MENGTIAN(SH:603216)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥162,589,665.19, representing a decrease of 27.13% compared to the same period last year[5] - The net profit attributable to shareholders was ¥4,870,037.41, down 76.84% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 99.21% to ¥156,788.25[5] - The basic earnings per share (EPS) was ¥0.02, reflecting a decline of 77.78%[6] - In Q1 2023, the company reported a net profit of CNY 4,870,037.41, a decrease of 76.8% compared to CNY 21,023,612.53 in Q1 2022[19] - Total operating costs for Q1 2023 were CNY 165,015,239.73, down from CNY 201,415,430.20 in the same period last year, representing a reduction of 18.0%[19] - The total comprehensive income for Q1 2023 was CNY 4,870,037.41, reflecting a significant decline from CNY 21,023,612.53 in Q1 2022[20] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,198,080,840.78, a decrease of 4.44% from the end of the previous year[6] - Total assets decreased to RMB 2,198,080,840.78 as of March 31, 2023, from RMB 2,300,275,372.97 at the end of 2022, a decline of 4.4%[16] - Total current liabilities decreased to RMB 405,461,477.22 from RMB 511,985,944.66, a reduction of 20.8%[15] - The company’s total equity increased to RMB 1,781,279,381.72 as of March 31, 2023, compared to RMB 1,773,393,806.81 at the end of 2022, an increase of 0.4%[16] - The company reported a significant reduction in accounts payable, which decreased to RMB 101,508,242.13 from RMB 166,184,945.18, a decrease of 38.9%[15] Cash Flow - The net cash flow from operating activities was negative at -¥78,088,906.05, indicating a significant cash outflow[5] - Cash flow from operating activities showed a net outflow of CNY 78,088,906.05, an improvement from a net outflow of CNY 124,136,765.57 in the previous year[22] - Investment activities generated a net cash inflow of CNY 621,137,400.62 in Q1 2023, a significant recovery from a net outflow of CNY 964,696,524.04 in Q1 2022[23] - The company’s cash and cash equivalents at the end of Q1 2023 stood at CNY 1,147,079,528.93, compared to CNY 235,278,461.13 at the end of Q1 2022[23] - Cash and cash equivalents as of March 31, 2023, amounted to RMB 1,161,576,791.82, up from RMB 620,754,318.83 at the end of 2022, representing an increase of 87.0%[14] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 19,077[11] - Zhejiang Mengtian Holdings Co., Ltd. held 55.55% of the shares, making it the largest shareholder[11] Research and Development - The company incurred research and development expenses of CNY 9,374,302.79 in Q1 2023, a decrease from CNY 10,130,719.37 in the same period last year[19] Financial Costs - The company reported a financial expense of CNY -5,995,891.25 in Q1 2023, compared to CNY -3,428,905.07 in Q1 2022, indicating an increase in financial costs[19] Other Information - The company has not disclosed any new product developments or market expansion strategies in the current report[13] - There are no significant changes in the company's debt structure reported for the first quarter of 2023[13]