Leedarson IoT(SH:605365)2023-04-25 16:00Financial Performance - Total revenue for Q1 2023 was CNY 1,481,181,603.90, representing a decrease of 17.40% compared to the same period last year[14]. - Net profit attributable to shareholders of the listed company was CNY 34,358,898.49, down 63.95% year-on-year[14]. - Basic and diluted earnings per share were both CNY 0.068, reflecting a decline of 64.40%[14]. - The company reported a profit before tax of CNY 23,398,023.98, down from CNY 93,533,866.18 in the previous year[5]. - The company reported a total comprehensive income of CNY 40,777,406.48 for Q1 2023, significantly lower than CNY 94,258,859.41 in Q1 2022[52]. - Net profit attributable to shareholders for Q1 2023 was CNY 40,774,652.80, a decline of 57.0% from CNY 94,726,762.78 in Q1 2022[52]. Cash Flow - Net cash flow from operating activities was negative CNY 29,322,832.53, an improvement of 88.81% compared to the previous year[14]. - The net cash flow from operating activities was -$29.32 million, compared to -$262.09 million in the previous period, indicating an improvement[35]. - Cash inflow from operating activities totaled CNY 1,585,319,240.12 in Q1 2023, a decrease of 3.8% from CNY 1,647,989,841.20 in Q1 2022[53]. - Cash outflow from operating activities was CNY 1,614,642,072.65 in Q1 2023, down 15.4% from CNY 1,910,079,177.26 in Q1 2022[53]. - The total cash inflow from investing activities was $2.15 billion, down from $2.87 billion year-over-year[35]. - The net cash flow from investing activities was $49.53 million, a significant decrease from $465.32 million in the prior period[35]. - The net cash flow from financing activities was $3.81 million, compared to $122.91 million in the previous period, reflecting a decrease[35]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,582,584,762.82, a decrease of 2.13% from the end of the previous year[14]. - Inventory decreased from CNY 962,753,972.10 to CNY 888,594,779.22[4]. - Non-current assets increased from CNY 1,608,090,388.60 to CNY 1,858,703,189.92[4]. - The equity attributable to shareholders increased to $3.37 billion, a rise of 1.42% from $3.32 billion[38]. - Total equity attributable to shareholders increased to CNY 3,366,111,927.53 as of Q1 2023, compared to CNY 3,319,101,032.08 in Q1 2022[50]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 17,013[22]. - The largest shareholder, Li Jianghuai, holds 121,500,000 shares, accounting for 24.13%[22]. - The company has no known related party transactions among the top ten shareholders[25]. Expenses - Total operating costs for Q1 2023 were CNY 1,468,753,482.53, down 12.3% from CNY 1,674,868,216.15 in Q1 2022[45]. - R&D expenses increased to CNY 105,209,298.35 in Q1 2023, up 9.4% from CNY 96,198,675.40 in Q1 2022[45]. - The company reported a 59.19% increase in selling expenses, driven by growth in brand business revenue[40]. - The company experienced a 411.99% increase in financial expenses due to foreign exchange losses[40]. Other Income - Other comprehensive income after tax was CNY 6,415,754.31, compared to a loss of CNY 582,599.22 in the previous year[5]. - Government subsidies recognized in the current profit and loss were ¥18,394,664.34[17]. - The profit from entrusted investment or asset management was ¥8,133,072.75[17]. - Other non-operating income and expenses totaled -¥3,118,704.22[17]. - The total profit after tax and minority interest was ¥30,747,447.03[17]. - Non-current asset disposal profit amounted to ¥218,802.75[17].