NCE(605111)2023-04-26 16:00Revenue and Profit Performance - Revenue for the reporting period was RMB 373,676,238.37, a decrease of 11.15% year-over-year[1] - Net profit attributable to shareholders of the listed company was RMB 64,952,655.75, a decrease of 42.20% year-over-year[1] - Net profit attributable to parent company shareholders was 64,952,655.75 RMB in Q1 2023, down from 112,378,569.94 RMB in Q1 2022[32] - Net comprehensive income attributable to the parent company's owners was RMB 64,952,655.75, compared to RMB 112,378,569.94 in the previous period[33] - The decrease in net profit was primarily due to lower market demand and reduced sales scale and gross margin compared to the same period last year[5] Earnings Per Share (EPS) - Basic earnings per share (EPS) was RMB 0.31, a decrease of 45.61% year-over-year[1] - Basic and diluted earnings per share were RMB 0.31, down from RMB 0.57 in the previous period[33] Cash Flow - Net cash flow from operating activities was RMB 19,251,651.94, a decrease of 60.65% year-over-year[1] - Net cash flow from operating activities was RMB 19,251,651.94, a decrease from RMB 48,921,990.91 in the previous period[35] - Net cash received from selling goods and providing services was 404,288,417.57 RMB in Q1 2023, down from 425,950,421.21 RMB in Q1 2022[25] - Total operating cash inflow was 427,780,849.46 RMB in Q1 2023, compared to 434,386,291.64 RMB in Q1 2022[25] - Net cash flow from investing activities was negative RMB 211,083,449.45, compared to positive RMB 35,167,083.62 in the previous period[35] - Net cash flow from financing activities was negative RMB 1,023,352.61, compared to positive RMB 95,945,976.64 in the previous period[35] - Total cash and cash equivalents at the end of the period were RMB 2,360,631,519.60, down from RMB 2,553,632,852.48 at the beginning of the period[35] Assets and Liabilities - Total assets at the end of the reporting period were RMB 4,017,332,030.77, an increase of 0.70% compared to the end of the previous year[3] - Total assets were RMB 4,017,332,030.77, a slight increase from RMB 3,989,496,638.01 in the previous period[36] - Total current assets were RMB 3,456,146,179.67, down from RMB 3,468,572,227.60 in the previous period[41] - Total non-current assets were RMB 561,185,851.10, up from RMB 520,924,410.41 in the previous period[41] - Total liabilities decreased to 524,913,670.02 RMB from 537,616,026.03 RMB[23] Equity - Equity attributable to shareholders of the listed company was RMB 3,404,098,922.71, an increase of 1.23% compared to the end of the previous year[3] - Total owner's equity was RMB 3,492,418,360.75, slightly up from RMB 3,451,880,611.98 in the previous period[36] R&D and Government Subsidies - R&D expenses for the reporting period were RMB 27,062,216.25, an increase compared to RMB 16,947,476.66 in the same period last year[12] - Government subsidies recognized in the current period amounted to RMB 1,162,397.58[5] Impairment Losses - Credit impairment loss was -584,360.97 RMB in Q1 2023, improved from -1,450,089.13 RMB in Q1 2022[32] - Asset impairment loss was -5,659,972.84 RMB in Q1 2023, significantly higher than -617,800.85 RMB in Q1 2022[32] Operating and Total Profit - Operating profit was 71,588,829.92 RMB in Q1 2023, down from 131,262,555.64 RMB in Q1 2022[32] - Total profit was 71,636,297.20 RMB in Q1 2023, compared to 131,269,356.78 RMB in Q1 2022[32] Income Tax - Income tax expense was 7,859,330.26 RMB in Q1 2023, down from 18,890,786.84 RMB in Q1 2022[32] Contract Liabilities - Contract liabilities increased to 10,376,462.93 RMB, up from 8,218,779.85 RMB[23] Financial Reporting Details - The company's financial statements for the first quarter of 2023 were unaudited[4] - The company's consolidated cash flow statement for Q1 2023 is provided[46] - The financial report for Q1 2023 is officially announced on April 26, 2023[45] - The company's Q1 2023 report covers the period from January to March 2023[42] - The Q1 2023 report is labeled as the "2023 First Quarter Report"[43][44]