SHBT(SH:603009)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥388,668,243, representing a decrease of 9.25% compared to the same period last year[3]. - The net profit attributable to shareholders was ¥5,806,355, down 75.76% year-on-year, primarily due to a sluggish automotive market impacting revenue from major business segments[3][6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 82.54%, reflecting the overall decline in profitability[3][6]. - The basic earnings per share for the period was ¥0.0162, a decrease of 75.75% compared to the previous year[3][7]. - Total revenue for Q1 2023 was ¥388,668,243, a decrease of 9.3% compared to ¥428,281,371 in Q1 2022[18]. - Operating profit for Q1 2023 was ¥7,873,090, down 70.5% from ¥26,697,691 in Q1 2022[19]. - Net profit for Q1 2023 was ¥5,517,739, a decline of 76.4% from ¥23,408,144 in Q1 2022[19]. - Basic and diluted earnings per share for Q1 2023 were both ¥0.0162, down from ¥0.0668 in Q1 2022[20]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,203,744,128.72, showing a slight increase of 0.31% from the end of the previous year[4]. - As of March 31, 2023, total assets amounted to RMB 3,203,744,128.72, a slight increase from RMB 3,193,862,590.11 at the end of 2022[14]. - Total liabilities decreased to RMB 1,506,064,132.24 from RMB 1,562,173,286.19, indicating a reduction in financial obligations[14]. - The company's equity attributable to shareholders rose to RMB 1,573,951,191.46 from RMB 1,567,828,334.00, reflecting a growth of about 0.4%[15]. - The total owner's equity reached RMB 1,697,679,996.48, compared to RMB 1,631,689,303.92, marking an increase of approximately 4.0%[15]. Cash Flow - The net cash flow from operating activities was ¥33,144,045.77, an increase of 16.37% year-on-year[3]. - Cash flow from operating activities for Q1 2023 was ¥33,144,046, an increase of 16.5% compared to ¥28,482,476 in Q1 2022[23]. - The company recorded a net cash inflow from operating activities of ¥360,439,136, down from ¥396,311,345 in Q1 2022[23]. - The net cash flow from investing activities was -$40,136,543, compared to -$36,407,854 in the previous year, indicating an increase in investment outflows[24]. - Cash inflows from financing activities totaled $170,155,535, slightly down from $171,428,078 in the prior year[24]. - The net cash flow from financing activities was -$61,877,238.23, a significant decline from -$1,679,769.68 in the previous year[24]. - The net decrease in cash and cash equivalents was -$68,796,189.19, compared to -$9,631,721.98 in the same quarter last year, indicating a worsening liquidity position[24]. - The ending balance of cash and cash equivalents was $63,843,865.98, up from $45,534,204.17 year-over-year, showing an increase in available cash despite the net decrease[24]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 26,517[8]. - The top shareholder, Si Kun, holds 29.80% of the shares, with a pledged amount of 45,606,882 shares[9]. Expenses - Research and development expenses increased to ¥19,581,813, up 27.5% from ¥15,388,071 in Q1 2022[19]. - Sales expenses rose to ¥9,934,999, an increase of 8.0% from ¥9,195,592 in Q1 2022[19]. - Management expenses increased to ¥25,671,638, up 16.5% from ¥22,044,933 in Q1 2022[19]. - The company reported a decrease in total operating costs to ¥387,673,026, down 4.0% from ¥403,660,226 in Q1 2022[18]. Other Financial Metrics - The weighted average return on equity was 0.37%, a decrease of 1.17 percentage points compared to the previous year[3]. - The company's cash and cash equivalents were RMB 94,601,638.13, down from RMB 164,809,436.65, reflecting a decrease of approximately 42.5%[13]. - Accounts receivable increased to RMB 431,583,506.43 from RMB 502,901,070.48, showing a decline of about 14.2%[13]. - Inventory levels remained stable at RMB 514,229,092.67, compared to RMB 511,204,928.35, indicating effective inventory management[13]. - Non-current assets totaled RMB 1,833,055,390.93, up from RMB 1,748,953,334.00, representing an increase of approximately 4.8%[14]. - Short-term borrowings increased to RMB 637,308,529.73 from RMB 595,676,063.81, indicating a rise of approximately 7.5%[14]. - The company reported a decrease in other receivables to RMB 3,228,064.28 from RMB 5,262,998.80, a decline of about 38.7%[13]. - The company has not adopted new accounting standards or interpretations for the current year, maintaining consistency in financial reporting[24].