VEKEN TECHNOLOGY(SH:600152)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 308,639,894.40, representing a decrease of 33.96% compared to the same period last year[6]. - The net profit attributable to shareholders was a loss of CNY 27,407,577.72, with a basic and diluted earnings per share of -0.0522 CNY[7]. - The company reported a net loss of CNY 281,636,878.22 for the period, compared to a loss of CNY 254,229,300.50 in the previous period[19]. - Total revenue for Q1 2023 was ¥308.64 million, a decrease of 34% compared to ¥467.35 million in Q1 2022[21]. - Net loss for Q1 2023 was ¥29.19 million, compared to a net loss of ¥6.55 million in Q1 2022, indicating a significant increase in losses[22]. - Operating profit for Q1 2023 was -¥32.07 million, worsening from -¥7.84 million in Q1 2022[22]. - Basic and diluted earnings per share for Q1 2023 were both -¥0.0522, compared to -¥0.0125 in Q1 2022[23]. Cash Flow and Assets - The net cash flow from operating activities was CNY 115,188,783.75, indicating a significant cash generation despite the loss[6]. - Cash flow from operating activities for Q1 2023 was ¥115.19 million, a recovery from a negative cash flow of -¥157.61 million in Q1 2022[25]. - The company's cash and cash equivalents stood at CNY 555,231,552.07, slightly down from CNY 565,934,047.01[17]. - The ending cash and cash equivalents balance for Q1 2023 was ¥278.30 million, down from ¥294.18 million in Q1 2022[25]. - Cash inflow from investment activities was ¥182.56 million in Q1 2023, down from ¥326.93 million in Q1 2022[25]. - Cash outflow from investment activities was ¥220.40 million in Q1 2023, compared to ¥336.83 million in Q1 2022[25]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,282,622,964.52, down 5.99% from the end of the previous year[7]. - As of March 31, 2023, the total assets of the company amounted to CNY 3,282,622,964.52, a decrease from CNY 3,491,894,319.58 as of December 31, 2022, representing a decline of approximately 6%[18]. - The company's total current assets were CNY 1,703,786,679.95, down from CNY 1,929,290,631.57, indicating a decrease of about 11.7%[17]. - The total liabilities decreased to CNY 1,408,605,471.23 from CNY 1,594,464,935.16, reflecting a reduction of approximately 11.6%[19]. - The total equity attributable to shareholders decreased to CNY 1,868,387,984.13 from CNY 1,890,021,731.31, a decline of about 1.3%[19]. - The company's short-term borrowings were CNY 160,178,291.67, down from CNY 180,200,902.78, indicating a decrease of approximately 11.2%[19]. - The company’s long-term investments decreased to CNY 34,788,547.70 from CNY 43,522,662.84, a decline of about 20.1%[18]. - Accounts receivable decreased to CNY 307,076,578.58 from CNY 469,545,093.28, a decline of about 34.5%[17]. - Inventory increased to CNY 477,907,833.58 from CNY 421,524,240.40, marking an increase of approximately 13.4%[17]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 75,368[13]. - The largest shareholder, Viko Holdings Group Co., Ltd., held 29.11% of the shares, with 152,778,214 shares[13]. Compliance and Reporting - The company did not conduct an audit for the Q1 financial report[5]. - The report emphasizes the importance of compliance with accounting regulations[26]. - The company has adopted new accounting standards starting in 2023, which may affect the financial statements[26]. - The first quarter report was released on April 28, 2023, indicating a focus on financial transparency[26]. - The report does not apply to the first-time execution of new accounting standards or interpretations affecting the financial statements[26]. - The company aims to enhance its financial reporting practices in line with the new standards[26]. - There are no specific performance metrics or user data disclosed in this report[26]. - Future outlook and performance guidance were not detailed in the provided content[26]. - No new products or technologies were mentioned in the report[26]. - There is no information regarding market expansion or mergers and acquisitions in this document[26]. Financial Ratios - The weighted average return on equity was -1.46%, reflecting the company's current financial challenges[7]. - Total operating costs for Q1 2023 were ¥346.11 million, slightly down from ¥467.17 million in Q1 2022[21].