FLDT(SH:600228)2023-04-28 16:00Financial Performance - The company's revenue for Q1 2023 was ¥78,441,081.12, representing a year-on-year increase of 19.33%[4] - The net profit attributable to shareholders was a loss of ¥337,137.60, with a net profit excluding non-recurring items of ¥671,929.60, both figures not applicable for year-on-year comparison[4] - The company's net profit for the first quarter of 2023 was approximately 8.1648 million RMB, achieving only 3.27% of the target net profit of 24.95 million RMB for the year[14] - Operating profit for Q1 2023 was ¥567,724.74, a significant recovery from a loss of ¥5,799,886.03 in Q1 2022[19] - Net profit for Q1 2023 was a loss of ¥337,137.60, improving from a loss of ¥6,057,696.57 in Q1 2022[20] - Basic and diluted earnings per share for Q1 2023 were both -¥0.0005, compared to -¥0.0074 in Q1 2022[20] Cash Flow and Liquidity - The net cash flow from operating activities was negative at ¥10,283,751.50, a decrease of 152.40% compared to the same period last year[4] - Cash flow from operating activities for Q1 2023 was not detailed in the provided documents, indicating a need for further analysis[21] - Total cash inflow from operating activities was $112,055,982.61, while cash outflow was $122,339,734.11, resulting in a net cash outflow of $10,283,751.50[23] - Cash and cash equivalents as of March 31, 2023, were 407,492,697.14 RMB, down from 419,512,363.86 RMB at the end of 2022[15] - The company’s cash and cash equivalents decreased by $12,292,605.36 during the quarter, compared to an increase of $19,450,450.21 in the previous year[24] - The company paid $28,688,658.70 in employee compensation, which was lower than the previous year's $35,762,670.55[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,333,282,036.87, down 2.93% from the previous year[4] - Total current assets as of March 31, 2023, amounted to 1,204,725,059.96 RMB, a decrease from 1,243,243,202.47 RMB at the end of 2022[15] - Total liabilities for Q1 2023 were ¥201,958,809.78, down from ¥226,675,117.32 in the previous period[17] - Total equity attributable to shareholders was ¥1,131,323,227.09, a decrease from ¥1,146,892,691.21[17] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 24,214[8] - The top shareholder, Shanghai Xiangrui Enterprise Management Consulting Partnership, holds 22.78% of the shares[8] - The top ten shareholders include Jiangxi Changjiu Group Co., Ltd. with 61,733,394 shares and Chen Jun with 20,800,000 shares[11] Business Operations and Strategy - The company faced challenges in its traditional business due to seasonal fluctuations and increased competition in the advertising market[12] - The company is focusing on innovation in the internet consumption sector, particularly in artificial intelligence, to enhance user shopping experiences and decision-making[13] - A new e-commerce guide application is currently in internal testing, with no related revenue generated yet[13] - The company has committed to investing in innovative business areas, which has impacted net profit during the reporting period[13] - The increase in operating cash outflow was primarily due to higher payments to channel promotion suppliers compared to the same period last year[6] Non-Recurring Items - The company reported non-recurring gains of ¥334,792.00, after accounting for tax effects[5] - The company reported a credit impairment loss of ¥1,447,948.91, down from ¥2,217,808.45 in the previous year[19]