Yuejian Intelligent(SH:603095)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥205,641,290.07, representing a decrease of 38.46% compared to the same period last year[5]. - The net profit attributable to shareholders was ¥26,089,346.74, down 47.00% year-over-year[5]. - The basic earnings per share decreased by 47.01% to ¥0.20[5]. - The company reported a net profit of RMB 28,338,547.04 for Q1 2023, compared to a net profit of RMB 50,534,238.21 in Q1 2022, representing a decline of 44%[17]. - The net profit for Q1 2023 was CNY 26,081,701.73, a decrease of 47.1% compared to CNY 49,218,553.74 in Q1 2022[18]. - The total comprehensive income for Q1 2023 was CNY 32,210,999.87, down from CNY 38,146,034.09 in Q1 2022, reflecting a decline of 15.5%[19]. - Basic and diluted earnings per share for Q1 2023 were CNY 0.20, down from CNY 0.37 in Q1 2022, reflecting a decline of 45.9%[19]. Assets and Liabilities - The total assets at the end of Q1 2023 were ¥3,139,580,184.73, a decline of 2.19% from the end of the previous year[6]. - Cash and cash equivalents as of March 31, 2023, amounted to RMB 1,309,383,550.92, a decrease of 3.8% from RMB 1,361,137,800.70 at the end of 2022[13]. - Total assets as of March 31, 2023, were RMB 3,139,580,184.73, a decrease of 2.2% from RMB 3,209,988,891.68 at the end of 2022[16]. - Total liabilities decreased to RMB 557,543,304.71 in Q1 2023 from RMB 660,163,011.53 in Q4 2022, a reduction of 15.6%[15]. - The company’s equity attributable to shareholders increased to RMB 2,581,540,593.85 as of March 31, 2023, from RMB 2,549,321,948.97 at the end of 2022, an increase of 1.3%[16]. Cash Flow - The net cash flow from operating activities was negative at -¥50,286,395.24, primarily due to decreased sales and increased cash payments[8]. - Cash flow from operating activities showed a net outflow of CNY -50,286,395.24, compared to a net inflow of CNY 49,400,736.71 in the same period last year[22]. - The company incurred a cash outflow of CNY 265,657,256.22 from operating activities, compared to CNY 340,436,899.65 in Q1 2022, indicating a decrease of 22%[22]. - Investment activities resulted in a net cash outflow of CNY -829,765.40, contrasting with a net inflow of CNY 7,994,617.07 in the previous year[22]. - The company raised CNY 70,000,000.00 through financing activities, down from CNY 100,000,000.00 in Q1 2022[23]. - The cash and cash equivalents at the end of Q1 2023 stood at CNY 1,308,303,550.92, a decrease from CNY 974,243,785.34 at the end of Q1 2022[23]. Sales and Revenue - The company experienced a significant decline in sales revenue due to decreased industry demand, particularly in the sales of its main products[8]. - Total operating revenue for Q1 2023 was RMB 205,641,290.07, a decrease of 38.3% compared to RMB 334,134,779.73 in Q1 2022[17]. - Sales revenue from goods and services received in cash was CNY 191,375,335.19, a significant drop of 46.8% from CNY 359,570,971.84 in Q1 2022[21]. - Total operating costs for Q1 2023 were RMB 177,302,743.03, down 37.4% from RMB 283,600,541.52 in Q1 2022[17]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 10,491[10]. - Zhejiang Yuejian Holdings Co., Ltd. held 34.98% of the shares, making it the largest shareholder[11]. Research and Development - Research and development expenses for Q1 2023 were RMB 6,125,243.81, down 45% from RMB 11,165,146.12 in Q1 2022[17]. Impairment Losses - The company reported a significant increase in credit impairment losses, amounting to CNY 160,750.55 in Q1 2023 compared to CNY 339,020.67 in Q1 2022[18].