SDWH(SH:600241)2023-04-20 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥181,969,849.57, representing a decrease of 15.56% compared to the same period last year[5] - The net profit attributable to shareholders was ¥12,529,191.92, down 48.39% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥12,700,903.78, a decrease of 47.36% compared to the previous year[5] - Basic and diluted earnings per share were both ¥0.04, reflecting a 50% decline year-on-year[5] - Operating profit for Q1 2023 was CNY 15,024,612.07, a decline of 51.6% from CNY 31,034,259.59 in Q1 2022[16] - The net profit for Q1 2023 was CNY 14,718,168.72, a decrease of 52.0% compared to CNY 30,669,679.03 in Q1 2022[17] - The total comprehensive income for Q1 2023 was CNY 14,718,168.72, down 52.0% from CNY 30,669,679.03 in the same period last year[17] Cash Flow - The net cash flow from operating activities was -¥63,004,431.25, indicating a significant cash outflow[5] - Cash flow from operating activities for Q1 2023 was negative at CNY -63,004,431.25, compared to a positive CNY 61,525,673.35 in Q1 2022[19] - The total cash outflow from operating activities in Q1 2023 was CNY 250,583,805.60, an increase of 38.1% from CNY 181,559,481.78 in Q1 2022[19] - Cash inflow from financing activities in Q1 2023 was CNY 147,739,219.12, an increase of 109.8% from CNY 70,330,214.58 in Q1 2022[20] - The cash and cash equivalents at the end of Q1 2023 amounted to CNY 321,330,306.69, up from CNY 181,627,105.56 at the end of Q1 2022, representing a 76.8% increase[20] - The company reported cash inflow from investment activities of CNY 20,471,388.90 in Q1 2023, compared to CNY 0 in Q1 2022[20] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,354,288,973.48, a decrease of 7.15% from the end of the previous year[6] - Total assets decreased to CNY 1,354,288,973.48 as of March 31, 2023, from CNY 1,458,640,140.46 at the end of 2022, reflecting a reduction of 7.1%[13] - Total liabilities decreased to CNY 349,237,673.90 as of March 31, 2023, down 25.4% from CNY 468,307,009.60 at the end of 2022[14] - Cash and cash equivalents as of March 31, 2023, were CNY 563,493,214.15, down 10.5% from CNY 629,176,026.80 at the end of 2022[12] Operational Highlights - The company experienced a significant decline in revenue primarily due to reduced income from its subsidiary, Jiuyi Energy, in the nickel-hydrogen battery segment[7] - Total operating costs for Q1 2023 were CNY 167,831,150.30, down 9.3% from CNY 184,959,123.11 in Q1 2022[16] - Research and development expenses for Q1 2023 were CNY 6,191,850.20, down 38.5% from CNY 10,133,992.73 in Q1 2022[16] - The company reported an investment income of CNY 573,182.10 for Q1 2023, an increase from CNY 311,696.02 in Q1 2022[16] Other Financial Metrics - The weighted average return on equity decreased to 1.16%, down from 1.25%[5] - The company reported non-recurring gains and losses totaling -¥171,711.86 for the period[6] - Inventory as of March 31, 2023, was CNY 214,323,997.67, a decrease of 11.3% from CNY 241,502,453.54 at the end of 2022[12] - The company experienced a foreign exchange loss of CNY -1,130,703.68 in Q1 2023, compared to a loss of CNY -573,175.49 in Q1 2022[20]