CEET(SZ:002579)2023-04-25 16:00Financial Performance - The company's revenue for Q1 2023 was ¥607,775,861.39, a decrease of 16.04% compared to ¥723,844,343.33 in the same period last year[5] - The net loss attributable to shareholders was ¥62,075,412.24, representing a significant decline of 1,148.92% from a profit of ¥5,918,026.64 in the previous year[5] - Basic and diluted earnings per share were both -¥0.10, a drop of 1,100.00% from ¥0.01 in the same quarter last year[5] - The company reported a net profit margin decline due to increased operating costs and reduced revenue[17] - The net profit for Q1 2023 was -62,075,412.24 CNY, compared to a net profit of 5,918,026.64 CNY in Q1 2022, representing a significant decline[18] - Operating profit for Q1 2023 was -61,949,766.74 CNY, down from 2,879,309.64 CNY in the same period last year[18] - The company reported a total comprehensive loss of -62,963,168.91 CNY for Q1 2023, compared to a comprehensive income of 6,366,574.54 CNY in Q1 2022[19] Cash Flow and Operating Activities - The net cash flow from operating activities decreased by 58.68%, amounting to ¥57,384,455.97 compared to ¥138,865,604.22 in Q1 2022[5] - Cash flow from operating activities was 57,384,455.97 CNY, down from 138,865,604.22 CNY in the previous year[22] - Cash and cash equivalents at the end of Q1 2023 were 201,422,427.91 CNY, down from 304,680,038.33 CNY at the end of Q1 2022[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥6,573,706,269.26, down 1.10% from ¥6,646,930,956.10 at the end of the previous year[5] - The company's total assets as of March 31, 2023, amounted to CNY 6,573,706,269.26, a decrease from CNY 6,646,930,956.10 at the beginning of the year[15] - Current assets totaled CNY 2,106,362,581.49, down from CNY 2,223,667,667.66 at the start of the year[14] - Non-current assets increased to CNY 4,467,343,687.77 from CNY 4,423,263,288.44 at the beginning of the year[14] - Total liabilities were CNY 3,947,259,218.23, slightly down from CNY 3,961,687,352.89 at the beginning of the year[15] - The company's equity attributable to shareholders was CNY 2,626,447,051.03, down from CNY 2,685,243,603.21 at the start of the year[15] - Short-term borrowings increased to CNY 479,996,690.77 from CNY 450,831,800.97 at the beginning of the year[15] Operating Costs and Expenses - Total operating costs for Q1 2023 were CNY 670,767,272.34, down 7.7% from CNY 726,568,718.87 year-on-year[17] - The company incurred financial expenses of 22,691,737.69 CNY in Q1 2023, an increase from 17,319,614.14 CNY in Q1 2022[18] - The company experienced a decrease in sales expenses, which were 13,075,162.47 CNY in Q1 2023, down from 17,232,645.22 CNY in Q1 2022[18] - Research and development expenses for Q1 2023 were 36,092,200.06 CNY, compared to 40,186,855.03 CNY in Q1 2022, indicating a reduction of approximately 10%[18] Other Income and Financing - The company reported a 47.87% decrease in other income, totaling ¥4,132,919.47 compared to ¥7,928,743.14 in the previous year[9] - Financial expenses increased by 31.02%, reaching ¥22,691,737.69 compared to ¥17,319,614.14 in the same period last year[9] - The company experienced a 48.53% increase in receivables financing, amounting to ¥210,212,146.47, attributed to an increase in notes receivable[8] - The company reported a 187.32% increase in prepayments, totaling ¥15,647,479.27, due to higher advance payments for raw materials[8] - Contract liabilities decreased by 48.97%, amounting to ¥3,637,847.29, primarily due to a reduction in pre-receipts from sales[8]