KBC(688598)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 301,961,365.55, representing a decrease of 32.93% compared to the same period last year[5]. - Net profit attributable to shareholders was CNY 118,026,681.98, down 41.76% year-on-year[5]. - The net profit after deducting non-recurring gains and losses decreased by 80.64% to CNY 26,438,879.08[5]. - Basic earnings per share decreased by 50.59% to CNY 1.25[6]. - Total operating revenue for Q1 2023 was CNY 301,961,365.55, a decrease of 32.8% compared to CNY 450,236,672.55 in Q1 2022[21]. - Net profit for Q1 2023 was CNY 118,186,700.40, a decline of 41.7% from CNY 202,406,863.88 in Q1 2022[22]. - Earnings per share for Q1 2023 were CNY 1.25, compared to CNY 2.53 in Q1 2022, indicating a decrease of 50.6%[23]. - The company reported a comprehensive income total of CNY 125,196,493.79 for Q1 2023, down from CNY 202,406,863.88 in Q1 2022[23]. - The company recorded a total profit of ¥142,664,182.44 in Q1 2023, a decrease of 39.2% from ¥234,819,194.21 in Q1 2022[33]. Cash Flow - The net cash flow from operating activities was CNY 53,741,271.30, a decline of 66.75% compared to the previous year[5]. - Cash flow from operating activities in Q1 2023 was CNY 98,210,076.63, significantly lower than CNY 315,609,839.61 in Q1 2022, a drop of 68.9%[24]. - The net cash flow from operating activities for Q1 2023 was ¥54,375,224.08, a decline of 66.6% compared to ¥162,649,431.75 in Q1 2022[34]. - The company received cash inflows from operating activities totaling ¥237,255,038.97 in Q1 2023, down 39.7% from ¥393,103,947.32 in Q1 2022[34]. - The net cash flow from financing activities was ¥105,235,233.34, compared to a net outflow of ¥14,199,578.53 in Q1 2022, reflecting improved financing conditions[26]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 7,001,837,532.93, a 2.42% increase from the end of the previous year[6]. - The company's current assets decreased to RMB 4,184,085,747.66 from RMB 4,293,748,918.69, representing a decline of about 2.54%[16]. - The company's cash and cash equivalents were reported at RMB 231,602,323.62, down from RMB 293,774,207.91, indicating a decrease of approximately 21.14%[15]. - The total liabilities of the company increased, with short-term borrowings rising to RMB 155,000,000.00 from RMB 50,000,000.00, marking a significant increase of 210%[16]. - Total liabilities as of Q1 2023 amounted to CNY 888,988,455.94, an increase from CNY 848,691,631.88 in the previous year[18]. - The total liabilities as of March 31, 2023, were ¥882,370,633.25, up from ¥841,854,408.12 at the end of 2022, indicating a rise in financial obligations[30]. Research and Development - R&D investment totaled CNY 40,483,905.36, an increase of 51.01% year-on-year, accounting for 13.41% of operating revenue[6]. - Research and development expenses for Q1 2023 were CNY 40,483,905.36, up from CNY 26,809,567.10 in Q1 2022, representing a 50.9% increase[21]. - Research and development expenses increased to ¥36,716,228.41 in Q1 2023, up 37.2% from ¥26,735,756.55 in Q1 2022[32]. Market Outlook - The decline in revenue and profit was mainly attributed to a decrease in product sales prices and a drop in gross margin[9]. - The company is focusing on expanding its market presence and enhancing its product offerings, although specific new products or technologies were not detailed in the report[14]. - The company has not provided specific future guidance or performance outlook for the upcoming quarters in the current report[14].