YA BANG(SH:603188)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥219,083,821.53, representing a decrease of 28.82% compared to the same period last year[5]. - The net profit attributable to shareholders was a loss of ¥9,170,785.94, an increase in loss of 80.95% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥13,394,716.88, reflecting a year-on-year increase in loss of 73.87%[5]. - Basic earnings per share were -¥0.0161, with a year-on-year increase in loss of 80.92%[5]. - In Q1 2023, the company reported a net loss of ¥9,239,775, a significant improvement compared to a net loss of ¥53,242,422 in Q1 2022, representing a reduction of approximately 83.6% year-over-year[20]. - Operating profit for Q1 2023 was reported at -¥19,412,197, compared to -¥62,220,929 in the same period last year, indicating a year-over-year improvement of about 68.8%[20]. - The total comprehensive loss for Q1 2023 was ¥9,239,775, compared to a comprehensive loss of ¥53,242,422 in Q1 2022, marking an improvement of approximately 83.6%[21]. Cash Flow and Liquidity - The net cash flow from operating activities was ¥34,062,595.87, an increase of 123.74% compared to the previous year[5]. - The company generated operating cash flow of ¥34,062,595.87 in Q1 2023, a turnaround from a negative cash flow of -¥143,500,702.49 in Q1 2022[24]. - The company reported cash inflows from investment activities of ¥35,742,573.39 in Q1 2023, compared to ¥25,544,590.94 in Q1 2022, representing an increase of about 40.0%[24]. - Cash outflows from financing activities totaled ¥103,925,658.89 in Q1 2023, compared to ¥40,377,783.99 in Q1 2022, indicating a significant increase of approximately 157.5%[24]. - The company’s cash and cash equivalents at the end of Q1 2023 stood at ¥46,966,999.22, an increase from ¥43,554,978.56 at the end of Q1 2022[24]. - Cash and cash equivalents as of March 31, 2023, were RMB 96,975,885.28, an increase from RMB 75,570,470.02 as of December 31, 2022[15]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,541,386,288.35, a slight increase of 0.45% from the end of the previous year[6]. - Total assets as of March 31, 2023, were RMB 2,541,386,288.35, slightly up from RMB 2,529,971,206.15 as of December 31, 2022[18]. - Total liabilities as of March 31, 2023, were RMB 1,188,987,778.88, an increase from RMB 1,165,837,821.77 as of December 31, 2022[17]. - The company's retained earnings decreased to RMB 301,435,479.97 from RMB 310,606,265.91 as of December 31, 2022[18]. Revenue and Costs - Total operating revenue for Q1 2023 was RMB 219,083,821.53, a decrease of 28.8% compared to RMB 307,770,306.65 in Q1 2022[19]. - Total operating costs for Q1 2023 were RMB 250,182,103.71, down 32.5% from RMB 370,856,748.13 in Q1 2022[19]. - Gross profit for Q1 2023 was RMB -31,098,282.18, compared to a gross profit of RMB -63,086,441.48 in Q1 2022[19]. - Research and development expenses for Q1 2023 were RMB 4,548,349.82, a decrease of 63.5% from RMB 12,427,707.77 in Q1 2022[19]. - Total revenue from sales and services received in cash was ¥156,163,044.89, down from ¥289,447,520.21 in Q1 2022, reflecting a decrease of approximately 46.0%[23]. Shareholder Information - The equity attributable to shareholders at the end of the reporting period was ¥1,491,273,866.86, a decrease of 0.78% from the previous year[6]. - The company had a total of 22,130 common shareholders at the end of the reporting period[12]. Market Conditions - The decrease in operating revenue was attributed to intensified market competition and the recovery of downstream demand not yet fully realized[9]. - The company reported non-recurring gains of ¥4,223,930.94, primarily from debt restructuring gains[9]. Impairment and Losses - The company incurred credit impairment losses of ¥6,225,565.45 in Q1 2023, compared to ¥2,148,958.38 in Q1 2022, indicating an increase of about 189.5%[20]. - Accounts receivable decreased to RMB 93,895,706.48 from RMB 80,987,135.58 as of December 31, 2022, indicating a 15.9% increase[15]. - Inventory increased to RMB 295,699,666.63 from RMB 256,044,075.49 as of December 31, 2022, reflecting a 15.5% rise[16].