SEC(603988)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥181,324,785.24, representing a decrease of 6.44% compared to the same period last year[6]. - The net profit attributable to shareholders was ¥3,574,635.45, down 73.37% year-on-year[6]. - The basic earnings per share decreased by 66.67% to ¥0.02[7]. - The weighted average return on equity was 0.56%, a decrease of 1.68 percentage points compared to the previous year[7]. - The company reported a net loss for Q1 2023, with total costs exceeding total revenue, indicating challenges in profitability[21]. - In Q1 2023, the company's net profit was CNY 3,574,635.45, a decrease of 73.4% compared to CNY 13,423,371.45 in Q1 2022[22]. - The operating profit for Q1 2023 was CNY 3,950,043.87, down 80% from CNY 19,782,585.29 in the same period last year[22]. - The total comprehensive income for Q1 2023 was CNY 3,574,635.45, a decrease of 73.4% from CNY 13,423,371.45 in Q1 2022[23]. Cash Flow and Liquidity - The net cash flow from operating activities was ¥233,992.69, showing a significant increase of 100.41% year-on-year[11]. - Cash flow from operating activities in Q1 2023 was CNY 233,992.69, a significant improvement from a negative cash flow of CNY -56,937,654.78 in Q1 2022[26]. - Total cash and cash equivalents at the end of Q1 2023 increased to CNY 29,562,047.08, compared to CNY 20,874,562.64 at the end of Q1 2022[27]. - The company reported cash inflows from operating activities of CNY 194,951,777.85 in Q1 2023, up from CNY 178,491,065.50 in Q1 2022[25]. - Cash and cash equivalents as of March 31, 2023, were RMB 74,432,583.40, up from RMB 59,238,580.59 as of December 31, 2022, indicating improved liquidity[16]. Expenses and Costs - Total operating costs for Q1 2023 were RMB 182,775,716.78, an increase of 3.9% from RMB 176,674,822.92 in Q1 2022[21]. - Research and development expenses increased by 163.82%, primarily due to an increase in R&D personnel and investment[11]. - Research and development expenses in Q1 2023 amounted to RMB 7,615,048.57, significantly up from RMB 2,886,461.38 in Q1 2022, reflecting a focus on innovation[21]. - The company incurred financial expenses of CNY -845,057.20 in Q1 2023, compared to CNY 1,321,605.63 in Q1 2022[22]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,188,917,416.10, an increase of 0.87% from the end of the previous year[7]. - Total assets as of March 31, 2023, were RMB 1,188,917,416.10, compared to RMB 1,178,696,735.40 at the end of 2022, showing a stable asset base[19]. - Total liabilities as of March 31, 2023, were RMB 547,975,763.74, slightly up from RMB 545,385,638.77 at the end of 2022, reflecting stable financial obligations[18]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 19,779[12]. - The top shareholder, Ningbo JunTuo Enterprise Management Co., Ltd., held 23.47% of the shares, totaling 55,202,000 shares[13]. Future Outlook - The company plans to enhance its market expansion strategies and invest further in new product development to drive future growth[21].