Forecam(SH:688010)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥140,075,447.14, representing a year-on-year increase of 6.58%[4] - The net profit attributable to shareholders was a loss of ¥7,740,026.66, reflecting a decrease of 160.65% compared to the same period last year[4] - The basic earnings per share were -¥0.0515, down 161.09% year-on-year[4] - Total profit for Q1 2023 was a loss of CNY 12,548,414.82, compared to a profit of CNY 14,484,145.49 in Q1 2022[17] - The net profit for Q1 2023 was a loss of CNY 8,202,371.37, compared to a profit of CNY 13,995,110.35 in Q1 2022, representing a significant decline[17] - The net profit for Q1 2023 was a loss of CNY 4,273,357.56, compared to a profit of CNY 11,526,031.59 in Q1 2022, indicating a significant decline[26] Research and Development - Research and development expenses totaled ¥16,308,266.65, accounting for 11.64% of operating revenue, an increase of 2.05 percentage points[5] - Research and development expenses increased to CNY 16,308,266.65 in Q1 2023, up 29.5% from CNY 12,603,234.57 in Q1 2022[16] - Research and development expenses increased to CNY 11,043,566.64 in Q1 2023, up from CNY 8,217,738.42 in Q1 2022, representing a growth of 34.4%[26] Cash Flow - The net cash flow from operating activities was -¥23,233,707.33, indicating a significant cash outflow[4] - Cash flow from operating activities showed a net outflow of CNY 23,233,707.33 in Q1 2023, an improvement from a net outflow of CNY 44,843,530.36 in Q1 2022[19] - In Q1 2023, the net cash flow from operating activities was -$67.6 million, an improvement from -$72.8 million in Q1 2022[28] - Total cash outflow from operating activities was $187.7 million in Q1 2023, compared to $211.2 million in Q1 2022[28] - The cash flow from operating activities showed a decrease in cash inflow, indicating potential challenges in revenue generation[28] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,760,497,483.34, a decrease of 1.75% from the end of the previous year[5] - The total assets as of March 31, 2023, were CNY 2,263,721,597.23, down from CNY 2,284,262,211.79 at the end of 2022[23] - Total liabilities decreased to ¥970,490,300.81 from ¥1,012,540,130.61, showing a reduction of 4.2%[14] - The total liabilities decreased to CNY 545,851,219.96 in Q1 2023 from CNY 563,205,959.80 in Q4 2022, reflecting a reduction of approximately 3.5%[23] - The company's total equity as of March 31, 2023, was ¥1,790,007,182.53, slightly down from ¥1,797,122,071.06, a decrease of 0.2%[14] - The total equity decreased to CNY 1,717,870,377.27 in Q1 2023 from CNY 1,721,056,251.99 at the end of 2022, reflecting a slight decline[23] Inventory and Receivables - The inventory increased to ¥413,134,659.51 from ¥369,578,811.01, marking an increase of 11.8%[12] - The accounts receivable decreased to ¥276,138,381.84 from ¥337,428,752.15, a decline of 18.1%[12] - The company's inventory increased to CNY 76,773,343.77 in Q1 2023 from CNY 67,962,929.33 in Q4 2022, indicating a rise of approximately 12.6%[22] - The total current assets decreased slightly to CNY 1,234,369,145.58 in Q1 2023 from CNY 1,248,078,021.17 in Q4 2022, a decline of about 1.1%[22] Future Outlook - The company plans to continue investing in technology and market expansion despite current losses[7]