PIESAT(SH:688066)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥275,013,688.33, representing a year-on-year increase of 40.78%[5]. - The net profit attributable to shareholders was -¥89,042,301.20, with a diluted earnings per share of -¥0.38[5][6]. - Total operating revenue for Q1 2023 reached ¥275,013,688.33, a 40.7% increase from ¥195,354,935.49 in Q1 2022[19]. - Net loss for Q1 2023 was ¥89,053,692.42, compared to a net loss of ¥49,576,364.68 in Q1 2022, representing an increase in loss of 79.8%[20]. - Total comprehensive loss for Q1 2023 was ¥88,977,935.06, compared to a loss of ¥49,644,792.51 in Q1 2022[21]. - Basic earnings per share for Q1 2023 was -¥0.48, compared to -¥0.27 in Q1 2022[21]. Research and Development - The total R&D investment amounted to ¥71,938,083.00, which is an increase of 55.88% compared to the previous year, accounting for 26.16% of operating revenue[6][10]. - Research and development expenses rose to ¥71,938,083.00, a 55.8% increase from ¥46,150,677.18 in Q1 2022[19]. - The company continues to strengthen its innovation capabilities and increase investment in core product R&D[10]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥664,429,141.58, primarily due to increased salary and procurement expenses[6][10]. - Cash flow from operating activities showed a net outflow of ¥664,429,141.58, worsening from a net outflow of ¥384,299,935.23 in the previous year[23]. - Cash inflow from operating activities totaled ¥221,343,168.18, slightly down from ¥221,791,096.64 in the previous year[22]. - Cash outflow for purchasing goods and services was ¥470,751,183.69, significantly higher than ¥253,970,670.30 in Q1 2022[23]. - Cash flow from financing activities resulted in a net outflow of ¥86,164,001.17, compared to a net outflow of ¥14,339,028.11 in the same period last year[23]. - The net increase in cash and cash equivalents for Q1 2023 was -$833,081,003.09, compared to -$546,536,213.48 in Q1 2022[24]. - The beginning cash and cash equivalents balance was $1,695,517,338.68, up from $995,118,221.78 in the previous year[24]. - The ending cash and cash equivalents balance stood at $862,436,335.59, compared to $448,582,008.30 in the same period last year[24]. Assets and Liabilities - Total assets at the end of the reporting period were ¥5,753,689,945.80, a decrease of 3.60% from the end of the previous year[6]. - As of March 31, 2023, the company's total current assets amounted to ¥4,522,994,929.66, a decrease from ¥4,775,505,134.28 at the end of 2022, reflecting a decline of approximately 5.3%[15][16]. - The company's cash and cash equivalents decreased significantly from ¥1,718,570,605.31 at the end of 2022 to ¥886,586,282.35, representing a decline of about 48.3%[15]. - Accounts receivable increased slightly from ¥2,038,668,996.67 to ¥2,101,498,527.04, indicating a growth of approximately 3.1%[15]. - Inventory levels rose from ¥839,341,883.93 to ¥1,239,320,402.65, marking an increase of around 47.7%[15]. - Total liabilities decreased from ¥3,259,231,365.70 to ¥3,123,872,542.25, a reduction of about 4.2%[17]. - The company's total assets decreased from ¥5,968,600,071.25 to ¥5,753,689,945.80, reflecting a decline of approximately 3.6%[17]. - The equity attributable to shareholders decreased from ¥2,695,699,896.56 to ¥2,616,155,247.49, a decrease of about 2.9%[17]. - The company reported a decrease in retained earnings from ¥693,038,826.72 to ¥603,996,525.52, indicating a decline of approximately 12.8%[17]. - The total non-current assets increased from ¥1,193,094,936.97 to ¥1,230,695,016.14, reflecting a growth of about 3.1%[16]. - The company's short-term borrowings decreased from ¥869,053,261.09 to ¥811,635,343.00, a reduction of approximately 6.6%[16]. Shareholder Information - The company reported a total of 7,330 common shareholders at the end of the reporting period[12]. - The top shareholder, Zhang Yan, holds 34,749,303 shares, accounting for 18.72% of total shares[12]. Operational Highlights - The company experienced an increase in project acceptance during the reporting period, contributing to revenue growth[10].