately 2.2%, down from 5.8% in Q1 2022[12] - The company reported a basic and diluted earnings per share of 0.0294 RMB for Q1 2023, down from 0.0473 RMB in Q1 2022, reflecting a decline of about 38%[14] Cash Flow - The net cash flow from operating activities was -¥44,007,386.22, indicating a significant cash outflow[3] - In Q1 2023, the company reported a net cash flow from operating activities of -44,007,386.22 RMB, compared to -17,418,703.22 RMB in Q1 2022, indicating a decline in operational cash flow[15] - Total cash inflow from operating activities was 351,470,542.43 RMB, down from 577,934,126.42 RMB in the same period last year, reflecting a decrease of approximately 39%[15] - The company experienced a significant drop in cash received from sales of goods and services, totaling 234,493,037.04 RMB, compared to 430,004,874.41 RMB in Q1 2022, a decline of about 45%[15] - Total cash outflow from operating activities was 395,477,928.65 RMB, compared to 595,352,829.64 RMB in the previous year, indicating a reduction of approximately 34%[15] - The total cash flow for the period showed a net decrease of 189,449,101.40 RMB, compared to a decrease of 209,031,635.65 RMB in Q1 2022, indicating a slight improvement in cash management[15] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,969,001,063.12, a decrease of 1.60% from the end of the previous year[3] - The company's total assets as of March 31, 2023, were CNY 2,969,001,063.12, slightly down from CNY 3,017,146,038.25 at the end of 2022[10] - Total liabilities decreased to CNY 826,909,661.09 in Q1 2023 from CNY 891,041,034.34 at the end of 2022, representing a reduction of 7.2%[10] - The company reported a decrease in accounts receivable to CNY 382,462,233.12, up 36.1% from CNY 281,099,286.67 at the end of 2022[10] Cash and Equivalents - Cash and cash equivalents decreased by 28.91%, primarily due to payments made for land conversion fees[5] - Cash and cash equivalents were CNY 478,688,055.14 as of March 31, 2023, down 29.0% from CNY 673,381,838.67 at the end of 2022[10] - Cash and cash equivalents at the end of Q1 2023 stood at 443,453,223.71 RMB, down from 560,622,613.95 RMB at the end of Q1 2022, a decrease of approximately 21%[15] Borrowings and Financing - The company's short-term borrowings increased by 46.74%, reflecting a rise in bank loans during the period[5] - The company’s financing activities generated a net cash flow of 13,923,067.97 RMB, a significant improvement from -52,042,737.30 RMB in the same quarter last year[15] Government Support - The company received government subsidies amounting to ¥618,352.52 during the reporting period[5] Research and Development - Research and development expenses for Q1 2023 were CNY 3,382,745.09, a slight decrease from CNY 3,490,417.99 in Q1 2022[12] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 37,715[7]