FUDAN FORWARD(SH:600624)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥170,001,077.38, representing a decrease of 22.17% compared to the same period last year[5] - The net profit attributable to shareholders was ¥871,624.71, down 84.86% year-on-year[5] - Basic earnings per share decreased by 84.52% to ¥0.0013[5] - The net profit after deducting non-recurring gains and losses was -¥494,620.49, a decline of 122.88% year-on-year[5] - Net profit for Q1 2023 was ¥995,893.60, a decline of 83.7% from ¥6,112,221.17 in Q1 2022[20] - The company reported a comprehensive loss of ¥3,141,588.86 for Q1 2023, compared to a comprehensive income of ¥347,842.08 in Q1 2022[21] Cash Flow - The net cash flow from operating activities was -¥12,328,043.58, reflecting a significant decline of 1,226.92% compared to the previous year[5] - In Q1 2023, the net cash flow from operating activities was -12,328,043.58 RMB, a significant decline from 1,093,959.47 RMB in Q1 2022, indicating a negative cash flow trend[24] - Total cash inflow from operating activities decreased to 194,114,784.34 RMB, down 9.4% from 214,365,681.94 RMB in the same period last year[24] - Cash outflow from operating activities was 206,442,827.92 RMB, slightly lower than 213,271,722.47 RMB in Q1 2022, reflecting a 3.2% reduction[24] - The net cash flow from investing activities was -8,026,069.30 RMB, compared to a positive cash flow of 918,061.58 RMB in Q1 2022, indicating a shift towards increased investment expenditures[26] - The net cash flow from financing activities was -32,977,415.07 RMB, contrasting with a positive cash flow of 14,588,170.25 RMB in the previous year, highlighting increased cash outflows for debt repayment[26] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,808,630,169.10, a decrease of 2.78% from the end of the previous year[6] - The company's total liabilities amounted to ¥865,307,708.47, slightly down from ¥866,680,976.10 in the previous period[17] - Total current liabilities were RMB 592,563,981.87, compared to RMB 587,185,437.12, indicating a slight increase of approximately 0.6%[16] - The total non-current liabilities were ¥272,743,726.60, down from ¥279,495,538.98 in the previous period[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 70,399[10] - The largest shareholder, Shanghai Fengxian Investment (Group) Co., Ltd., held 18.74% of the shares, totaling 128,338,600 shares[10] Operational Insights - The company received a qualified opinion audit report from Lixin Accounting Firm for the reporting period[12] - The company has not disclosed any new product developments or market expansion strategies in the current report[12] - Research and development expenses for Q1 2023 were ¥9,253,798.88, compared to ¥9,852,588.57 in Q1 2022, indicating a reduction in R&D spending[20] - The company invested 5,600,000.00 RMB in new projects during the quarter, reflecting a strategic focus on growth despite the overall cash flow challenges[26] Asset Composition - Current assets totaled RMB 1,047,584,011.51, down from RMB 1,094,143,021.25, indicating a decrease of about 4.3%[15] - Cash and cash equivalents decreased to RMB 254,018,224.60 from RMB 309,179,212.24, representing a decline of approximately 17.8%[15] - Accounts receivable stood at RMB 84,647,714.09, slightly down from RMB 86,489,881.84, a decrease of about 2.1%[15] - Inventory increased to RMB 665,078,263.15 from RMB 655,752,347.16, showing an increase of approximately 1.9%[15] - Short-term borrowings rose to RMB 385,000,000.00 from RMB 359,000,000.00, reflecting an increase of about 7.2%[16] - Long-term equity investments increased to RMB 24,343,196.67 from RMB 19,082,057.20, representing an increase of about 27.5%[16]