S.Y.C.C.(SH:600306)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥20,108,220.48, representing a decrease of 44.20% compared to the same period last year[5]. - The net profit attributable to shareholders of the listed company was a loss of ¥22,333,525.87, with no applicable percentage change due to the loss[5]. - The basic earnings per share for the period was -¥0.10, reflecting a significant decline in profitability[6]. - The total operating revenue decreased to 13,591,584.48 RMB in Q1 2023 from 114,334,270.77 RMB in Q1 2022, representing a decline of approximately 88.1%[28]. - The total comprehensive income for Q1 2023 was -22,335,043.78 RMB, compared to -14,532,374.15 RMB in Q1 2022, reflecting a worsening financial position[26]. - The net profit for Q1 2023 was -22,335,043.78 RMB, compared to -14,532,374.15 RMB in Q1 2022, indicating a significant increase in losses[25]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,318,076,526.71, a decrease of 0.68% from the previous year-end[6]. - The company's total liabilities as of March 31, 2023, were approximately ¥1.54 billion, an increase from ¥1.52 billion at the end of 2022[22]. - The net asset attributable to shareholders was negative at approximately -¥220.56 million as of March 31, 2023, compared to -¥198.22 million at the end of 2022[22]. - The company’s total non-current assets were approximately ¥1.27 billion as of March 31, 2023, slightly down from ¥1.27 billion at the end of 2022[21]. Cash Flow - The net cash flow from operating activities was -¥2,228,287.16, indicating a negative cash flow situation[5]. - The net cash flow from operating activities was -2,228,287.16 RMB in Q1 2023, an improvement from -5,745,798.99 RMB in Q1 2022[29]. - The total cash outflow from operating activities was 15,919,993.80 RMB in Q1 2023, compared to 135,580,808.94 RMB in Q1 2022, indicating a reduction in cash outflows[29]. - The company had a net cash flow from financing activities of -32,130,782.47 RMB in Q1 2023, reflecting a decrease in cash inflow from financing[30]. - Cash and cash equivalents at the end of Q1 2023 were 7,450,278.54 RMB, down from 69,458,944.98 RMB at the end of Q1 2022[30]. - The company reported a decrease in cash and cash equivalents from approximately ¥22.17 million at the end of 2022 to ¥19.01 million as of March 31, 2023, a decline of about 9.8%[20]. Shareholder Information - The company reported a total of 5,823 common shareholders at the end of the reporting period[10]. - The largest shareholder, Shenzhen Leading Semiconductor Investment Co., Ltd., held 53,436,000 shares, accounting for 23.08% of the total shares[11]. Operational Challenges - The significant decrease in operating revenue was primarily due to a reduction in self-operated income[8]. - The company is under delisting risk warning due to negative net profits for three consecutive years and uncertainty regarding its ability to continue as a going concern[13][14]. - The company is undergoing a pre-restructuring process, with uncertainty regarding its success and potential bankruptcy risks if restructuring fails[16]. - The company incurred financial expenses of 24,582,841.63 RMB in Q1 2023, an increase from 18,410,092.23 RMB in Q1 2022[25]. - The company has 42 frozen bank accounts, with a total frozen amount of approximately ¥16.38 million, accounting for about 86.16% of the company's cash balance[15]. Inventory and Asset Management - The company’s inventory decreased from approximately ¥12.01 million at the end of 2022 to ¥11.11 million as of March 31, 2023, a decline of about 7.5%[20]. - The company reported an asset impairment loss of -1,362,215.86 RMB in Q1 2023, indicating challenges in asset valuation[25].