AGNM(603429)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥141,292,398.03, a decrease of 14.72% compared to the same period last year[5]. - The net profit attributable to shareholders was ¥34,475,720.93, down 4.46% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥31,543,774.44, a decline of 6.80%[5]. - Total revenue for Q1 2023 was ¥141,292,398.03, a decrease of 14.7% compared to ¥165,675,680.34 in Q1 2022[19]. - Net profit for Q1 2023 was ¥34,161,576.87, a decline of 4.0% from ¥35,572,874.35 in Q1 2022[20]. - The company reported a basic and diluted earnings per share of ¥0.07 for both Q1 2023 and Q1 2022[20]. - The company’s total profit for Q1 2023 was ¥40,058,058.37, a decrease of 3.4% from ¥41,477,688.47 in Q1 2022[20]. Cash Flow and Assets - The net cash flow from operating activities was ¥42,475,215.59, a decrease of 14.55% compared to the previous year[5]. - Cash flow from operating activities generated a net amount of ¥42,475,215.59 in Q1 2023, down 14.5% from ¥49,704,870.79 in Q1 2022[23]. - Cash and cash equivalents at the end of Q1 2023 totaled ¥858,123,186.54, an increase from ¥757,070,889.24 at the end of Q1 2022[24]. - The company's cash and cash equivalents increased to RMB 858,123,186.54 from RMB 818,478,599.42, reflecting a growth of approximately 4.4%[14]. - The company reported a significant reduction in inventory, with current inventory at RMB 117,829,619.70 compared to RMB 120,373,977.59, a decrease of about 2.1%[14]. - The company’s non-current assets totaled RMB 617,361,546.97, down from RMB 625,716,067.72, a decrease of approximately 1.8%[15]. Liabilities and Equity - Total assets at the end of the reporting period were ¥1,838,580,628.86, down 2.14% from the end of the previous year[5]. - Total current liabilities decreased to RMB 329,222,617.15 from RMB 402,695,168.62, a reduction of approximately 18.2%[15]. - The company's total liabilities decreased to RMB 362,088,043.35 from RMB 436,403,183.00, indicating a decline of about 17%[16]. - The equity attributable to shareholders increased by 2.42% to ¥1,458,812,968.90 compared to the end of the previous year[5]. - The equity attributable to shareholders increased to RMB 1,458,812,968.90 from RMB 1,424,337,247.97, reflecting a growth of approximately 2.4%[16]. - The company's retained earnings increased to RMB 620,841,644.58 from RMB 586,365,923.65, reflecting a growth of about 5.9%[16]. Operating Costs and Expenses - The company experienced a 19.07% decrease in operating costs, attributed to reduced sales from product revisions and equipment updates[8]. - Total operating costs for Q1 2023 were ¥108,357,980.89, down 13.9% from ¥126,196,164.94 in Q1 2022[19]. - R&D expenses increased to ¥8,060,315.09 in Q1 2023, up 6.3% from ¥7,580,136.89 in Q1 2022[19]. - The company’s financial expenses showed a significant reduction, with a net financial expense of -¥1,940,316.32 in Q1 2023 compared to -¥4,231,041.23 in Q1 2022[19]. Investment and Contract Liabilities - The investment income increased to ¥97,099.22, mainly due to higher investment returns during the period[8]. - The company reported a significant decrease in accounts receivable financing by 69.25%, primarily due to the endorsement of notes receivable[7]. - The company reported a 299.85% increase in contract liabilities, primarily due to an increase in advance payments received for goods[7]. - Accounts receivable decreased significantly to RMB 163,908,628.40 from RMB 214,954,179.91, representing a decline of about 23.7%[14].