IFLYTEK(SZ:002230)2023-04-20 16:00Financial Performance - The company's revenue for Q1 2023 was 288.87 million yuan, a decrease of 17.64% compared to the same period last year[3]. - The net profit attributable to shareholders was -57.89 million yuan, representing a decline of 152.26% year-on-year[3]. - The net profit for Q1 2023 was -95,017,393.57 CNY, compared to a net profit of 100,935,971.64 CNY in the same period last year, indicating a significant decline[23]. - Operating profit for Q1 2023 was -76,999,284.83 CNY, down from 160,992,440.21 CNY in Q1 2022[23]. - Total revenue from sales of goods and services was 3,670,585,463.86 CNY, a decrease from 4,697,116,036.37 CNY in Q1 2022[24]. - The basic earnings per share for Q1 2023 was -0.03 CNY, compared to 0.05 CNY in the same quarter last year[24]. - The total comprehensive income attributable to the parent company was -58,183,794.74 CNY, down from 110,326,910.80 CNY in Q1 2022[24]. Cash Flow and Financial Position - The net cash flow from operating activities was -166.84 million yuan, a decrease of 41.13% compared to the previous year[3]. - Cash flow from operating activities showed a net outflow of -1,668,421,855.81 CNY, compared to -1,182,202,908.03 CNY in the previous year[26]. - Cash and cash equivalents at the end of Q1 2023 were 3,037,505,515.10 CNY, down from 3,543,242,534.39 CNY at the end of Q1 2022[27]. - The company reported a total cash outflow from investing activities of -279,711,247.87 CNY, compared to -297,012,287.13 CNY in the previous year[26]. - The net cash inflow from financing activities was 817,207,221.72 CNY, contrasting with a net outflow of -520,030,542.26 CNY in Q1 2022[26]. Assets and Liabilities - Total assets at the end of the reporting period were 31.72 billion yuan, down 3.48% from the end of the previous year[3]. - The company's total assets decreased to RMB 31,715,175,704.12 from RMB 32,859,139,720.02, a decline of 3.5%[16]. - Total liabilities decreased to RMB 14,973,626,339.49 from RMB 16,012,075,909.17, representing a reduction of 6.5%[12]. - Cash and cash equivalents stood at RMB 4,346,384,857.27, reflecting a decrease from RMB 4,346,384,857.27[10]. - Accounts receivable decreased to RMB 9,735,357,732.53 from RMB 9,869,741,661.00, a decline of 1.4%[11]. - Inventory increased to RMB 2,882,859,098.62 from RMB 2,729,104,742.44, showing an increase of 5.6%[11]. - The company's equity attributable to shareholders decreased to RMB 16,349,486,135.53 from RMB 16,400,047,819.43, a decline of 0.3%[15]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 208,725[8]. - The largest shareholder, China Mobile Communications Corporation, holds 10.66% of the shares[8]. Expenses and Investments - The company's financial expenses increased by 219.18% year-on-year, primarily due to higher interest expenses[7]. - The investment income increased by 1861.22% year-on-year, mainly from the sale of stocks[7]. - Research and development expenses increased to RMB 715,732,056.50, compared to RMB 676,670,061.01 in the previous year, indicating a growth of 5.8%[20]. Future Outlook - The company expects to achieve positive revenue and gross profit growth starting from Q2 2023, driven by progress in domestic substitution and business expansion[4]. - The company initiated a special project for cognitive intelligence model development, which is expected to enhance product competitiveness and create new opportunities in the internet industry[4]. Other Financial Metrics - The company reported a foreign exchange loss of -4,423,139.26 CNY during the quarter[26].