SY Science&Technology(603703)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥197,856,784.78, representing a decrease of 2.21% compared to the same period last year[4]. - The net profit attributable to shareholders was ¥5,311,842.33, showing an increase of 2.05% year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥1,368,422.16, a decline of 132.09% compared to the previous year[4]. - The net cash flow from operating activities was ¥15,666,667.76, down 33.85% year-on-year[4]. - Total operating revenue for Q1 2023 was ¥197,856,784.78, a decrease of 2.3% compared to ¥202,323,673.78 in Q1 2022[21]. - Total operating costs for Q1 2023 were ¥202,819,227.16, an increase of 1.1% from ¥200,401,941.13 in Q1 2022[21]. - The company reported a net profit margin of -2.0% for Q1 2023, compared to a net profit margin of 0.1% in Q1 2022[21]. - In Q1 2023, the net profit attributable to shareholders of the parent company was CNY 5,311,842.33, an increase from CNY 5,204,948.65 in Q1 2022, representing a growth of approximately 2.05%[22]. - The total comprehensive income for Q1 2023 was CNY 6,014,439.80, compared to CNY 4,594,438.80 in Q1 2022, indicating an increase of about 30.9%[23]. - Operating cash flow for Q1 2023 was CNY 15,666,667.76, down from CNY 23,682,241.72 in Q1 2022, reflecting a decrease of approximately 33.8%[26]. - The company reported a total revenue from sales of goods and services of CNY 151,305,276.43 in Q1 2023, compared to CNY 193,304,861.53 in Q1 2022, a decline of about 21.8%[25]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,899,535,660.81, a decrease of 1.24% from the end of the previous year[5]. - The equity attributable to shareholders increased to ¥843,748,452.63, reflecting a growth of 0.69% compared to the previous year[5]. - Total assets as of March 31, 2023, were ¥1,899,535,660.81, down from ¥1,923,381,503.70 at the end of 2022, a decrease of 1.2%[19]. - Total liabilities as of March 31, 2023, were ¥1,037,916,219.28, a decrease of 2.7% from ¥1,066,869,563.51 at the end of 2022[19]. - Total current assets decreased to ¥715,662,819.07 from ¥741,814,937.22, a decline of approximately 3.9%[30]. - Total liabilities decreased to ¥892,331,108.59 from ¥906,758,421.22, a decline of approximately 1.6%[31]. Cash Flow - Cash and cash equivalents as of March 31, 2023, were ¥482,316,400.33, down from ¥500,650,471.26 as of December 31, 2022, representing a decrease of 3.7%[17]. - The cash and cash equivalents at the end of Q1 2023 were CNY 522,769,824.69, compared to CNY 492,014,748.53 at the end of Q1 2022, showing an increase of approximately 6.3%[27]. - The net cash flow from operating activities was 47,508,876.86 in Q1 2022[35]. - Total cash inflow from investing activities was 88,475,632.16 in the same period last year[35]. - The net cash flow from investing activities was -34,617,087.40 in Q1 2022, indicating a significant decline[36]. - Cash inflow from financing activities totaled 629,000,000.00 in Q1 2022[36]. - The net cash flow from financing activities was 153,931,365.56 in the previous year[36]. - The ending balance of cash and cash equivalents was 340,307,774.84 in Q1 2022[36]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 17,965[8]. - The company aims to enhance its market position and operational capabilities through this acquisition[10]. - The restructuring is part of the company's broader strategy to expand its business and improve shareholder value[10]. Restructuring and Acquisitions - The company plans to acquire 100% equity of Beijing Zhongjiao Tongxin Technology Co., Ltd. from the Transportation Communication Information Group through a combination of issuing shares and cash payment[10]. - The transaction is expected to constitute a major asset restructuring, with the company's stock suspended since November 1, 2021, pending the completion of the restructuring process[10]. - The company has been actively organizing relevant parties to advance the restructuring work during the suspension period[11]. - The board of directors approved the asset purchase and fundraising plan on November 12, 2021, and disclosed related documents on November 13, 2021[11]. - The company has received inquiries from the Shanghai Stock Exchange regarding the restructuring plan, with responses provided in subsequent announcements[12]. - The restructuring process has been progressing smoothly, with multiple updates issued from November 2021 to June 2022[12]. - The company is committed to complying with relevant laws and regulations in disclosing the progress of the transaction[12]. - The completion of the transaction is subject to the evaluation and approval processes, which have caused delays in the timeline[12]. Operational Efficiency - The company experienced a 41.88% increase in construction in progress, attributed to the expansion of 5G communication tower facilities[6]. - The company’s financial expenses rose by 130.10%, mainly due to fluctuations in the exchange rate of the Renminbi[6]. - Research and development expenses increased to CNY 9,398,692.99 in Q1 2023 from CNY 8,905,727.30 in Q1 2022, marking an increase of approximately 5.5%[22]. - The company’s financial expenses rose significantly to CNY 10,567,054.44 in Q1 2023, compared to CNY 4,592,431.21 in Q1 2022, representing an increase of about 130.3%[22]. - Research and development expenses for Q1 2023 were ¥2,646,222.48, down from ¥3,260,447.83 in Q1 2022, a decrease of approximately 18.8%[32]. - Operating profit for Q1 2023 was ¥1,751,241.06, compared to an operating loss of ¥6,152,286.49 in Q1 2022, indicating improved operational efficiency[33].