SHHG(603131)2023-04-25 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 203,193,593.94, a decrease of 17.95% compared to the same period last year[5]. - The net profit attributable to shareholders was CNY 6,968,452.09, down 34.76% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 4,080,439.13, a decline of 39.36% compared to the previous year[5]. - Basic and diluted earnings per share were both CNY 0.02, representing a decrease of 33.33%[6]. - The weighted average return on equity was 0.55%, a decrease of 0.21 percentage points from the previous year[6]. - The company's net profit for Q1 2023 was not explicitly stated, but the decrease in revenue and costs suggests a challenging financial environment[19]. - In Q1 2023, the company's net profit was CNY 6,826,768.02, a decrease of 31.8% compared to CNY 10,020,665.31 in Q1 2022[21]. - The total profit for Q1 2023 was CNY 6,955,468.12, down 43.5% from CNY 12,373,655.83 in the same period last year[21]. - Operating profit for Q1 2023 was CNY 6,834,989.22, a decline of 44.1% compared to CNY 12,295,544.51 in Q1 2022[21]. Cash Flow and Investments - The net cash flow from operating activities was negative CNY 50,414,405.49, indicating a cash outflow[5]. - Cash flow from operating activities in Q1 2023 was negative CNY 50,414,405.49, an improvement from negative CNY 61,522,770.15 in Q1 2022[24]. - Cash inflow from investment activities in Q1 2023 was CNY 293,949,285.55, compared to CNY 142,444,427.56 in Q1 2022, marking a significant increase[24]. - The net cash flow from investment activities was CNY 11,639,922.02 in Q1 2023, a recovery from negative CNY 79,353,838.95 in the previous year[24]. - The company reported a total cash outflow from financing activities of CNY 2,505,125.10 in Q1 2023, compared to CNY 2,230,477.71 in Q1 2022[25]. - The company received CNY 290,000,000.00 from investment recoveries in Q1 2023, significantly higher than CNY 140,000,000.00 in Q1 2022[24]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,332,186,337.86, an increase of 0.50% from the end of the previous year[6]. - Total assets as of March 31, 2023, were CNY 2,332,186,337.86, compared to CNY 2,320,479,238.81 at the end of 2022, a slight increase of 0.5%[18]. - Total liabilities amounted to CNY 1,059,471,629.07, up from CNY 1,055,101,064.96, indicating a growth of 0.4%[17]. - The company's cash and cash equivalents decreased to CNY 338,512,496.58 from CNY 458,995,031.74, a decline of 26.2%[15]. - The company's cash and cash equivalents at the end of Q1 2023 stood at CNY 391,946,349.75, up from CNY 278,684,859.78 at the end of Q1 2022[25]. - Accounts receivable increased to CNY 413,225,687.24 from CNY 398,246,946.30, showing a growth of 3.0%[15]. - Inventory rose to CNY 394,297,763.21, up from CNY 340,369,607.82, representing a 15.8% increase[16]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 29,629[11]. - The company reported a total equity of CNY 1,272,714,708.79 as of March 31, 2023, compared to CNY 1,265,378,173.85 at the end of 2022, reflecting a growth of 0.6%[18]. Operating Costs and Expenses - Total operating revenue for Q1 2023 was CNY 203,193,593.94, a decrease of 18.0% compared to CNY 247,635,674.24 in Q1 2022[19]. - Total operating costs for Q1 2023 were CNY 204,781,821.62, down from CNY 241,417,197.89 in Q1 2022, reflecting a reduction of 15.2%[19]. - Research and development expenses for Q1 2023 were CNY 11,736,884.13, slightly up from CNY 11,641,490.81 in Q1 2022, indicating continued investment in innovation[19]. - The company reported a decrease in gross profit margin due to lower sales revenue compared to the same period last year[9]. - Non-recurring gains and losses amounted to CNY 2,888,012.97, with significant contributions from government subsidies and other non-operating income[9].