GETM(SH:600232)2023-04-26 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 258,563,562.94, representing a year-on-year increase of 0.53%[4] - The net profit attributable to shareholders decreased by 35.08% to CNY 8,379,408.05 compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 37.16% to CNY 8,042,523.44[4] - The basic and diluted earnings per share were both CNY 0.023, down 36.11% year-on-year[4] - The weighted average return on equity decreased by 0.437 percentage points to 0.791%[4] - Total operating revenue for Q1 2023 was CNY 258,563,562.94, a slight increase of 0.53% compared to CNY 257,189,984.97 in Q1 2022[16] - Total operating costs for Q1 2023 were CNY 253,066,508.06, up 4.92% from CNY 242,868,336.62 in Q1 2022[16] - Net profit for Q1 2023 was CNY 8,084,868.39, a decrease of 41.5% from CNY 13,793,603.13 in Q1 2022[17] - The company's gross profit margin for Q1 2023 was approximately 2.0%, down from the previous year's margin[16] - Total comprehensive income for Q1 2023 was CNY 8,084,868.39, a decrease from CNY 13,793,603.13 in Q1 2022[18] - Basic and diluted earnings per share for Q1 2023 were CNY 0.023, down from CNY 0.036 in Q1 2022[18] Assets and Liabilities - Total assets at the end of Q1 2023 were CNY 1,622,494,944.90, a decrease of 2.87% from the end of the previous year[5] - Total liabilities decreased to CNY 505,886,633.34 in Q1 2023 from CNY 568,954,146.38 in Q1 2022, a reduction of 11.1%[12] - The total assets decreased to CNY 1,622,494,944.90 in Q1 2023 from CNY 1,670,481,361.68 in Q1 2022, a decline of 2.9%[13] - Shareholder equity attributable to shareholders increased by 1.46% to CNY 1,067,195,570.23 compared to the end of the previous year[5] Cash Flow - The company reported a net cash flow from operating activities of -CNY 83,854,044.73, indicating a significant cash outflow[4] - Net cash flow from operating activities for Q1 2023 was -CNY 83,854,044.73, compared to -CNY 19,337,505.93 in Q1 2022[21] - Cash inflow from operating activities totaled CNY 228,136,420.25, slightly up from CNY 224,568,943.12 in the previous year[20] - Cash outflow from operating activities increased to CNY 311,990,464.98 from CNY 243,906,449.05 in Q1 2022[21] - Net cash flow from investing activities was -CNY 418,356.31, an improvement from -CNY 14,079,275.06 in Q1 2022[22] - Net cash flow from financing activities was CNY 30,218,666.19, compared to -CNY 13,914,352.28 in Q1 2022[22] - The ending balance of cash and cash equivalents was CNY 203,008,667.46, down from CNY 284,596,046.18 at the end of Q1 2022[22] Shareholder Information - The total number of common shareholders at the end of the reporting period was 20,296[7] - Zhejiang Jinying Group Co., Ltd. held 48.58% of the shares, making it the largest shareholder[7] Inventory and Receivables - Accounts receivable increased to CNY 294,337,753.69 in Q1 2023 from CNY 259,563,938.75 in Q1 2022, reflecting a growth of 13.4%[11] - Inventory rose to CNY 595,661,711.73 in Q1 2023, compared to CNY 541,314,325.39 in Q1 2022, indicating an increase of 10.0%[11] Research and Development - The company reported a significant increase in research and development expenses, which rose to CNY 6,018,449.43 in Q1 2023 from CNY 4,164,787.11 in Q1 2022, marking a growth of 44.4%[17] Capital Reserves - The company maintained a stable capital reserve of CNY 395,807,172.37 in Q1 2023, up from CNY 388,810,944.50 in Q1 2022, reflecting a growth of 1.3%[13]