GH-Tech(000004)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥21,255,770.69, representing an increase of 88.71% compared to ¥11,263,731.80 in the same period last year[5] - The net profit attributable to shareholders was -¥7,427,185.74, a 40.92% improvement from -¥12,571,613.62 year-on-year[5] - The company's basic and diluted earnings per share improved to -¥0.0559, a 30.65% increase from -¥0.0806 in the same period last year[5] - The net loss for Q1 2023 was CNY 7,655,727.60, compared to a net loss of CNY 12,946,683.63 in Q1 2022, showing an improvement of approximately 40%[23] Cash Flow - The net cash flow from operating activities was -¥29,931,171.95, slightly worse than -¥28,414,235.00 in the previous year, reflecting a decrease of 5.34%[5] - Cash inflow from operating activities totaled CNY 36,931,896.60, down from CNY 51,728,687.66 in Q1 2022, a decline of approximately 28.6%[25] - The net cash flow from investment activities was -40,045,752.76 CNY, compared to -34,870,414.60 CNY in Q1 2022, indicating a decline in investment performance[26] - The net increase in cash and cash equivalents for Q1 2023 was -69,976,924.71 CNY, compared to -63,744,054.30 CNY in Q1 2022, indicating a worsening cash position[26] Assets and Liabilities - Total assets at the end of the reporting period were ¥535,315,712.87, down 6.96% from ¥575,390,741.06 at the end of the previous year[5] - The company's total liabilities decreased significantly, with expected liabilities dropping by 82.97% to ¥678,890.50, primarily due to litigation payments[11] - The total liabilities decreased to CNY 190,451,558.85 in Q1 2023 from CNY 222,870,859.44 in Q1 2022, a reduction of approximately 14.5%[22] - The total equity attributable to shareholders of the parent company was CNY 345,074,277.59, down from CNY 352,501,463.33 in the previous year, a decrease of about 2.0%[22] Operating Costs - The company reported a significant increase in operating costs, which rose by 85.56% to ¥8,317,123.75, attributed to business growth[11] - Total operating costs for Q1 2023 were CNY 27,984,194.05, up from CNY 24,683,944.19 in the same period last year, indicating a rise of about 9.3%[22] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 14,734[12] Strategic Initiatives - The company signed a strategic cooperation framework agreement with Shandong Postal Engineering Co., Ltd., with a planned contract amount of no less than RMB 300 million over three years[16] - The company’s strategic focus includes enhancing urban information technology construction through partnerships[16] Other Financial Metrics - The company's cash and cash equivalents decreased by 54.21% to ¥59,114,569.97 due to increased procurement payments and investment in financial products[11] - The company's accounts receivable stood at RMB 293,634,878.01, slightly down from RMB 303,028,300.15 at the start of the year[17] - The company’s accounts payable decreased from RMB 112,351,437.07 to RMB 90,977,238.05 during the same period[18] - The company’s other receivables increased slightly from RMB 27,421,592.90 to RMB 27,815,633.91[17] - The company did not undergo an audit for the Q1 2023 report, which may affect the reliability of the financial data presented[27]