n.n.store(SH:600712)2023-04-26 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥154,506,817.81, representing a decrease of 8.21% compared to the same period last year[5]. - The net profit attributable to shareholders was a loss of ¥4,406,678.43, down 7.92% year-on-year[5]. - The basic and diluted earnings per share were both -¥0.0081, reflecting an 8.00% decline[5]. - The weighted average return on equity was -0.54%, an increase of 0.08 percentage points[5]. - The net loss for Q1 2023 was CNY 156,968,182.16, compared to a loss of CNY 152,561,503.73 in Q1 2022[15]. - Operating profit for Q1 2023 was -4,227,847.94 RMB, worsening from -3,499,484.27 RMB in the same period last year[17]. - The total comprehensive income for Q1 2023 was -4,406,678.43 RMB, compared to -4,083,296.89 RMB in Q1 2022, indicating a decline in overall financial performance[17]. - The net profit for Q1 2023 was CNY 1,396,132.96, a decrease of approximately 62.8% compared to CNY 3,750,567.66 in Q1 2022[25]. - The basic and diluted earnings per share for Q1 2023 were both -0.0081 RMB, compared to -0.0075 RMB in Q1 2022, reflecting a worsening in earnings per share[17]. Cash Flow and Liquidity - The net cash flow from operating activities increased by 130.14% to ¥13,727,018.27 compared to the previous year[5]. - Cash flow from operating activities generated a net inflow of 13,727,018.27 RMB, a significant improvement from a net outflow of -45,538,519.32 RMB in Q1 2022[19]. - Total cash and cash equivalents at the end of Q1 2023 stood at 162,266,413.50 RMB, compared to 138,687,205.87 RMB at the end of Q1 2022, reflecting a year-over-year increase of approximately 17.0%[20]. - The company's cash outflow for operating activities was CNY 168,119,059.25, down from CNY 302,603,174.14 in the previous year, indicating improved cash management[26]. - The net cash flow from financing activities was -$31,216,017.55, an improvement from -$35,027,398.62 in the previous year[27]. - The net cash increase for the first quarter of 2023 was $60,498,313.10, compared to a decrease of $75,812,965.74 in the previous year[28]. - The company’s cash flow management shows a significant recovery in cash position compared to the previous year[28]. Assets and Liabilities - Total assets at the end of Q1 2023 were ¥1,557,722,940.38, a decrease of 2.87% from the end of the previous year[6]. - The company's total assets decreased to CNY 1,557,722,940.38 from CNY 1,603,732,548.49, a decline of 2.9%[15]. - The total liabilities amounted to CNY 833,590,369.00, compared to CNY 814,815,163.21 in the previous year, indicating an increase of about 2.5%[23]. - Current liabilities totaled CNY 680,572,189.72, a reduction of 5.8% from CNY 722,813,978.35 in the previous year[14]. - The equity attributable to shareholders decreased by 0.54% to ¥816,682,498.66 compared to the end of the previous year[6]. - The total equity of the company was CNY 1,091,078,250.96, slightly up from CNY 1,089,682,118.00 in the previous year, showing a marginal increase[23]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 37,912[9]. - The largest shareholder, Nanning Futian Investment Co., Ltd., holds 102,687,831 shares, accounting for 18.85% of the total shares, with a significant portion pledged[10]. Operating Costs and Expenses - Total operating costs for Q1 2023 were CNY 159,227,804.59, down 7.4% from CNY 171,866,860.58 in Q1 2022[16]. - The company incurred total operating expenses of 293,058,665.83 RMB in Q1 2023, compared to 381,236,458.08 RMB in Q1 2022, indicating a reduction of about 23.1%[19]. - The company reported a decrease in employee compensation payable to CNY 5,954,481.97 from CNY 8,787,951.07, a reduction of 32.2%[14]. - The company's financial expenses for Q1 2023 were CNY 2,783,495.75, compared to CNY 2,612,073.14 in the previous year, reflecting an increase of approximately 6.5%[25]. Government Support - The company received government subsidies amounting to ¥446,478.97 related to employment support[7].