Vazyme(SH:688105)2023-04-26 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥302,194,310.54, representing a decrease of 69.02% compared to the same period last year [4] - The net profit attributable to shareholders was a loss of ¥50,623,311.46, down 111.74% year-over-year [4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥75,125,845.29, a decline of 118.21% compared to the previous year [4] - The weighted average return on net assets was -1.10%, a decrease of 11.03 percentage points year-over-year [4] - Net profit for Q1 2023 was a loss of ¥51,208,589.27, compared to a profit of ¥431,359,398.28 in Q1 2022, indicating a substantial decline [42] - Basic earnings per share for Q1 2023 were -¥0.13, compared to ¥1.08 in Q1 2022 [44] - Total comprehensive income for Q1 2023 was a loss of ¥49,774,329.40, compared to a profit of ¥431,359,398.28 in Q1 2022 [44] Cash Flow - The net cash flow from operating activities was a negative ¥109,073,393.58, reflecting a decrease of 249.97% year-over-year [4] - The net cash flow from operating activities for Q1 2023 was -109,073,393.58 RMB, a significant decline compared to 72,730,459.02 RMB in Q1 2022 [46] - The cash outflow from operating activities in Q1 2023 was 701,550,351.36 RMB, compared to 902,096,258.18 RMB in Q1 2022 [46] - The cash inflow from sales of goods and services in Q1 2023 was 578,212,675.41 RMB, a decrease from 957,700,806.54 RMB in Q1 2022 [46] - The company's cash inflow from operating activities totaled approximately ¥495.12 million in Q1 2023, compared to ¥365.66 million in Q1 2022, an increase of 35.4% [64] Assets and Liabilities - Total assets at the end of the reporting period were ¥6,318,386,126.23, up 5.22% from the end of the previous year [6] - The equity attributable to shareholders decreased by 1.30% to ¥4,548,926,459.63 compared to the end of the previous year [6] - Total liabilities increased to approximately 1.77 billion from 1.39 billion [27] - The total liabilities as of March 31, 2023, were 1,263,943,027.74 RMB, an increase from 865,529,991.86 RMB at the end of 2022 [50] - The total owner's equity as of March 31, 2023, was 4,729,042,013.18 RMB, slightly up from 4,713,043,471.29 RMB at the end of 2022 [50] Research and Development - Research and development expenses totaled ¥84,907,590.77, an increase of 19.32% compared to the same period last year [4] - R&D expenses accounted for 28.10% of operating revenue, an increase of 20.80 percentage points year-over-year [6] - Research and development expenses increased to ¥84,907,590.77 in Q1 2023, up 19.4% from ¥71,157,250.07 in Q1 2022 [41] - Research and development expenses for Q1 2023 were approximately ¥58.63 million, up from ¥49.00 million in Q1 2022, representing an increase of 19.6% [62] Other Income and Expenses - Other income increased by 337.69%, mainly due to an increase in government subsidies received compared to the same period last year [19] - Financial expenses surged by 1,934.82%, influenced by the scale of bank loans and exchange rate fluctuations [19] - The company reported non-recurring gains of ¥16,100,662.32 during the period [17] - The company's financial expenses showed a decrease, with interest expenses recorded at approximately ¥3.80 million in Q1 2023, compared to ¥3.23 million in Q1 2022 [62] - The company's other income increased to approximately ¥3.32 million in Q1 2023 from ¥2.83 million in Q1 2022, reflecting a growth of 17.3% [62] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 10,952, with the largest shareholder holding 40.48% [32]