360 Security Technology (601360)2023-04-21 16:00Financial Performance - The company's operating revenue for Q1 2023 was RMB 1,965,765, a decrease of 22.17% compared to the same period last year[4] - The net profit attributable to shareholders of the listed company was a loss of RMB 186,292, representing a decline of 183.99% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of RMB 194,214, down 202.03% from the previous year[4] - Basic earnings per share for Q1 2023 were RMB (0.03), a decrease of 200.00% compared to the same period last year[5] - The company reported a significant decline in net profit primarily due to a decrease in operating revenue and investment losses from associates[8] - Total operating revenue for Q1 2023 was CNY 1,965,765, a decrease of 22.2% compared to CNY 2,525,721 in Q1 2022[18] - Net profit for Q1 2023 was a loss of CNY 189,304, compared to a profit of CNY 214,978 in Q1 2022[20] - The total profit for Q1 2023 was a loss of CNY 106,541, compared to a profit of CNY 316,422 in Q1 2022[18] Assets and Liabilities - Total assets at the end of Q1 2023 were RMB 38,855,488, an increase of 0.62% from the end of the previous year[5] - As of March 31, 2023, the total assets of the company amounted to RMB 38,855,488 thousand, an increase from RMB 38,615,763 thousand as of December 31, 2022[14] - The company's total equity attributable to shareholders decreased slightly to RMB 31,606,735 thousand from RMB 31,733,458 thousand, a decline of approximately 0.40%[17] - Total current liabilities increased to RMB 6,026,590 thousand from RMB 5,658,609 thousand, representing a rise of about 6.51%[16] - The company’s total liabilities increased to RMB 7,307,430 thousand from RMB 6,937,970 thousand, representing an increase of about 5.34%[16] Cash Flow - The net cash flow from operating activities was RMB 5,495, with no applicable year-on-year comparison[4] - Cash flow from operating activities generated a net amount of CNY 5,495, a significant improvement from a net outflow of CNY 310,701 in Q1 2022[21] - Cash inflow from operating activities totaled CNY 2,777,309, down from CNY 3,022,948 in Q1 2022[21] - Net cash flow from investing activities was (739,971) thousand, compared to 1,667,123 thousand in the previous period[22] - Cash inflow from financing activities totaled 1,507,288 thousand, while cash outflow was 864,607 thousand, resulting in a net cash flow of 642,681 thousand[22] - The ending balance of cash and cash equivalents was 5,929,306 thousand, down from 6,042,765 thousand at the beginning of the period[22] - The company reported a net increase in cash and cash equivalents of (113,459) thousand, compared to an increase of 1,981,668 thousand in the previous period[22] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 328,800[9] Expenses - Total operating costs for Q1 2023 were CNY 1,973,270, down 13.3% from CNY 2,275,766 in Q1 2022[18] - Research and development expenses increased to CNY 747,302, up 6.8% from CNY 699,536 in Q1 2022[18] - The company reported a decrease in sales expenses to CNY 461,481, down 4.0% from CNY 480,601 in Q1 2022[18] Other Comprehensive Income - Other comprehensive income after tax for Q1 2023 was CNY 59,569, a significant recovery from a loss of CNY 473,303 in Q1 2022[20] Accounting Standards - The company did not apply new accounting standards or interpretations for the first quarter of 2023[23]