CSI(SH:600158)2023-04-24 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥236,684,334.29, representing a year-on-year increase of 15.41%[3] - The net profit attributable to shareholders was -¥50,787,072.63, with a net profit excluding non-recurring items of -¥49,251,908.75[3] - The net cash flow from operating activities was -¥296,956,744.63, a decrease of 286.94% compared to the same period last year[3] - Total operating revenue for Q1 2023 was CNY 236,684,334.29, an increase of 15.4% compared to CNY 205,076,815.50 in Q1 2022[16] - Operating profit for Q1 2023 was a loss of CNY 54,498,326.00, compared to a loss of CNY 58,893,965.83 in Q1 2022, indicating an improvement[16] - The total revenue for Q1 2023 was -50,705,838.86 CNY, compared to -56,263,624.33 CNY in Q1 2022, indicating an improvement of approximately 9.2% year-over-year[17] - The company reported a basic and diluted earnings per share of -0.0529 CNY for Q1 2023, slightly better than -0.0548 CNY in Q1 2022[17] - Net profit for Q1 2023 was CNY -12,164,524.91, compared to CNY -8,362,099.64 in Q1 2022, showing a worsening financial performance[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥7,124,785,474.99, down 1.39% from the end of the previous year[4] - Total liabilities decreased to CNY 3,793,908,827.52 from CNY 3,846,323,305.18, a reduction of 1.4%[14] - The total assets as of March 31, 2023, were 2,391,443,176.25 CNY, a decrease from 2,411,529,901.32 CNY at the end of 2022[23] - The total liabilities as of Q1 2023 were CNY 291,942,514.23, compared to CNY 299,864,714.39 in the previous period, indicating a slight reduction[25] - Total liabilities reached RMB 3,871,643,901.20, with current liabilities accounting for RMB 3,575,985,996.24[34] Shareholder Information - Shareholders' equity attributable to shareholders was ¥2,478,467,737.76, a decrease of 2.05% from the previous year-end[4] - The number of ordinary shareholders at the end of the reporting period was 85,849[9] - The top shareholder, the State Sports General Administration Sports Fund Management Center, holds 19.49% of the shares[9] - The company's equity attributable to shareholders was RMB 2,530,427,141.42, showing a slight decrease of RMB 1,172,331.03[34] - The total equity as of Q1 2023 was CNY 2,099,500,662.02, compared to CNY 2,111,665,186.93 in the previous period, showing a decrease in shareholder equity[25] Research and Development - Research and development expenses increased by 257.15%, primarily due to the increase in R&D projects and labor costs[6] - Research and development expenses increased significantly to CNY 15,816,155.77, up from CNY 4,428,492.78 in Q1 2022, reflecting a growth of 257.5%[16] Cash Flow and Investments - Cash and cash equivalents decreased to CNY 2,580,167,008.23 as of March 31, 2023, down from CNY 2,827,225,468.35 at the end of 2022, a decline of 8.7%[12] - Cash flow from operating activities for Q1 2023 was CNY -39,255,650.71, a significant decrease from CNY 2,146,663.29 in Q1 2022[28] - The cash inflow from investment activities was 23,210,735.16 CNY in Q1 2023, compared to -13,595,675.24 CNY in Q1 2022, showing a positive turnaround[20] - The company reported a net cash outflow from investing activities of CNY -12,880,544.66 in Q1 2023, compared to CNY -10,174,800.00 in Q1 2022, indicating increased investment expenditures[29] Operational Costs - Total operating costs for Q1 2023 were CNY 298,574,703.84, up 15.4% from CNY 258,597,638.22 in Q1 2022[16] - The company incurred operating expenses of 609,014,931.39 CNY in Q1 2023, compared to 593,741,608.68 CNY in Q1 2022, reflecting an increase of approximately 2.5%[19] - The company incurred management expenses of CNY 11,351,650.58 in Q1 2023, up from CNY 8,215,469.27 in Q1 2022, indicating increased operational costs[25] Other Information - The company did not report any new product launches or technological developments during this quarter[11] - The report was officially announced by the board of directors on April 21, 2023[38]