SHGBIT(SH:603918)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 172,812,128.17, representing a year-on-year increase of 55.07%[5] - The net profit attributable to shareholders of the listed company was CNY 4,519,566.75, with a significant increase due to higher operating revenue[9] - Basic earnings per share for the quarter were CNY 0.0124, reflecting profitability improvements[5] - Operating profit for Q1 2023 was ¥5,069,977.63, recovering from a loss of ¥9,566,216.18 in Q1 2022[20] - Net profit for Q1 2023 was ¥3,338,822.97, compared to a net loss of ¥8,343,167.22 in the same period last year[20] - The total comprehensive income for Q1 2023 was ¥3,236,379.56, compared to a loss of ¥8,379,970.94 in Q1 2022[20] - The net profit for Q1 2023 was CNY 7,591,111.28, compared to a net loss of CNY 2,519,521.74 in Q1 2022, indicating a significant turnaround[28] Cash Flow - The net cash flow from operating activities was negative at CNY -66,377,141.32, indicating cash outflow during the quarter[5] - The company reported a cash flow from operating activities net outflow of ¥66,377,141.32, an improvement from an outflow of ¥75,762,998.37 in Q1 2022[22] - The company experienced a net cash outflow from investing activities of ¥174,053,500.30 in Q1 2023, an improvement from an outflow of ¥259,907,186.78 in Q1 2022[23] - In Q1 2023, the net cash flow from operating activities was -$57.72 million, compared to -$45.07 million in Q1 2022, indicating a decline in operational cash flow[31] - The net cash flow from investing activities was -$156.07 million in Q1 2023, an improvement from -$258.41 million in Q1 2022[32] - The company experienced a net decrease in cash and cash equivalents of -$213.79 million in Q1 2023, compared to -$320.11 million in Q1 2022[32] Assets and Liabilities - Total assets at the end of Q1 2023 were CNY 1,595,278,689.04, a decrease of 4.36% compared to the end of the previous year[6] - The company's total assets amounted to RMB 1,595,278,689.04, a decrease from RMB 1,668,018,243.05 as of December 31, 2022, reflecting a decline of approximately 4.4%[14] - The total current liabilities decreased to RMB 506,629,680.76 from RMB 582,012,222.55, a reduction of approximately 12.9%[15] - The company's total liabilities decreased to RMB 511,769,513.22 from RMB 587,745,446.79, reflecting a reduction of about 12.9%[16] - The total liabilities decreased to CNY 396,039,326.29 from CNY 456,794,600.10, reflecting a reduction of approximately 13.3%[26] Equity and Investments - The equity attributable to shareholders of the listed company increased by 0.41% to CNY 1,086,208,565.11[6] - The company's total equity increased slightly to RMB 1,083,509,175.82 from RMB 1,080,272,796.26, showing a growth of about 0.2%[16] - The company's total equity increased to CNY 1,036,897,726.40 from CNY 1,029,306,615.12, reflecting a growth of 0.8%[26] - The company's long-term equity investments decreased to RMB 8,127,657.92 from RMB 9,870,072.11, a decline of approximately 17.7%[15] Cash and Cash Equivalents - The company's cash and cash equivalents decreased to RMB 449,579,556.41 from RMB 687,527,929.50, representing a decline of about 34.7%[14] - Cash and cash equivalents at the end of Q1 2023 stood at ¥417,776,256.66, up from ¥361,918,207.46 at the end of Q1 2022[23] - The company's cash and cash equivalents decreased to CNY 290,167,534.71 from CNY 501,456,296.63, a decline of 42.1%[24] - The ending cash and cash equivalents balance was $261.71 million in Q1 2023, up from $220.29 million in Q1 2022[32] Research and Development - Research and development expenses decreased to ¥7,863,356.40 in Q1 2023 from ¥10,981,320.40 in Q1 2022, reflecting a 28% reduction[19] - Research and development expenses for Q1 2023 were CNY 3,012,768.86, down 53.5% from CNY 6,475,776.47 in Q1 2022[28] Shareholder Information - The top shareholder, Jin Guopei, holds 18.86% of the shares, totaling 69,368,339 shares[11] Other Financial Metrics - The weighted average return on net assets was 0.42%[5] - The company's inventory increased to RMB 249,447,167.28 from RMB 239,933,329.50, reflecting an increase of about 3.1%[14] - The company's accounts receivable remained relatively stable at RMB 376,022,354.64 compared to RMB 377,476,171.44, showing a minor decrease of about 0.4%[14] - The company's retained earnings increased to RMB 334,151,220.97 from RMB 329,631,654.22, showing a growth of approximately 1.6%[16] - The company's accounts receivable increased to CNY 383,428,747.45 from CNY 361,373,309.46, showing a growth of 6.1%[25] - The inventory as of March 31, 2023, was CNY 213,855,090.42, slightly down from CNY 215,705,059.83, a decrease of 0.9%[25] - The company reported a non-recurring profit of CNY 331,756.33 for the quarter[8] - The company has not adopted new accounting standards or interpretations for the year 2023[32]