SPEED(300322)2023-04-27 16:00Financial Performance - The company's revenue for Q1 2023 was ¥350,080,636.23, a decrease of 10.76% compared to ¥392,283,469.71 in the same period last year[4]. - The net profit attributable to shareholders was a loss of ¥26,871,347.64, representing a decline of 1,083.90% from a profit of ¥2,731,107.42 in Q1 2022[4]. - The net cash flow from operating activities was negative at ¥57,960,276.92, a decrease of 185.72% compared to a positive cash flow of ¥67,618,432.11 in the previous year[4]. - The company's basic and diluted earnings per share were both -¥0.06, a decrease of 700.00% from ¥0.01 in Q1 2022[4]. - The weighted average return on equity was -2.21%, down 2.41% from 0.20% in the same period last year[4]. - The company reported a significant increase in financial expenses, which rose by 93.59% to ¥10,043,064.52 due to exchange rate losses[8]. - The company experienced a 66.25% decrease in cash received from operating activities, totaling ¥8,059,354.58 compared to ¥23,878,407.84 in Q1 2022[8]. - The company's net profit for Q1 2023 was -25,231,572.43 CNY, compared to a net profit of 4,809,467.30 CNY in Q1 2022, representing a significant decline[18]. - Operating profit for Q1 2023 was -27,688,904.22 CNY, down from 4,961,079.40 CNY in the same period last year[18]. - The company reported a total comprehensive income of -25,316,703.04 CNY for Q1 2023, compared to 2,532,453.62 CNY in Q1 2022[18]. Assets and Liabilities - The total assets at the end of Q1 2023 were ¥3,063,472,333.27, an increase of 2.31% from ¥2,994,159,895.95 at the end of the previous year[4]. - Current assets totaled CNY 1,798,102,043.16, an increase of 2.45% from CNY 1,755,053,708.50 in the previous period[15]. - Non-current assets amounted to CNY 1,265,370,290.11, reflecting a growth of 2.56% compared to CNY 1,239,106,187.45 last year[15]. - Total liabilities were CNY 1,788,646,598.96, an increase of 5.43% from CNY 1,696,239,359.05 in the previous year[15]. - Shareholders' equity totaled CNY 1,274,825,734.31, down from CNY 1,297,920,536.90, indicating a decrease of 1.78%[15]. - The company reported a decrease in accounts payable to CNY 288,297,313.37 from CNY 314,395,376.85, a reduction of 8.31%[15]. Cash Flow - The net cash flow from financing activities increased by 340.92% to ¥159,874,252.52, attributed to increased borrowings and reduced debt repayments[9]. - Cash and cash equivalents at the end of Q1 2023 were 598,590,726.57 CNY, an increase from 423,645,786.27 CNY at the end of Q1 2022[21]. - The total cash inflow from financing activities in Q1 2023 was 319,827,616.67 CNY, compared to 251,199,000.00 CNY in Q1 2022, reflecting increased financing efforts[21]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 40,702[10]. - The largest shareholder, Tibet Shobeyde Holdings Co., Ltd., holds 78,825,104 shares, accounting for 16.92% of total shares[10]. - The number of shares held by the top ten unrestricted shareholders includes significant holdings by individuals such as Zhu Kunhua and Zhang Haijun[10]. - The company repurchased 4,934,982 shares through its dedicated repurchase account[11]. - The total number of restricted shares at the beginning of the period was 23,308,771, with 920,250 shares released during the period[13]. Operational Insights - Total operating revenue for Q1 2023 was CNY 350,080,636.23, a decrease of 10.75% compared to CNY 392,283,469.71 in the same period last year[17]. - Total operating costs for Q1 2023 were CNY 385,370,623.25, down 5.77% from CNY 409,018,040.67 in the previous year[17]. - Operating costs included CNY 277,852,699.08 in operating expenses, which decreased by 14.19% from CNY 324,110,016.53 year-over-year[17]. - The company has not disclosed any new product developments or market expansion strategies in the current report[12]. - There are no preferred shareholders reported for the current period[12]. Receivables and Financing - Accounts receivable decreased to ¥469,501,386.89 from ¥565,181,899.14, a decline of about 16.9%[13]. - The company has a total of 29,614,868.77 in receivables financing, up from 23,164,250.62, indicating an increase of approximately 27.5%[13]. - Research and development expenses increased to 36,970,873.99 CNY in Q1 2023, up from 31,614,551.17 CNY in Q1 2022, indicating a focus on innovation[18].