SHD(SH:600630)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 452,985,106.57, representing a decrease of 25.77% compared to the same period last year[5]. - Total revenue for Q1 2023 was ¥452,985,106.57, a decrease of 26% compared to ¥610,220,625.94 in Q1 2022[17]. - Net profit for Q1 2023 was ¥12,624,593.19, compared to a net loss of ¥18,349,279.72 in Q1 2022[18]. - In Q1 2023, the company reported a net profit of CNY 12,770,437.30, compared to a net loss of CNY 18,024,617.69 in Q1 2022[19]. - The company incurred a total comprehensive income of CNY 12,817,355.63 in Q1 2023, compared to a total comprehensive loss of CNY 17,838,378.46 in Q1 2022[19]. - Basic and diluted earnings per share for Q1 2023 were CNY 0.03, recovering from a loss of CNY 0.04 per share in Q1 2022[19]. Cash Flow - The net cash flow from operating activities was CNY 90,230,882.61, indicating a focus on cash generation despite revenue decline[5]. - The operating cash flow for Q1 2023 was CNY 90,230,882.61, a significant improvement from a net cash outflow of CNY 98,988,006.79 in Q1 2022[22]. - The company's cash and cash equivalents increased to ¥395,587,256.71 as of March 31, 2023, up from ¥353,504,113.61 at the end of 2022[14]. - The company’s cash and cash equivalents at the end of Q1 2023 stood at CNY 385,275,772.99, an increase from CNY 348,466,185.01 at the end of Q1 2022[23]. - The company’s cash outflow from investing activities in Q1 2023 was CNY 568,032.40, compared to CNY 1,361,707.57 in Q1 2022, indicating a reduction in investment expenditures[22]. - Cash inflow from financing activities in Q1 2023 was CNY 125,000,000.00, down from CNY 339,173,828.03 in Q1 2022, reflecting a decrease of approximately 63.1%[23]. - The company reported a net cash outflow from financing activities of CNY 52,687,702.75 in Q1 2023, contrasting with a net inflow of CNY 64,933,575.77 in Q1 2022[23]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,587,330,733.00, down 6.79% from the end of the previous year[6]. - Total assets decreased to ¥1,587,330,733.00 from ¥1,702,880,678.15 at the end of 2022, indicating a decline of approximately 6.7%[16]. - Total liabilities decreased to ¥856,680,433.83 from ¥985,047,734.61, a reduction of about 13%[16]. - The company's inventory as of March 31, 2023, was ¥418,963,236.69, down from ¥464,592,523.15 at the end of 2022, representing a decrease of approximately 9.8%[14]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 54,259, with the largest shareholder holding 30.08% of the shares[10]. - The company's total equity increased to ¥730,650,299.17 as of March 31, 2023, from ¥717,832,943.54 at the end of 2022, reflecting a growth of about 1.1%[16]. Research and Development - Research and development expenses decreased by 39.08%, reflecting a reduction in ongoing projects[8]. - Research and development expenses for Q1 2023 were ¥5,648,256.74, down from ¥9,271,288.37 in Q1 2022, a reduction of about 39%[18]. Government Support - The company received government subsidies amounting to CNY 1,375,890.41, which were closely related to its normal business operations[7]. Accounts Receivable - The company reported a significant reduction in accounts receivable by 55.70% and a complete elimination of accounts receivable financing[7]. - The company reported a significant decrease in sales expenses, which were ¥108,301,014.67 in Q1 2023 compared to ¥132,153,843.43 in Q1 2022, a decline of approximately 18%[18].