GOLDEN SUN(300606)2023-04-24 16:00Financial Performance - The company's revenue for Q1 2023 was ¥64,584,982.45, a decrease of 34.86% compared to ¥99,146,352.79 in the same period last year[5] - Net profit attributable to shareholders was ¥405,145.87, down 94.69% from ¥7,628,976.43 year-on-year[5] - Total operating revenue for Q1 2023 was ¥64,584,982.45, a decrease of 34.8% compared to ¥99,146,352.79 in the same period last year[21] - Net profit for Q1 2023 was ¥516,695.61, a significant decline of 93.5% compared to ¥8,018,611.53 in Q1 2022[22] - The company's gross profit margin for Q1 2023 was approximately 0.59%, compared to 10.0% in the same period last year[21] - Basic and diluted earnings per share were both CNY 0.0029, significantly lower than CNY 0.0817 in the previous period[23] - The company’s total comprehensive income attributable to the parent company was CNY 405,145.87, compared to CNY 7,628,976.43 in the previous period, indicating a substantial decline[23] Cash Flow and Assets - The net cash flow from operating activities increased by 296.40%, reaching ¥15,469,633.64, compared to a negative cash flow of ¥7,876,610.14 in Q1 2022[5] - The total cash and cash equivalents at the end of Q1 2023 amounted to CNY 62,894,741.08, a decrease from CNY 65,794,168.41 at the beginning of the year[17] - Cash received from the sale of goods and services was CNY 78,107,016.94, down from CNY 94,878,739.99 in the previous period, reflecting a decline of approximately 17.7%[25] - The net cash flow from investing activities was CNY -24,934,278.69, an improvement from CNY -60,629,060.65 in the previous period[26] - Cash and cash equivalents at the end of the period totaled CNY 51,746,773.04, compared to CNY 108,631,416.00 at the end of the previous period, showing a decrease of approximately 52.3%[26] Operating Costs and Expenses - The total operating costs decreased by 34.91% to ¥47,632,935.29, reflecting a corresponding reduction in revenue[9] - Total operating costs for Q1 2023 were ¥64,202,936.45, down 29.0% from ¥90,490,240.22 in Q1 2022[21] - Research and development expenses for Q1 2023 were ¥5,486,067.39, a decrease of 15.7% from ¥6,508,006.97 in Q1 2022[22] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 100,116[11] - The company held a total of 1,769,174 shares in its repurchase account, representing 1.26% of total shares outstanding[12] - The total number of restricted shares at the end of the period was 23,934,063, with 10,980,000 shares held by executive Yang Lu under lock-up conditions[14] - The company has a total of 35,671,900 shares held by major shareholder Hu Xiuying, representing a significant portion of the total shares[12] - The company’s major shareholders include several individuals with significant stakes, such as Yang Qing with 4,515,750 shares, accounting for 3.22%[12] Liabilities and Equity - Current liabilities totaled ¥199,549,234.94, a decrease of 6.9% from ¥214,338,973.60 in the previous period[19] - Long-term equity investments were valued at ¥3,737,814.59, down from ¥3,957,040.52, indicating a decrease of 5.6%[19] - The company experienced a 40.36% increase in short-term borrowings, totaling ¥69,551,425.00, attributed to increased bank loans[9] - The company reported a significant increase in short-term borrowings, rising to ¥69,551,425.00 from ¥49,551,425.00, an increase of 40.4%[19] Government Support and Future Outlook - The company received government subsidies amounting to ¥325,636.08 during the quarter, contributing to other income growth of 56.07%[9] - The report indicates that the company is focused on maintaining a stable financial position while exploring future growth opportunities[15]