Taihe(SH:605081)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 46,696,685.66, representing a year-on-year increase of 1.43%[5] - The net profit attributable to shareholders decreased by 75.97% to CNY 1,855,902.14 compared to the same period last year[5] - The basic and diluted earnings per share were both CNY 0.02, reflecting a decline of 80.00%[6] - The total operating costs for Q1 2023 were CNY 44,048,424.16, an increase of 11.8% compared to CNY 39,561,639.13 in Q1 2022[21] - The net profit for Q1 2023 was CNY 1,856,025.54, a decrease of 76.0% from CNY 7,721,180.44 in Q1 2022[22] - The company’s total profit for Q1 2023 was CNY 2,654,078.77, down from CNY 9,322,532.30 in Q1 2022, reflecting a decline of 71.5%[22] Cash Flow - The net cash flow from operating activities was negative at CNY -28,204,268.15, indicating a significant cash outflow[5] - The company reported a net cash outflow from operating activities of CNY -28,204,268.15, an improvement from CNY -47,563,424.64 in the same period last year[23] - Cash inflow from investment activities was CNY 309,311,075.00, significantly higher than CNY 26,450.00 in Q1 2022[24] - The net cash flow from investment activities was CNY 95,321,709.92, compared to a net outflow of CNY -16,433,537.34 in Q1 2022[24] - The company’s cash and cash equivalents at the end of Q1 2023 stood at CNY 278,981,092.11, down from CNY 359,277,278.12 at the end of Q1 2022[24] Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,854,895,411.32, down 3.05% from the end of the previous year[6] - Cash and cash equivalents as of March 31, 2023, were RMB 486,763,105.43, down from RMB 531,535,284.97 as of December 31, 2022, indicating a decrease of about 8.4%[16] - Accounts receivable decreased to RMB 585,062,569.70 from RMB 648,824,587.15, reflecting a reduction of approximately 9.8%[16] - Inventory increased to RMB 71,133,754.94 from RMB 61,132,699.15, showing an increase of about 16.4%[16] - Total assets as of March 31, 2023, were RMB 1,854,895,411.32, down from RMB 1,913,165,873.55, a decrease of approximately 3.0%[18] - Total liabilities decreased to RMB 256,343,045.11 from RMB 316,469,532.88, representing a reduction of about 19.0%[18] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 12,323[13] - The largest shareholder, He Wenhui, holds 22.56% of the shares, totaling 25,553,567 shares[13] Equity and Borrowings - The company’s equity attributable to shareholders increased slightly to RMB 1,597,759,658.40 from RMB 1,595,903,756.26, an increase of approximately 0.12%[18] - The company’s short-term borrowings stood at RMB 1,616,402.86 as of March 31, 2023, with no previous data available for comparison[18] - The company’s long-term borrowings related to lease liabilities were RMB 39,086,738.78, an increase from RMB 37,084,207.75, reflecting a growth of about 5.4%[18] Non-Recurring Items - The net profit after deducting non-recurring gains and losses fell by 65.10%[10] - The company reported a non-recurring gain of CNY 5,780.12 after tax[9] Research and Development - The company incurred research and development expenses of CNY 3,617,904.77, a decrease of 38.6% from CNY 5,894,051.44 in Q1 2022[21] Sales Revenue - The company’s sales revenue from goods and services in Q1 2023 was CNY 83,368,831.26, an increase from CNY 62,870,511.32 in Q1 2022[23]