SCIYON(002380)2023-04-25 16:00Revenue and Profitability - Revenue for Q1 2023 reached ¥282,187,257.28, an increase of 13.77% compared to ¥248,035,260.54 in the same period last year[4] - Net profit attributable to shareholders was ¥10,138,108.81, representing a significant increase of 121.41% from ¥4,578,813.84 year-on-year[4] - The net profit excluding non-recurring gains and losses surged by 685.51% to ¥8,258,498.79 from ¥1,051,358.38 in the previous year[4] - Basic and diluted earnings per share both improved to ¥0.04, up 111.00% from ¥0.02 in the same quarter last year[4] - The net profit for Q1 2023 was CNY 9,813,466.39, a significant increase from CNY 2,453,543.97 in Q1 2022, representing a growth of approximately 300%[18] - The operating profit for the quarter was CNY 9,257,631.50, compared to CNY 3,637,015.42 in the same period last year, indicating a year-over-year increase of about 155%[18] - The total profit before tax was CNY 9,178,683.99, compared to CNY 3,602,720.26 in the same period last year, representing an increase of approximately 154%[18] Assets and Liabilities - Total assets decreased by 4.87% to ¥2,821,058,459.40 from ¥2,965,570,404.98 at the end of the previous year[4] - Total current assets decreased to RMB 2,152,061,591.28 from RMB 2,292,768,129.81, a decline of 6.13%[14] - Total liabilities decreased to RMB 1,142,125,459.80 from RMB 1,296,450,871.77, indicating a reduction of 11.91%[15] - The company's total assets were RMB 2,821,058,459.40, down from RMB 2,965,570,404.98, a decrease of 4.85%[15] - The company reported a significant reduction in short-term borrowings, which fell to RMB 8,859,685.35 from RMB 63,416,129.06, a decrease of 86.00%[14] Cash Flow and Investments - Cash flow from operating activities showed a net outflow of ¥36,739,263.96, worsening by 19.32% compared to a net outflow of ¥30,791,772.72 in the previous year[4] - The cash flow from operating activities showed a net outflow of CNY -36,739,263.96, compared to CNY -30,791,772.72 in the previous year, indicating a worsening cash flow situation[20] - The investment activities resulted in a net cash outflow of CNY -40,897,780.43, compared to CNY -572,778.39 in the previous year, indicating increased investment expenditures[22] Operating Costs and Expenses - Total operating costs for Q1 2023 were RMB 276,429,777.43, up from RMB 252,502,534.58, reflecting a year-on-year increase of 9.47%[17] - Research and development expenses for Q1 2023 amounted to RMB 32,010,766.94, which is a 17.88% increase from RMB 27,255,834.53 in the previous year[17] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 36,062[10] - The company maintained a stable capital reserve of RMB 1,376,321,079.70, unchanged from the previous period[15] Credit and Impairment - The company reported a 194% increase in credit impairment losses due to higher provisions for bad debts[9] - The company incurred a credit impairment loss of CNY -3,671,899.87, significantly higher than CNY -1,248,070.54 in the previous year, reflecting increased credit risk[18] Government Subsidies - The company received government subsidies amounting to ¥1,593,144.92, which were closely related to its normal business operations[6] Financial Assets - The increase in trading financial assets was 33.32%, attributed to the rise in wealth management products during the reporting period[8] Comprehensive Income - The total comprehensive income for the quarter was CNY 9,813,466.39, compared to CNY 2,453,543.97 in Q1 2022, marking a substantial increase[19] Cash and Cash Equivalents - Cash and cash equivalents at the end of Q1 2023 were RMB 364,318,288.33, down from RMB 483,038,375.68 at the beginning of the year, representing a decrease of 24.66%[13] - The cash and cash equivalents at the end of the period were CNY 108,345,588.82, down from CNY 168,481,514.04 at the end of Q1 2022, showing a decrease of about 36%[22] Sales and Services Revenue - Total revenue from sales and services received was CNY 189,552,187.16, down from CNY 286,316,703.71 in the previous year, reflecting a decrease of approximately 34%[20]