SERES(SH:601127)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥5,090,601,214.16, representing a decrease of 0.79% compared to the same period last year[4] - The net profit attributable to shareholders of the listed company was -¥625,066,765.13, indicating a significant loss[4] - The basic and diluted earnings per share were both -¥0.42, showing a decline in profitability[4] - Total revenue for Q1 2023 was approximately ¥5.09 billion, a slight decrease of 0.79% compared to ¥5.13 billion in Q1 2022[17] - Total operating costs increased to approximately ¥6.25 billion, up 3.53% from ¥6.04 billion in the same period last year[17] - Net loss for Q1 2023 was approximately ¥889.93 million, compared to a net loss of ¥1.12 billion in Q1 2022, showing an improvement[18] - The company reported a comprehensive loss of approximately ¥900.37 million for Q1 2023, compared to a loss of ¥1.13 billion in Q1 2022[19] - Basic and diluted earnings per share for Q1 2023 were both -¥0.42, compared to -¥0.62 in Q1 2022[19] - The company reported an operating profit of approximately -¥858.42 million, an improvement from -¥1.10 billion in the previous year[18] Cash Flow - The net cash flow from operating activities was -¥2,167,712,503.91, reflecting a decrease due to increased competition in the new energy vehicle market and higher tax payments[7] - In Q1 2023, the company's cash inflow from operating activities totaled CNY 8,417,128,367.24, an increase of 14.8% compared to CNY 7,332,846,528.31 in Q1 2022[20] - The cash outflow from operating activities was CNY 10,584,840,871.15, resulting in a net cash flow from operating activities of -CNY 2,167,712,503.91, compared to -CNY 154,087,919.78 in the same period last year[21] - The company reported cash inflow from investment activities of CNY 2,128,371,898.79, significantly up from CNY 242,227,310.85 in Q1 2022[21] - The net cash flow from investment activities was -CNY 178,585,687.00, an improvement from -CNY 1,088,375,163.59 in the previous year[21] - Cash inflow from financing activities amounted to CNY 2,256,868,998.91, compared to CNY 2,117,855,634.69 in Q1 2022[22] - The net cash flow from financing activities was CNY 1,912,213,779.46, an increase from CNY 1,238,411,990.32 year-over-year[22] - The company's cash and cash equivalents at the end of Q1 2023 were CNY 1,880,805,745.93, down from CNY 1,315,660,803.99 at the end of Q1 2022[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥44,397,714,463.24, down 5.63% from the end of the previous year[5] - As of March 31, 2023, the total assets amounted to RMB 44,397,714,463.24, a decrease from RMB 47,047,589,173.86 as of December 31, 2022, reflecting a decline of approximately 5.5%[13] - The total current assets decreased to RMB 24,226,909,004.26 from RMB 26,975,972,779.67, representing a decline of about 10.3%[14] - The company's total liabilities decreased to approximately ¥35.49 billion from ¥37.25 billion year-over-year[15] - The total equity attributable to shareholders decreased to approximately ¥10.79 billion from ¥11.42 billion in the previous year[15] - The company's total liabilities and equity amounted to approximately ¥44.40 billion, down from ¥47.05 billion year-over-year[16] Shareholder Information - The top shareholder, Chongqing Xiaokang Holdings Co., Ltd., holds 26.28% of the shares, with a total of 393,457,893 shares[9] - The company reported a total of 138,442 common shareholders at the end of the reporting period[9] Research and Development - The company has ongoing research and development efforts, with development expenditures reported at RMB 1,574,433,520.48, up from RMB 1,352,355,992.12, reflecting an increase of approximately 16.4%[14] - Research and development expenses increased to approximately ¥345.70 million, up 22.93% from ¥281.16 million in Q1 2022[17] Inventory and Borrowings - Inventory increased to RMB 4,527,296,459.95 from RMB 3,992,865,090.61, marking an increase of around 13.4%[13] - Short-term borrowings rose to RMB 2,866,012,119.44 from RMB 2,078,656,419.46, reflecting an increase of approximately 37.9%[14] - Accounts payable decreased to RMB 7,901,374,127.04 from RMB 9,558,566,230.48, a decline of about 17.3%[14] - Contract liabilities decreased to RMB 634,675,038.72 from RMB 962,942,319.15, indicating a decrease of approximately 34.1%[14] Goodwill - The company’s goodwill remained stable at RMB 65,011,991.71, unchanged from the previous period[14]