GLCC(SH:600234)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥11,463,696.20, representing a decrease of 68.54% compared to the same period last year[5] - The net profit attributable to shareholders was a loss of ¥5,021,747.04, down 74.10% year-on-year[5] - Basic earnings per share were -¥0.02, a decrease of 71.43% from the same period last year[6] - Total operating revenue for Q1 2023 was ¥11,463,696.20, a decrease of 68.5% compared to ¥36,436,922.56 in Q1 2022[23] - Net profit for Q1 2023 was a loss of ¥5,021,711.57, compared to a loss of ¥19,471,076.77 in Q1 2022, representing a 74.2% improvement[24] - The total comprehensive income for the period was reported as -¥40,290.80, reflecting challenges in overall profitability[35] Cash Flow - The net cash flow from operating activities was ¥7,348,531.20, reflecting a decline of 133.64% compared to the previous year[5] - Cash flow from operating activities for Q1 2023 was ¥7,348,531.20, a significant recovery from a negative cash flow of ¥21,847,834.31 in Q1 2022[27] - The company's net cash flow from operating activities for Q1 2023 was ¥6,962,301.62, a significant increase from ¥1,011,900.40 in Q1 2022, representing a growth of approximately 588%[35] - The cash outflow from operating activities decreased to ¥35,365,623.50 from ¥37,160,965.64, showing a reduction of approximately 4.3%[35] - The cash received from other operating activities was ¥40,170,118.67, compared to ¥36,121,512.29 in Q1 2022, indicating an increase of about 11.4%[35] Assets and Liabilities - Total assets at the end of the reporting period were ¥819,723,894.17, down 3.27% from the end of the previous year[6] - The total assets as of March 31, 2023, were RMB 819.72 million, down from RMB 847.43 million at the end of 2022[18] - Total current assets amounted to RMB 374.35 million, down from RMB 400.68 million at the end of 2022[18] - Total liabilities decreased to RMB 207.57 million from RMB 230.25 million year-over-year[19] - The total liabilities as of March 31, 2023, were 160,685,095.63, an increase from 142,984,633.34 at the end of 2022[32] Shareholder Information - The total number of common shareholders at the end of the reporting period was 10,579[13] - The largest shareholder, Shenzhen Kexin Industrial Holdings Co., Ltd., holds 60,075,093 shares, accounting for 22.88% of total shares[13] Research and Development - Research and development expenses were reduced to zero, as previous projects were completed by the end of 2022, with no new R&D investments in the current period[11] - Research and development expenses for Q1 2023 were ¥363,851.75, indicating ongoing investment in innovation[24] Revenue and Expenses - The company reported a significant decrease in revenue due to the divestment of its advertising media business and a notable reduction in the volume of decoration and renovation projects[11] - Total operating costs for Q1 2023 were ¥17,643,972.96, down 64.7% from ¥49,905,908.76 in Q1 2022[23] - The company reported a significant decrease in sales expenses, which were not specified but noted as a reduction from ¥1,243,839.73 in Q1 2022[23] - Other income for Q1 2023 was ¥2,087,408.52, compared to ¥215,954.82 in Q1 2022, showing a substantial increase[24] Equity - The company’s total equity attributable to shareholders decreased by 0.84% to ¥594,566,091.38 compared to the previous year-end[6] - The total equity remained stable at RMB 262.52 million[19]