Cynda(SH:603086)2023-04-25 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 547,800,695.47, representing a decrease of 2.39% compared to the same period last year[5] - The net profit attributable to shareholders was CNY 44,424,279.36, down 41.36% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 35,864,989.27, a decline of 48.56% compared to the previous year[5] - Basic earnings per share were CNY 0.14, reflecting a decrease of 41.67% compared to the same period last year[6] - Net profit for Q1 2023 was CNY 45.22 million, down 40.3% from CNY 75.76 million in Q1 2022[17] - The company reported a gross profit margin of approximately 13.1% in Q1 2023, down from 18.9% in Q1 2022[26] Cash Flow - The net cash flow from operating activities was negative at CNY -40,800,207.31, a decrease of 135.87% year-on-year[5] - Cash flow from operating activities showed a net outflow of CNY 40.80 million, a significant decline from a net inflow of CNY 113.75 million in Q1 2022[21] - Cash inflow from investment activities was CNY 707.01 million, while cash outflow was CNY 893.10 million, resulting in a net cash outflow of CNY 186.08 million[21] - Cash flow from investing activities showed a net outflow of $20,935,755.40 in Q1 2023, slightly worse than the outflow of $19,961,459.72 in Q1 2022[29] - Cash flow from financing activities resulted in a net inflow of $30,000,000.00 in Q1 2023, down from $60,000,000.00 in Q1 2022, reflecting a 50% decrease[30] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,638,673,720.36, an increase of 8.53% from the end of the previous year[6] - The total liabilities of the company increased to CNY 1,408,925,815.71 from CNY 1,171,764,894.48, marking an increase of approximately 20.2%[15] - The company's equity attributable to shareholders rose to CNY 2,224,241,184.17 from CNY 2,176,337,674.88, reflecting an increase of about 2.2%[15] - Total assets as of March 31, 2023, were CNY 2,367,481,858.22, an increase from CNY 2,167,632,518.03 at the end of 2022[25] - Total liabilities increased to CNY 844,979,124.62 in Q1 2023 from CNY 653,030,638.21 in Q4 2022[25] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 21,042[9] - The company's current assets totaled CNY 2,271,940,933.50, up from CNY 2,025,041,978.72, indicating an increase of about 12.2%[14] Inventory and Expenses - The company's inventory increased to CNY 935,695,266.43 from CNY 639,667,256.31, representing a growth of approximately 46.2%[13] - Research and development expenses for Q1 2023 were CNY 8,507,368.09, a decrease from CNY 10,219,808.23 in Q1 2022[26] - The company reported an increase in financial expenses to CNY 7.65 million, up from CNY 1.73 million in Q1 2022[16] Non-Recurring Gains and Losses - The company reported non-recurring gains of CNY 8,559,290.09, primarily from government subsidies and other income[7] - The decline in net profit was mainly attributed to a decrease in the sales prices of the company's main products[7] - Other income for Q1 2023 was CNY 9.18 million, significantly higher than CNY 1.59 million in Q1 2022[16] - The company incurred an investment loss of CNY 2.15 million in Q1 2023, contrasting with an investment gain of CNY 3.59 million in the same period last year[17]