CNANO(SH:688116)2023-04-19 16:00Financial Performance - In Q1 2023, the company's operating revenue was CNY 278,697,953.43, a decrease of 41.99% compared to the same period last year[9] - The net profit attributable to shareholders was CNY 39,729,245.60, down 60.25% year-on-year[9] - Basic and diluted earnings per share were both CNY 0.17, reflecting a decrease of 60.47% year-on-year[9] - The company reported a net profit margin of approximately 11.5% for Q1 2023, compared to 20.0% in Q1 2022[35] - The total profit of 45,395,316.09 CNY, down from 116,106,511.64 CNY, reflecting a decline of approximately 60.9% year-over-year[37] - The comprehensive income attributable to the parent company was 39,388,597.83 CNY, down from 99,765,000.17 CNY, indicating a decrease of about 60.5% year-over-year[40] - The company reported a decrease in accounts receivable to ¥308,959,064.03 in Q1 2023 from ¥403,541,339.80 in Q1 2022, a reduction of 23.5%[49] Research and Development - The R&D investment totaled CNY 22,275,127.01, representing 7.99% of operating revenue, an increase of 4.01 percentage points[6] - Research and development expenses increased to $22.28 million in Q1 2023, compared to $19.13 million in Q1 2022, reflecting a growth of 11.3%[35] - The company is focusing on expanding its R&D efforts, as indicated by the increase in R&D expenses, which may lead to new product developments in the future[51] Cash Flow and Liquidity - The net cash flow from operating activities was CNY 39,092,105.85, a significant increase of 617.08% compared to the previous year[9] - Cash flow from operating activities generated a net amount of 39,092,105.85 CNY, a significant improvement from a net outflow of -7,560,232.54 CNY in the previous year[44] - The total cash and cash equivalents decreased by 25,668,645.34 CNY, contrasting with an increase of 210,070,872.43 CNY in the same period last year[44] - The company's cash flow from operating activities was not detailed, but the decrease in cash and cash equivalents suggests potential liquidity challenges[50] - The total cash and cash equivalents at the end of Q1 2023 stood at CNY 389,113,442.40, up from CNY 159,627,557.08 at the end of Q1 2022[59] Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,026,853,992.94, a decrease of 0.88% from the end of the previous year[6] - The company's total current assets decreased to $2.27 billion as of March 31, 2023, from $2.44 billion at the end of 2022, a decline of 7.1%[26] - Total liabilities amounted to $1.52 billion as of March 31, 2023, slightly down from $1.53 billion at the end of 2022, a decrease of 0.6%[30] - Total liabilities decreased to ¥1,442,226,368.81 in Q1 2023 from ¥1,484,644,196.57 in Q1 2022, indicating a reduction of 2.9%[49] Financial Expenses - Financial expenses increased by 62.84% due to interest accrued on convertible bonds during the reporting period[18] - The company’s financial expenses, including interest expenses, rose to $9.11 million in Q1 2023 from $5.59 million in Q1 2022, an increase of 62.5%[35] Sales and Market Performance - The company experienced a decline in sales volume of its main product, carbon nanotube conductive paste, due to decreased demand[18] - The cost of goods sold in Q1 2023 was ¥196,254,008.01, down from ¥342,869,949.84 in Q1 2022, reflecting a 42.9% reduction[51] - The company reported sales revenue from goods and services of CNY 181,793,306.00, an increase from CNY 165,938,774.47 in Q1 2022[57] Shareholder Information - The company had a total of 16,031 common shareholders at the end of the reporting period[66]