A-Zenith(SH:603389)2023-04-24 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥46,296,863.67, representing a decrease of 11.25% compared to the same period last year[6]. - The net profit attributable to shareholders was a loss of ¥27,125,035.99, with a basic and diluted earnings per share of -¥0.10[6]. - Total operating revenue for Q1 2023 was CNY 46,296,863.67, a decrease of 11.4% compared to CNY 52,166,683.72 in Q1 2022[17]. - Net loss for Q1 2023 was CNY 28,316,128.49, compared to a net loss of CNY 21,894,293.31 in Q1 2022, indicating a worsening of 29.5%[17]. - The total comprehensive loss for Q1 2023 was -28,316,128.49 RMB, compared to -21,894,293.31 RMB in the same period last year, reflecting an increase in losses of about 29.3%[18]. - The basic earnings per share for Q1 2023 was -0.10 RMB, compared to -0.08 RMB in Q1 2022, representing a deterioration in earnings per share[18]. Assets and Liabilities - Total assets at the end of Q1 2023 were ¥729,048,684.69, down 7.90% from the end of the previous year[7]. - Total assets decreased to CNY 729,048,684.69 from CNY 791,555,619.40, a decline of 7.9%[15]. - Total liabilities decreased to CNY 262,737,781.03 from CNY 296,928,587.25, a reduction of 11.5%[15]. - Shareholders' equity attributable to the parent company decreased by 5.36% to ¥478,747,064.20[7]. - Shareholders' equity decreased to CNY 466,310,903.66 from CNY 494,627,032.15, a decline of 5.7%[15]. Cash Flow - Cash flow from operating activities showed a net outflow of ¥23,896,391.36, indicating significant cash expenditures[6]. - Cash inflows from operating activities in Q1 2023 totaled 52,286,161.31 RMB, down from 59,604,280.23 RMB in Q1 2022, a decrease of approximately 12.3%[21]. - The net cash outflow from operating activities for Q1 2023 was -23,896,391.36 RMB, compared to -20,576,064.22 RMB in Q1 2022, indicating a worsening cash flow situation[21]. - The net cash flow from investing activities for Q1 2023 was -1,194,976.08 RMB, an improvement from -1,991,474.78 RMB in Q1 2022[21]. - The net cash flow from financing activities for Q1 2023 was -10,178,573.82 RMB, compared to -2,056,729.88 RMB in Q1 2022, showing a significant increase in cash outflows[22]. - The ending cash and cash equivalents balance for Q1 2023 was 12,192,178.12 RMB, down from 40,719,825.05 RMB at the end of Q1 2022, a decrease of approximately 70%[22]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 9,794[10]. - The largest shareholder, Shanghai Yazhen Investment Co., Ltd., holds 60.12% of the shares[11]. Research and Development - Research and development expenses decreased by 47.15%, attributed to reduced material inputs during the period[9]. - Research and development expenses for Q1 2023 were CNY 489,081.02, down 47.3% from CNY 925,470.71 in Q1 2022[17]. Operational Costs - Total operating costs for Q1 2023 were CNY 67,946,291.90, down 8.5% from CNY 74,261,167.00 in Q1 2022[17]. - The company reported a decrease in cash received from sales of goods and services, totaling 50,571,651.78 RMB in Q1 2023, compared to 55,266,450.47 RMB in Q1 2022, a decline of about 8.3%[20]. - The company experienced a significant increase in cash paid to employees, totaling 28,402,521.33 RMB in Q1 2023, down from 31,613,299.03 RMB in Q1 2022, a decrease of approximately 10.4%[21]. Cash and Cash Equivalents - The company experienced a 74.31% decrease in cash and cash equivalents, primarily due to high operational cash outflows[9]. - Cash and cash equivalents decreased to CNY 12,192,178.12 from CNY 47,462,119.38, a decline of 74.3%[14].