HBSXNBM(SH:600293)2023-04-24 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 407,329,402.06, representing a decrease of 0.50% compared to the same period last year[4] - The net profit attributable to shareholders was a loss of CNY 80,234,200.88, a decline of 244.80% year-on-year[4] - Basic and diluted earnings per share were both CNY -0.07, reflecting a decrease of 240.00% year-on-year[4] - The company reported a net loss of RMB 1,740,149,429.77 in the first quarter of 2023, compared to a net loss of RMB 1,659,915,228.89 in the previous period[12] - Total operating revenue for Q1 2023 was ¥407,329,402.06, a decrease of 0.4% compared to ¥409,396,708.09 in Q1 2022[14] - Net profit for Q1 2023 was a loss of ¥87,573,027.58, compared to a profit of ¥56,901,645.30 in Q1 2022, indicating a substantial decline[15] - The net profit for the first quarter of 2023 was a loss of CNY 56,978,410.20, compared to a profit of CNY 53,852,201.04 in the first quarter of 2022, indicating a significant decline in profitability[25] - Total comprehensive income for Q1 2023 was a loss of ¥87,573,027.58, compared to a profit of ¥56,901,645.30 in Q1 2022[15] Cash Flow - The net cash flow from operating activities was negative at CNY 83,448,549.34, down 304.04% compared to the previous year[4] - The net cash flow from operating activities for Q1 2023 was a negative ¥83,448,549.34, down from a positive ¥40,898,057.40 in Q1 2022[18] - The company reported a net cash flow from investment activities of -CNY 38,889,085.00, compared to a positive cash flow of CNY 20,268,485.79 in Q1 2022[26] - The net cash flow from financing activities improved to CNY 2,591,921.20 from -CNY 8,651,700.20 in Q1 2022[26] - The company received CNY 46,901,059.30 in other operating cash, significantly higher than CNY 7,836,906.14 in Q1 2022, marking an increase of 497%[26] - Total cash outflow from operating activities was CNY 248,837,566.56, down 30.8% from CNY 359,881,511.78 in the previous year[26] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,734,112,516.97, an increase of 1.59% from the end of the previous year[4] - The company's total assets as of March 31, 2023, amounted to CNY 3,191,866,942.76, an increase from CNY 3,087,636,039.93 as of December 31, 2022, reflecting a growth of approximately 3.37%[21] - The total liabilities increased to RMB 2,014,369,549.71 from RMB 1,868,059,005.05, representing a rise of approximately 7.81%[12] - The company's total current liabilities increased to CNY 1,202,208,222.21 as of March 31, 2023, from CNY 1,039,760,111.01 at the end of 2022, marking an increase of approximately 15.6%[23] - The total liabilities of the company reached CNY 1,596,532,887.21 as of March 31, 2023, compared to CNY 1,435,323,574.18 at the end of 2022, representing an increase of approximately 11.3%[23] - The company's total liabilities to total assets ratio stands at approximately 53.9%, indicating a relatively high leverage position[12] Research and Development - The company's R&D expenses increased by 93.03% due to higher investment in research and development activities[6] - Research and development expenses rose to ¥9,842,044.75 in Q1 2023, up from ¥5,098,708.52 in Q1 2022, reflecting a 93.5% increase[14] - Research and development expenses for the first quarter of 2023 were CNY 9,842,044.75, compared to CNY 5,098,708.52 in the first quarter of 2022, showing an increase of about 93.5%[25] Inventory and Receivables - Accounts receivable rose by 45.49% as a result of increased credit sales during the period[6] - Accounts receivable rose significantly to RMB 131,170,818.95, compared to RMB 90,156,614.71 at the end of 2022, marking an increase of around 45.5%[11] - The company's inventory increased to RMB 267,877,237.92 from RMB 234,239,902.01, indicating a growth of about 14.4%[11] - The inventory level decreased to CNY 79,214,041.13 as of March 31, 2023, from CNY 103,265,391.58 at the end of 2022, indicating a reduction of about 23.3%[21] Operating Costs - The company experienced a 40.98% increase in operating costs due to rising raw material prices[6] - Total operating costs increased significantly to ¥496,473,482.00 in Q1 2023 from ¥357,645,919.46 in Q1 2022, representing an increase of 38.8%[14]