ELIANSH(SH:600836)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥126,830,005.78, representing a decrease of 11.19% compared to the same period last year[2]. - The net profit attributable to shareholders was ¥1,231,824.78, down 43.44% year-on-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥4,300,965.61, a significant decline of 712.68%[2]. - The net cash flow from operating activities was -¥76,599,505.09, reflecting a decrease of 398.76% compared to the previous year[2]. - Basic and diluted earnings per share were both ¥0.0018, down 45.45% year-on-year[2]. - The total revenue from operating activities was CNY 1,193,006,175.56, compared to CNY 815,435,011.30 in the same period last year, indicating a year-over-year increase of about 46.2%[27]. - The company reported a total profit of CNY 7,250,023.28, down from CNY 10,592,360.42 in the previous year, reflecting a decrease of approximately 31.8%[25]. - Earnings per share (EPS) for Q1 2023 were CNY 0.0018, down from CNY 0.0033 in Q1 2022, representing a decline of about 45.5%[25]. - The total operating costs for Q1 2023 were RMB 127,777,990.14, down from RMB 132,938,182.63 in the same period last year, representing a decline of approximately 3.3%[23]. - The company reported a net investment loss of RMB 512.58 in Q1 2023, a significant improvement from a loss of RMB 1,723,855.82 in Q1 2022[23]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,032,996,428.26, a decrease of 1.35% from the end of the previous year[3]. - The company's total liabilities as of March 31, 2023, were RMB 853,048,804.15, down from RMB 884,488,317.46 at the end of 2022, indicating a reduction of about 3.5%[20]. - The total equity attributable to shareholders increased slightly to RMB 1,149,183,151.28 from RMB 1,146,573,879.35, showing a growth of approximately 0.2%[21]. - The cash and cash equivalents as of March 31, 2023, were RMB 1,115,620,852.44, an increase from RMB 999,430,445.95 at the end of 2022, reflecting a growth of approximately 11.6%[18]. - The cash and cash equivalents at the end of Q1 2023 totaled CNY 1,115,620,852.44, an increase from CNY 935,737,191.45 at the end of Q1 2022, marking a growth of approximately 19.3%[29]. Shareholder Activities - The total number of ordinary shareholders at the end of the reporting period was 33,328[6]. - Shareholders, including former chairman Zhao Hongguang, planned to increase their holdings, with a total intended investment of at least RMB 50 million[12]. - As of April 26, 2023, the total amount of shares purchased by the shareholders reached RMB 10,000,000, with specific amounts for each individual[14]. - The company plans to reduce the number of restricted shares by repurchasing and canceling 3,800,000 shares, which will decrease the total share capital from 672,753,072 shares to 668,953,072 shares[6]. Corporate Governance - The company’s board of directors underwent changes, with Bai Song elected as the new chairman[12]. - Zhao Hongguang, the former chairman, resigned from all positions within the company[11]. - The company appointed Xu Shi as the new general manager, effective from April 28, 2023, following the resignation of the previous general manager[16]. - The company’s first quarter report indicates ongoing strategic adjustments and governance improvements[9]. Investments and Subsidiaries - The company established a wholly-owned subsidiary, Beijing Yilian New Energy Co., Ltd., with an investment of RMB 200 million[11]. - The company completed the transfer of packaging printing project assets for a total price of RMB 218 million, which includes tax[10]. - The company provided a guarantee for the asset transfer transaction involving its subsidiary Zhejiang Foreign Trade[10]. - The company has completed the registration procedures for the new subsidiary, which is now officially named Beijing Yilian Xing Innovation Energy Co., Ltd.[11]. Tax and Expenses - The company reported an increase in tax expenses related to the transfer of factory land, contributing to the decline in cash flow[5]. - The company reported a decrease in income tax expenses to CNY 4,949,915.08 from CNY 8,353,332.33 in Q1 2022, a reduction of approximately 40.5%[25]. - Research and development expenses increased significantly to RMB 1,808,361.59 in Q1 2023, compared to RMB 641,038.08 in Q1 2022, marking an increase of approximately 182.5%[23].