ICW(600187)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥66,198,574.67, a decrease of 18.65% compared to the same period last year[5]. - The net profit attributable to shareholders was -¥16,840,938.44, indicating a significant loss[5]. - Total operating revenue for Q1 2023 was ¥66,198,574.67, a decrease of 18.6% compared to ¥81,371,525.67 in Q1 2022[19]. - Net loss for Q1 2023 was ¥18,002,805.25, compared to a net loss of ¥10,299,549.05 in Q1 2022, representing an increase in loss of 74.5%[20]. - The company reported a comprehensive income total of -¥7,419,242.63 for Q1 2023, compared to -¥14,790,475.77 in Q1 2022, indicating an improvement in comprehensive loss[21]. - Basic and diluted earnings per share for Q1 2023 were both -¥0.0104, compared to -¥0.0053 in Q1 2022, reflecting a worsening in per-share loss[21]. Cash Flow - The net cash flow from operating activities was ¥16,162,487.61, with an increase of ¥50,164,900 compared to the previous period[8]. - The company's cash flow statement for Q1 2023 indicates ongoing financial challenges, with significant losses impacting liquidity[22]. - In Q1 2023, the cash inflow from operating activities was approximately $87.24 million, a slight decrease of 1% compared to $89.01 million in Q1 2022[24]. - The net cash flow from operating activities improved significantly to approximately $16.16 million, compared to a negative cash flow of $34.00 million in the same period last year[24]. - The company reported a significant reduction in cash paid for purchasing goods and services, totaling approximately $41.36 million, down 35% from $64.07 million in Q1 2022[24]. - The cash paid to employees decreased to approximately $15.89 million, a reduction of 38% compared to $25.51 million in Q1 2022[24]. - The company experienced a decrease in cash received from other operating activities, totaling approximately $11.31 million, down 67% from $34.78 million in Q1 2022[24]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,974,279,208.29, a decrease of 1.15% from the end of the previous year[6]. - The equity attributable to shareholders decreased by 0.20% to ¥3,159,634,027.06[6]. - The company's total liabilities decreased to ¥801,291,294.09 in Q1 2023 from ¥840,260,092.94 in Q1 2022, a reduction of 4.6%[20]. - The total current liabilities decreased to RMB 555,637,697.18 from RMB 592,660,799.54, indicating a reduction of approximately 6.25%[16]. - The company's accounts receivable increased to RMB 350,697,567.90 from RMB 325,755,498.91, marking an increase of approximately 7.66%[15]. - The company's non-current assets totaled RMB 2,527,005,879.87, down from RMB 2,543,771,628.76, reflecting a decrease of about 0.66%[16]. - The company reported a decrease in trading financial assets from RMB 193,534,016.31 to RMB 99,476,088.30, a decline of approximately 48.54%[15]. - The company’s other receivables decreased to RMB 126,186,999.04 from RMB 167,139,119.37, indicating a reduction of about 24.49%[15]. - The company’s accounts payable decreased to RMB 130,202,874.13 from RMB 145,042,912.66, reflecting a decline of approximately 10.19%[16]. Investments - The company acquired an 18.89% stake in Beijing Huiyuan Food and Beverage Co., Ltd. for a total consideration of RMB 850 million, enhancing its profitability and aligning with its transformation strategy[13]. - The company is in the process of acquiring an additional 3.128% stake in Zhuhai Wenshenghui Investment Co., Ltd. for RMB 50 million, which will increase its indirect ownership in Beijing Huiyuan to 20.7654%[14]. Research and Development - Research and development expenses for Q1 2023 were ¥785,660.10, a decrease of 49.3% from ¥1,553,753.19 in Q1 2022[20].