TANYUAN TECH(SH:603133)2023-04-28 16:00Revenue and Profitability - Revenue for Q1 2023 reached ¥30,118,326.21, representing a year-on-year increase of 40.90%[4] - Net profit attributable to shareholders was -¥10,092,132.62, a decrease of 23.40% compared to the same period last year[4] - Basic and diluted earnings per share were both -¥0.05, reflecting a 16.67% increase in loss per share[4] - The company reported a net loss for Q1 2023 of RMB 12,000,000, compared to a net loss of RMB 10,000,000 in Q1 2022, indicating a worsening of 20.0%[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] Cash Flow and Financial Position - Cash flow from operating activities was -¥2,757,071.05, 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 generated cash inflows from investment activities amounting to 14,883,000.00 RMB in Q1 2023, a significant decrease from 114,625,787.24 RMB in Q1 2022[22] - Cash inflows from financing activities totaled 79,500,000.00 RMB in Q1 2023, 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 during Q1 2023, compared to 54,233,342.25 RMB in Q1 2022, indicating an increase in financing costs[23] Assets and Liabilities - Total assets at the end of Q1 2023 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[10] - The top shareholder, Xu Shizhong, holds 49,859,353 shares, accounting for 23.84% of total shares[10] Research and Development - Research and development expenses decreased by 55.69%, attributed to a reduction in R&D projects[8] - Research and development expenses for Q1 2023 were RMB 1,192,860.35, down from RMB 2,692,353.61 in Q1 2022, a decrease of 55.7%[15] Operating Performance - The company reported a 40.90% increase in operating income due to an increase in orders for structural components[8] - Total operating revenue for Q1 2023 was RMB 30,118,326.21, an increase of 40.8% compared to RMB 21,375,959.89 in Q1 2022[15] - Total operating costs for Q1 2023 were RMB 41,873,680.60, up from RMB 39,289,458.39 in Q1 2022, representing a 6.6% increase[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] Other Financial Metrics - The company reported a decrease in other income to RMB 822,757.44 from RMB 1,537,871.47 in Q1 2022, a decline of 46.5%[15] - 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, reflecting a growth of 29.0%[12] - Accounts receivable stood at RMB 37,629,012.26 as of March 31, 2023, slightly down from RMB 37,673,767.56 at the end of 2022, indicating a decrease of 0.1%[12] - Inventory decreased to RMB 24,785,669.16 from RMB 33,866,282.42, showing a reduction of 26.8%[13] - 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 29.8%[23] - The company reported a foreign exchange loss of -104,311.17 RMB in Q1 2023, compared to -23,521.86 RMB in Q1 2022, reflecting increased volatility in currency exchange rates[23]