Zhejiang Furun(SH:600070)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 39,042,749.76, representing a decrease of 0.95% compared to the same period last year[3]. - The net profit attributable to shareholders was a loss of CNY 44,827,468.75, with a diluted earnings per share of -CNY 0.09[3]. - The net cash flow from operating activities was -CNY 86,730,179.44, indicating a significant cash outflow[3]. - Total operating revenue for Q1 2023 was ¥39,042,749.76, a decrease of 0.95% compared to ¥39,418,874.28 in Q1 2022[17]. - The net loss for Q1 2023 was ¥44,258,769.87, an improvement from a net loss of ¥112,603,143.87 in Q1 2022, representing a reduction of approximately 60.7%[18]. - The operating profit (loss) for Q1 2023 was -¥40,600,882.75, compared to -¥100,100,126.83 in Q1 2022, indicating a significant reduction in losses[17]. - The total equity attributable to shareholders was ¥1,182,587,931.72, a decrease from ¥1,227,415,400.47 in Q1 2022[17]. - Basic earnings per share for Q1 2023 were -¥0.09, compared to -¥0.21 in Q1 2022[18]. Assets and Liabilities - Total assets decreased by 6.72% from the end of the previous year, amounting to CNY 1,694,376,375.44[4]. - The company's current assets totaled ¥970,713,876.88, down from ¥1,088,260,719.38 at the end of 2022, indicating a decrease of about 10.8%[11]. - Cash and cash equivalents were reported at ¥34,276,995.46, significantly lower than ¥80,727,698.48 at the end of 2022, reflecting a decline of approximately 57.5%[11]. - The total liabilities decreased to ¥970,713,876.88 from ¥1,088,260,719.38, reflecting a decline of about 10.8%[12]. - The company reported a total liability of ¥519,472,940.10 as of Q1 2023, down from ¥597,263,439.07 in the previous year[17]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 29,384[7]. - The largest shareholder, Furun Holdings Group Co., Ltd., holds 19.96% of the shares, with 47,000,000 shares pledged[8]. - Zhejiang Zhuji Huifeng Venture Capital Co., Ltd. holds 4.98% of the shares, with 25,000,000 shares pledged[8]. Cash Flow and Expenses - The cash flow statement for Q1 2023 is yet to be detailed, indicating ongoing financial management efforts[19]. - In Q1 2023, cash inflow from sales reached ¥37,441,375.42, a significant increase from ¥27,228,905.26 in Q1 2022, representing a growth of approximately 37.5%[20]. - The net cash flow from financing activities was -¥21,238,194.47 in Q1 2023, compared to -¥3,502,440.04 in Q1 2022, reflecting a decline in financing efficiency[21]. - The company paid ¥17,374,954.63 in employee compensation in Q1 2023, which is a significant increase from ¥10,407,163.62 in Q1 2022, marking a rise of about 66.5%[20]. - Tax payments surged to ¥56,316,310.22 in Q1 2023, compared to only ¥7,659,776.37 in Q1 2022, indicating a rise of approximately 635%[20]. - The cash outflow for purchasing fixed assets was recorded at ¥57,000.00 in Q1 2023, indicating ongoing investment in infrastructure[21]. Operational Costs - Total operating costs decreased significantly to ¥46,318,118.15, down 26% from ¥62,607,776.60 in the same period last year[17]. - Research and development expenses decreased to ¥2,856,439.05, down 75% from ¥11,421,820.54 in the same quarter last year[17]. - The company experienced a significant reduction in financial expenses, which fell to ¥1,246,747.29 from ¥2,427,627.83 in Q1 2022[17]. - The company reported a total cash outflow from operating activities of ¥125,352,549.81 in Q1 2023, compared to ¥70,012,701.57 in Q1 2022, reflecting increased operational costs[20]. Future Outlook - The company has not disclosed any new product developments or market expansion strategies in the current report[10]. - There are no significant changes in the company's future outlook or performance guidance provided in the report[10].