Financial Performance - Revenue for the first quarter of 2023 reached CNY 254,035.40, marking a 55.25% increase from CNY 163,628.29 in the same period last year[9]. - Net profit attributable to shareholders was a loss of CNY 72,601,501.99, an improvement of 2.17% compared to a loss of CNY 74,214,708.75 in Q1 2022[9]. - The company reported a net loss of ¥1,041,710,399.33 for Q1 2023, worsening from a loss of ¥976,529,955.74 in Q1 2022[52]. - The total comprehensive income for Q1 2023 was -72,601,501.99, compared to -74,214,708.75 in Q1 2022, showing a slight improvement[54]. - The operating profit for Q1 2023 was -71,723,565.45, compared to -74,214,708.75 in Q1 2022, indicating a reduction in losses[54]. - Total operating costs for Q1 2023 were ¥72,072,542.78, down from ¥74,433,093.98 in Q1 2022, indicating a reduction of about 3.2%[53]. Cash Flow and Liquidity - Operating cash flow improved by 46.33%, with a net cash flow of -CNY 58,503,524.33 compared to -CNY 108,997,638.58 in the previous year[10]. - The net cash flow from operating activities for the first quarter of 2023 was -46,401,172.86 CNY, compared to -103,459,182.36 CNY in the same period of 2022, indicating an improvement of approximately 55%[60]. - Total cash inflow from financing activities in Q1 2023 was 280,770,000.00 CNY, significantly higher than 0 CNY in Q1 2022[60]. - The cash inflow from sales of goods and services was 1,094,994.89 CNY in Q1 2023, a significant increase from 3,000.00 CNY in Q1 2022[59]. - Cash outflows for operating activities totaled 53,411,256.84 CNY in Q1 2023, down from 107,718,960.55 CNY in Q1 2022, indicating a reduction of about 50%[60]. Assets and Liabilities - Total assets increased by 15.14% to CNY 1,592,673,826.20 as of March 31, 2023, compared to CNY 1,383,301,275.21 at the end of 2022[9]. - The company's total liabilities as of March 31, 2023, were CNY 366,802,936.79, up from CNY 352,279,455.76 at the end of 2022, marking an increase of about 4.3%[47]. - The company's debt-to-asset ratio decreased to 15.84% from 18.27% year-over-year[9]. - The total liabilities to total assets ratio as of March 31, 2023, is approximately 23.0%, indicating a stable leverage position[47]. - The company's current assets totaled CNY 804,607,545.54 as of March 31, 2023, compared to CNY 734,952,072.66 at the end of 2022, indicating an increase of about 9.5%[45]. Research and Development - R&D expenses decreased, contributing to the improved cash flow and overall financial performance[11]. - Research and development expenses for Q1 2023 amounted to ¥53,212,594.76, compared to ¥62,699,458.05 in Q1 2022, reflecting a decrease of approximately 15.2%[53]. - As of March 31, 2023, the company capitalized development expenditures amounting to RMB 28,457,495.82, with R&D expenses accounting for 72% of total expenditures[37]. - The company’s major operating activities focus on R&D, which significantly impacts the consolidated financial statements[37]. Shareholder and Corporate Governance - The total number of ordinary shares increased to 140,600,000, with significant changes in the shareholding structure[16]. - The major shareholder, Tianlangxing Holdings Group, holds 21.49% of the company's shares[20]. - The company has implemented an employee incentive plan, which has been approved by the shareholders[23]. - The company has completed timely disclosures regarding external guarantees and other significant related transactions[23]. - The company received approval from the China Securities Regulatory Commission for a public offering of shares to unspecified qualified investors, valid for 12 months from January 20, 2023[30]. Regulatory and Legal Matters - The company has no ongoing litigation or arbitration matters during the reporting period[23]. - The company has not faced any investigations or penalties during the reporting period[23]. - The company has successfully executed its commitment to timely disclosures as per regulatory requirements[23].
康乐卫士(833575) - 2023 Q1 - 季度财报