AA Belt(SH:603580)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥31,922,872.75, representing a decrease of 14.41% compared to the same period last year[5]. - The net profit attributable to shareholders was ¥476,375.49, with a basic earnings per share of ¥0.0036[5][6]. - Total operating revenue for Q1 2023 was CNY 31,922,872.75, a decrease of 14.4% compared to CNY 37,299,586.36 in Q1 2022[17]. - Net profit for Q1 2023 was CNY 303,886.96, compared to a net loss of CNY 491,199.82 in Q1 2022[18]. - The company reported a comprehensive income total of CNY 278,009.10 for Q1 2023, recovering from a loss of CNY 566,747.88 in Q1 2022[18]. - Basic and diluted earnings per share for Q1 2023 were CNY 0.0036, compared to a loss of CNY 0.0023 in Q1 2022[18]. - The company's revenue for Q1 2023 reached ¥16,891,127.49, a 25.5% increase from ¥13,505,440.01 in Q1 2022[28]. - Operating profit for Q1 2023 was ¥3,412,380.09, compared to a loss of ¥104,574.42 in Q1 2022[29]. - Net profit for Q1 2023 was ¥2,927,339.47, recovering from a net loss of ¥40,397.38 in Q1 2022[29]. Cash Flow and Liquidity - The net cash flow from operating activities decreased by 55.66%, primarily due to a reduction in cash received from sales of goods and services[7]. - Cash received from sales of goods and services in Q1 2023 was CNY 38,208,743.88, down 24.1% from CNY 50,324,494.11 in Q1 2022[20]. - The net cash flow from operating activities for Q1 2023 was CNY 4,041,020.67, a decrease of 55.7% compared to CNY 9,113,263.60 in Q1 2022[21]. - The total cash inflow from operating activities was CNY 40,488,338.29, while the total cash outflow was CNY 36,447,317.62, resulting in a net increase of CNY 4,041,020.67[21]. - The cash and cash equivalents at the end of Q1 2023 amounted to CNY 44,272,302.04, down from CNY 69,172,899.08 at the end of Q1 2022, reflecting a decrease of 36%[22]. - The company reported a net cash flow from operating activities of -¥7,018,256.68 in Q1 2023, down from ¥571,183.93 in Q1 2022[31]. - Cash and cash equivalents at the end of Q1 2023 were ¥13,717,136.20, down from ¥14,254,576.91 at the end of Q1 2022[31]. Assets and Liabilities - Total assets at the end of Q1 2023 were ¥523,973,948.91, a decrease of 1.12% from the end of the previous year[6]. - The total assets as of Q1 2023 were CNY 523,973,948.91, slightly down from CNY 529,933,022.93 at the end of the previous quarter[14]. - Total liabilities decreased to CNY 68,744,587.20 in Q1 2023 from CNY 74,981,670.32 in Q4 2022[14]. - The total liabilities decreased to CNY 38,294,356.58 from CNY 39,622,371.61, indicating a reduction of approximately 3.4%[26]. - The company's total equity attributable to shareholders was ¥437,580,526.58, showing a slight increase of 0.10% compared to the end of the previous year[6]. - The total equity increased to CNY 389,381,805.97 from CNY 386,454,466.50, showing a growth of about 0.6%[26]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 5,097[9]. - The top two shareholders, Tu Mulian and Cai Ruimei, hold 33.75% and 33.19% of the shares, respectively[10]. Research and Development - Research and development expenses for Q1 2023 were CNY 2,693,287.89, an increase of 35.3% compared to CNY 1,990,696.98 in Q1 2022[17]. - Research and development expenses for Q1 2023 were ¥951,033.61, slightly down from ¥990,306.58 in Q1 2022[28]. Government Support and Other Financial Activities - The company received government subsidies amounting to ¥464,641.47 during the reporting period[7]. - The cash outflow from investing activities was CNY 9,308,214.49, significantly lower than CNY 28,408,659.07 in the same period last year, indicating a reduction of 67.2%[21]. - The cash outflow from financing activities totaled CNY 1,014,937.58, compared to CNY 462,675.46 in Q1 2022, reflecting an increase of 119%[22]. - The company paid ¥1,458,923.01 in taxes during Q1 2023, significantly higher than ¥541,613.88 in Q1 2022[31]. - The company incurred a credit impairment loss of ¥902,457.09 in Q1 2023, compared to ¥249,485.97 in Q1 2022[28]. Strategic Developments - The company did not report any significant new product developments or market expansion strategies during this quarter[11]. - There were no significant changes in the company's financing or investment strategies reported for this quarter[11].