SMAC(SH:600073)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥5,745,811,085.01, a decrease of 11.21% compared to ¥6,471,111,159.14 in the same period last year[5] - Net profit attributable to shareholders was ¥200,502,316.92, down from ¥201,884,922.64, reflecting a decrease of 0.68%[6] - The net profit for Q1 2023 was CNY 178,247,511.14, a decrease of 42.5% compared to CNY 310,061,475.30 in Q1 2022[20] - The company's operating profit for Q1 2023 was CNY 259,130,570.46, down 48.6% from CNY 503,045,903.29 in Q1 2022[20] - The total revenue from operating activities was CNY 5,140,353,611.69, down 12.5% from CNY 5,877,079,274.78 in the same period last year[23] - The company reported a total comprehensive income of CNY -143,487,873.99 for Q1 2023, contrasting with CNY 371,234,251.65 in Q1 2022[21] Cash Flow and Liquidity - The net cash flow from operating activities was -¥319,996,177.11, compared to -¥102,981,180.08 in the previous year, indicating a significant decline[6] - The company's cash and cash equivalents as of March 31, 2023, were CNY 3,458,643,607.19, a decrease of 10.3% from CNY 3,857,024,753.53 at the end of 2022[15] - Cash and cash equivalents at the end of Q1 2023 stood at CNY 3,444,127,593.92, a decrease from CNY 3,435,360,051.31 at the end of Q1 2022[25] - The total cash inflow from financing activities was CNY 1,019,809,665.60, a decrease from CNY 1,475,772,753.94 in Q1 2022[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥14,747,604,006.47, a decrease of 4.10% from ¥15,792,866,740.61 at the end of the previous year[6] - Total assets decreased to CNY 14,747,604,006.47 from CNY 15,377,592,956.93, a decline of 4.1%[18] - Total liabilities as of March 31, 2023, were CNY 7,756,336,452.63, down from CNY 8,242,837,529.10, a reduction of 5.9%[17] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 53,212[11] - The largest shareholder, Shanghai Yimin Food Factory (Group) Co., Ltd., holds 31.82% of the shares, totaling 298,386,000 shares[11] - The equity attributable to shareholders increased slightly by 0.76% to ¥4,882,506,074.30 from ¥4,845,803,429.07[6] - The total equity attributable to shareholders was CNY 4,882,506,074.30, slightly up from CNY 4,845,803,429.07, indicating a growth of 0.8%[18] Operating Costs and Expenses - Total operating costs for Q1 2023 were CNY 5,466,122,823.95, down from CNY 6,136,142,111.37 in Q1 2022, reflecting a reduction of 10.9%[18] - Research and development expenses increased to CNY 9,472,060.18 in Q1 2023 from CNY 6,769,942.02 in Q1 2022, representing a growth of 39.9%[18] - The company incurred a foreign exchange loss of CNY -157,319,121.04 in Q1 2023, compared to a gain of CNY 30,109,837.49 in Q1 2022[21] - The company reported an increase in employee compensation payments to CNY 865,740,450.97, up from CNY 802,118,979.09 in the previous year[24] Accounting Adjustments - The company has made retrospective adjustments to its accounting policies as of March 28, 2023, affecting data from December 31, 2022, and Q1 2022[6]