KMYY(SH:600518)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 1,143,946,162.37, representing a year-on-year increase of 22.50%[4] - The net profit attributable to shareholders was a loss of CNY 50,408,574.68, and the net profit after deducting non-recurring gains and losses was a loss of CNY 88,901,510.70[4] - The net profit for Q1 2023 was a loss of CNY 49,765,383.27, an improvement from a loss of CNY 111,557,219.71 in Q1 2022[16] - The company reported a net loss attributable to the parent company of CNY -50,409,108.66 for Q1 2023, compared to a loss of CNY -111,422,065.03 in Q1 2022[17] - The net loss for Q1 2023 was CNY -45,278,952.12, compared to a net loss of CNY -35,501,940.53 in Q1 2022, representing a decline of 27.5%[25] Cash Flow - The net cash flow from operating activities was negative at CNY 203,223,900.59[4] - The total cash inflow from operating activities for Q1 2023 was CNY 1,464,558,204.32, compared to CNY 848,235,064.96 in Q1 2022, representing a year-over-year increase of approximately 73%[18] - The net cash outflow from operating activities was CNY -203,223,900.59, slightly worse than the previous year's outflow of CNY -199,492,837.60[19] - The total cash and cash equivalents at the end of Q1 2023 were CNY 1,211,362,848.00, down from CNY 2,133,612,721.59 at the end of Q1 2022, indicating a decrease of approximately 43%[20] - The cash flow from operating activities showed a net outflow of CNY -230,509,616.40, compared to CNY -218,081,164.50 in the same period last year[26] Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 14,800,805,858.96, a decrease of 2.06% compared to the end of the previous year[4] - The total current assets decreased to RMB 7,122,767,014.98 from RMB 7,383,990,388.30, reflecting a decline of about 3.5%[13] - The company's accounts receivable stood at RMB 1,917,105,230.41, down from RMB 1,964,955,319.56, indicating a reduction of approximately 2.4%[13] - The total current liabilities decreased to CNY 5,157,359,239.77 from CNY 5,441,511,537.39 in the previous quarter, reflecting a reduction of approximately 5.2%[15] - The total liabilities decreased to CNY 5,225,963,290.04 from CNY 5,459,104,498.52, a decline of 4.3%[23] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 193,025[7] - The largest shareholder, Guangdong Shennong Enterprise Management Partnership, held 25.31% of the shares, totaling 3,509,413,788 shares[7] - The total equity attributable to shareholders was CNY 6,897,854,467.42, a slight decrease from CNY 6,947,130,703.24 in the previous quarter[15] - The company’s total equity decreased to CNY 11,928,678,270.55 from CNY 11,971,572,385.21, a decline of 0.4%[23] Research and Development - Research and development expenses increased by 141.65% due to higher investment in R&D projects[6] - Research and development expenses for Q1 2023 were CNY 9,486,049.57, significantly higher than CNY 3,925,608.53 in Q1 2022, indicating an increase of about 141.1%[16] - Research and development expenses for Q1 2023 were CNY 4,653,278.58, indicating ongoing investment in innovation[24] Legal and Regulatory Matters - The company has reached an out-of-court settlement regarding the bankruptcy application of its wholly-owned subsidiary, which will allow it to avoid bankruptcy proceedings[10] - The company is in the process of applying to revoke the "other risk warning" status, contingent on the Shanghai Stock Exchange's review[11] - The company has a pending lawsuit involving a financial loan dispute, with a first-instance judgment requiring it to pay approximately RMB 281,989,470.00 in principal and interest[12] Other Financial Metrics - Non-recurring gains and losses totaled CNY 38,492,936.02, with significant contributions from non-current asset disposal gains and government subsidies[5] - The total operating costs for Q1 2023 were CNY 1,230,355,256.52, compared to CNY 1,044,554,905.16 in Q1 2022, indicating an increase of about 17.8%[16] - The deferred tax assets increased to CNY 95,901,705.57 from CNY 40,149,436.75 in the previous quarter, showing a growth of approximately 138.5%[15] - The company reported a financial expense of CNY -4,530,890.08 in Q1 2023, an improvement from CNY -7,088,193.40 in Q1 2022[16]