SFH(SH:600615)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥23,163,213.97, a decrease of 46.04% compared to the same period last year[4] - The net profit attributable to shareholders was a loss of ¥3,199,187.25, with a basic and diluted earnings per share of -¥0.017[4] - Total operating revenue for Q1 2023 was ¥23,163,213.97, a decrease of 46.0% compared to ¥42,925,221.21 in Q1 2022[18] - Total operating costs for Q1 2023 were ¥31,711,590.92, down 35.3% from ¥49,083,028.31 in Q1 2022[18] - Net loss for Q1 2023 was ¥3,998,096.83, compared to a net loss of ¥3,599,222.18 in Q1 2022, reflecting an increase in losses[21] - The company's total liabilities decreased to ¥41,760,076.66 in Q1 2023 from ¥62,536,351.78 in Q1 2022, a reduction of 33.2%[16] - The total equity attributable to shareholders was ¥630,833,968.31 in Q1 2023, slightly down from ¥634,033,155.56 in Q1 2022[16] - Basic and diluted earnings per share for Q1 2023 were both -¥0.017, compared to -¥0.018 in Q1 2022[22] - The company reported a gross profit margin of approximately -37.0% in Q1 2023, compared to -15.0% in Q1 2022[18] Cash Flow and Liquidity - The company's cash flow from operating activities showed a net outflow of ¥4,710,928.63, indicating a significant decrease in cash inflow[4] - In Q1 2023, the net cash flow from operating activities was -4,710,928.63, a decline from -1,385,173.54 in Q1 2022, indicating a worsening cash flow situation[23] - Cash inflow from operating activities totaled 22,886,887.45 in Q1 2023, down 47.3% from 43,284,164.38 in Q1 2022[23] - Cash outflow from operating activities increased to 27,597,816.08 in Q1 2023, compared to 44,669,337.92 in Q1 2022, reflecting a significant reduction in operational expenses[23] - The ending cash and cash equivalents balance decreased to 4,417,429.48 in Q1 2023, down from 13,069,231.41 in Q1 2022, reflecting liquidity challenges[24] - The company reported a significant increase in cash and cash equivalents, primarily due to investments in financial products[6] - The company reported a cash inflow of 46,046.59 from tax refunds in Q1 2023, compared to no such inflow in Q1 2022, highlighting a potential improvement in tax management[23] Assets and Liabilities - Total assets at the end of Q1 2023 were ¥674,685,108.24, down 3.54% from the end of the previous year[5] - Current assets totaled CNY 105,251,784.62, down from CNY 122,475,749.37, indicating a decrease of about 13.9%[14] - Cash and cash equivalents were reported at CNY 4,417,429.48, significantly lower than CNY 14,249,433.57 from the previous year, reflecting a decline of approximately 69.0%[14] - Accounts receivable decreased to CNY 37,489,723.52 from CNY 47,499,925.85, a reduction of around 21.2%[14] - Inventory stood at CNY 26,321,407.61, slightly down from CNY 27,914,987.25, showing a decrease of about 5.7%[14] - The company's total liabilities decreased to ¥41,760,076.66 in Q1 2023 from ¥62,536,351.78 in Q1 2022, a reduction of 33.2%[16] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 8,569[9] - The company reported a total of 23,486,013 shares held by related parties, accounting for 12.49% of the total share capital[11] - The top ten shareholders collectively hold a significant portion of the company's shares, with 隆鑫控股有限公司 being the largest shareholder with 62,901,231 shares, representing 33.45%[10] Operational Insights - The company reported a significant increase in sales expenses by 63.49%, mainly due to increased sales personnel and customer collection commissions[7] - The accounts receivable decreased by 59.84%, reflecting a reduction in bank acceptance bills received[6] - The company experienced a 165.47% increase in prepayments, attributed to higher advance payments for materials[6] - The company’s contract liabilities increased by 132.80%, indicating a rise in customer prepayments[6] Future Outlook - The company has not disclosed any new product developments or technological advancements in this quarter[12] - There are no significant mergers or acquisitions reported during this period[12] - The company has not provided specific future guidance or market expansion strategies in the current report[12] - The company plans to focus on new product development and market expansion as part of its future strategy[22] - The company's cash flow statement for Q1 2023 indicates a need for improved cash management strategies moving forward[22]