CCYD(600148)2023-04-26 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥137,488,524.95, representing a decrease of 23.3% compared to the same period last year[3]. - The net profit attributable to shareholders was a loss of ¥10,145,780.55, with a basic and diluted earnings per share of -¥0.072[3]. - Net profit for Q1 2023 was a loss of ¥8,694,324.88, compared to a profit of ¥1,888,314.85 in Q1 2022, indicating a significant decline[14]. - In Q1 2023, the company reported a net loss attributable to the parent company of CNY -10,145,780.55, compared to a profit of CNY 959,606.72 in Q1 2022, indicating a significant decline in performance[15]. - The basic and diluted earnings per share for Q1 2023 were both CNY -0.072, a decrease from CNY 0.007 in Q1 2022[15]. - The net profit for Q1 2023 was a loss of ¥11,888,373.14, compared to a profit of ¥1,793,475.59 in Q1 2022, indicating a significant decline in profitability[23]. Cash Flow and Liquidity - The net cash flow from operating activities decreased by 95.12%, amounting to ¥2,332,372.82, due to poor collection of receivables[3][4]. - Cash inflows from operating activities totaled CNY 144,619,569.81 in Q1 2023, down 29.4% from CNY 204,684,267.87 in Q1 2022[17]. - The company's cash flow from operating activities generated a net amount of ¥3,641,115.98, down 88.5% from ¥31,642,516.43 in the same period last year[25]. - The cash and cash equivalents at the end of Q1 2023 were CNY 276,965,734.77, a decrease from CNY 153,592,927.56 in Q1 2022[18]. - The company paid CNY 3,853,371.39 in financing activities during Q1 2023, compared to CNY 160,346.91 in Q1 2022, indicating a significant increase in cash outflows[18]. Assets and Liabilities - Total assets increased by 6.72% to ¥1,132,983,298.34 compared to the end of the previous year[4]. - The company's total assets increased to ¥1,132,983,298.34 in Q1 2023 from ¥1,061,627,381.99 in Q1 2022, representing a growth of 6.7%[13]. - Total liabilities rose to ¥525,070,267.70 in Q1 2023, up from ¥444,698,782.45 in Q1 2022, marking an increase of 18.1%[12]. - The company's total liabilities increased to CNY 331,433,697.68 as of March 31, 2023, compared to CNY 297,399,150.06 at the end of 2022[21]. - The company's equity attributable to shareholders decreased by 2.15% to ¥463,131,805.96[4]. - The company’s equity attributable to shareholders decreased to ¥463,131,805.96 in Q1 2023 from ¥473,284,049.84 in Q1 2022, a decline of 2.4%[13]. Inventory and Receivables - The company's inventory increased by 41.14%, indicating a buildup of stock[4]. - The company reported a significant increase in inventory, which rose to ¥227,227,863.11 in Q1 2023 from ¥160,991,061.00 in Q1 2022, an increase of 41.0%[12]. - The accounts receivable financing decreased by 37.53%, attributed to a reduction in bank acceptance bills held by the company[4][6]. - The company reported a decrease in cash received from sales of goods and services, totaling CNY 139,390,588.80 in Q1 2023, down 31.5% from CNY 203,611,537.30 in Q1 2022[17]. Research and Development - Research and development expenses increased by 30.04%, reflecting the company's investment in new product development[4]. - Research and development expenses for Q1 2023 were ¥4,615,366.94, down 50.5% from ¥9,304,507.25 in Q1 2022[13]. - Research and development expenses for Q1 2023 were ¥2,798,336.11, a decrease of 43.4% from ¥4,938,388.82 in Q1 2022[22]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 15,567[7]. - The company received ¥4,500,000.00 in investment income during Q1 2023, compared to no income in Q1 2022[26].