Hunan (SH:600476)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥97,277,460.51, representing a year-on-year increase of 30.86%[5]. - Total operating revenue for Q1 2023 reached ¥97,277,460.51, an increase of 30.8% compared to ¥74,336,427.11 in Q1 2022[19]. - The net profit attributable to shareholders was a loss of ¥2,396,838.52, with a basic earnings per share of -0.015 yuan[5][6]. - Net loss for Q1 2023 was ¥2,396,838.52, an improvement from a net loss of ¥14,240,489.36 in Q1 2022[20]. - The company reported a net loss of CNY 189,625,203 for the period, compared to a loss of CNY 187,228,364 in the previous period[16]. - Operating profit for Q1 2023 was a loss of CNY 1,560,109.97, an improvement from a loss of CNY 14,433,111.74 in Q1 2022[29]. - The company reported a gross profit margin of approximately -8.0% for Q1 2023, compared to -19.4% in Q1 2022[19]. Cash Flow - The net cash flow from operating activities was -¥22,779,242.07, indicating a significant cash outflow during the period[5]. - Operating cash flow for Q1 2023 was negative at ¥22,779,242.07, compared to a negative cash flow of ¥45,144,724.83 in Q1 2022, indicating a 49.6% improvement[22]. - In Q1 2023, the company's cash inflow from operating activities was CNY 130,870,600.45, a slight increase from CNY 129,038,050.61 in Q1 2022[31]. - The net cash flow from operating activities was negative at CNY -22,779,242.07, improving from CNY -45,144,724.83 in the same period last year[31]. - The company raised ¥170,000,000.00 in borrowings during Q1 2023, compared to ¥109,075,903.40 in Q1 2022, reflecting a 55.8% increase[23]. - Total cash inflow from financing activities in Q1 2023 was ¥238,728,583.33, up from ¥158,145,764.51 in Q1 2022, indicating a 50.8% increase[23]. - The net cash flow from financing activities turned negative at CNY -21,112,005.90, a decline from a positive CNY 34,593,628.29 in Q1 2022[31]. Assets and Liabilities - Total assets decreased by 6.77% from the end of the previous year, amounting to ¥632,971,214.00[6]. - As of March 31, 2023, the company's total assets amounted to CNY 632,971,214, a decrease from CNY 678,950,265 as of December 31, 2022, representing a decline of approximately 6.8%[14]. - The company's current assets totaled CNY 466,966,757, down from CNY 508,865,958, indicating a decrease of about 8.2%[14]. - The company's total liabilities were CNY 509,284,014, down from CNY 552,866,226, which is a reduction of about 7.9%[16]. - Current liabilities decreased to CNY 489,899,006.45 from CNY 533,496,835.32, reflecting a reduction of 8.2%[26]. - The company's equity attributable to shareholders decreased to CNY 123,687,200 from CNY 126,084,039, a decline of approximately 1.9%[16]. - The total equity decreased to CNY 131,546,965.05 from CNY 133,943,803.57, a decline of 1.8%[27]. Research and Development - The company reported a 44.44% increase in R&D expenses, reflecting a strategic focus on optimizing revenue structure[8]. - Research and development expenses for Q1 2023 were ¥3,073,530.31, compared to ¥2,127,824.65 in Q1 2022, marking an increase of 44.5%[19]. - Research and development expenses increased to CNY 3,073,530.31, up from CNY 2,127,824.65, marking a rise of 44.5%[29]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 25,713[10]. - The top shareholder, Beijing Zhongyou Asset Management Co., Ltd., holds 53,128,388 shares, accounting for 32.98% of total shares[11]. Other Financial Metrics - The company experienced a 142.31% increase in taxes and surcharges, primarily due to higher urban construction tax and education fees[8]. - The company received government subsidies amounting to ¥48,192.35, which are closely related to its normal business operations[7]. - The company's cash and cash equivalents decreased by 31.27% due to increased cash payments for debt repayment[8]. - Cash and cash equivalents were reported at CNY 111,699,218, a decrease from CNY 162,525,592, reflecting a decline of approximately 31.2%[14]. - The company's accounts receivable stood at CNY 168,429,542, down from CNY 177,441,078, indicating a decrease of about 5.1%[14]. - The company's inventory was reported at CNY 99,219,381, slightly down from CNY 101,647,360, reflecting a decrease of approximately 2.4%[15]. - The company's financial assets at fair value through profit or loss increased to CNY 38,368,278 from CNY 32,790,083, representing an increase of approximately 16.9%[14]. - The company's long-term liabilities decreased to CNY 22,555,319 from CNY 23,327,761, a reduction of about 3.3%[16]. - The company reported a significant increase in other income, with fair value changes yielding CNY 5,578,194.60 compared to a loss of CNY 776,094.64 in the previous year[29].