THEC(BJ:833509)2023-04-25 16:00Financial Performance - Operating revenue for the first quarter of 2023 was CNY 28,553,021.21, down 8.22% year-on-year from CNY 31,111,912.21[12] - Net profit attributable to shareholders for the first quarter of 2023 was CNY 3,637,730.15, a decline of 52.44% compared to CNY 7,648,618.66 in the same period last year[12] - The basic earnings per share decreased by 57.14% to CNY 0.03 from CNY 0.07 in the previous year[12] - Total operating revenue for Q1 2023 was CNY 28,553,021.21, a decrease of 8.1% from CNY 31,111,912.21 in Q1 2022[41] - Net profit for Q1 2023 was CNY 3,556,002.13, down 53.5% from CNY 7,643,083.69 in Q1 2022[43] - The company's net profit for Q1 2023 was CNY 3,797,137.64, a decrease of 67.24% compared to CNY 11,586,683.24 in Q1 2022[46] - The total comprehensive income for Q1 2023 was CNY 3,797,137.64, down from CNY 11,586,683.24 in Q1 2022, reflecting a decrease of 67.24%[47] Cash Flow - The net cash flow from operating activities improved by 31.67% year-on-year, amounting to CNY -10,073,616.00[15] - Cash flow from operating activities for Q1 2023 was negative at CNY -10,073,616.00, an improvement from CNY -14,742,823.07 in Q1 2022[50] - The cash inflow from operating activities totaled ¥35,691,321.28, an increase of 54% compared to ¥23,173,996.06 in the previous year[53] - The net cash flow from operating activities was -¥8,278,673.51, improving from -¥13,242,295.13 year-over-year[53] - The cash inflow from investment activities was ¥46,440,599.21, down 79% from ¥225,882,881.46 in the same period last year[53] - The net cash flow from investment activities was ¥2,116,080.56, a decrease of 91% compared to ¥23,148,891.62 in the previous year[53] Assets and Liabilities - Total assets as of March 31, 2023, were CNY 385,578,345.16, a decrease of 3.89% compared to the end of the previous year[12] - Total current assets amounted to CNY 242,882,736.82, a decrease of 9.25% from CNY 267,663,873.02 on December 31, 2022[33] - Total non-current assets rose to CNY 142,695,608.34, an increase of 6.67% from CNY 133,502,346.85[34] - Total current liabilities decreased to CNY 49,435,436.00, down 30.16% from CNY 70,805,027.90[35] - Total liabilities decreased to CNY 52,089,815.21 from CNY 73,430,322.38, a reduction of 29.16%[35] - Shareholders' equity increased to CNY 333,488,529.95, up 1.15% from CNY 327,735,897.49[35] Research and Development - Research and development expenses increased by 51.11% year-on-year, totaling CNY 191.52 million, primarily due to new R&D projects[14] - Research and development expenses rose to CNY 5,662,272.09, an increase of 51.1% from CNY 3,747,077.66 in Q1 2022[42] - Research and development expenses increased to CNY 5,107,195.52 in Q1 2023, compared to CNY 3,503,981.74 in Q1 2022, reflecting a growth of 45.73%[46] Shareholder Information - The total number of ordinary shares at the end of the reporting period is 108,748,114 shares[20] - The top ten shareholders hold a total of 74,419,556 shares, representing 68.42% of the total shares[21] - Zhao Haohua is the largest shareholder with 13,457,400 shares, accounting for 12.37% of the total shares[21] - The company has implemented a stock incentive plan, granting 3,005,000 restricted shares to 80 core employees[26] - The number of core employees holding shares decreased by 29,690, resulting in a total of 1,144,196 shares held[20] Other Financial Information - The company reported a significant increase in tax and additional charges, which rose by 34.18% year-on-year, amounting to CNY 13.27 million[14] - Non-recurring gains and losses for the first quarter totaled CNY 2,166,575.17, with a net amount after tax of CNY 1,832,731.87[18] - The company reported a decrease in investment income to CNY 420,599.21 from CNY 1,002,339.08 in Q1 2022[42] - Other income for Q1 2023 was CNY 2,373,999.30, significantly higher than CNY 796,176.93 in Q1 2022[42] - The company experienced a credit impairment loss of CNY 280,942.94, compared to CNY 15,450.92 in the same period last year[42] - The company incurred financial expenses of CNY -322,469.89 in Q1 2023, compared to CNY -125,205.25 in Q1 2022, showing a significant increase in financial costs[46] Legal and Compliance - The company has no significant litigation or arbitration matters during the reporting period[25] - There are no external guarantees or loans provided by the company during the reporting period[25] - The company has fulfilled all commitments regarding share circulation restrictions and voluntary lock-ups[29] - The company has not conducted any share buybacks during the reporting period[25] - The financial report has not been audited[32]