CJS(SH:600176)2023-04-20 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥3,671,172,468.58, representing a decrease of 28.48% compared to the same period last year[4] - The net profit attributable to shareholders was ¥921,110,923.14, down 49.84% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥494,061,284.34, a decline of 65.74% compared to the previous year[4] - The basic earnings per share for the period was ¥0.2301, reflecting a decrease of 49.84% year-on-year[4] - The net profit for Q1 2023 was CNY 950,044,082.86, a decrease of 49.7% compared to CNY 1,889,582,687.36 in Q1 2022[17] - The total revenue for Q1 2023 was CNY 1,133,760,626.82, down from CNY 2,243,027,591.24 in the same period last year, reflecting a decline of 49.5%[17] - The total comprehensive income for Q1 2023 was CNY 875,202,156.76, compared to CNY 1,871,018,865.87 in Q1 2022, reflecting a decline of 53.3%[18] - The company reported a net investment loss of CNY 17,926,514.16 in Q1 2023, contrasting with a gain of CNY 1,355,736.46 in Q1 2022[17] Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥1,111,485,956.03, indicating a significant cash outflow[4] - The company reported a significant decrease in cash flow from operating activities, totaling CNY 2,204,142,786.27 in Q1 2023, compared to CNY 4,831,668,225.05 in Q1 2022, a decline of 54.4%[19] - The total cash inflow from investment activities was 596,565,127.25, down from 3,791,562,634.06 in the prior period[20] - The net cash flow from financing activities increased to 2,339,444,296.21, compared to 1,275,188,123.74 previously[20] - The total cash and cash equivalents at the end of the period amounted to 3,888,357,372.36, a decrease from 4,106,788,007.27[20] - The cash outflow for operating activities totaled 3,315,628,742.30, compared to 3,496,137,004.13 in the previous period[20] - The cash outflow for investment activities was 541,958,477.03, down from 4,509,141,441.57[20] - The cash inflow from borrowing was 3,403,123,004.37, compared to 4,952,215,354.23 in the previous period[20] - The cash paid for debt repayment was 2,999,100,431.75, a decrease from 3,494,183,179.43[20] - The net increase in cash and cash equivalents was 1,258,580,655.36, compared to 1,880,054,547.77 previously[20] Assets and Liabilities - The total assets at the end of the reporting period were ¥51,450,513,964.96, an increase of 5.79% from the end of the previous year[5] - Total assets reached ¥51,450,513,964.96, an increase from ¥48,633,670,688.89, reflecting a growth of 3.8%[14] - Total liabilities amounted to ¥21,777,822,009.24, up from ¥19,836,180,889.93, indicating an increase of 9.8%[14] - Non-current assets totaled ¥37,190,739,937.94, compared to ¥36,716,972,132.38, showing a growth of 1.3%[13] Operational Insights - The decline in profits was attributed to a decrease in product prices, leading to a lower gross margin[7] - The company reported a net profit margin decline due to reduced revenue and increased costs, impacting overall profitability[15] - The company plans to focus on market expansion and new product development in the upcoming quarters to drive growth[15] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 138,830[8] Research and Development - Research and development expenses increased to CNY 149,243,706.55, up from CNY 138,331,705.42, representing an increase of 7.0% year-over-year[17] Financial Expenses - The financial expenses decreased to CNY 80,373,685.63 in Q1 2023 from CNY 122,373,636.59 in Q1 2022, a reduction of 34.3%[17] - The tax expenses for Q1 2023 were CNY 179,833,722.91, down from CNY 355,470,504.55 in Q1 2022, a decrease of 49.5%[17]