HUASHENG(SH:605180)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥56,979,881.70, representing a decrease of 28.98% compared to the same period last year[5] - The net profit attributable to shareholders for Q1 2023 was ¥9,313,893.73, down 56.00% year-over-year[11] - The basic earnings per share for Q1 2023 was ¥0.07, reflecting a decline of 56.25% compared to the previous year[6] - The company's operating profit for Q1 2023 was ¥10,407,667.65, a decrease of 57.5% from ¥24,505,405.93 in Q1 2022[19] - The total cash inflow from operating activities was ¥76,190,184.08, down 38.0% from ¥122,835,364.16 in Q1 2022[21] - The net cash flow from operating activities for Q1 2023 was ¥4,508,443.95, with no applicable comparison due to changes in cash payments[11] - The net cash flow from operating activities was ¥4,508,443.95, a significant improvement from a negative cash flow of ¥17,208,357.01 in Q1 2022[21] Assets and Liabilities - The total assets at the end of Q1 2023 were ¥1,134,664,288.75, an increase of 0.65% from the end of the previous year[6] - As of March 31, 2023, the total assets of the company amounted to RMB 1,134,664,288.75, an increase from RMB 1,127,284,803.54 at the end of 2022, reflecting a growth of approximately 0.34%[15] - The company's total current assets reached RMB 914,292,517.44, compared to RMB 902,244,735.70 at the end of 2022, indicating an increase of about 1.17%[15] - The company's total liabilities decreased to RMB 22,422,678.35 from RMB 24,357,086.87, a reduction of approximately 7.95%[17] - The total equity of the company as of March 31, 2023, was RMB 1,112,241,610.40, up from RMB 1,102,927,716.67, reflecting an increase of about 0.12%[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 9,385[13] - The top shareholder, Jiang Yuhui, holds 37.41% of the shares, totaling 48,628,125 shares[13] Inventory and Receivables - The company reported a decrease in inventory to RMB 135,354,160.11 from RMB 140,070,547.55, which is a decline of approximately 3.9%[16] - Accounts receivable increased to RMB 148,358,850.83 from RMB 134,450,979.80, marking a rise of about 10.3%[15] - The company’s accounts payable increased to RMB 12,380,942.94 from RMB 9,075,073.72, indicating a rise of about 36.3%[16] Research and Development - Research and development expenses for Q1 2023 were ¥3,018,364.20, up 2.7% from ¥2,937,991.50 in Q1 2022, showing the company's commitment to innovation[18] Other Financial Metrics - The weighted average return on equity decreased to 0.84%, down 0.99 percentage points from the previous year[6] - The company reported a non-recurring profit of ¥370,918.21 after tax for the period[9] - The company reported a credit impairment loss of ¥824,099.84 in Q1 2023, compared to a gain of ¥886,604.64 in Q1 2022[19] - The company experienced a foreign exchange loss of ¥400,946.71 in Q1 2023, compared to a loss of ¥313,911.52 in Q1 2022[22] Market and Product Development - The decline in revenue was primarily attributed to a decrease in sales volume compared to the same period last year[10] - The company has not reported any new product developments or market expansion strategies in this quarter[15]