xinje(SH:603416)2023-04-26 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 328,725,261.41, representing a year-on-year increase of 2.31%[4] - The net profit attributable to shareholders decreased by 45.25% to CNY 40,945,374.14, primarily due to lower gross margins on servo drive products and increased R&D investments[4][6] - The basic and diluted earnings per share both fell by 45.28% to CNY 0.29[5] - The weighted average return on equity decreased by 2.05 percentage points to 2.07%[5] - The net profit for Q1 2023 was CNY 40,932,652.45, a decrease from CNY 74,756,616.82 in Q1 2022, representing a decline of approximately 45.2%[17] - The total comprehensive income for Q1 2023 was CNY 41,009,632.33, compared to CNY 74,793,769.52 in Q1 2022, indicating a decrease of approximately 45.1%[18] - The company reported a total operating profit of CNY 43,014,899.08 in Q1 2023, compared to CNY 82,352,789.70 in Q1 2022, reflecting a decline of about 47.8%[17] Assets and Liabilities - Total assets increased by 4.77% to CNY 2,822,247,607.20 compared to the end of the previous year[5] - Total assets as of March 31, 2023, reached CNY 2,822,247,607.20, up from CNY 2,693,761,669.50 at the end of 2022, marking an increase of 4.8%[15] - Total liabilities as of March 31, 2023, were CNY 817,792,923.81, compared to CNY 730,288,721.61 at the end of 2022, reflecting an increase of 12.0%[14] - The company's total equity as of March 31, 2023, was CNY 2,004,454,683.39, up from CNY 1,963,472,947.89 at the end of 2022, indicating a growth of 2.5%[15] Cash Flow - The net cash flow from operating activities was negative at CNY -21,062,272.03, indicating cash outflow[4] - The cash flow from operating activities showed a net outflow of CNY 21,062,272.03 in Q1 2023, compared to a net inflow of CNY 20,665,028.57 in Q1 2022[21] - The cash flow from investment activities generated a net inflow of CNY 8,834,858.01 in Q1 2023, down from CNY 57,267,455.85 in Q1 2022[22] - The cash and cash equivalents at the end of Q1 2023 amounted to CNY 231,551,334.72, an increase from CNY 146,379,410.46 at the end of Q1 2022[22] Research and Development - The company continues to increase R&D investments, which has impacted profitability but is aimed at long-term growth[6] - Research and development expenses for Q1 2023 amounted to CNY 32,917,982.43, compared to CNY 28,098,885.09 in Q1 2022, indicating a growth of 17.5%[16] Shareholder Information - The company has a total of 10,239 common shareholders as of the end of the reporting period[8] - Major shareholders include Li Xin with a 23.1% stake and Liu Tingli with a 12.0% stake[8] Inventory and Receivables - Accounts receivable increased significantly to CNY 133,763,347.42 as of March 31, 2023, from CNY 80,690,016.18 at the end of 2022, representing a growth of 65.6%[12] - Inventory as of March 31, 2023, was CNY 616,906,666.48, an increase from CNY 580,245,638.99 at the end of 2022, representing a rise of 6.3%[13] Operating Costs - Total operating costs for Q1 2023 were CNY 307,102,339.07, up from CNY 258,529,359.90 in Q1 2022, reflecting a year-over-year increase of 18.8%[16]