THGW(SH:600365)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 226,071,582.65, representing a decrease of 5.32% compared to the same period last year[5]. - The net profit attributable to shareholders was a loss of CNY 9,031,593.20, a decline of 126.59% year-on-year[5]. - The basic earnings per share for the period was -CNY 0.02, reflecting a 100% decrease compared to the previous year[6]. - The net loss for Q1 2023 was ¥9,208,933.27, compared to a net loss of ¥4,236,682.16 in Q1 2022, indicating an increase in losses[30]. - The company's gross profit margin decreased, with operating profit for Q1 2023 reported at -¥6,644,304.96, compared to -¥1,016,911.53 in Q1 2022[30]. - The total comprehensive income for Q1 2023 was a loss of ¥15,654,785.93, compared to a loss of ¥11,460,247.38 in Q1 2022[41]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 816,150,277.80, down 13.70% from the end of the previous year[6]. - The total assets decreased from ¥945,664,554.87 in the previous period to ¥816,150,277.80 in the current period, a decline of 13.7%[25]. - Total liabilities decreased from ¥613,756,928.55 to ¥484,624,565.71, reflecting a reduction of 21.0%[25]. - The total liabilities decreased to CNY 272,651,536.11 from CNY 276,556,573.12 at the end of 2022[39]. - The total equity as of March 31, 2023, was CNY 621,306,904.23, down from CNY 628,134,671.12 at the end of 2022[39]. Cash Flow - The net cash flow from operating activities was -CNY 58,051,369.18, a decrease of 26.63% year-on-year[5]. - In Q1 2023, the cash inflow from operating activities totaled CNY 255,042,405.83, an increase of 56.7% compared to CNY 162,609,259.02 in Q1 2022[33]. - The net cash flow from operating activities was negative at -¥99,645.59 in Q1 2023, down from a positive cash flow of ¥38,947.57 in Q1 2022[45]. - Cash inflow from financing activities increased to CNY 162,980,000.00, up from CNY 125,810,000.00 in Q1 2022, representing a growth of 29.6%[34]. - The net cash flow from financing activities improved to CNY 59,319,352.92, compared to CNY 45,762,675.50 in Q1 2022[34]. Research and Development - Research and development expenses increased by 43.36%, primarily due to higher material costs for new product development[10]. - Research and development expenses increased to ¥314,493.95 in Q1 2023 from ¥219,379.71 in Q1 2022, representing a growth of 43.3%[29]. - Research and development expenses rose to ¥314,493.95 in Q1 2023, compared to ¥219,379.71 in Q1 2022, marking a 43.3% increase[40]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 18,642[12]. - The company's equity attributable to shareholders decreased from ¥331,752,568.85 to ¥331,547,994.69, a slight decline of 0.1%[25]. Inventory and Receivables - Accounts receivable decreased to RMB 104,480,250.21 from RMB 209,431,271.66, indicating a reduction of about 50%[22]. - Inventory decreased to RMB 219,514,110.84 from RMB 262,774,460.58, representing a decline of approximately 16.5%[22]. - The inventory as of March 31, 2023, was CNY 71,898,603.23, slightly up from CNY 70,891,570.58 at the end of 2022[37]. - The accounts receivable increased to CNY 44,819,433.23 from CNY 43,990,090.38 at the end of 2022[37]. Legal Matters - The company is involved in ongoing litigation with Jiangsu Dahong Industrial Co., Ltd., with a claim amounting to RMB 85 million, although previous cases have been ruled in favor of the company[14]. - The company has reached a settlement with Jiangsu Huanxin Communications Technology Co., Ltd., resolving disputes without further liability for the company[16]. - The company is currently facing arbitration related to a claim of RMB 306.3 million from Dalian Dinghua International Trade Co., Ltd., with the case still pending[17]. - The company has received court notifications regarding multiple partnership disputes, with hearings already underway[18]. - The company emphasizes the importance of monitoring ongoing legal matters that may impact its financial position and operations[14].