CH AUTO(SH:605018)2023-04-25 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥382,884,479.40, representing a decrease of 14.36% compared to the same period last year[5] - Net profit attributable to shareholders was ¥405,598.35, down 98.87% year-on-year[5] - The net profit excluding non-recurring gains and losses was -¥4,838,786.61, a decline of 114.01% compared to the previous year[5] - The operating profit for Q1 2023 was a loss of ¥548,111.86, compared to a profit of ¥36,108,678.14 in Q1 2022[21] - Net profit for Q1 2023 was ¥405,598.35, a significant decline from ¥35,825,753.46 in Q1 2022[21] - The net profit for Q1 2023 was ¥780,146.86, a significant decline of 95.5% from ¥17,286,568.30 in Q1 2022[31] Cash Flow - The net cash flow from operating activities decreased by 70.82%, amounting to ¥21,211,837.28[5] - In Q1 2023, the company reported cash inflows from operating activities of CNY 495,273,450.23, a decrease of 4.6% compared to CNY 519,482,420.15 in Q1 2022[22] - The net cash flow from operating activities was CNY 21,211,837.28, significantly down from CNY 72,695,815.25 in the same period last year, representing a decline of 70.9%[22] - The company reported a cash and cash equivalents balance of ¥227,822,362.32 at the end of Q1 2023, down from ¥881,442,076.91 at the end of Q1 2022[32] - The company's cash outflows from financing activities totaled CNY 60,735,776.41, compared to CNY 2,175,295.17 in Q1 2022, showing a significant increase in cash outflows[23] - The net cash flow from financing activities in Q1 2023 was ¥40,717,184.72, a decrease from ¥779,234,154.07 in Q1 2022[32] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,373,953,053.68, a decrease of 0.96% from the end of the previous year[6] - The company's total liabilities as of Q1 2023 amounted to ¥751,521,082.74, compared to ¥778,106,654.07 in the previous year[20] - The total equity attributable to shareholders was ¥2,622,431,970.94, slightly down from ¥2,628,665,136.88 in the previous year[20] - The company's total liabilities as of Q1 2023 amounted to ¥229,529,101.49, an increase from ¥210,365,053.59 in the previous year[30] - The company's current liabilities increased to CNY 111,110,229.17 in Q1 2023, compared to CNY 61,054,222.22 in Q4 2022, reflecting a rise of 82.1%[26] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 13,046[10] - The top shareholder, Wang Guanyu, holds 48.10% of the shares, totaling 226,800,000 shares[10] Inventory and Receivables - Accounts receivable decreased to RMB 210,525,789.83 from RMB 304,341,325.89, indicating a reduction of approximately 30.8%[17] - The company's inventory as of March 31, 2023, was CNY 81,512,558.54, up from CNY 68,766,175.67 in the previous year, indicating an increase of 18.5%[26] - The company reported a decrease in accounts receivable to CNY 99,860,251.78 from CNY 134,186,094.73 year-over-year, a decline of 25.5%[26] Research and Development - Research and development expenses for Q1 2023 were ¥19,960,242.62, a decrease of 11.4% from ¥22,502,529.29 in Q1 2022[21] - Research and development expenses for Q1 2023 were ¥7,088,865.24, up 30.9% from ¥5,415,649.96 in Q1 2022[30] Share Buyback - The company completed a share buyback of 5,380,600 shares, representing 1.14% of the total share capital, with a total expenditure of RMB 61,992,800[15] - The company plans to continue its share repurchase program to maintain shareholder value, with a total budget of RMB 60 million to 120 million[14]