QHHD(SH:600243)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥63,617,592.19, a decrease of 52.12% compared to ¥130,845,717.98 in the same period last year[4] - The net profit attributable to shareholders was a loss of ¥15,706,885.92, compared to a loss of ¥9,086,846.88 in the previous year[4] - Total operating revenue for Q1 2023 was ¥63,617,592.19, a decrease of 52.2% compared to ¥132,880,584.92 in Q1 2022[17] - Net loss for Q1 2023 was ¥16,063,289.96, compared to a net loss of ¥10,132,200.81 in Q1 2022, representing a 58.5% increase in losses[18] - The company reported a basic and diluted earnings per share of -¥0.04 for Q1 2023, compared to -¥0.021 in Q1 2022[18] Assets and Liabilities - The total assets decreased by 12.04% to ¥1,208,087,472.93 from ¥1,373,522,318.42 at the end of the previous year[5] - The company's current assets totaled RMB 675,585,214.07, down from RMB 835,416,770.67, indicating a decrease of about 19.2%[13] - Total liabilities as of Q1 2023 were ¥316,210,716.72, a decrease of 32.1% from ¥465,582,272.25 in the previous year[17] - The company's total liabilities decreased from 146,894,414.92 to 41,481,511.29, a reduction of about 71.8%[24] - The total current assets decreased from 581,723,568.48 to 472,595,239.49, a decline of approximately 18.77%[23] Cash Flow - Cash flow from operating activities for Q1 2023 was negative at ¥17,355,182.82, worsening from a negative cash flow of ¥10,157,667.30 in Q1 2022[20] - In Q1 2023, the net cash flow from operating activities was ¥59,893,269.94, a significant improvement compared to a net outflow of ¥8,039,627.34 in Q1 2022[30] - Cash inflow from operating activities totaled ¥92,301,530.77, compared to ¥11,963,158.51 in the same period last year, indicating a year-over-year increase of approximately 669%[30] - The company's net cash flow from investing activities was -33,212,579.49, a decrease of 4,646,234.14 compared to the previous period[21] - The net cash flow from financing activities was -¥59,491,666.66, compared to -¥960,000.01 in Q1 2022, indicating a significant increase in cash outflow[31] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 31,900[9] - The top shareholder, Li Songqiang, holds 38,000,000 shares, representing 8.66% of the total shares[9] - The company has committed to granting shareholder rights to Qinghai Heavy Machine Tool Co., Ltd. for shares obtained in the annual private placement[10] - The actual controller of the company changed to Wang Feng following the completion of the equity increase registration on March 20, 2023[10] Government Support and Other Income - The company received government subsidies amounting to ¥700,000.00 during the quarter[7] - The company reported other income of ¥707,915.95 in Q1 2023, an increase from ¥378,612.75 in Q1 2022[17] Research and Development - The company incurred research and development expenses of ¥3,200,457.70 in Q1 2023, a decrease of 40.7% from ¥5,402,222.63 in Q1 2022[17] - The company has not reported any new product or technology developments in this quarter[12] Changes in Financial Position - Cash and cash equivalents decreased by 46.05% due to repayment of bank loans and production investments[6] - The company's short-term borrowings decreased by 49.80% as a result of loan repayments[6] - The company reported a 100% decrease in investment income, indicating no income from investments during the period[8] - The company's management expenses were 4,837,959.19, down from 5,879,942.08, reflecting a decrease of about 17.7%[27] - The company's total equity attributable to shareholders was ¥877,093,826.99 in Q1 2023, down from ¥892,800,712.91 in Q1 2022[17]