Financial Performance - Operating revenue for Q1 2023 was CNY 55,437,814.48, a decline of 16.36% year-on-year[11] - Net loss attributable to shareholders was CNY 8,609,992.51, compared to a loss of CNY 693,181.60 in the same period last year[11] - Total revenue for Q1 2023 was ¥55,437,814.48, a decrease of 16.3% compared to ¥66,282,387.02 in Q1 2022[39] - Net loss for Q1 2023 was ¥8,618,494.20, compared to a net loss of ¥693,181.60 in Q1 2022, reflecting a significant decline in profitability[41] - Basic and diluted earnings per share for Q1 2023 were both -¥0.05, compared to -¥0.01 in Q1 2022, indicating a worsening financial performance[41] - The net profit for Q1 2023 was a loss of ¥9,993,128.23, compared to a loss of ¥2,440,306.16 in Q1 2022, indicating a significant increase in losses[44] Cash Flow - Cash flow from operating activities showed a net inflow of CNY 3,009,893.79, a significant improvement from a net outflow of CNY 5,710,766.14 in the previous year[11] - The cash flow from operating activities for Q1 2023 was ¥3,009,893.79, a recovery from a negative cash flow of ¥5,710,766.14 in Q1 2022[48] - Cash inflow from sales of goods and services was $61,013,910.28 in Q1 2023, compared to $58,904,791.88 in Q1 2022, showing an increase of approximately 3.8%[49] - Total cash outflow from operating activities decreased to $59,347,245.39 in Q1 2023 from $67,332,091.63 in Q1 2022, a reduction of about 11.5%[49] Assets and Liabilities - Total assets decreased by 3.64% to CNY 445,670,616.54 compared to the end of last year[11] - The total assets as of March 31, 2023, amounted to CNY 445,670,616.54, a decrease from CNY 462,516,123.70 at the end of 2022[31] - Total current liabilities decreased to CNY 112,257,956.80 from CNY 122,462,017.46, a reduction of about 8.9%[32] - The total liabilities decreased to CNY 129,142,138.55 from CNY 138,169,151.51, indicating a decline of approximately 6.9%[33] - The equity attributable to shareholders decreased to CNY 315,736,979.68 from CNY 324,346,972.19, a decrease of about 2.0%[33] Shareholder Information - The company reported a total of 5,590 shareholders holding ordinary shares at the end of the reporting period[17] - The company reported a total shareholding of 116,059,887 shares, with a percentage of 73.79% held by major shareholders[22] - The largest shareholder, Tang Xuwen, holds 98,700,000 shares, representing 62.75% of total shares[19] - The second-largest shareholder, Haiyan Jinyi Management Consulting Co., Ltd., holds 10,200,000 shares, accounting for 6.49%[19] - The total number of shares held by shareholders with over 5% ownership is 108,900,000 shares[22] Expenses - Sales expenses increased by 47.46% year-on-year, driven by the expansion in the precision metal components for new energy vehicles[14] - Management expenses rose by 30.12% year-on-year, reflecting the hiring of a skilled management team for the new energy vehicle sector[14] - Total operating costs for Q1 2023 were ¥64,413,962.52, slightly down from ¥66,351,004.52 in Q1 2022, indicating a cost reduction strategy[40] - Operating costs for Q1 2023 were ¥38,226,241.74, down from ¥41,303,779.72 in Q1 2022, reflecting a reduction of 7.5%[44] Investment and Development - Investment income surged by 8600.72% year-on-year, primarily due to increased returns from financial products held by the company[14] - Research and development expenses for Q1 2023 were ¥3,581,897.27, compared to ¥3,086,849.31 in Q1 2022, highlighting a focus on innovation[40] - Research and development expenses increased to ¥3,218,307.62 in Q1 2023 from ¥2,539,366.32 in Q1 2022, representing a growth of 26.8%[44] - The company has not reported any new product developments or technological advancements in this period[24] Future Outlook - Future outlook remains cautious with no specific guidance provided for upcoming quarters[24] - There are no announcements regarding market expansion or mergers and acquisitions[24] Other Information - The company has no preferred stock applicable for the current period[23] - The company has no ongoing litigation or arbitration matters during the reporting period[26] - The company has fulfilled all disclosed commitments without any overdue obligations[26] - The company has maintained a stable shareholding structure with no significant changes reported[22]
荣亿精密(873223) - 2023 Q1 - 季度财报