SHTD(SH:600647)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 358,529.53, a decrease of 78.07% compared to the same period last year[5] - The net profit attributable to shareholders was a loss of CNY 1,358,285.14, representing a decline of 121.26% year-over-year[5] - The basic earnings per share for the period was -CNY 0.0098, down 121.35% from the previous year[6] - The net profit for Q1 2023 was a loss of CNY 1,662,214.49, contrasting with a net profit of CNY 14,425,402.30 in Q1 2022, marking a significant downturn in profitability[22] - The total comprehensive income for Q1 2023 was -1,662,214.49 RMB, compared to 14,425,402.30 RMB in Q1 2022[23] - Basic and diluted earnings per share for Q1 2023 were -0.0098 RMB, compared to 0.0459 RMB in Q1 2022[23] Cash Flow - The net cash flow from operating activities was -CNY 5,449,657.25, indicating a significant cash outflow[5] - The cash inflow from operating activities totaled 1,580,760.62 RMB, down from 18,040,049.53 RMB in Q1 2022[26] - The cash outflow from operating activities was 7,030,417.87 RMB, compared to 163,609,983.09 RMB in Q1 2022, indicating a reduction in cash outflows[26] - The net cash flow from investing activities was -31,177.00 RMB, a decrease from 497,260.47 RMB in Q1 2022[26] - The net cash flow from financing activities was not reported, indicating no significant changes in financing during the quarter[27] - The ending cash and cash equivalents balance was 258,269,170.33 RMB, down from 294,187,479.34 RMB at the end of Q1 2022[27] Assets and Liabilities - Total assets at the end of the reporting period were CNY 345,440,528.82, a decrease of 1.71% from the end of the previous year[6] - Total assets decreased to CNY 345,440,528.82 as of March 31, 2023, from CNY 351,445,100.84 at the end of 2022, reflecting a reduction of approximately 1.5%[20] - The total current liabilities decreased to CNY 13,741,422.47 in Q1 2023, down from CNY 18,083,780.00 in the previous period, indicating a reduction of about 24.5%[19] - The company’s total equity as of March 31, 2023, was CNY 331,699,106.35, down from CNY 333,361,320.84 at the end of 2022[20] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 15,163[12] - The largest shareholder, Xinda Investment Co., Ltd., held 40.68% of the shares, totaling 56,606,455 shares[13] Business Outlook - The decline in operating revenue was primarily due to a decrease in real estate sales income[10] - The company plans to actively seek new business opportunities through cash acquisitions to ensure sustainable development[15] - The company’s management indicated ongoing uncertainty regarding its ability to continue as a going concern, emphasizing the need for strategic adjustments[15] Other Financial Metrics - The weighted average return on equity was -0.46%, a decrease of 2.53 percentage points compared to the previous year[6] - The company reported a non-recurring gain of CNY 20,097.99, mainly from tax refund[9] - The company reported a decrease in accounts receivable from CNY 147,210.83 in December 2022 to CNY 68,979.95 in March 2023, a decline of approximately 53%[18] - The total operating costs for Q1 2023 were CNY 1,889,484.87, compared to a negative CNY 12,242,544.54 in Q1 2022, indicating a substantial shift in cost structure[21] - The company's cash and cash equivalents as of March 31, 2023, were CNY 258,269,170.33, slightly down from CNY 263,750,004.58 at the end of 2022[17]