SYP(SH:600819)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥1,040,843,615.70, representing a decrease of 4.83% compared to the same period last year[5]. - The net profit attributable to shareholders was a loss of ¥65,779,884.53, with a basic earnings per share of -¥0.07[5][6]. - The company's net profit for Q1 2023 was impacted by increased R&D expenses, which rose to CNY 63,460,237.39 from CNY 48,018,355.83 in Q1 2022[19]. - The company reported a decrease in net profit attributable to shareholders, with retained earnings dropping to CNY 803,312,189.83 from CNY 869,092,074.37 at the end of 2022[15]. - The company reported a net loss of ¥77,175,582.42 for Q1 2023, compared to a net profit of ¥43,712,178.08 in Q1 2022, indicating a significant decline in profitability[20]. - Operating profit for Q1 2023 was -¥75,995,710.14, a decrease from an operating profit of ¥51,139,133.70 in the same period last year[20]. - Total revenue from operating activities was ¥1,154,221,781.63, down from ¥1,191,856,650.19 in Q1 2022, reflecting a year-over-year decline of approximately 3.2%[22]. - The total comprehensive loss attributable to the parent company was ¥65,779,884.53, compared to a comprehensive income of ¥38,396,436.20 in Q1 2022[21]. Cash Flow and Assets - The net cash flow from operating activities was -¥174,827,351.28, indicating a decline in operational efficiency[5][6]. - The company experienced a net cash outflow from operating activities of -¥174,827,351.28, compared to -¥15,291,798.47 in Q1 2022, indicating worsening cash flow issues[22]. - Cash flow from investing activities showed a net outflow of -¥47,553,763.77, slightly improved from -¥48,688,511.03 in the previous year[23]. - Cash flow from financing activities resulted in a net inflow of ¥153,590,304.16, an increase from ¥40,515,705.85 in Q1 2022, suggesting improved financing conditions[23]. - The company's cash and cash equivalents decreased to CNY 736,179,871.78 as of March 31, 2023, down from CNY 804,006,483.40 at the end of 2022[13]. - The company ended the quarter with cash and cash equivalents of ¥566,782,847.11, down from ¥637,885,159.69 at the beginning of the quarter[23]. Assets and Liabilities - Total assets at the end of the reporting period were ¥7,670,488,675.04, down 2.26% from the end of the previous year[6]. - Total assets as of March 31, 2023, amounted to CNY 7,670,488,675.04, a decrease from CNY 7,847,686,673.50 at the end of 2022[15]. - Total liabilities decreased to CNY 3,064,096,465.49 as of March 31, 2023, down from CNY 3,409,260,814.42 at the end of 2022[15]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 49,218[8]. - The top three shareholders held a combined 54.27% of the company's shares, with Shanghai Building Materials Group Co., Ltd. holding 30.83%[8][9]. - Shareholder equity attributable to the company was ¥3,433,386,253.50, a decrease of 1.20% compared to the previous year[6]. Operational Challenges - The company faced increased costs from bulk fuel and raw materials, impacting profitability due to reduced demand in the real estate and automotive sectors[6]. - The company's cash flow from operating activities showed a significant decline, indicating worsening operational challenges[22]. - The company did not report any new product launches or significant market expansion strategies during this quarter[24]. Acquisitions - The company completed the acquisition of 100% equity in Guilin Pilkington Safety Glass Co., Ltd. and Tianjin Riband Safety Glass Co., Ltd. as of the report date[11]. - The investment of CNY 305 million for the acquisition of 100% equity in AGC Specialty Glass (Dalian) Co., Ltd. is currently in the process of auditing and closing[11].