SUNSEA(002313)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥634,652,184.06, a decrease of 26.30% compared to ¥861,156,311.15 in the same period last year[5] - The net profit attributable to shareholders was a loss of ¥72,653,545.73, representing a decline of 48.84% from a loss of ¥48,812,075.41 in the previous year[5] - The net profit for Q1 2023 was -72,683,053.55 CNY, compared to -49,534,291.33 CNY in Q1 2022, representing an increase in net loss of approximately 46.7% year-over-year[20] - Operating revenue from sales of goods and services was 729,622,511.56 CNY, down from 931,318,892.12 CNY in the previous year, indicating a decrease of about 21.7%[21] - Total comprehensive income for Q1 2023 was -61,116,811.55 CNY, compared to -49,728,912.97 CNY in the same quarter last year[20] Cash Flow and Liquidity - The net cash flow from operating activities improved by 21.14%, amounting to -¥34,041,627.85 compared to -¥43,168,012.72 in the previous year[5] - The company reported a net cash outflow from operating activities of -34,041,627.85 CNY, an improvement from -43,168,012.72 CNY in Q1 2022[21] - Cash and cash equivalents decreased to ¥308,166,338.26 from ¥416,238,444.71, representing a decline of approximately 26.0%[15] - Cash and cash equivalents at the end of the period were 180,133,105.14 CNY, down from 470,073,033.77 CNY at the end of Q1 2022, reflecting a decrease of approximately 61.7%[22] - The total cash inflow from financing activities was 407,272,824.16 CNY, compared to 732,743,650.42 CNY in Q1 2022, indicating a decline of approximately 44.4%[22] Assets and Liabilities - The total assets at the end of the reporting period were ¥4,553,462,019.23, down 6.70% from ¥4,880,217,192.64 at the end of the previous year[5] - Total liabilities decreased to ¥3,959,305,588.59 from ¥4,224,943,950.45, reflecting a decline of approximately 6.3%[17] - The equity attributable to shareholders decreased by 9.24%, totaling ¥600,209,104.75 compared to ¥661,296,408.48 at the end of the previous year[5] - The company reported a net loss of ¥1,816,031,915.77 in equity attributable to shareholders, compared to a loss of ¥1,743,378,370.04 at the beginning of the year[17] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 15,074, with the largest shareholder holding 27.74% of the shares[10] Expenses - Total operating costs for Q1 2023 were ¥696,032,821.71, down from ¥918,201,861.05, reflecting a reduction of about 24.2% year-over-year[19] - Research and development expenses totaled 65,036,052.66 CNY, a decrease of 10.6% from 72,688,454.05 CNY in the same period last year[20] - The company incurred financial expenses of 27,786,101.34 CNY, down from 30,365,990.41 CNY in the previous year, marking a decrease of about 8.5%[20] Credit and Impairment - The company reported a significant increase in credit impairment losses by 2943.83% due to delayed receivables from certain engineering projects[9] Stock Exchange and Regulatory Matters - The company is actively responding to an inquiry from the Shenzhen Stock Exchange regarding its 2022 annual report[13] - The company has applied to the Shenzhen Stock Exchange to lift the delisting risk warning, pending approval[12] Earnings Per Share - The basic and diluted earnings per share were both -¥0.1941, a decrease of 49.31% from -¥0.130 in the same period last year[5] - The basic and diluted earnings per share for Q1 2023 were both -0.1941 CNY, compared to -0.130 CNY in Q1 2022[21] Foreign Exchange - The company experienced a foreign exchange loss of -1,838,695.24 CNY during the quarter, compared to -2,737,978.51 CNY in the previous year[22] Inventory and Receivables - Accounts receivable increased slightly to ¥1,373,306,975.68 from ¥1,389,082,595.38, indicating a marginal decrease of about 1.1%[15] - Inventory decreased to ¥609,235,003.83 from ¥749,214,029.04, showing a reduction of approximately 18.7%[16] Return on Equity - The weighted average return on equity was -11.63%, a decline of 9.13% from -2.50% in the previous year[5]