SPEG(600679)2023-04-26 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥351,574,080.01, representing a decrease of 15.06% compared to the same period last year[3] - The net profit attributable to shareholders was ¥15,151,349.24, down 37.90% year-on-year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥12,517,396.02, a decrease of 29.53% compared to the previous year[3] - The basic earnings per share for the period was ¥0.0294, reflecting a decline of 37.90% year-on-year[3] - Net profit for Q1 2023 was ¥14,658,896.56, a decline of 37.24% from ¥23,325,184.72 in Q1 2022[12] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,972,816,163.12, a decrease of 1.59% from the end of the previous year[3] - Total assets as of March 31, 2023, were ¥2,972,816,163.12, down from ¥3,020,961,138.25 at the end of 2022[10] - Total liabilities decreased to ¥826,909,661.09 from ¥891,041,034.34, a reduction of 7.19%[10] - The company reported a decrease in inventory to ¥232,932,982.39 from ¥291,086,069.78, a decline of 20.00%[10] Cash Flow - The net cash flow from operating activities was negative at -¥44,007,386.22, indicating a significant cash outflow[3] - In Q1 2023, the company reported a net cash flow from operating activities of -44,007,386.22 RMB, compared to -17,418,703.22 RMB in Q1 2022, indicating a decline in operational cash flow[15] - Total cash inflow from operating activities was 351,470,542.43 RMB, down 39.1% from 577,934,126.42 RMB in the same period last year[15] - The company experienced a significant decrease in cash received from sales, totaling 234,493,037.04 RMB, a drop of 45.5% compared to 430,004,874.41 RMB in Q1 2022[15] - The net cash flow from investing activities was -157,173,517.88 RMB, worsening from -139,616,004.30 RMB year-over-year[15] - Cash and cash equivalents at the end of Q1 2023 stood at 443,453,223.71 RMB, down from 560,622,613.95 RMB at the end of Q1 2022[15] - The net increase in cash and cash equivalents was -189,449,101.40 RMB, compared to -209,031,635.65 RMB in Q1 2022[15] Equity and Shareholder Information - The equity attributable to shareholders increased to ¥2,132,162,225.27, up 0.78% from the end of the previous year[3] - The company’s total equity increased to ¥2,145,906,502.03 from ¥2,129,920,103.91, reflecting a growth of 0.75%[10] - The number of ordinary shareholders at the end of the reporting period was 37,715[7] Borrowings and Financing Activities - The company reported a 46.74% increase in short-term borrowings, primarily due to increased bank loans during the period[4] - The company received 14,509,141.41 RMB from borrowings in Q1 2023, with total cash inflow from financing activities amounting to 14,509,141.41 RMB[15] Operating Costs and Expenses - Total operating costs for Q1 2023 were ¥342,015,608.00, down 12.31% from ¥390,084,092.47 in Q1 2022[12] - Research and development expenses for Q1 2023 were ¥3,382,745.09, slightly down from ¥3,490,417.99 in Q1 2022[12] Investment Income - The company reported an increase in investment income to ¥5,194,211.83 from ¥2,961,382.56 in Q1 2022[12] - The company’s total cash inflow from investment activities was 365,717,518.87 RMB, an increase from 308,841,038.74 RMB year-over-year[15] Government Subsidies - The company received government subsidies amounting to ¥618,352.52 during the period, contributing to non-recurring gains[5]