NPEC(SH:600775)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was RMB 558,119,921.10, a decrease of 47.36% compared to the same period last year[23] - The net profit attributable to shareholders of the listed company was a loss of RMB 30,450,577.25, with no applicable comparison[23] - The net cash flow from operating activities was a negative RMB 173,980,108.81, representing a decrease of 457.38%[23] - The company's operating revenue decreased by 47.36% due to delays in project progress in the smart transportation business and a reduction in orders in the green service-oriented electronic manufacturing sector[37] - The net profit attributable to shareholders of the listed company decreased significantly, primarily due to the same factors affecting operating revenue[37] - Cash flow from operating activities decreased by 457.38%, mainly due to a year-on-year decline in cash received from sales of goods and services[37] - The company reported a net cash outflow from operating activities of ¥173,980,108.81 for Q1 2023, compared to a net inflow of ¥48,682,571.95 in Q1 2022[53] - Total operating revenue for Q1 2023 was ¥558,119,921.10, a decrease of 47.5% compared to ¥1,060,341,055.39 in Q1 2022[72] - The company reported a comprehensive income total of ¥4,984,610.05 for Q1 2023, compared to a loss of -¥10,045,326.19 in Q1 2022[57] - The net profit for Q1 2023 was ¥4,984,610.05, a significant recovery from a net loss of ¥10,018,159.74 in Q1 2022[79] Assets and Liabilities - The total assets at the end of the reporting period were RMB 5,573,845,377.14, down 4.93% from the previous year-end[23] - The equity attributable to shareholders of the listed company was RMB 3,524,473,519.38, a decrease of 0.83% compared to the previous year-end[23] - As of March 31, 2023, total assets amounted to ¥5,573,845,377.14, a decrease from ¥5,863,034,744.88 as of December 31, 2022, representing a decline of approximately 4.93%[44] - Current assets totaled ¥3,601,007,157.17, down from ¥3,882,727,335.24, indicating a decrease of about 7.24%[44] - Total liabilities decreased to ¥1,783,404,785.83 from ¥2,052,720,609.40, a reduction of approximately 13.07%[47] - The total owner's equity decreased to ¥3,790,440,591.31 from ¥3,810,314,135.48, a decline of approximately 0.52%[47] - The total liabilities as of the reporting date were ¥337,321,116.83, slightly up from ¥336,440,702.55 in the previous period[55] - The company's long-term liabilities totaled ¥1,789,350.53, an increase from ¥1,470,230.97 in the previous period[55] Cash Flow and Investments - The company reported an investment income of RMB 29,916,770.01, an increase from RMB 19,257,496.64 in the previous year[13] - The company reported a 55.35% increase in investment income, attributed to higher returns from investments in joint ventures[37] - The company's cash flow from investment activities was ¥354,579,487.96 in Q1 2023, compared to ¥473,718,187.11 in Q1 2022, indicating a decrease of about 25.2%[53] - Net cash flow from investment activities in Q1 2023 was -¥86,058,689.74, compared to a positive cash flow of ¥147,924,000.83 in Q1 2022[58] Research and Development - Research and development expenses for the period were RMB 50,851,851.93, down from RMB 70,122,582.05 in the previous year[13] - Research and development expenses for Q1 2023 were ¥8,351,432.11, a decrease from ¥9,763,958.50 in Q1 2022[79] Earnings and Shareholder Information - The company’s basic and diluted earnings per share were both -0.0333 yuan[23] - The company’s weighted average return on net assets was -0.86%[23] - Basic and diluted earnings per share were both -0.0333, worsening from -0.0186 in the previous period[84] - The net profit attributable to minority shareholders was 9,678,287.77, up from 7,149,238.56 in the previous period[84] Other Financial Metrics - The company experienced a 64.12% decrease in employee compensation payable, primarily due to payments of salaries and bonuses this period[36] - The company’s contract assets decreased by 59.43%, as some contract assets recognized at the beginning of the period were transferred to receivables[36] - The company’s financial assets decreased by 47.77%, mainly due to the maturity of certain bank wealth management products[36] - The company’s accounts receivable decreased by 53.06%, primarily due to the maturity of certain notes receivable this period[36] - The company's inventory increased to ¥668,064,681.08 from ¥601,451,915.31, marking an increase of about 11.06%[44] - Long-term equity investments rose to ¥742,939,388.40 from ¥717,388,041.95, an increase of approximately 3.57%[44] - The company experienced a decrease in cash outflows related to operating activities, which totaled ¥70,228,207.26 in Q1 2023 compared to ¥238,977,358.37 in Q1 2022[80] Strategic Outlook - The company has not indicated any new product launches or significant market expansion strategies during this reporting period[81]