SHCD(SH:603887)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥540,910,981.33, representing a decrease of 3.07% compared to the same period last year[5] - The net profit attributable to shareholders was -¥14,312,517.19, a decline of 143.86% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥33,989,910.41, down 353.40% from the previous year[5] - Basic and diluted earnings per share were both -¥0.03, reflecting a decrease of 145.36% year-on-year[6] - Operating profit for Q1 2023 was a loss of ¥13,190,878.21, down from a profit of ¥49,142,878.65 in Q1 2022[20] - Net profit for Q1 2023 was a loss of ¥14,312,517.19, compared to a profit of ¥32,634,689.88 in Q1 2022, representing a significant decline[20] Cash Flow and Liquidity - The net cash flow from operating activities was -¥115,508,279.51, a significant decrease of 586.25% compared to the same period last year[5] - Cash flow from operating activities in Q1 2023 was a net outflow of ¥115,508,279.51, compared to a net inflow of ¥23,754,996.37 in Q1 2022[22] - Cash and cash equivalents at the end of Q1 2023 totaled ¥862,676,334.92, down from ¥991,914,594.03 at the end of Q1 2022[23] - The company's cash and cash equivalents decreased to ¥887,724,726.53 from ¥941,791,791.55, representing a decline of about 5.7%[15] Assets and Liabilities - Total assets at the end of the reporting period were ¥8,161,149,380.68, a decrease of 3.59% from the end of the previous year[6] - As of March 31, 2023, the company's total assets amounted to ¥8,161,149,380.68, a decrease from ¥8,464,964,777.33 as of December 31, 2022, reflecting a decline of approximately 3.6%[15] - The company's total liabilities decreased to ¥4,758,418,404.46 from ¥5,047,949,416.97, reflecting a decrease of approximately 5.7%[17] - Total current liabilities decreased to ¥2,926,656,510.71 from ¥3,253,416,692.02, indicating a decline of about 10.0%[17] - The total equity attributable to shareholders was ¥3,402,730,976.22, down 0.42% from the end of the previous year[6] - The total equity attributable to shareholders decreased to ¥3,402,730,976.22 from ¥3,417,015,360.36, a decline of about 0.4%[17] Revenue and Costs - Total operating costs increased to ¥548,952,721.36 in Q1 2023, up 0.4% from ¥546,998,224.80 in Q1 2022[19] - The company reported a decrease in sales revenue from services, with cash received from sales at ¥700,700,671.00 in Q1 2023, down from ¥765,225,404.30 in Q1 2022[21] Investments and Expenses - The company incurred research and development expenses of ¥14,308,527.70 in Q1 2023, slightly down from ¥15,325,239.84 in Q1 2022[19] - The company’s financial expenses for Q1 2023 were ¥34,853,571.71, compared to ¥34,375,434.84 in Q1 2022, indicating a slight increase[19] - The company reported a significant increase in long-term investments, rising to ¥3,967,198.69 from ¥1,174,383.24, an increase of approximately 238.5%[16] Borrowings and Financing - The company raised ¥656,435,948.39 in borrowings during Q1 2023, compared to ¥319,500,000.00 in Q1 2022, reflecting increased financing activities[22] - The company’s short-term borrowings decreased to ¥1,132,952,419.33 from ¥1,214,716,019.14, a decline of about 6.7%[17] Impairments and Losses - The company faced significant credit impairment losses during the reporting period, which adversely affected net profit[10] - Non-recurring gains and losses amounted to ¥19,677,393.23, with government subsidies contributing ¥18,629,481.67[9]