Adisseo(SH:600299)2023-04-26 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥3,151,977,858, representing a decrease of 8.83% compared to the same period last year[4]. - The net profit attributable to shareholders was ¥1,487,743, down 99.65% year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥22,863,841, a decline of 105.38% compared to the previous year[4]. - The basic and diluted earnings per share were both ¥0.0006, reflecting a decrease of 99.65% year-on-year[4][9]. - The weighted average return on equity decreased by 3.02 percentage points to 0.01%[4][9]. - The total profit for Q1 2023 was CNY 17,155,107, compared to CNY 551,935,746 in the same period last year, indicating a substantial decline[20]. - The company's operating profit for Q1 2023 was CNY 19,131,658, down from CNY 552,132,895 in Q1 2022[20]. - The company’s earnings per share (EPS) for Q1 2023 was CNY 0.00, compared to CNY 0.16 in Q1 2022[21]. Cash Flow and Assets - The net cash flow from operating activities increased by 44.12% to ¥525,623,605, attributed to strict working capital and cash management[4][9]. - The cash flow from operating activities in Q1 2023 was CNY 525,623,605, an increase from CNY 364,716,123 in Q1 2022[24]. - The company's cash and cash equivalents were reported at ¥776,084,627, down from ¥796,360,472, a decrease of 2.4%[14]. - The cash and cash equivalents at the end of Q1 2023 were CNY 776,084,627, down from CNY 1,220,184,242 at the end of Q1 2022[25]. - The company experienced a net cash outflow from investing activities of CNY 523,325,749 in Q1 2023, compared to CNY 482,672,693 in Q1 2022[24]. - Total assets at the end of Q1 2023 were ¥21,519,502,988, an increase of 0.83% from the end of the previous year[5]. - The company's total assets reached ¥21,519,502,988, up from ¥21,343,401,913, indicating a growth of 0.8%[17]. Costs and Expenses - Total operating costs increased to ¥3,139,009,504, up from ¥2,880,492,819 in the same period last year, reflecting a rise of 9.0%[18]. - Research and development expenses rose to ¥99,800,857, compared to ¥69,723,455 in Q1 2022, marking an increase of 43.0%[18]. - The company reported a significant pressure on profitability due to high inventory costs despite sustained sales growth[7][9]. Equity and Liabilities - Shareholders' equity attributable to the parent company was ¥14,996,879,006, up 0.42% from the end of last year[5]. - Total liabilities increased to ¥6,503,309,945, compared to ¥6,390,567,553, representing a rise of 1.8%[16]. - The total equity attributable to shareholders rose to ¥14,996,879,006, compared to ¥14,933,588,455, an increase of 0.4%[17]. Revenue and Income - Total revenue for Q1 2023 was ¥3,151,977,858, a decrease of 8.8% compared to ¥3,457,385,114 in Q1 2022[18]. - The company’s revenue from sales of goods and services in Q1 2023 was CNY 3,515,165,666, compared to CNY 3,407,635,541 in Q1 2022, showing growth[22]. - The company reported a significant increase in other income to CNY 6,551,903 in Q1 2023 from CNY 578,980 in Q1 2022[20]. Non-Recurring Gains - Non-recurring gains included government subsidies of ¥3,601,672 and fair value changes of other non-current financial assets amounting to ¥29,627,600[6].