Transwarp(SH:688031)2023-04-27 16:00Financial Performance - The company's revenue for Q1 2023 was ¥42,967,723.42, representing a year-over-year increase of 76.38%[5] - Total operating revenue for Q1 2023 was ¥42,967,723.42, an increase of 76.6% compared to ¥24,361,521.34 in Q1 2022[21] - The net profit attributable to shareholders was a loss of ¥85,449,369.85, with a diluted earnings per share of -¥0.71[5][6] - Net loss for Q1 2023 was ¥85,624,457.95, slightly improved from a net loss of ¥87,704,350.50 in Q1 2022[22] - Total comprehensive loss for Q1 2023 was ¥85,624,457.95, an improvement from a loss of ¥87,674,785.41 in Q1 2022[23] - The company's equity attributable to shareholders was ¥1,627,528,009.50 in Q1 2023, a decrease from ¥1,711,224,344.93 in Q1 2022[22] Expenses and Costs - Total operating costs for Q1 2023 were ¥145,448,506.06, up 23.3% from ¥117,937,921.87 in Q1 2022[21] - Research and development expenses totaled ¥50,666,316.10, accounting for 117.92% of revenue, a decrease of 45.10 percentage points compared to the previous year[6][10] - Research and development expenses increased to ¥50,666,316.10 in Q1 2023, compared to ¥39,714,473.19 in Q1 2022, reflecting a growth of 27.6%[21] Cash Flow and Liquidity - The net cash flow from operating activities was -¥142,356,680.81, indicating a significant cash outflow[6] - Cash flow from operating activities showed a net outflow of ¥142,356,680.81 in Q1 2023, worsening from a net outflow of ¥131,333,508.44 in Q1 2022[25] - Cash inflow from investment activities in Q1 2023 was ¥2,119,309,573.66, significantly higher than ¥644,346,547.15 in Q1 2022[25] - The net cash flow from investing activities for Q1 2023 was $317,565,484.66, compared to $305,732,441.86 in Q1 2022, indicating a year-over-year increase[26] - The net cash flow from financing activities was $24,946,472.93, a significant improvement from a net outflow of $5,883,029.37 in the same quarter last year[26] - The total cash and cash equivalents at the end of Q1 2023 reached $482,785,833.01, up from $221,485,899.95 at the end of Q1 2022, reflecting a substantial increase[26] - The cash and cash equivalents net increase for the quarter was $200,270,468.23, compared to $168,552,325.69 in Q1 2022, showing a positive trend[26] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,825,329,919.67, down 6.26% from the end of the previous year[6] - The company's total assets as of March 31, 2023, were ¥1,825,329,919.67, down from ¥1,947,321,954.44, indicating a decrease of approximately 6.3%[16] - Total current assets decreased to ¥1,756,044,878.18 from ¥1,873,530,329.58, reflecting a decline of about 6.2%[16] - Total liabilities decreased to ¥200,518,977.24 from ¥238,639,588.48, showing a reduction of about 16%[17] - The company's total non-current liabilities decreased to ¥48,652,399.06 from ¥53,899,803.97, a decline of approximately 9.3%[17] - The total equity remained stable at ¥120,842,068.00, unchanged from the previous period[17] Shareholder Information - The total number of common shareholders at the end of the reporting period was 3,085[11] - The top shareholder, Sun Yuanhao, holds 11,167,863 shares, representing 9.24% of the total shares[11] Future Outlook - The company plans to continue focusing on R&D and market expansion despite the current financial losses[10] Borrowings and Financial Strategy - The company's short-term borrowings increased to ¥30,000,000 from ¥0.00, indicating a new borrowing strategy[17] - The company obtained $30,000,000.00 in borrowings during the quarter, which was not recorded in the previous year[26] Miscellaneous - The company reported non-recurring gains of ¥12,479,275.56, primarily from government subsidies and bank investment income[9] - The impact of exchange rate changes on cash and cash equivalents was $115,191.45, up from $36,421.64 in the prior year[26] - The company did not apply new accounting standards or interpretations for the first time in 2023[26]