Grace(SH:603256)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥122,261,916.55, representing a decrease of 30.92% compared to the same period last year[5]. - The net profit attributable to shareholders was -¥3,768,638.29, a decline of 124.15% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥8,892,401.44, down 168.27% from the previous year[5]. - Basic and diluted earnings per share were both -¥0.004, reflecting a decrease of 122.22%[6]. - The weighted average return on equity was -0.25%, a decrease of 1.26 percentage points[6]. - The company reported a net loss for Q1 2023, with total expenses exceeding total revenue, indicating a challenging market environment[17]. - In Q1 2023, the company reported a net loss of CNY 3,768,638.29, compared to a net profit of CNY 15,605,475.31 in Q1 2022, representing a significant decline[18]. - Operating profit for Q1 2023 was CNY -5,431,211.06, down from CNY 15,278,578.53 in the same period last year[18]. Revenue and Costs - Total operating revenue for Q1 2023 was RMB 122,261,916.55, a decrease of 30.8% compared to RMB 176,992,550.95 in Q1 2022[17]. - Total operating costs for Q1 2023 were RMB 141,503,278.18, down from RMB 156,684,095.65 in Q1 2022, reflecting a reduction of 9.7%[17]. - Total revenue from sales of goods and services in Q1 2023 was CNY 151,749,583.24, an increase from CNY 145,930,475.14 in Q1 2022[21]. Cash Flow and Assets - The net cash flow from operating activities was -¥17,410,533.10, an increase of 31.36% compared to the previous year, mainly due to an increase in received payments[5]. - The company experienced a net cash outflow from operating activities of CNY -17,410,533.10 in Q1 2023, an improvement from CNY -25,365,747.47 in Q1 2022[22]. - Cash and cash equivalents as of March 31, 2023, were RMB 239,201,768.63, a decrease of 27.2% from RMB 328,583,760.25 on December 31, 2022[14]. - Cash and cash equivalents at the end of Q1 2023 stood at CNY 223,531,088.28, compared to CNY 211,625,113.48 at the end of Q1 2022[23]. - Total assets at the end of the reporting period were ¥2,513,509,368.59, down 3.51% from the end of the previous year[6]. - Total assets as of March 31, 2023, were RMB 2,513,509,368.59, down from RMB 2,604,861,678.64 at the end of 2022, a decrease of 3.5%[17]. - Total liabilities decreased to RMB 1,008,235,215.68 as of March 31, 2023, from RMB 1,097,658,481.99 at the end of 2022, a reduction of 8.1%[16]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 21,413[11]. - The largest shareholder, Far East International Limited, held 74.41% of the shares[11]. Non-Recurring Gains and Expenses - The company reported non-recurring gains of ¥5,123,763.15, primarily from fixed asset disposal and government subsidies[7]. - Research and development expenses for Q1 2023 were RMB 8,201,898.65, a decrease of 14.3% from RMB 9,574,755.82 in Q1 2022[17]. Future Outlook - The company plans to focus on cost reduction strategies and improving operational efficiency in the upcoming quarters[17].