Costar Group(002189)2023-04-26 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥575,865,452.27, a decrease of 32.19% compared to ¥849,196,317.99 in the same period last year[5]. - The net loss attributable to shareholders was ¥65,323,479.50, representing a decline of 126.11% from a loss of ¥28,890,047.53 in the previous year[5]. - The basic and diluted earnings per share were both -¥0.2496, a decrease of 126.91% from -¥0.11 in the previous year[5]. - The company reported a net loss for the quarter, with total expenses exceeding total revenues[19]. - The net profit for Q1 2023 was -67,779,727.37 CNY, compared to -28,852,686.57 CNY in Q1 2022, indicating a significant increase in losses[20]. - Operating profit for Q1 2023 was -67,762,173.51 CNY, compared to -28,856,403.95 CNY in the same period last year[20]. - The total comprehensive loss for Q1 2023 was -67,779,727.37 CNY, compared to -28,852,686.57 CNY in Q1 2022[21]. Cash Flow and Assets - The net cash flow from operating activities improved by 62.08%, amounting to -¥40,308,786.95 compared to -¥106,302,124.64 in the same period last year[5]. - The total current assets decreased to CNY 2,352,736,073.23 from CNY 2,565,347,645.13 at the beginning of the year, a decline of 8.3%[16]. - The cash and cash equivalents at the end of Q1 2023 were CNY 571,085,782.88, down from CNY 656,014,669.72 at the beginning of the year, a decrease of 12.9%[15]. - Cash and cash equivalents at the end of Q1 2023 were 564,773,418.62 CNY, down from 761,400,555.02 CNY at the end of Q1 2022[24]. Expenses and Liabilities - The total operating costs for Q1 2023 were CNY 641,922,418.08, down from CNY 876,230,918.31 in the previous year, reflecting a reduction of 26.8%[19]. - Sales expenses increased by 35.55%, amounting to an increase of ¥3,386,217.46, attributed to enhanced market development efforts[10]. - Financial expenses rose by 130.72%, totaling an increase of ¥2,947,653.46, mainly due to increased exchange rate losses and reduced interest income[10]. - The total liabilities decreased to CNY 2,052,548,820.24 from CNY 2,196,460,695.26, a reduction of 6.5%[17]. - The total equity attributable to shareholders decreased to CNY 1,280,342,512.50 from CNY 1,346,258,636.56, a decline of 4.9%[17]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 29,382, with the largest shareholder, China Weapon Equipment Group, holding 39.49%[12]. - The company received government subsidies amounting to ¥3,018,355.94 during the reporting period[7]. Operational Focus - The company is focusing on reducing costs and improving operational efficiency in response to the declining revenue trend[19]. - Research and development expenses decreased to 38,439,124.67 CNY from 43,347,187.47 CNY year-over-year, reflecting a reduction of approximately 11.5%[20].