Xingtu Xinke(SH:688081)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥43,066,976.38, representing a year-on-year increase of 63.04%[5] - Total operating revenue for Q1 2023 was ¥43,066,976.38, a significant increase of 63.06% compared to ¥26,415,603.28 in Q1 2022[22] - Total operating costs rose to ¥45,495,267.99 in Q1 2023, up 57.96% from ¥28,800,946.95 in Q1 2022[22] - Operating profit for Q1 2023 was -¥563,005.79, an improvement from -¥1,862,270.49 in Q1 2022[23] - Net profit for Q1 2023 was -¥572,222.47, compared to -¥2,204,885.04 in Q1 2022, indicating a reduced loss[23] - The net profit attributable to shareholders was ¥59,603.23, while the net profit after deducting non-recurring gains and losses was -¥1,514,617.21[5] - The company reported a net loss of RMB 5,830,828.88, an improvement from a loss of RMB 5,890,432.11 in the previous period[18] Cash Flow and Assets - The net cash flow from operating activities was -¥22,897,156.86, primarily due to increased payment for goods[8] - Cash flow from operating activities in Q1 2023 was -¥22,897,156.86, worsening from -¥14,241,179.45 in Q1 2022[26] - Cash and cash equivalents decreased to RMB 111,614,716.29 from RMB 142,066,467.35, representing a decline of approximately 21.4%[16] - Cash and cash equivalents at the end of Q1 2023 were ¥104,701,342.79, down from ¥196,855,499.40 at the end of Q1 2022[27] - Total assets at the end of the reporting period were ¥673,424,530.38, a decrease of 0.36% from the end of the previous year[6] - As of March 31, 2023, the company's total assets amounted to RMB 673,424,530.38, a slight decrease from RMB 675,851,382.94 at the end of 2022[16] - The company's current assets totaled RMB 480,804,928.26, showing a marginal increase from RMB 477,335,525.10 at the end of 2022[16] - Total liabilities decreased to RMB 77,311,313.46 from RMB 80,506,747.23, a reduction of about 4.5%[18] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 5,555[10] - The top shareholder, Cheng Jiaming, holds 39.22% of the shares, totaling 28,862,900 shares[11] - The company's equity attributable to shareholders increased slightly to RMB 596,612,965.68 from RMB 595,212,558.77[18] Research and Development - Research and development expenses totaled ¥9,712,922.27, accounting for 22.55% of operating revenue, a decrease of 18.22 percentage points compared to the previous year[6] - Research and development expenses for Q1 2023 were ¥7,867,751.84, a decrease of 10.77% from ¥8,817,567.72 in Q1 2022[22] Other Income and Expenses - Sales expenses for Q1 2023 were ¥9,184,021.23, slightly down from ¥9,198,787.88 in Q1 2022[22] - Other income for Q1 2023 was ¥1,860,162.05, a substantial increase from ¥118,001.81 in Q1 2022[22] Government Subsidies - The company received government subsidies amounting to ¥1,796,000, which are closely related to its normal business operations[7] Market Strategy - The company plans to continue expanding its market presence, which contributed to the revenue growth in the current period[8] Product Development and Mergers - The company has not disclosed any significant new product developments or market expansion strategies during this reporting period[15] - There are no significant changes in the shareholder structure or any new mergers and acquisitions reported[15]