SNC Net(SH:605398)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥132,756,511.48, representing a year-on-year increase of 2.54%[3] - The net profit attributable to shareholders for the same period was ¥12,575,640.26, reflecting a growth of 22.72% compared to the previous year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥9,987,585.36, which is an increase of 24.87% year-on-year[3] - The basic earnings per share for Q1 2023 was ¥0.15, up by 25.00% from the same period last year[3] - Total revenue for Q1 2023 was CNY 132,756,511.48, a 2.0% increase from CNY 129,465,389.87 in Q1 2022[15] - Net profit for Q1 2023 reached CNY 12,606,861.77, representing a 23.0% increase compared to CNY 10,257,057.44 in Q1 2022[17] - Basic and diluted earnings per share for Q1 2023 were both CNY 0.15, up from CNY 0.12 in Q1 2022[17] - The total comprehensive income for Q1 2023 was CNY 12,606,861.77, an increase from CNY 10,257,057.44 in Q1 2022[17] Assets and Liabilities - The total assets at the end of Q1 2023 were ¥1,179,251,696.33, a decrease of 4.41% from the end of the previous year[4] - The company's cash and cash equivalents were CNY 645,848,323.86, down from CNY 901,725,458.91 at the end of 2022, indicating a decrease of about 28.4%[12] - Accounts receivable increased to CNY 69,625,813.81 from CNY 48,135,049.89, reflecting a growth of approximately 44.6%[12] - Inventory rose to CNY 74,336,953.83, compared to CNY 64,699,945.10 at the end of 2022, marking an increase of about 14.3%[12] - Total liabilities decreased to CNY 148,055,576.48 from CNY 215,074,894.78, a reduction of approximately 31.2%[13] - The company's equity attributable to shareholders increased to CNY 1,030,807,413.00 from CNY 1,018,231,772.74, representing a growth of about 1.8%[13] - The total current assets were CNY 1,159,686,207.97, down from CNY 1,212,804,613.73, indicating a decrease of approximately 4.4%[11] - The total non-current assets amounted to CNY 19,565,488.36, down from CNY 20,859,539.13, reflecting a decline of about 6.2%[12] - The company reported a significant reduction in short-term borrowings, which were CNY 0 compared to CNY 10,011,305.53 at the end of 2022[13] - The company’s total liabilities to equity ratio improved, indicating a stronger financial position as liabilities decreased significantly while equity increased[13] Cash Flow - The net cash flow from operating activities was negative at -¥94,349,849.11, indicating a significant cash outflow[3] - Cash flow from operating activities in Q1 2023 was a net outflow of CNY -94,349,849.11, an improvement from CNY -103,935,940.31 in Q1 2022[19] - Cash and cash equivalents at the end of Q1 2023 totaled CNY 645,741,073.86, compared to CNY 542,463,935.77 at the end of Q1 2022[20] - The company reported a total investment cash outflow of CNY 160,011,074.00 in Q1 2023, compared to CNY 258,745,269.00 in Q1 2022[19] - The company experienced a foreign exchange impact of CNY -1,860.16 on cash and cash equivalents in Q1 2023[20] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 10,218[8] - The equity attributable to shareholders increased to ¥1,030,807,413.00, marking a 1.24% rise compared to the end of the previous year[4] - The weighted average return on equity was 1.23%, an increase of 0.19 percentage points compared to the previous year[3] - The company received government subsidies amounting to ¥2,110,837.65, which are closely related to its normal business operations[5] Operating Costs - Total operating costs for Q1 2023 were CNY 120,197,430.31, up from CNY 119,197,052.53 in Q1 2022, reflecting a 0.8% increase[16] - Research and development expenses for Q1 2023 were CNY 18,392,902.13, down from CNY 21,363,066.18 in Q1 2022, indicating a 13.9% decrease[16]