BOCO(SH:600289)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥48,153,627.11, representing a decrease of 1.68% compared to the same period last year[4]. - The net profit attributable to shareholders was a loss of ¥49,278,348.93, with a net profit excluding non-recurring items also showing a loss of ¥49,612,356.94[4]. - The net profit for Q1 2023 was -49,352,281.13 RMB, an improvement from -59,827,957.21 RMB in Q1 2022, representing a decrease in net loss of approximately 17.5%[15]. - The total comprehensive income for Q1 2023 was -49,353,739.01 RMB, compared to -59,838,458.70 RMB in the same period last year, indicating a reduction in comprehensive loss of about 17.5%[16]. - The company reported a net loss of CNY 1,179,754,176.53 for Q1 2023, compared to a net loss of CNY 1,130,475,827.60 in Q1 2022[13]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at ¥73,137,191.67, indicating a significant decrease in cash received from sales and services compared to the previous year[4][6]. - Operating cash flow for Q1 2023 was -73,137,191.67 RMB, worsening from -6,957,292.95 RMB in Q1 2022, reflecting a significant decline in cash flow from operations[18]. - Cash and cash equivalents at the end of Q1 2023 stood at 479,094,683.13 RMB, down from 619,035,947.45 RMB at the end of Q1 2022, a decrease of approximately 22.6%[19]. - The company reported a cash outflow of 2,038,806.54 RMB from financing activities in Q1 2023, compared to an outflow of 23,213,177.47 RMB in Q1 2022, showing a significant reduction in cash outflow[19]. - The company recorded a cash inflow of 469,033.81 RMB from investment activities in Q1 2023, compared to 16,672.45 RMB in Q1 2022, indicating a notable increase in cash inflow from investments[18]. Assets and Liabilities - Total assets at the end of Q1 2023 were ¥2,037,823,850.77, down 4.66% from the end of the previous year[5]. - Total assets as of March 31, 2023, were CNY 2,037,823,850.77, down from CNY 2,137,524,477.25 at the end of 2022, a decrease of 4.67%[14]. - Total liabilities decreased to CNY 656,366,525.26 as of March 31, 2023, from CNY 741,573,172.20 at the end of 2022, a reduction of 11.51%[13]. - The company’s total equity as of March 31, 2023, was CNY 1,381,457,325.51, a slight decrease from CNY 1,395,951,305.05 at the end of 2022[13]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 23,852[9]. - The largest shareholder, Yiyang Group Co., Ltd., held 32.89% of the shares, with 64,459,419 shares frozen[9]. Earnings and Expenses - The basic and diluted earnings per share were both reported at -¥0.0781[4]. - The basic and diluted earnings per share for Q1 2023 were both -0.0781 RMB, an improvement from -0.0947 RMB in Q1 2022[16]. - Total operating costs for Q1 2023 were CNY 98,715,435.95, down 9.56% from CNY 109,087,608.12 in Q1 2022[14]. - Total operating expenses in Q1 2023 were 152,564,440.20 RMB, compared to 127,937,182.56 RMB in Q1 2022, indicating an increase of approximately 19.2%[18]. - Research and development expenses for Q1 2023 were CNY 22,258,426.72, down 24.6% from CNY 29,469,461.36 in Q1 2022[14]. Future Outlook - The company plans to focus on market expansion and new product development in the upcoming quarters[11].