SCGS(SH:600678)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥77,316,664.53, representing a decrease of 5.20% compared to the same period last year[5]. - The net profit attributable to shareholders of the listed company was ¥1,661,295.42, down 80.39% year-on-year[5]. - The company's basic earnings per share were ¥0.0048, reflecting a decrease of 80.25% year-on-year[5]. - In Q1 2023, the company's net profit was CNY 1,578,446.15, a decrease of 80.9% compared to CNY 8,256,615.27 in Q1 2022[30]. - The total profit for Q1 2023 was CNY 4,961,758.65, down 40.5% from CNY 8,270,800.62 in the same period last year[30]. - Operating profit for Q1 2023 was CNY 5,154,910.92, a decline of 39.5% compared to CNY 8,482,154.86 in Q1 2022[30]. - Sales revenue from goods and services received in Q1 2023 was CNY 63,694,368.98, a decrease from CNY 67,461,850.57 in Q1 2022[33]. - The company incurred financial expenses of CNY 4,161,260.39 in Q1 2023, up from CNY 3,590,999.23 in Q1 2022[30]. - The company reported a decrease in management expenses to CNY 9,369,540.86 in Q1 2023 from CNY 9,986,210.80 in Q1 2022[30]. - The basic and diluted earnings per share for Q1 2023 were CNY 0.0048, down from CNY 0.0243 in Q1 2022[30]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥9,785,611.99, a decline of 189.21% compared to the previous year[5]. - The company's cash flow from operating activities showed a net outflow of CNY -9,785,611.99, compared to a net inflow of CNY 10,968,872.78 in Q1 2022[33]. - Cash and cash equivalents at the end of Q1 2023 totaled CNY 44,451,313.48, an increase from CNY 16,221,196.78 at the end of Q1 2022[34]. - The company reported a cash balance of RMB 57,060,413.48 as of March 31, 2023, compared to RMB 37,148,451.76 at the end of 2022, indicating improved liquidity[25]. - The company had a net cash inflow from financing activities of CNY 85,852,865.71 in Q1 2023, compared to a net outflow of CNY -830,500.02 in Q1 2022[34]. Assets and Liabilities - The total assets at the end of the reporting period were ¥705,907,611.68, an increase of 10.19% from the end of the previous year[6]. - As of March 31, 2023, the total assets of the company amounted to RMB 705,907,611.68, an increase from RMB 640,616,023.89 at the end of 2022[24]. - The company's total liabilities as of March 31, 2023, were RMB 434,662,263.35, compared to RMB 367,396,750.93 at the end of 2022, indicating an increase in liabilities[27]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 38,426[13]. - The largest shareholder, Shenzhen Pusu Zhichun Investment Enterprise, holds 71,553,484 shares, accounting for 20.50% of total shares[13]. - The top ten shareholders include both natural persons and institutional investors, with the largest holding being a limited partnership[13]. - The company has no known related party relationships among the top ten shareholders, except for Pusu Zhichun and Luoyang Junying[14]. Operational Changes - The company experienced a 30.18% increase in selling expenses, attributed to higher sales volume and the addition of new subsidiaries[10]. - The company reported a significant increase in prepayments by 581.34%, mainly due to a prepayment of ¥44 million for engineering by a subsidiary[9]. - The company reported a 100% increase in receivables financing, indicating an increase in acceptance bills received during the period[9]. - The company has completed all payments related to the civil mediation agreement by the end of the reporting period[15]. - The company has a pending payment of RMB 2.1 million to Jiangxi Nuclear Industry Construction Co., as per a civil mediation agreement[15]. - The company plans to apply for a financing limit of up to RMB 650 million from banks and financial institutions in 2023[22]. Loans and Financing - The company has a current loan balance of RMB 600 million from related parties, with a borrowing term of 1 year and a possible extension[19]. - The subsidiary, Sichuan Jinding Shuncai Mining Co., Ltd., has a loan balance of RMB 99,917,964.78 from Hai Liang Metal Trading Group[20]. - The company’s subsidiary, Luoyang Jinding, has applied for a loan of RMB 22 million from a bank, with a loan term of 6 years[16]. - As of the report date, Luoyang Jinding has secured loans totaling RMB 13 million from various banks, all guaranteed by Guoyuan Group[18]. - The interest rates for the loans range from 4.30% to 5.39%[18]. Inventory and Receivables - The company’s accounts receivable increased to RMB 3,234,033.42 from RMB 2,872,132.46, showing a growth in credit sales[25]. - The company’s inventory decreased to RMB 6,408,193.64 from RMB 8,073,814.33, suggesting a potential improvement in inventory management[25]. Market and Product Development - The company has not disclosed any new product developments or market expansion strategies in the current report[14].