KSHG(SH:605333)2023-04-25 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥654,751,347.03, representing a decrease of 12.72% compared to the same period last year[4] - The net profit attributable to shareholders of the listed company was a loss of ¥24,911,602.00, a decline of 453.29% year-on-year[4] - Basic and diluted earnings per share were both -¥0.06, reflecting a 400% decrease compared to the previous year[4] - Operating profit for Q1 2023 was a loss of CNY 29,790,163.87, compared to a profit of CNY 6,973,048.10 in Q1 2022[14] - Net profit for Q1 2023 was a loss of CNY 29,493,192.37, compared to a profit of CNY 7,008,710.11 in Q1 2022[14] - Total comprehensive income for Q1 2023 was -24,003,993.46 RMB, down from 6,960,255.88 RMB in the same period last year[15] - The company reported a significant decline in net profit due to weak demand in the automotive market, leading to reduced orders and production efficiency[4] Cash Flow and Liquidity - The net cash flow from operating activities was negative at ¥76,905,587.01, indicating a significant cash outflow[4] - Operating cash flow for Q1 2023 was -76,905,587.01 RMB, a decrease from -3,886,890.80 RMB in Q1 2022, reflecting worsening cash flow conditions[17] - Cash inflow from operating activities totaled 800,079,465.23 RMB, up from 668,673,768.30 RMB in Q1 2022, showing an increase of approximately 19.6%[17] - Cash outflow from operating activities increased to 876,985,052.24 RMB in Q1 2023, compared to 672,560,659.10 RMB in Q1 2022, representing a rise of about 30.4%[17] - The company raised 510,000,000.00 RMB through financing activities in Q1 2023, compared to 265,000,000.00 RMB in Q1 2022, marking a growth of approximately 92.5%[18] - The net cash flow from financing activities was 262,713,448.34 RMB in Q1 2023, up from 149,119,336.97 RMB in Q1 2022, indicating a significant increase of about 76.3%[18] - The ending cash and cash equivalents balance for Q1 2023 was 187,173,042.59 RMB, compared to 44,811,607.44 RMB at the end of Q1 2022, reflecting a substantial increase[18] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,529,460,007.69, a slight increase of 0.99% from the end of the previous year[5] - Total assets as of March 31, 2023, were CNY 4,529,460,007.69, compared to CNY 4,484,859,067.95 at the end of 2022, reflecting a slight increase of 1.0%[12] - Total liabilities increased to CNY 3,067,563,230.06 from CNY 2,998,958,296.86, an increase of 2.3%[12] - The equity attributable to shareholders decreased by 1.62% to ¥1,461,896,777.63 compared to the end of the previous year[5] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 15,920[6] - Major shareholder 成三荣 holds 59.98% of the shares, indicating a strong control over the company[7] Other Financial Metrics - Non-recurring gains and losses amounted to ¥2,826,085.35, primarily from government subsidies and other income[5] - Cash and cash equivalents increased to CNY 369,511,988.60 as of March 31, 2023, up from CNY 272,896,205.79 at the end of 2022, representing a growth of 35.4%[10] - Accounts receivable decreased to CNY 1,091,936,598.85 from CNY 1,216,722,180.97, a decline of 10.3%[10] - Inventory decreased to CNY 707,151,064.49 from CNY 749,319,760.42, a reduction of 5.6%[10] - Short-term borrowings increased to CNY 923,737,347.22 from CNY 680,632,513.89, an increase of 36.0%[11] - The company reported a basic and diluted earnings per share of -0.06 RMB for Q1 2023, down from 0.02 RMB in Q1 2022[15] - Other comprehensive income after tax for Q1 2023 was 907,608.54 RMB, compared to -91,097.14 RMB in Q1 2022, indicating a positive turnaround[15]