Apple Group(SH:603020)2023-04-26 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 726,070,912.80, a decrease of 7.71% compared to the same period last year[5]. - The net profit attributable to shareholders was CNY 39,478,087.99, down 16.38% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 27,984,382.24, a decline of 31.35% compared to the previous year[5]. - Basic and diluted earnings per share were both CNY 0.1030, down 16.39% year-on-year[6]. - Total operating revenue for Q1 2023 was 673,544,069.10 RMB, a decrease of 6.4% compared to 719,479,731.67 RMB in Q1 2022[18]. - Net profit for Q1 2023 was 50,998,038.11 RMB, down 13.8% from 58,819,773.94 RMB in Q1 2022[18]. - Operating profit for Q1 2023 was 65,156,576.83 RMB, a decline of 14.4% from 76,060,986.10 RMB in Q1 2022[18]. - Total comprehensive income for Q1 2023 was 52,677,601.14 RMB, a decrease from 58,025,660.75 RMB in Q1 2022[19]. Cash Flow and Liquidity - The net cash flow from operating activities was negative CNY 4,524,551.20, representing a decrease of 106.68%[5]. - Cash flow from operating activities for Q1 2023 was -4,524,551.20 RMB, compared to a positive 67,721,175.20 RMB in Q1 2022[22]. - Cash and cash equivalents as of March 31, 2023, amounted to CNY 406,744,478.20, up from CNY 314,798,168.77 at the end of 2022, representing a 29.2% increase[14]. - Cash and cash equivalents at the end of Q1 2023 totaled 406,588,255.21 RMB, an increase from 214,195,116.77 RMB at the end of Q1 2022[23]. - Investment activities generated a net cash inflow of 73,908,994.72 RMB in Q1 2023, compared to a net outflow of -133,960,753.89 RMB in Q1 2022[22]. - Financing activities generated a net cash inflow of 23,657,101.47 RMB in Q1 2023, down from 33,248,532.36 RMB in Q1 2022[23]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,767,228,538.24, down 2.67% from the end of the previous year[6]. - Total assets decreased to CNY 3,767,228,538.24 as of March 31, 2023, from CNY 3,870,460,661.92 at the end of 2022, a decline of 2.7%[16]. - Total liabilities decreased to CNY 408,258,603.48 from CNY 553,984,650.63, a reduction of 26.2%[16]. - Non-current assets totaled CNY 1,510,495,687.80, down from CNY 1,555,404,889.09, a decrease of 2.9%[15]. - Short-term borrowings decreased to CNY 50,100,000.00 from CNY 67,017,335.00, a decline of 25.2%[15]. - The company's total equity increased to CNY 3,358,969,934.76 as of March 31, 2023, from CNY 3,316,476,011.29 at the end of 2022, an increase of 1.3%[16]. - The equity attributable to shareholders increased by 1.30% to CNY 3,109,056,707.85 compared to the end of the previous year[6]. Investment and Future Plans - The company reported a significant increase in investment income of 325.98% due to the sale of subsidiary equity[7]. - The company plans to focus on expanding its market presence and developing new products in the upcoming quarters[11]. - The lock-up period for shares issued in a private placement will end on May 9, 2023, allowing for potential liquidity in the market[11]. Research and Development - Research and development expenses for Q1 2023 were 10,597,643.52 RMB, a slight decrease of 4.4% from 11,082,045.25 RMB in Q1 2022[18]. Return on Equity - The weighted average return on equity was 1.28%, a decrease of 0.25 percentage points[6]. Inventory - Inventory as of March 31, 2023, was CNY 682,961,858.36, slightly up from CNY 669,005,792.38 at the end of 2022, an increase of 2%[14].