ANTAI GROUP(SH:600408)2023-04-21 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥2,638,766,862.04, representing a decrease of 18.26% compared to the same period last year[3]. - The net profit attributable to shareholders was -¥123,146,471.26, a decline of 341.12% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥124,417,048.48, down 331.16% from the previous year[3]. - The basic earnings per share were -¥0.12, reflecting a decrease of 340.00% compared to the same period last year[3]. - The weighted average return on equity was -5.01%, a decrease of 6.81 percentage points year-on-year[3]. - Net loss for Q1 2023 was ¥123,169,569.60, compared to a net profit of ¥51,158,408.53 in Q1 2022, representing a significant decline[16]. - Basic and diluted earnings per share for Q1 2023 were both -¥0.12, compared to ¥0.05 in Q1 2022[17]. Assets and Liabilities - Total assets at the end of the reporting period were ¥5,226,165,867.17, an increase of 0.34% from the end of the previous year[3]. - Total liabilities as of Q1 2023 amounted to ¥2,819,166,125.90, an increase from ¥2,681,762,115.04 in the previous year[14]. - Shareholders' equity attributable to shareholders was ¥2,398,272,161.58, down 4.80% from the end of the previous year[3]. - Total equity attributable to shareholders was ¥2,398,272,161.58, down from ¥2,519,255,860.67 in Q1 2022, reflecting a decrease of 4.8%[14]. Cash Flow - The cash flow from operating activities was ¥122,406,448.14, with a significant increase in payments received for steel products compared to the previous year[3]. - In Q1 2023, the cash inflow from operating activities was CNY 2,970,357,864.93, a decrease of 11.8% compared to CNY 3,368,742,580.18 in Q1 2022[19]. - The net cash flow from operating activities turned positive at CNY 122,406,448.14, compared to a negative CNY 139,814,936.94 in the same period last year[19]. - The company received CNY 3,622,842.05 in other cash related to operating activities, an increase from CNY 2,963,215.29 in the previous year[19]. - Payments for goods and services amounted to CNY 2,781,686,379.35, down from CNY 3,422,761,503.60 in Q1 2022, indicating a reduction in operational costs[19]. - The company paid CNY 5,167,740.26 in taxes, significantly lower than CNY 19,259,104.65 in the same quarter last year, reflecting improved tax management[19]. Investment and Financing Activities - Cash outflow from investing activities was CNY 37,430,841.71, down from CNY 59,254,585.16 in Q1 2022, resulting in a net cash flow from investing activities of -CNY 37,430,841.71[20]. - The cash inflow from financing activities was CNY 36,000,000.00, while cash outflow totaled CNY 64,114,332.81, leading to a net cash flow from financing activities of -CNY 64,114,332.81[20]. - The company did not report any cash inflow from investment activities in Q1 2023, compared to CNY 4,112,618.45 in Q1 2022[20]. Research and Development - Research and development expenses for Q1 2023 were ¥14,489,234.65, a decrease of 29.0% from ¥20,388,353.81 in Q1 2022[15]. Government Support and Future Plans - The company received government subsidies amounting to ¥1,862,062.33 during the reporting period[5]. - The company plans to issue shares to specific targets, pending approval from the shareholders' meeting and regulatory authorities[9]. - The company has not disclosed any new product developments or market expansion strategies in the provided reports[18].