GEM-YEAR(SH:601002)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 486,617,482.94, a decrease of 27.64% compared to the same period last year[6]. - The net profit attributable to shareholders was CNY 19,119,450.12, down 64.96% year-on-year[6]. - The basic earnings per share (EPS) was CNY 0.020, reflecting a decline of 64.91% compared to the previous year[7]. - The company's net profit for Q1 2023 was not explicitly stated, but the significant decrease in revenue and costs suggests a challenging financial environment[20]. - The total comprehensive income for Q1 2023 was CNY 19,252,450.66, compared to CNY 54,518,578.74 in Q1 2022, reflecting a decline of 64.7%[21]. - The company experienced a decrease in sales revenue from goods and services, totaling CNY 418,292,753.93, down 24.2% from CNY 552,029,382.07 in the previous year[24]. Assets and Liabilities - The total assets at the end of the reporting period amounted to CNY 5,375,288,968.66, an increase of 2.10% from the end of the previous year[7]. - Total assets as of March 31, 2023, were CNY 5,375,288,968.66, up from CNY 5,264,521,421.02 at the end of 2022, representing a growth of 2.1%[19]. - Total liabilities increased to CNY 1,072,893,788.69 from CNY 983,623,091.04, an increase of 9.1%[18]. - The company reported a total equity of CNY 4,302,395,179.97 as of March 31, 2023, compared to CNY 4,280,898,329.98 at the end of 2022, indicating a slight increase of 0.5%[19]. Cash Flow - Cash flow from operating activities was CNY 102,992,556.08, with no applicable year-on-year comparison[6]. - The cash flow from operating activities showed a net inflow of CNY 102,992,556.08, a significant improvement from a net outflow of CNY -167,570,372.64 in Q1 2022[24]. - The company reported a cash outflow from investing activities of CNY -38,944,363.70, compared to CNY -3,511,609.40 in the previous year[25]. - The company incurred a cash outflow from financing activities of CNY -64,615,054.32, contrasting with a net inflow of CNY 20,260,324.49 in Q1 2022[25]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 55,891[12]. - The largest shareholder, CHIN CHAMP ENTERPRISE CO., LTD., held 372,064,367 shares, representing 38.79% of the total shares[13]. Research and Development - Research and development expenses decreased by 37.95%, indicating a reduction in investment in this area[10]. - Research and development expenses for Q1 2023 were CNY 17,140,457.91, down 38.1% from CNY 27,621,429.45 in Q1 2022, reflecting a strategic focus on cost management[20]. Revenue and Costs - Total operating costs for Q1 2023 were CNY 451,115,214.38, down 26.2% from CNY 611,095,038.26 in Q1 2022[20]. - The total revenue from operating activities was CNY 440,382,782.43, down 21.8% from CNY 562,969,433.85 in the same period last year[24]. - The company's cash and cash equivalents decreased to CNY 112,958,938.68 from CNY 114,645,965.13 as of December 31, 2022, reflecting a decline of 1.5%[16]. - Accounts receivable decreased to CNY 622,854,482.27 from CNY 694,289,135.44, a reduction of 10.3%[16]. - Inventory increased to CNY 1,798,371,747.58 from CNY 1,723,488,739.01, an increase of 4.3%[17]. - The company reported a tax expense of CNY 2,925,522.43 for Q1 2023, compared to CNY 6,696,356.23 in Q1 2022, indicating a reduction of 56.4%[21]. Return on Equity - The weighted average return on equity (ROE) decreased by 0.86 percentage points to 0.45%[7].