MINDEO(300656)2023-04-24 16:00Financial Performance - The company's revenue for Q1 2023 was ¥73,447,580.39, a decrease of 16.69% compared to ¥88,163,087.56 in the same period last year[4]. - Net profit attributable to shareholders for Q1 2023 was ¥5,935,469.57, down 57.00% from ¥13,803,289.84 year-on-year[4]. - The company's basic earnings per share decreased by 58.23% to ¥0.0378 from ¥0.0905 in the same period last year[4]. - The total operating revenue for Q1 2023 was CNY 73,447,580.39, a decrease of 16.7% compared to CNY 88,163,087.56 in the same period last year[24]. - The net profit attributable to the parent company for Q1 2023 was CNY 5,935,469.57, a decline of 57.0% from CNY 13,803,289.84 in Q1 2022[25]. - The total comprehensive income for Q1 2023 was CNY 4,079,215.89, significantly lower than CNY 13,456,343.96 in the same period last year, reflecting a decline of 69.7%[25]. Cash Flow - The net cash flow from operating activities increased by 66.51% to ¥22,522,640.11, compared to ¥13,526,453.39 in the previous year[4]. - The cash inflow from operating activities was CNY 106,607,029.22, down 14.2% from CNY 124,253,312.30 in Q1 2022[26]. - The cash outflow from operating activities totaled ¥84,084,389.11, down from ¥110,726,858.91 in the previous year, showing a decrease of 24.2%[27]. - Cash inflow from investment activities totaled ¥220,390,162.49, up from ¥145,544,195.89 in the previous year, marking a 51.3% increase[27]. - The net cash flow from investment activities was -¥145,176,246.08, an improvement from -¥499,433,234.18 in Q1 2022[27]. - Cash inflow from financing activities was ¥207,585,140.94, compared to ¥532,173,104.04 in Q1 2022, reflecting a decrease of 61.0%[27]. - The net cash flow from financing activities was ¥176,974,270.89, down from ¥492,619,807.94 in the same quarter last year[27]. - The total cash and cash equivalents at the end of Q1 2023 reached ¥201,693,711.51, significantly higher than ¥40,840,832.29 at the end of Q1 2022[27]. Assets and Liabilities - Total assets at the end of Q1 2023 reached ¥1,724,617,672.77, reflecting a 12.53% increase from ¥1,532,569,199.94 at the end of the previous year[4]. - The company's total liabilities increased to CNY 541,805,777.09 in Q1 2023, compared to CNY 373,713,247.67 in the previous year, reflecting a growth of 45.0%[24]. - The company's total equity reached CNY 1,182,811,895.68 in Q1 2023, up from CNY 1,158,855,952.27 in the previous year, indicating a growth of 2.1%[24]. Investments and Expenses - The decline in revenue and net profit was primarily due to decreased investment income from joint ventures and increased financial expenses from new bank loans[18]. - Financial expenses increased by 143.29% primarily due to reduced interest income and increased interest expenses from bank loans[10]. - Research and development expenses for Q1 2023 amounted to CNY 6,432,639.14, an increase of 9.2% from CNY 5,893,657.22 in the same period last year[24]. - The company incurred tax payments of ¥14,405,065.25 in Q1 2023, a substantial increase from ¥2,594,657.11 in Q1 2022[27]. Future Outlook - The company is expanding its production capacity with the construction of a new wafer foundry, expected to be operational by May 2023[19]. - The company plans to launch new products throughout 2023, which are anticipated to significantly contribute to revenue growth[18].