JEE(SH:688162)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥667,950,719.14, representing a year-on-year increase of 21.63%[5] - The net profit attributable to shareholders decreased by 39.57% to ¥21,897,424.08, primarily due to increased personnel costs and reduced delivery volume in the electric vehicle motor control components business[7] - Basic earnings per share decreased by 38.46% to ¥0.16, driven by the reduction in net profit attributable to shareholders[5] - Net profit for Q1 2023 was ¥21.90 million, a decrease of 39.5% compared to ¥36.23 million in Q1 2022[18] - The company's operating revenue for Q1 2023 was ¥499.33 million, a significant increase from ¥304.71 million in Q1 2022, representing a growth of approximately 63.9%[26] - The net profit for Q1 2023 was ¥30.38 million, down from ¥57.06 million in Q1 2022, indicating a decline of about 46.7%[28] - The company's operating profit for Q1 2023 was ¥29.39 million, down from ¥58.04 million in Q1 2022, reflecting a decline of approximately 49.3%[26] Research and Development - Research and development (R&D) expenses totaled ¥58,500,931.67, an increase of 44.78% compared to the previous year, reflecting the company's commitment to maintaining core product competitiveness[6] - The proportion of R&D expenses to operating revenue increased by 1.40 percentage points to 8.76%[6] - Research and development expenses increased to ¥58.50 million in Q1 2023, up 44.8% from ¥40.41 million in Q1 2022[18] - Research and development expenses increased to ¥33.19 million in Q1 2023 from ¥23.07 million in Q1 2022, reflecting a rise of approximately 43.9%[26] Cash Flow and Assets - The net cash flow from operating activities was -¥98,136,355.58, a significant decline of 347.49% year-on-year, mainly due to increased personnel scale and salary expenses[7] - The company's cash and cash equivalents decreased to ¥954,344,651.19 from ¥1,659,379,364.42, indicating a significant reduction of about 42.34%[13] - The company's total current assets amounted to ¥6,272,405,667.93, a decrease from ¥6,609,290,392.56 as of December 31, 2022, representing a decline of approximately 5.08%[13] - The company's total cash and cash equivalents balance was ¥392.59 million at the end of Q1 2023, down from ¥873.47 million at the end of Q1 2022[30] - The net cash flow from operating activities for Q1 2023 was -¥133.45 million, compared to a positive cash flow of ¥150.53 million in Q1 2022[29] Liabilities and Equity - The total assets at the end of the reporting period were ¥7,148,035,733.87, a decrease of 3.06% from the end of the previous year[6] - The company's total liabilities decreased to ¥4.56 billion in Q1 2023 from ¥4.81 billion in Q1 2022[15] - The company's equity attributable to shareholders increased to ¥2.59 billion in Q1 2023 from ¥2.56 billion in Q1 2022[15] - The company's total equity increased to 2,572,447,151.21 RMB as of March 31, 2023, compared to 2,537,485,731.55 RMB at the end of 2022, reflecting a growth of approximately 1.37%[24] Operational Costs - Total operating costs for Q1 2023 were ¥663.55 million, up 24.7% from ¥532.28 million in Q1 2022[17] - The gross profit margin for Q1 2023 was approximately 18.66%, compared to 22.67% in Q1 2022, indicating a decrease in profitability[26] - The company incurred financial expenses of ¥22,242.07 in Q1 2023, a decrease from ¥472,553.38 in Q1 2022, showing improved financial management[26] Future Outlook and Strategic Initiatives - The report does not provide specific future outlook or performance guidance for the upcoming quarters[12] - The company plans to continue focusing on market expansion and new product development to drive future growth[28] - The company has not indicated any new strategic initiatives in the current financial disclosures[12] - There are no significant mergers or acquisitions mentioned in the current financial report[12] - The company has not disclosed any new product developments or technological advancements in the provided reports[12]