FOUNDERTECH(SH:600601)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥680,842,807.78, a decrease of 30.51% compared to the same period last year[6]. - The net profit attributable to shareholders was -¥20,523,383.96, with a net profit excluding non-recurring gains and losses of -¥30,049,928.08[6]. - The net cash flow from operating activities decreased by 39.83% to ¥51,465,836.50[6]. - Total revenue for Q1 2023 was approximately $680.84 million, a decrease of 30.5% compared to $979.78 million in Q1 2022[40]. - The net profit for Q1 2023 was CNY -20,523,383.96, compared to CNY -130,028,784.18 in Q1 2022, showing an improvement of about 84.2%[58]. - Operating profit for Q1 2023 was CNY -18,473,914.92, compared to CNY -122,643,509.55 in the same period last year, indicating a significant reduction in losses[58]. - The company's basic and diluted earnings per share for Q1 2023 were both CNY -0.0049, compared to CNY -0.0589 in Q1 2022, reflecting a reduction in loss per share[59]. Assets and Liabilities - Total assets at the end of the reporting period were ¥5,161,534,835.67, down 10.46% from the end of the previous year[8]. - The total liabilities decreased to CNY 1.73 billion, down from CNY 2.31 billion, reflecting a reduction of about 25.1%[37]. - The total non-current liabilities decreased from CNY 1,969,363,639.72 to CNY 1,386,513,894.50, a reduction of approximately 29.6%[55]. - The company reported a decrease in accounts payable from CNY 757,173,899.50 to CNY 584,004,270.37, a decline of about 22.8%[55]. - The company’s total non-current assets decreased from CNY 2,796,406,400.09 to CNY 2,735,015,212.30, a decline of about 2.2%[55]. Shareholder Information - The company had a total of 131,285 common shareholders at the end of the reporting period[12]. - The largest shareholder, Zhuhai Huashi Huanxin Fangke Investment Enterprise, held 23.50% of the shares[12]. - The company transferred a total of 1,250,670,956 shares to its designated entities, resulting in a new controlling shareholder holding 29.99% of the total shares[29]. Cash Flow and Investments - Cash flow from operating activities totaled CNY 848,110,047.45 in Q1 2023, down from CNY 1,344,880,056.36 in Q1 2022, a decrease of approximately 37%[60]. - The company reported a net cash outflow from investing activities of approximately $76.97 million in Q1 2023, compared to $148.25 million in Q1 2022[46]. - Financing activities resulted in a net cash outflow of approximately $129.84 million in Q1 2023, an improvement from a net outflow of $209.09 million in Q1 2022[46]. - Cash and cash equivalents at the end of Q1 2023 totaled approximately $528.79 million, a significant increase from $108.07 million at the end of Q1 2022[47]. Operational Changes - The decline in operating revenue was primarily due to the disposal of two subsidiaries at the end of 2022, which impacted revenue significantly[10]. - The company's total operating revenue for Q1 2023 was impacted by a significant reduction in sales and management expenses, which decreased by 79.1% and 23.4% respectively compared to Q1 2022[40]. - Research and development expenses decreased to approximately $38.47 million in Q1 2023, a reduction of 46.1% from $71.31 million in Q1 2022[40]. - The company is currently undergoing a restructuring plan approved by the court, which includes a significant increase in total share capital from approximately 2.19 billion shares to 4.17 billion shares[51]. Other Financial Metrics - The company's cash and cash equivalents amounted to CNY 807.04 million, a decrease of approximately 14.5% from CNY 944.16 million in the previous year[33]. - The company reported a net cash outflow from investing activities of approximately $76.97 million in Q1 2023, compared to $148.25 million in Q1 2022[46]. - Other comprehensive income after tax for Q1 2023 was CNY -1,679,884.46, compared to CNY -1,397,902.24 in Q1 2022, indicating a worsening in comprehensive income[59]. - The company recorded a decrease in cash received from sales of goods and services from CNY 1,265,516,430.23 to CNY 803,810,137.48, a decline of approximately 36.6%[60].