Daqian(SH:603955)2023-04-25 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥30,709,151.15, a decrease of 51.79% compared to the same period last year[4] - The net profit attributable to shareholders was ¥1,055,371.11, down 65.17% year-on-year[4] - The basic earnings per share were ¥0.0078, reflecting a decline of 65.13% year-on-year[4] - In Q1 2023, the company's net profit was CNY 3,696,518.94, a decrease of 30% compared to CNY 5,273,394.37 in Q1 2022[20] - The total comprehensive income for Q1 2023 was CNY 3,696,518.94, down from CNY 5,232,100.17 in Q1 2022[21] - Basic and diluted earnings per share were both CNY 0.0078, a decrease from CNY 0.0223 in the same quarter last year[21] Cash Flow and Liquidity - The net cash flow from operating activities was -¥35,385,734.28, an increase of 70.06% compared to the previous year[4] - The company reported a significant drop in cash flow from operations, impacting liquidity and operational flexibility[19] - The company reported a cash flow from operating activities of CNY -35,385,734.28, an improvement from CNY -118,187,387.28 in Q1 2022[23] - Investment activities generated a net cash flow of CNY 15,647,889.96, compared to a negative cash flow of CNY -30,896,154.61 in the previous year[24] - The company’s total liabilities decreased, with a cash and cash equivalents balance of CNY 426,460,651.39 at the end of Q1 2023, compared to CNY 401,248,065.54 in Q1 2022[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,268,677,259.58, a decrease of 2.79% from the end of the previous year[5] - Total assets as of March 31, 2023, were RMB 3,268,677,259.58, down from RMB 3,362,443,292.56 at the end of 2022, a decrease of 2.8%[17] - Total liabilities decreased to RMB 1,442,739,971.41 in Q1 2023 from RMB 1,540,202,523.33 in Q4 2022, a reduction of 6.4%[17] - The company’s equity attributable to shareholders increased slightly to RMB 1,620,781,068.70 in Q1 2023 from RMB 1,619,725,697.59 in Q4 2022, an increase of 0.1%[17] Expenses and Cost Management - Research and development expenses decreased by 72.27%, indicating reduced investment in R&D activities during the reporting period[8] - The company reported a 60.05% increase in selling expenses, attributed to increased activities in PPP project cultural tourism operations[8] - Research and development expenses were CNY 1,077,100.21, significantly lower than CNY 3,883,609.07 in Q1 2022, indicating a reduction of approximately 72.2%[20] - The company plans to continue focusing on cost control and efficiency improvements in future quarters[25] - The company is focusing on cost control measures to improve profitability in the upcoming quarters[19] Future Outlook - The company did not disclose any new product developments or market expansion strategies during the conference call[3] - Future outlook includes potential market expansion and new product development initiatives to drive revenue growth[19]