Starry(SH:603520)2023-04-27 16:00Financial Performance - The company's revenue for Q1 2023 was CNY 565,907,679.16, representing a year-on-year increase of 9.40%[5] - Net profit attributable to shareholders decreased by 88.08% to CNY 9,567,951.36, while the net profit after deducting non-recurring gains and losses fell by 89.80% to CNY 7,456,100.10[5] - Basic and diluted earnings per share were both CNY 0.03, down 87.50% year-on-year[6] - Total operating revenue for Q1 2023 was ¥565,907,679.16, an increase of 9.3% compared to ¥517,298,394.90 in Q1 2022[19] - Net profit for Q1 2023 was ¥9,326,030.26, a decrease of 89.2% from ¥86,622,112.55 in Q1 2022[20] - Total comprehensive income for Q1 2023 was ¥9,563,899.40, a decrease from ¥83,710,512.02 in Q1 2022[21] Cash Flow - The net cash flow from operating activities was negative at CNY -42,083,050.09, an increase in outflow of 55.07% compared to the previous year[5] - Cash flow from operating activities for Q1 2023 was -¥42,083,050.09, an improvement from -¥93,672,558.25 in Q1 2022[21] - The net cash flow from investment activities was -$72,276,230.01, indicating a significant outflow compared to the previous period's -$69,200,922.32[22] - The net cash flow from financing activities was $210,517,413.67, slightly higher than the previous period's $199,520,943.36[22] - The company reported a net increase in cash and cash equivalents of $94,035,983.04, compared to $39,606,515.69 in the previous period[22] Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,523,250,622.47, a 4.17% increase from the end of the previous year[6] - The company's current assets totaled RMB 2,352,090,790.54, up from RMB 2,171,638,504.78, indicating an increase of about 8.29%[14] - The company's total liabilities reached RMB 3,742,472,732.48, compared to RMB 3,530,966,127.81 at the end of 2022, marking an increase of around 5.99%[16] - The total equity attributable to shareholders rose to RMB 1,775,045,938.74 from RMB 1,765,240,118.24, showing a slight increase of about 0.56%[16] Expenses - The company reported a significant increase in sales expenses by 221.76%, primarily due to increased promotional costs[8] - Total operating costs for Q1 2023 were ¥555,018,778.78, up 25.5% from ¥442,145,752.91 in Q1 2022[19] - Research and development expenses increased to ¥34,844,731.55 in Q1 2023, up 24.5% from ¥27,968,697.96 in Q1 2022[19] - Sales expenses rose significantly to ¥18,954,376.69 in Q1 2023, compared to ¥5,890,758.13 in Q1 2022[19] Shareholder Information - The total number of common shareholders at the end of the reporting period was 34,672[9] Investment Activities - The company reported an investment loss of ¥1,275,335.52 in Q1 2023, compared to a gain of ¥12,315,000.57 in Q1 2022[20] - Cash received from investment income was $1,573,972.30, while cash received from the disposal of fixed assets was $6,000,000.00[22]