TANYUAN TECH(SH:603133)2023-04-26 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥30,118,326.21, representing a year-on-year increase of 40.90%[4] - The net profit attributable to shareholders was -¥10,092,132.62, a decrease of 23.40% compared to the same period last year[4] - The company's net loss for Q1 2023 was RMB 10,000,132.39, compared to a net loss of RMB 8,000,000.00 in Q1 2022, indicating a worsening of 25%[15] - The company reported a total comprehensive loss of -10,970,589.34 RMB for Q1 2023, compared to -13,877,323.94 RMB in Q1 2022, indicating a reduction in losses of approximately 21.0%[18] - Basic and diluted earnings per share for Q1 2023 were both -0.05 RMB, compared to -0.06 RMB in Q1 2022[18] Cash Flow and Liquidity - The net cash flow from operating activities was -¥2,757,071.05, reflecting a significant decline of 93.17%[4] - Cash flow from operating activities was negative at -2,757,071.05 RMB, an improvement from -40,341,648.59 RMB in the same period last year[22] - The company's cash and cash equivalents increased to RMB 33,296,993.08 as of March 31, 2023, compared to RMB 25,789,412.34 at the end of 2022, representing a growth of 29.6%[12] - Cash and cash equivalents at the end of Q1 2023 increased to 25,979,867.07 RMB from 37,068,479.41 RMB at the end of Q1 2022, reflecting a decrease of about 29.9%[23] - The company generated cash inflows from investment activities amounting to 14,883,000.00 RMB, a significant decrease from 114,625,787.24 RMB in Q1 2022[22] - Cash inflows from financing activities totaled 79,500,000.00 RMB, slightly down from 82,000,000.00 RMB in Q1 2022[23] - The company incurred a cash outflow of 80,251,217.37 RMB in financing activities, compared to 54,233,342.25 RMB in the previous year, indicating an increase in cash outflows[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥445,341,907.43, down 4.55% from the end of the previous year[5] - Total assets as of March 31, 2023, were RMB 445,341,907.43, down from RMB 466,547,584.18 at the end of 2022, a decline of 4.5%[15] - Total liabilities decreased to RMB 179,591,499.62 from RMB 189,826,587.03, reflecting a reduction of 5.8%[14] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 17,065[9] - The top shareholder, Xu Shizhong, holds 49,859,353 shares, accounting for 23.84% of the total shares[10] Research and Development - Research and development expenses decreased by 55.69%, primarily due to a reduction in R&D projects[8] - The company reported a decrease in research and development expenses to RMB 1,192,860.35 from RMB 2,692,353.61, a reduction of 55.7%[15] Inventory and Accounts Receivable - Accounts receivable stood at RMB 37,629,012.26, slightly down from RMB 37,673,767.56 at the end of 2022, indicating a decrease of 0.1%[12] - The company experienced a 100% decrease in accounts receivable financing, mainly due to a reduction in the proportion of bank acceptance bills for customer payments[8] - Inventory decreased to RMB 24,785,669.16 from RMB 33,866,282.42, showing a reduction of 26.8%[13] Operating Costs - Total operating costs for Q1 2023 were RMB 41,873,680.60, up from RMB 39,289,458.39 in Q1 2022, reflecting a year-over-year increase of 6.6%[15] - Total revenue from operating activities decreased to 27,318,776.73 RMB in Q1 2023, down from 37,179,415.44 RMB in Q1 2022, representing a decline of about 26.6%[21]