FLARIANT(SH:605566)2023-04-24 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥224,287,623.59, representing a decrease of 2.03% compared to the same period last year[5]. - The net profit attributable to shareholders was ¥14,970,007.88, down 26.39% year-on-year[5]. - The basic earnings per share (EPS) was ¥0.11, reflecting a decline of 26.67% compared to the previous year[6]. - Total operating revenue for Q1 2023 was ¥224,287,623.59, a decrease of 2.89% from ¥228,940,796.54 in Q1 2022[19]. - Net profit for Q1 2023 was ¥15,385,278.29, a decline of 22.73% compared to ¥19,928,142.38 in Q1 2022[20]. - Earnings per share for Q1 2023 were ¥0.11, down from ¥0.15 in Q1 2022[21]. - The company reported a decrease in comprehensive income to ¥14,831,663.34 in Q1 2023 from ¥19,925,883.97 in Q1 2022[21]. Cash Flow - The net cash flow from operating activities was negative at -¥7,065,870.39, indicating a significant cash outflow[5]. - In Q1 2023, the net cash flow from operating activities was -$7,065,870.39, an improvement from -$68,263,012.49 in Q1 2022[23]. - Total cash inflow from operating activities was $150,974,554.97, down 19.1% from $186,737,423.49 in the same period last year[22]. - Cash outflow from operating activities decreased to $158,040,425.36, compared to $255,000,435.98 in Q1 2022, reflecting a reduction of 38.0%[22]. - The net cash flow from investing activities was -$2,241,638.96, an improvement from -$13,421,189.90 in Q1 2022[23]. - The net cash flow from financing activities was -$6,480,071.70, compared to a positive $89,500,000.00 in Q1 2022, showing a shift in financing strategy[23]. - The company reported a cash inflow of $30,000,000.00 from borrowings in Q1 2023, down from $65,000,000.00 in Q1 2022[23]. - The company’s cash outflow for tax payments was $13,162,954.42, significantly lower than $37,858,327.55 in the previous year[22]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,532,764,067.19, a decrease of 2.03% from the end of the previous year[6]. - The company's total assets amounted to ¥2,532,764,067.19, a decrease from ¥2,585,192,079.60 as of December 31, 2022, representing a decline of approximately 2.5%[15]. - The company's current assets totaled ¥1,913,864,457.85, down from ¥1,957,343,195.75, indicating a decrease of about 2.2%[16]. - Total liabilities decreased to ¥522,235,741.94 in Q1 2023 from ¥590,306,076.77 in Q1 2022, a reduction of approximately 11.53%[18]. - The company's total liabilities were not explicitly stated, but current liabilities included accounts payable of ¥115,122,972.05, which increased from ¥101,401,862.22, representing a rise of approximately 13.5%[16]. - The company reported a contract liability of ¥6,791,481.78, which increased from ¥2,017,649.92, indicating a significant rise of about 236.5%[16]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 13,620[11]. - The company's equity attributable to shareholders increased slightly by 0.77% to ¥2,001,563,243.25[6]. - Total equity increased to ¥2,010,528,325.25 in Q1 2023 from ¥1,994,886,002.83 in Q1 2022, reflecting a growth of about 0.79%[18]. - The weighted average return on equity (ROE) was 0.75%, a decrease of 0.24 percentage points compared to the previous year[6]. Operational Highlights - The company reported non-operating income of ¥80,639.00 from government subsidies related to normal business operations[9]. - The total non-recurring losses amounted to -¥47,261.30 after accounting for tax effects and minority interests[9]. - Research and development expenses for Q1 2023 were ¥7,045,342.40, down 21.23% from ¥8,942,646.84 in Q1 2022[19]. - The company has not disclosed any new product developments or market expansion strategies in the current report[14]. - There were no significant mergers or acquisitions mentioned during the earnings call[14].