AKL(SH:603722)2023-04-28 16:00Financial Performance - The company's revenue for Q1 2023 was CNY 143,476,476.53, representing a decrease of 41.27% compared to the same period last year[4] - The net profit attributable to shareholders for Q1 2023 was CNY 6,273,143.46, down 85.56% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 88.49% to CNY 4,867,505.81[4] - The basic and diluted earnings per share for Q1 2023 were both CNY 0.07, reflecting an 85.56% decline[8] - The net profit for Q1 2023 was CNY 6,117,559.19, a decrease of 86.9% compared to CNY 43,329,919.72 in Q1 2022[19] - The operating profit for Q1 2023 was CNY 7,284,896.08, down from CNY 51,424,988.40 in the same period last year[19] - The total comprehensive income for Q1 2023 was CNY 6,117,559.19, a decrease of 86.9% from CNY 43,329,919.72 in Q1 2022[20] Cash Flow - The company's cash flow from operating activities was negative at CNY -14,794,082.31, indicating cash outflow[4] - Cash flow from operating activities for Q1 2023 was negative at CNY -14,794,082.31, compared to a positive CNY 28,746,512.43 in Q1 2022[21] - The company reported cash outflow from investment activities of CNY 192,506,094.50, compared to CNY 19,468,276.71 in the previous year[21] - The company received CNY 5,203,135.91 in tax refunds during Q1 2023, compared to CNY 2,612,158.60 in Q1 2022[21] - The company reported a net increase in cash and cash equivalents of CNY -7,080,069.36 for Q1 2023, contrasting with an increase of CNY 99,263,854.80 in Q1 2022[21] Assets and Liabilities - Total assets at the end of the reporting period were CNY 917,196,397.01, down 3.19% from the end of the previous year[5] - Total assets as of March 31, 2023, amounted to RMB 917,196,397.01, down from RMB 947,426,215.67 at the end of 2022[16] - Total liabilities decreased to RMB 144,387,910.64 from RMB 185,170,488.49 at the end of 2022, indicating a reduction of 22.0%[15] - The company's total equity increased to RMB 772,808,486.37 from RMB 762,255,727.18, reflecting a growth of 1.8%[16] Operational Metrics - Total operating revenue for Q1 2023 was RMB 143,476,476.53, a decrease of 41.1% compared to RMB 244,291,718.66 in Q1 2022[18] - Total operating costs for Q1 2023 were RMB 137,915,259.97, down 29.2% from RMB 195,000,018.05 in Q1 2022[18] - Research and development expenses for Q1 2023 were RMB 3,849,805.23, down from RMB 9,854,040.59 in Q1 2022, a decrease of 60.0%[18] Market Conditions - The decline in revenue and profit was attributed to a significant drop in product prices due to a downturn in the industry and lower raw material prices[7] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 7,543[10] - Cash and cash equivalents as of March 31, 2023, were RMB 258,527,746.35, a decrease from RMB 269,024,215.71 as of December 31, 2022[13] - Accounts receivable increased to RMB 72,323,669.78 from RMB 66,856,640.45, representing an increase of 8.8%[13] - Inventory decreased to RMB 41,243,686.85 from RMB 53,437,606.04, a decline of 22.8%[14]