Koal(SH:603232)2023-04-26 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥68,598,275.38, representing a decrease of 49.99% compared to the same period last year[6] - The net profit attributable to shareholders of the listed company was -¥41,651,819.83, indicating a significant loss[6] - The basic and diluted earnings per share were both -¥0.18, reflecting the company's loss during the quarter[6] - Total operating revenue for Q1 2023 was ¥68,598,275.38, a decrease of 50.0% compared to ¥137,157,754.58 in Q1 2022[20] - Net loss for Q1 2023 was ¥41,864,780.06, an improvement from a net loss of ¥56,146,012.58 in Q1 2022, representing a 25.6% reduction in losses[22] - Other comprehensive income after tax for Q1 2023 was -¥96,136.94, compared to -¥637,457.36 in Q1 2022, showing a significant improvement[22] Cash Flow - The net cash flow from operating activities was ¥27,757,372.06, showing an improvement due to reduced cash payments for goods and services[10] - The net cash flow from operating activities for Q1 2023 was $27,757,372.06, a significant improvement compared to a net outflow of -$133,429,081.93 in the same period last year[24] - Total cash inflow from investment activities was $281,496,999.92, while cash outflow was $200,051,511.51, resulting in a net cash flow of $81,445,488.41 from investment activities[24] - The company received cash from other operating activities amounting to $128,469,501.00, contributing to a total cash inflow from operating activities of $212,901,257.82[24] - The total cash outflow from operating activities was $185,143,885.76, down from $243,042,860.34 in the previous year[24] - The company paid $72,294,746.46 in cash to employees during the quarter, slightly down from $74,197,487.04 in the same period last year[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,713,532,757.74, down 1.87% from the end of the previous year[7] - The company's total liabilities as of Q1 2023 were ¥376,260,785.02, slightly up from ¥371,874,833.15 in Q4 2022[19] - The total equity attributable to shareholders was ¥1,337,161,639.19 in Q1 2023, down from ¥1,373,994,090.52 in Q4 2022, indicating a decrease of 2.7%[19] - The company's total non-current liabilities were ¥12,580,591.63 in Q1 2023, compared to ¥13,493,652.36 in Q4 2022, reflecting a decrease of 6.8%[19] Shareholder Information - The company reported a total of 21,009 common shareholders at the end of the reporting period[12] - The major shareholders, Kong Linggang and Lu Haitan, collectively control 29.55% of the company's shares, with Kong holding 12.91% and Lu holding 8.22% directly[14] Operational Insights - The company anticipates that the decrease in revenue is primarily due to a reduction in business activities during the reporting period[10] - The company has not reported any significant changes in its operational strategies or new product developments during this quarter[15] - The company did not report any significant new product launches or market expansions during this quarter[24] Inventory and Receivables - The company reported a significant increase in inventory, which rose to RMB 219,304,639.45 from RMB 205,373,076.04, marking an increase of about 6.8%[17] - Accounts receivable rose to RMB 252,330,103.14, up from RMB 235,288,815.35, indicating an increase of about 7.0%[17] - The company’s other receivables increased to RMB 35,786,985.94 from RMB 32,378,061.93, reflecting an increase of approximately 10.5%[17] Government Support - The company received government subsidies amounting to ¥6,927,006.13, which are closely related to its normal business operations[9] Research and Development - Research and development expenses for Q1 2023 were ¥15,944,952.23, a decrease of 46.1% compared to ¥29,580,136.20 in Q1 2022[21]