Youon(SH:603776)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥124,718,382.83, a decrease of 26.55% compared to the same period last year[3] - Net profit attributable to shareholders was ¥10,188,595.11, down 17.64% year-over-year[3] - Basic and diluted earnings per share were both ¥0.04, reflecting a decline of 20.00% compared to the previous year[3] - Net profit for Q1 2023 was ¥9,488,455.70, a decline of 21.3% from ¥12,022,500.32 in Q1 2022[19] - The company’s total comprehensive income for Q1 2023 was ¥9,613,985.09, compared to ¥12,277,696.17 in Q1 2022, reflecting a decrease of 21.7%[19] Cash Flow - The net cash flow from operating activities increased by 207.40%, reaching ¥54,551,826.85, primarily due to an increase in receivables collection[6] - In Q1 2023, the company reported cash inflows from operating activities of CNY 231,268,640.88, an increase of 29.7% compared to CNY 178,274,865.56 in Q1 2022[21] - The net cash flow from operating activities was CNY 54,551,826.85, a significant improvement from a negative cash flow of CNY -50,793,465.87 in the same period last year[21] - Cash outflows for purchasing goods and services decreased to CNY 35,405,582.68 from CNY 59,260,986.41, representing a reduction of 40.2%[21] - The company experienced a net cash outflow from investing activities of CNY -515,109,451.01, an improvement from CNY -660,188,953.19 in Q1 2022[22] - Cash inflows from financing activities totaled CNY 180,000,000.00, compared to CNY 12,000,000.00 in the previous year, marking a substantial increase[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,929,614,604.34, representing a 4.50% increase from the end of the previous year[4] - Total liabilities increased to ¥1,581,982,076.55 from ¥1,379,135,991.50, marking a rise of 14.7%[15] - The equity attributable to shareholders of the parent company was ¥3,325,271,380.89, up from ¥3,314,929,270.34[15] - As of March 31, 2023, the company's total current assets amounted to approximately RMB 4.18 billion, an increase from RMB 3.97 billion as of December 31, 2022, representing a growth of about 5.3%[13] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 14,130[8] - The company has a significant shareholder, Sun Jisheng, holding 34.13% of the shares, with 9,594,921 shares pledged[9] - The top ten shareholders collectively hold a significant portion of the company's shares, with the largest shareholder alone holding over 79 million shares[10] Research and Development - The company has completed the construction of its technology research and development center, which is now in a usable state as of December 31, 2022[11] - Research and development expenses for Q1 2023 were ¥7,552,778.07, down from ¥10,264,133.19 in Q1 2022, indicating a reduction of 26.4%[18] - The company has not reported any significant new product developments or market expansions in this quarter[11] Other Financial Metrics - The return on equity (ROE) was 0.31%, a decrease of 0.05 percentage points compared to the previous year[3] - Non-recurring gains and losses amounted to ¥2,629,371.07, with a significant portion attributed to government subsidies[4] - The company reported a non-recurring loss from the disposal of non-current assets of ¥1,252,856.11[4] - The company incurred credit impairment losses of ¥21,373,238.24, significantly higher than ¥1,058,596.67 in the same period last year[18] - The company's cash and cash equivalents decreased to approximately RMB 470.28 million from RMB 753.43 million, a decline of about 37.5%[13] - The trading financial assets increased to approximately RMB 2.75 billion, up from RMB 2.31 billion, reflecting a growth of approximately 19%[13] - Accounts receivable rose to approximately RMB 730.53 million, compared to RMB 692.27 million, indicating an increase of about 5.5%[13]