SITONG(SH:603838)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥36,070,146.06, a decrease of 46.84% compared to the same period last year[5]. - The net profit attributable to shareholders was a loss of ¥8,951,081.66, with a diluted earnings per share of -0.0280 yuan[6]. - Total operating revenue for Q1 2023 was ¥36,070,146.06, a decrease of 46.8% compared to ¥67,847,139.16 in Q1 2022[20]. - Net profit for Q1 2023 was a loss of ¥8,951,081.66, compared to a loss of ¥1,785,867.75 in Q1 2022, representing a significant increase in losses[21]. - The total profit for Q1 2023 was a loss of ¥8,591,733.28, compared to a loss of ¥1,921,986.85 in Q1 2022[21]. - The basic and diluted earnings per share for Q1 2023 were both -¥0.0280, compared to -¥0.0056 in Q1 2022[21]. Cash Flow - The net cash flow from operating activities was -¥2,364,010.09, indicating cash outflow[5]. - Cash flow from operating activities for Q1 2023 was a net outflow of ¥2,364,010.09, an improvement from a net outflow of ¥3,372,309.41 in Q1 2022[22]. - Cash flow from investing activities for Q1 2023 was a net inflow of ¥8,850,256.68, compared to a net outflow of ¥14,839,511.41 in Q1 2022[23]. - The ending cash and cash equivalents balance for Q1 2023 was ¥59,167,638.96, an increase from ¥45,286,257.31 in Q1 2022[23]. - The cash and cash equivalents decreased to ¥30,357,638.96 from ¥43,880,075.95, indicating a significant drop of about 30.8%[15]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,097,293,390.36, a decrease of 1.51% from the end of the previous year[6]. - As of March 31, 2023, the total current assets amounted to ¥706,234,713.57, a slight decrease from ¥712,688,238.98 as of December 31, 2022, representing a decline of approximately 0.64%[16]. - The total assets as of March 31, 2023, were ¥1,097,293,390.36, down from ¥1,114,148,736.24, which is a decrease of about 1.51%[17]. - The total liabilities decreased from ¥68,717,445.27 to ¥60,813,181.05, reflecting a reduction of approximately 11.5%[17]. - The company's equity attributable to shareholders decreased from ¥1,045,431,290.97 to ¥1,036,480,209.31, a decline of approximately 0.91%[17]. - The accounts receivable decreased from ¥76,460,841.24 to ¥66,752,197.58, showing a reduction of about 12.7%[15]. - The inventory increased slightly from ¥125,088,719.71 to ¥126,842,744.64, representing an increase of approximately 1.4%[15]. - The company reported a total of ¥5,550,579.23 in accounts payable, down from ¥6,931,833.32, indicating a decrease of about 19.8%[16]. - The non-current assets totaled ¥391,058,676.79, down from ¥401,460,497.26, reflecting a decrease of approximately 2.9%[16]. Operating Costs and Expenses - The company experienced a 39.16% decrease in operating costs, attributed to reduced sales revenue due to weak market demand[10]. - Total operating costs for Q1 2023 were ¥48,949,942.17, down 31.7% from ¥71,643,809.93 in Q1 2022[20]. - Research and development expenses decreased by 34.96%, reflecting a reduction in investment during the reporting period[10]. - Research and development expenses for Q1 2023 were ¥2,137,941.95, down 34.9% from ¥3,286,976.80 in Q1 2022[20]. - The company noted a 41.99% increase in selling expenses, mainly due to higher exhibition costs[10]. - Sales expenses increased to ¥2,312,009.64 in Q1 2023, up 42.0% from ¥1,628,326.76 in Q1 2022[20]. Future Outlook - The company plans to focus on market expansion and new product development in the upcoming quarters[5]. - The company has not reported any significant new product developments or market expansions during this quarter[14]. Return on Equity - The weighted average return on equity was -0.8599%, a decrease of 0.6951 percentage points compared to the previous year[6].