Financial Performance - Operating revenue for Q1 2023 was CNY 32,532,319.86, representing a decrease of 29.18% year-over-year[11]. - Net profit attributable to shareholders for Q1 2023 was CNY 8,616,278.92, down 4.08% from the same period last year[11]. - The basic earnings per share for Q1 2023 was CNY 0.14, a decrease of 26.32% compared to CNY 0.19 in Q1 2022[12]. - The weighted average return on equity based on net profit attributable to shareholders was 1.94%, down from 3.34% in the previous year[12]. - Total operating revenue for Q1 2023 was CNY 32,532,319.86, a decrease from CNY 45,938,914.90 in Q1 2022, representing a decline of approximately 29%[35]. - Net profit for Q1 2023 was CNY 8,521,882.27, compared to CNY 9,416,537.57 in Q1 2022, reflecting a decrease of approximately 9.5%[35]. - The net profit attributable to the parent company for Q1 2023 is CNY 8,528,642.77, an increase from CNY 8,097,302.87 in Q1 2022, representing a growth of approximately 5.3%[40]. - The total comprehensive income for Q1 2023 is CNY 8,528,642.77, up from CNY 8,097,302.87 in Q1 2022, showing a growth of approximately 5.3%[40]. Cash Flow and Investments - The net cash flow from operating activities increased by 176.21% to CNY 4,770,420.90 compared to Q1 2022[11]. - The net cash flow from operating activities for Q1 2023 is CNY 4,770,420.90, a significant improvement from a negative cash flow of CNY -6,259,444.70 in Q1 2022[41]. - The company reported a net cash outflow from investing activities of CNY -41,618,320.13 in Q1 2023, compared to CNY -9,872,792.37 in Q1 2022, indicating increased investment activity[42]. - Total cash inflow from investment activities was $36,401,964.07, compared to $13,750,319.84 in the prior period, reflecting a 164% increase in investment recovery[44]. - Cash outflow for investment activities totaled $78,066,000.00, up from $23,623,112.21, resulting in a net cash flow from investment activities of -$41,664,035.93, worsening from -$9,872,792.37[44]. - The net increase in cash and cash equivalents was -$36,851,613.86, compared to -$15,888,501.12 in the previous period, indicating a decline in liquidity[44]. Assets and Liabilities - Total assets as of March 31, 2023, were CNY 536,785,189.12, a slight increase of 0.03% compared to the end of 2022[11]. - Current assets totaled CNY 391,365,646.70, compared to CNY 388,749,623.35 at the end of 2022, indicating a growth of approximately 0.4%[27]. - Total liabilities decreased to CNY 27,473,315.65 from CNY 34,515,652.39, a reduction of about 20.4%[28]. - Total liabilities as of March 31, 2023, were CNY 85,711,464.07, down from CNY 93,686,338.93 at the end of 2022, showing a reduction of about 8.5%[33]. - Shareholders' equity totaled CNY 442,590,521.98 as of March 31, 2023, an increase from CNY 434,061,879.21 at the end of 2022, representing a growth of approximately 2.4%[33]. Operational Highlights - The company reported a significant decline in revenue due to market demand impacts, leading to restricted sales activities[13]. - The company reported no significant legal disputes or external guarantees during the reporting period[23]. - There were no major related party transactions or asset transfers reported[23]. - The company has not engaged in any share buyback activities during the reporting period[23]. - The company has maintained compliance with all disclosed commitments during the reporting period[23]. Cost Management - Total operating costs for Q1 2023 were CNY 28,884,683.27, down from CNY 36,512,759.74 in Q1 2022, indicating a reduction of about 21%[35]. - Research and development expenses for Q1 2023 are CNY 2,038,706.24, slightly down from CNY 2,075,677.08 in Q1 2022, indicating a focus on cost management[38]. - The company recorded a financial expense of CNY -887,443.43 in Q1 2023, compared to CNY -53,295.39 in Q1 2022, highlighting a significant increase in financial costs[39].
丰安股份(870508) - 2023 Q1 - 季度财报