SOPO(SH:600746)2023-04-20 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 1,324,537,176.92, representing a decrease of 36.10% compared to the same period last year[5] - The net profit attributable to shareholders was a loss of CNY 109,746,220.40, a decline of 126.93% year-over-year[5] - Basic earnings per share were CNY -0.0940, reflecting a decrease of 126.93% compared to the same period last year[9] - The company reported a net profit of -109,746,220.40 CNY for Q1 2023, compared to a net profit of 407,578,365.54 CNY in Q1 2022, indicating a significant decline[20] - Operating revenue from sales of goods and services was 1,273,001,305.86 CNY in Q1 2023, down from 1,896,681,634.05 CNY in Q1 2022, reflecting a decrease of approximately 32.8%[21] - The company recorded a total profit of -130,359,518.60 CNY in Q1 2023, down from 482,979,210.40 CNY in Q1 2022, marking a substantial decrease[20] - The company reported a decrease in tax expenses to -20,613,298.20 CNY in Q1 2023 from 75,400,844.86 CNY in Q1 2022, reflecting a change in tax liabilities[20] - The company's investment income for Q1 2023 was 325,610.28 CNY, down from 1,257,109.62 CNY in Q1 2022, indicating a decline in investment performance[21] Cash Flow and Liquidity - The net cash flow from operating activities was negative CNY 206,148,388.52, down 158.22% from the previous year[5] - The company experienced a net cash outflow from operating activities of -206,148,388.52 CNY in Q1 2023, compared to a net inflow of 354,075,789.49 CNY in Q1 2022[21] - Operating cash flow for Q1 2023 was -187,557,305.02 RMB, down from 336,502,411.99 RMB in Q1 2022, reflecting a negative cash flow situation[29] - Total cash inflow from operating activities was 1,184,850,085.98 RMB, compared to 1,665,419,081.87 RMB in the same period last year, showing a decrease of approximately 29%[29] - Cash and cash equivalents at the end of Q1 2023 were 372,412,101.00 RMB, down from 864,540,181.68 RMB at the end of Q1 2022, representing a decline of about 57%[29] - The company reported cash outflows from investing activities of 204,755,714.00 RMB in Q1 2023, significantly lower than 1,472,790,795.42 RMB in Q1 2022[29] - The cash flow from investing activities was -144,328,091.53 RMB, an improvement from -505,704,759.23 RMB in the previous year[29] Assets and Liabilities - Total assets at the end of the reporting period were CNY 6,113,832,074.88, a decrease of 1.35% from the end of the previous year[6] - Total liabilities increased to RMB 741,423,822.20 as of March 31, 2023, compared to RMB 717,928,837.69 at the end of 2022, indicating an increase of about 3.3%[16] - The company's total equity decreased to ¥5,284,987,726.54 as of March 31, 2023, from ¥5,358,664,936.56 at the end of 2022[26] - The company reported a decrease in retained earnings to RMB 1,458,050,670.41 from RMB 1,567,796,890.81, a decline of approximately 7%[16] Operational Metrics - The total operating costs for Q1 2023 were 1,492,761,488.49 CNY, compared to 1,591,678,480.51 CNY in the same period last year, showing a reduction of about 6.2%[21] - Research and development expenses decreased to 57,067,085.84 CNY in Q1 2023 from 65,009,265.55 CNY in Q1 2022, a decline of approximately 12.3%[21] - The gross profit margin for Q1 2023 was negative, with operating costs amounting to ¥1,096,271,501.69, leading to an operating loss of ¥88,555,115.15[26] - The company has not disclosed any new product developments or market expansion strategies during this reporting period[13] - The company did not report any new product launches or technological advancements during the quarter[30] - There were no significant mergers or acquisitions reported in the first quarter of 2023[30] - The company is not applying new accounting standards for the first time in 2023[30]