VASTDATA(SH:603138)2023-04-19 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥56,043,659.60, representing a decrease of 28.93% compared to the same period last year[3]. - The net profit attributable to shareholders was -¥29,408,804.65, indicating a significant loss[3]. - The weighted average return on net assets was -3.37%, showing a decline due to reduced profits[3][7]. - The basic and diluted earnings per share were both -¥0.10, indicating a loss per share[3]. - Net profit for Q1 2023 was -¥30,997,273.29, compared to -¥12,672,255.41 in Q1 2022, reflecting a worsening financial performance[16]. - The total comprehensive income attributable to shareholders was -¥29,409,529.90 in Q1 2023, compared to -¥10,754,109.95 in Q1 2022, showing increased losses[17]. - Operating profit for Q1 2023 was -¥31,391,480.59, compared to -¥12,595,604.79 in Q1 2022, indicating a significant increase in losses[16]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥31,291,402.25, reflecting a decrease in cash received from sales and an increase in cash paid to employees[3][7]. - The company's cash and cash equivalents decreased to ¥555,856,515.15 from ¥747,866,937.66, reflecting a reduction of about 25.6%[12]. - The cash inflow from sales of goods and services was $68,438,997.92, down from $81,181,251.12 in the previous year, reflecting a decline of approximately 15.6%[18]. - The cash outflow for purchasing goods and services was $49,949,087.49, an increase from $41,674,249.24 in Q1 2022, representing a rise of about 19.5%[18]. - The company reported a cash flow from operating activities net amount of -$31,291,402.25, indicating a negative trend in operational cash generation[18]. Assets and Liabilities - Total assets at the end of the reporting period were ¥975,330,683.14, down 4.81% from the previous year-end[4]. - The equity attributable to shareholders decreased by 3.14% to ¥859,205,608.74 compared to the previous year-end[4]. - The total current liabilities decreased from ¥73,498,198.70 to ¥49,577,821.87, a reduction of approximately 32.5%[13]. - Total liabilities decreased to ¥132,824,353.88 in Q1 2023 from ¥156,009,650.73 in Q1 2022, a reduction of approximately 15.0%[14]. - The company's inventory increased to ¥40,844,958.12 from ¥33,261,466.97, marking an increase of about 22.8%[12]. - The accounts receivable decreased significantly from ¥105,891,378.26 to ¥61,866,943.82, a decline of approximately 41.6%[12]. Research and Development - The company plans to continue increasing R&D investment, which has contributed to the current financial losses[7]. - Research and development expenses increased to ¥33,809,012.80 in Q1 2023, up from ¥22,352,265.42 in Q1 2022, representing a 51.0% increase[15]. Investments and Financial Management - The company invested $392,000,000.00 in Q1 2023, significantly higher than $60,000,000.00 in Q1 2022[19]. - The company reported a significant increase in trading financial assets, rising from ¥88,633.32 to ¥155,942,833.37, an increase of approximately 176,000%[12]. - The net cash increase from financing activities was -$2,431,062.04, compared to -$2,008,095.14 in the previous year[19]. Market and Strategic Developments - The company has not disclosed any new product developments or market expansion strategies in this quarter's report[11]. - There are no indications of mergers or acquisitions in the current financial report, focusing instead on internal financial management[11].