Financial Performance - For the three months ended March 31, 2023, the company recorded an unaudited net loss of approximately RMB 5.23 million, compared to an unaudited net loss of approximately RMB 5.94 million for the same period in 2022[4]. - The unaudited total revenue for the three months ended March 31, 2023, was approximately RMB 4.17 million, representing about 59% of the unaudited total revenue for the same period in 2022[4]. - The company's operating revenue for the first quarter of 2023 was approximately RMB 4,174,496.67, a decrease of 41.5% compared to RMB 7,092,484.82 in the same period of 2022[33]. - The company recorded a net loss of RMB 5,226,367.17 for the first quarter of 2023, compared to a net loss of RMB 5,936,732.53 in the same period of 2022[33]. - The company reported a net profit attributable to the owners of the parent company of RMB 5,185,226.15 for the three months ended March 31, 2023, compared to RMB 5,878,713.84 for the same period in 2022, reflecting a decrease of approximately 11.8%[110]. - Total revenue for the three months ended March 31, 2023, was approximately RMB 4,050,553.04, a decrease of about 40.0% compared to RMB 6,748,325.11 in the same period of 2022[115]. Assets and Liabilities - Total current assets as of March 31, 2023, amounted to RMB 33,662,770.42, compared to RMB 30,236,087.30 as of December 31, 2022[9]. - The total liabilities as of March 31, 2023, were RMB 86,403,451.81, an increase from RMB 80,248,874.57 as of December 31, 2022[14]. - The total assets as of March 31, 2023, were RMB 93,172,376.01, compared to RMB 92,244,165.94 as of December 31, 2022[14]. - The company's total equity attributable to shareholders as of March 31, 2023, was RMB 4,354,845.36, down from RMB 9,540,071.51 as of December 31, 2022[14]. Cash Flow - The net cash flow from operating activities for the first quarter of 2023 was a negative RMB 2,462,571.33, compared to a negative RMB 1,399,282.24 in the first quarter of 2022[41]. - Cash inflow from operating activities totaled RMB 5,803,117.48, a decrease of 43.6% compared to RMB 10,211,159.80 in the previous year[51]. - Cash received from financing activities amounted to RMB 3,166,700.00, down from RMB 14,200,000.00, representing a decline of 77.7% year-over-year[54]. - The net cash flow from financing activities was RMB 2,684,293.83, compared to RMB 10,769,260.70 in the same period last year, indicating a decrease of 75.1%[56]. - Cash and cash equivalents at the end of the first quarter of 2023 were RMB 2,167,689.57, down from RMB 3,580,646.08 at the end of the first quarter of 2022[42]. Expenses - Sales expenses decreased from approximately RMB 1,794,982.43 in the first quarter of 2022 to RMB 718,132.13 in the first quarter of 2023, representing a reduction of about 60%[21]. - Research and development expenses increased slightly from RMB 1,645,277.06 in the first quarter of 2022 to RMB 1,687,551.15 in the first quarter of 2023, reflecting a growth of about 2.6%[33]. - The total tax and additional charges for Q1 2023 amounted to RMB 7,002.77, a significant drop from RMB 35,975.97 in Q1 2022, indicating a decline of approximately 80.5%[71]. - The company incurred a total of 93,008.66 million in financial expenses in Q1 2023, significantly lower than 195,987.79 million in Q1 2022, reflecting a decrease of about 52.66%[100]. Shareholder Information - As of March 31, 2023, Mr. Xiao Bing holds 550,832,335 shares, representing approximately 44.00% of the total issued domestic shares[161]. - Mr. Chen Ji holds 273,344,804 shares, accounting for approximately 21.84% of the total issued domestic shares[161]. - The company has a significant shareholder structure with major interests held by Mr. Xiao Bing and Mr. Chen Ji[177]. - The company is focused on maintaining transparency in its shareholder interests and potential conflicts of interest[172]. Corporate Governance - The company has complied with the corporate governance code as per GEM listing rules during the reporting period[173]. - The audit committee reviewed the unaudited consolidated results for the three months ending March 31, 2023, ensuring compliance with applicable accounting standards[194]. - The company has adopted a code of conduct for securities trading in accordance with GEM listing rules[193]. Future Plans and Strategies - The company is focused on expanding its market presence and enhancing its product offerings, particularly in mobile communication and data communication sectors[70]. - Future plans include exploring applications of metamaterial technology in various fields such as mobile communication, smart cities, remote sensing technology, automotive radar, drone data transmission, and the Internet of Things[147]. - The group aims to enhance its core competitiveness by continuously enriching and improving its series of metamaterial products[147]. - The group is actively participating in bidding procurement projects for lens communication products, with successful bids in Southwest, Northwest, South China, and North China regions[157].
海天天线(08227) - 2023 Q1 - 季度财报