Neoway(SH:688159)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥187,984,219.17, representing a year-on-year increase of 28.07%[3] - The net profit attributable to shareholders was a loss of ¥19,553,651.85, with a decrease of ¥13,238,000 compared to the same period last year[7] - The net cash flow from operating activities was a negative ¥92,085,369.03, reflecting a decline of 478.79% year-on-year[3] - Total operating revenue for Q1 2023 was ¥187,984,219.17, an increase of 27.9% compared to ¥146,785,887.64 in Q1 2022[18] - Net loss for Q1 2023 was ¥19,885,660.30, compared to a net loss of ¥6,624,926.27 in Q1 2022, representing an increase in loss of 200.5%[20] - Basic and diluted earnings per share for Q1 2023 were both -¥0.21, compared to -¥0.07 in Q1 2022[20] Cash Flow - Cash inflow from operating activities in Q1 2023 was ¥179,579,006.38, down 15.3% from ¥212,024,832.09 in Q1 2022[21] - Cash paid for purchasing goods and services in Q1 2023 was ¥223,032,424.67, an increase of 47.6% compared to ¥150,969,346.15 in Q1 2022[21] - The net cash flow from operating activities was -$92.09 million, a significant decline compared to a positive cash flow of $24.31 million in the same period last year[23] - Total cash outflow from operating activities amounted to $271.66 million, up from $187.71 million year-over-year[23] - Cash paid to employees increased to $25.52 million from $22.61 million, reflecting a year-over-year growth of approximately 8.4%[23] - Cash paid for taxes rose to $2.20 million, up from $1.22 million, indicating an increase of about 80.3%[23] - Cash paid for other operating activities was $20.92 million, compared to $12.91 million, marking a year-over-year increase of approximately 62%[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,376,574,848.84, showing a slight increase of 0.69% from the end of the previous year[4] - The company's cash and cash equivalents decreased to CNY 215,888,016.25 from CNY 226,955,130.34, representing a decline of about 4.7%[14] - Accounts receivable stood at CNY 375,897,291.79, slightly down from CNY 377,816,144.08, indicating a decrease of approximately 0.5%[14] - Inventory decreased to CNY 183,853,682.41 from CNY 200,821,264.58, showing a reduction of about 8.5%[15] - Short-term borrowings increased significantly to CNY 316,535,431.24 from CNY 225,225,525.82, marking an increase of approximately 40.5%[15] - Total liabilities as of Q1 2023 were ¥619,544,967.69, an increase from ¥590,791,155.47 in Q1 2022[18] - Total equity attributable to shareholders was ¥754,335,845.47 in Q1 2023, down from ¥773,889,497.32 in Q1 2022[18] - Non-current liabilities totaled ¥8,162,978.77 in Q1 2023, a decrease from ¥10,628,233.79 in Q1 2022[18] Research and Development - Research and development expenses totaled ¥26,683,506.23, accounting for 14.19% of operating revenue, a decrease of 1.96 percentage points compared to the previous year[4] - The company reported a significant increase in research and development expenses, totaling ¥18,615,855.49 in Q1 2023, compared to ¥17,320,901.36 in Q1 2022[18] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 6,226[10] - The top shareholder, Shenzhen Jisri Investment Development Co., Ltd., holds 23.61% of the shares[10] Other Information - The company reported a non-recurring gain of ¥3,241,667.54 from government subsidies related to normal business operations[6] - The weighted average return on net assets was -2.56%[4] - The company has not disclosed any new product developments or technological advancements during this reporting period[13] - There were no significant mergers or acquisitions reported in the first quarter of 2023[13] - The company has not provided specific future guidance or market expansion strategies in the current report[13]