CFT(SH:603685)2023-04-26 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥249,858,793.64, a decrease of 16.77% compared to the same period last year[2] - Net profit attributable to shareholders was ¥3,898,067.19, down 27.95% year-on-year[2] - Basic earnings per share were ¥0.02, reflecting a decline of 33.33%[5] - Diluted earnings per share also decreased to ¥0.02, down 60.00%[5] - The company reported a net profit of CNY 1,506,860.93 for Q1 2023, down from CNY 1,934,000.00 in Q1 2022[15] - In Q1 2023, the company's net profit was CNY 503,258.16, a decrease of 73.7% compared to CNY 1,913,056.54 in Q1 2022[17] - The total revenue from operating activities was CNY 215,816,557.88, down 32.4% from CNY 319,229,336.61 in the same period last year[18] - The company reported a total profit of CNY 4,213,894.97, down 8.2% from CNY 4,590,028.51 in Q1 2022[17] Cash Flow and Investments - The net cash flow from operating activities decreased by 51.47%, amounting to ¥40,469,208.06[5] - The net cash flow from operating activities was CNY 40,469,208.06, a decline of 51.5% compared to CNY 83,386,886.00 in Q1 2022[19] - The company reported a net cash outflow from investing activities of CNY 1,555,729.28, compared to a smaller outflow of CNY 83,966.33 in the previous year[19] - Cash and cash equivalents at the end of Q1 2023 totaled CNY 373,816,584.03, slightly down from CNY 374,280,548.73 at the end of Q1 2022[19] - The company raised CNY 268,919,456.00 through financing activities, an increase of 52.8% from CNY 175,875,107.56 in Q1 2022[19] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,214,189,192.26, an increase of 0.83% from the previous year[3] - Total assets as of March 31, 2023, were CNY 2,214,189,192.26, a slight increase from CNY 2,196,036,939.61 at the end of 2022[14] - Total liabilities as of March 31, 2023, were CNY 1,091,934,188.77, compared to CNY 1,074,498,065.00 at the end of 2022[13] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 9,085[6] - The largest shareholder, Haining Qiujing Investment Co., Ltd., holds 35.10% of the shares, with 59,319,000 shares pledged[7] Operational Metrics - Total operating costs for Q1 2023 were CNY 248,351,932.71, down 17.6% from CNY 301,261,492.40 in Q1 2022[15] - Gross profit margin for Q1 2023 was approximately 0.6%, compared to a margin of 0.2% in Q1 2022[15] - Accounts receivable decreased to CNY 268,789,212.17 from CNY 294,779,029.97, reflecting a reduction of 8.8%[12] - Inventory increased to CNY 291,594,014.60, up 5.0% from CNY 277,629,591.59 at the end of 2022[12] Future Outlook - The company plans to focus on expanding its market presence and investing in new product development in the upcoming quarters[15] Non-Recurring Items - The company reported non-recurring gains of ¥1,151,552.80 for the period[4] - The company incurred a credit impairment loss of CNY 2,184,615.40, compared to CNY 3,855,525.04 in the previous year[17] - The total comprehensive income attributable to the parent company was CNY 4,111,519.66, compared to CNY 3,173,930.69 in the previous year[17] Return on Equity - The weighted average return on equity increased by 4 percentage points to 0.36%[2]