ARGUS(SH:603790)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥191,526,178.43, representing a decrease of 25.31% compared to the same period last year[5] - The net profit attributable to shareholders was ¥17,556,893.93, down 39.88% year-on-year[5] - The basic earnings per share (EPS) was ¥0.09, reflecting a decline of 40.00% compared to the previous year[5] - The company experienced a significant decline in net profit primarily due to a decrease in operating revenue[9] - The net profit for Q1 2023 was CNY 17,158,246.36, a decrease of 39.8% compared to CNY 28,516,290.24 in Q1 2022[18] - The total comprehensive income attributable to the parent company was CNY 17,502,876.06, down from CNY 29,151,148.10 in the previous year, representing a decline of 40.0%[19] - The basic and diluted earnings per share for Q1 2023 were both CNY 0.09, compared to CNY 0.15 in Q1 2022, reflecting a 40.0% decrease[19] Assets and Liabilities - Total assets at the end of Q1 2023 amounted to ¥1,632,153,886.40, a slight increase of 0.64% from the end of the previous year[6] - Total assets as of March 31, 2023, were RMB 1,632,153,886.40, compared to RMB 1,621,695,747.67 at the end of 2022[17] - Total liabilities as of March 31, 2023, were RMB 357,536,955.30, a slight increase from RMB 364,107,072.45 at the end of 2022[16] Cash Flow - The net cash flow from operating activities was ¥19,942,359.94, with no applicable percentage change reported[5] - Cash flow from operating activities generated a net amount of CNY 19,942,359.94, a significant improvement from a negative cash flow of CNY -4,182,601.01 in the same period last year[20] - Cash flow from investing activities resulted in a net outflow of CNY -26,799,619.71, compared to a larger outflow of CNY -49,206,922.61 in Q1 2022, indicating a reduction in investment losses[21] - Cash flow from financing activities showed a net outflow of CNY -22,636,320.10, worsening from CNY -1,992,522.06 in the previous year[21] Revenue and Costs - Total operating revenue for Q1 2023 was RMB 191,526,178.43, a decrease of 25.3% compared to RMB 256,434,467.25 in Q1 2022[17] - Total operating costs for Q1 2023 were RMB 172,302,576.68, down 21.4% from RMB 218,936,985.51 in Q1 2022[17] - Gross profit margin for Q1 2023 was approximately 10.5%, compared to 15% in Q1 2022[17] - The total revenue from sales of goods and services was CNY 124,511,349.45, an increase of 14.0% from CNY 109,179,375.62 in Q1 2022[20] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 9,454[11] - The largest shareholder, Xie Bing, holds 25.6% of the shares, with 49,083,840 shares pledged[11] Other Financial Metrics - The weighted average return on equity (ROE) was 1.48%, down 40.56% year-on-year[5] - Research and development expenses for Q1 2023 were RMB 9,297,493.74, an increase of 9.7% from RMB 8,477,732.43 in Q1 2022[17] - The company reported non-recurring gains and losses totaling ¥2,048,099.46 after tax[8] - The company reported a decrease in credit impairment losses, amounting to CNY -4,328,990.08, compared to CNY -4,839,136.49 in the previous year[18] - The total assets impairment losses were CNY 2,960,790.29, significantly higher than CNY 578,664.81 in Q1 2022, indicating increased asset write-downs[18] - Cash and cash equivalents as of March 31, 2023, were RMB 169,841,469.42, a decrease from RMB 197,121,608.35 at the end of 2022[14] - Cash and cash equivalents at the end of Q1 2023 were CNY 165,179,718.58, down from CNY 171,515,439.39 at the end of Q1 2022[21] - Accounts receivable increased to RMB 246,171,678.89 as of March 31, 2023, compared to RMB 193,864,190.36 at the end of 2022, indicating a rise of 27%[14] - Inventory as of March 31, 2023, was RMB 387,989,350.35, slightly up from RMB 381,774,656.94 at the end of 2022[15]