UE(SH:603600)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥696,709,360.20, representing a decrease of 30.90% compared to the same period last year[6] - Net profit attributable to shareholders was ¥51,727,076.08, an increase of 9.46% year-on-year[6] - Basic earnings per share for the period were ¥0.17, reflecting a year-on-year increase of 6.25%[6] - Total operating revenue for Q1 2023 was CNY 696,709,360.20, a decrease of 30.8% compared to CNY 1,008,252,443.09 in Q1 2022[18] - Net profit for Q1 2023 was CNY 52,061,620.44, an increase of 8.4% from CNY 48,031,916.46 in Q1 2022[19] - Total comprehensive income for Q1 2023 was CNY 45,955,387.84, slightly up from CNY 45,615,054.12 in Q1 2022[20] Cash Flow and Liquidity - The net cash flow from operating activities was ¥40,463,515.85, down by 25.53% compared to the previous year[6] - Cash flow from operating activities for Q1 2023 was CNY 40,463,515.85, down 25.5% from CNY 54,331,986.84 in Q1 2022[23] - Cash received from sales of goods and services in Q1 2023 was CNY 747,807,742.48, a decrease of 35.4% from CNY 1,158,190,874.24 in Q1 2022[22] - The net cash flow from financing activities was $4,483,234.45, compared to a net outflow of $75,741,919.18 in the previous period[24] - The total cash and cash equivalents at the end of the period amounted to $604,792,292.38, down from $644,044,336.18 at the beginning of the period[24] - The net increase in cash and cash equivalents was a decrease of $39,252,043.80, reflecting a challenging financial environment[24] - The company reported a significant reduction in cash and cash equivalents, with a total decrease of $82,812,917.66 compared to the previous period[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,889,455,613.64, a decrease of 3.27% from the end of the previous year[7] - The company's current assets totaled RMB 1,524,197,454.28, down from RMB 1,647,808,974.51, indicating a decrease of about 7.5%[16] - The company's total liabilities were RMB 1,067,832,896.59, down from RMB 1,213,415,791.51, showing a decrease of approximately 12.0%[17] - The total equity of the company remained stable at RMB 1,821,622,716.05, with no significant changes reported[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 12,714[9] - The largest shareholder, Yongyi Holdings Co., Ltd., held 25.72% of the shares, with 17,635,000 shares pledged[10] Operational Efficiency - The weighted average return on equity was 2.90%, a decrease of 0.31 percentage points[6] - The company reported non-recurring gains of ¥18,192,699.99 from government subsidies related to normal business operations[8] - The company reported a decrease in research and development expenses to CNY 27,878,447.36 in Q1 2023 from CNY 36,405,635.24 in Q1 2022, a reduction of 23.5%[18] - Other income for Q1 2023 was CNY 19,203,313.86, significantly higher than CNY 636,281.12 in Q1 2022[18] Inventory and Receivables - Accounts receivable decreased to RMB 346,130,541.42 from RMB 406,213,223.65, a reduction of about 14.8%[16] - The inventory decreased to RMB 364,056,453.42 from RMB 406,651,358.83, reflecting a decline of about 10.5%[16] - The company reported a decrease in accounts payable from RMB 487,996,976.63 to RMB 379,715,468.22, a reduction of approximately 22.2%[17] Market and Product Development - The company has not disclosed any new product developments or market expansion strategies in the current report[14] - There were no significant mergers or acquisitions reported during the quarter[14]