SGEG(SH:601616)2023-04-24 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 173,702,085.47, representing a decrease of 26.25% compared to the same period last year[3] - The net profit attributable to shareholders was CNY 1,611,964.11, down 87.53% year-on-year[3] - The basic earnings per share decreased by 87.42% to CNY 0.0019[3] - Operating profit for Q1 2023 was ¥5,595,472.96, down 71.7% from ¥19,746,268.68 in Q1 2022[18] - Net profit for Q1 2023 was ¥4,717,921.40, a decline of 72.3% compared to ¥17,057,492.44 in Q1 2022[19] - Total operating revenue for Q1 2023 was RMB 173,702,085.47, a decrease from RMB 235,512,809.53 in Q1 2022, representing a decline of approximately 26.3%[16] - Total operating costs for Q1 2023 were ¥174,890,331.86, down 20.6% from ¥220,030,670.74 in Q1 2022[18] - The company reported a decrease in sales revenue from services, receiving ¥192,425,247.44 in Q1 2023, down 11.7% from ¥217,943,802.53 in Q1 2022[21] Cash Flow and Assets - The net cash flow from operating activities increased by 115.86% to CNY 17,005,472.02[3] - The company reported a net cash flow from operating activities of ¥17,005,472.02, an increase of 116.9% from ¥7,878,166.08 in Q1 2022[21] - Cash and cash equivalents as of March 31, 2023, were RMB 925,411,044.97, down from RMB 1,119,914,608.88 as of December 31, 2022, indicating a decrease of about 17.4%[12] - Cash and cash equivalents at the end of Q1 2023 were ¥907,425,133.72, down from ¥1,103,309,862.81 at the beginning of the quarter[22] - The company incurred a net cash outflow from investing activities of ¥216,478,979.49 in Q1 2023, compared to a net outflow of ¥42,879,602.78 in Q1 2022[22] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,042,517,867.03, a decrease of 0.58% from the end of the previous year[4] - Total assets as of March 31, 2023, amounted to RMB 3,042,517,867.03, a slight decrease from RMB 3,060,204,543.12 at the end of 2022[14] - Total current liabilities decreased to RMB 397,138,515.94 from RMB 419,711,049.94, reflecting a reduction of approximately 5.4%[13] - The total non-current liabilities were RMB 39,845,722.44, slightly down from RMB 40,756,386.95[14] - The company's long-term equity investments remained stable at RMB 27,302,685.65, unchanged from the previous year[13] Shareholder Equity - The company's equity attributable to shareholders increased by 10.97% to CNY 2,454,292,233.99[4] - The total owner's equity as of March 31, 2023, was RMB 2,605,533,628.65, a marginal increase from RMB 2,599,737,106.23[14] - The company's retained earnings increased to RMB 265,793,714.70 from RMB 264,181,750.59, showing a growth of approximately 0.6%[14] - The company held 81,899,681 shares in its repurchase account, accounting for 8.75% of total shares outstanding[10] Research and Development - Research and development expenses increased by 38.30% compared to the previous period[6] - Research and development expenses increased to ¥10,296,697.10 in Q1 2023, up 38.5% from ¥7,443,088.66 in Q1 2022[18] Government Subsidies - The company received government subsidies amounting to CNY 3,727,554.65 related to its normal business operations[5] Other Financial Metrics - The weighted average return on equity was 0.07%, a decrease of 0.49 percentage points[3] - The company reported a significant increase in pre-receipts by 344.60% due to increased rental prepayments[6] - The company reported a significant increase in trading financial assets, rising to RMB 250,000,000.00 from RMB 34,600,000.00, marking a growth of over 620%[12]