DeepGlint(SH:688207)2023-04-25 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥67,543,770.98, representing a year-on-year increase of 24.48%[5] - The net profit attributable to shareholders was -¥818,497.12, a decline of 94.41% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥963,173.96, a decrease of 91.81% year-on-year[5] - Net profit for Q1 2023 was -¥908,120.50, an improvement from -¥14,697,997.78 in Q1 2022[21] - The weighted average return on net assets was -0.03%, an increase of 2.34 percentage points compared to the previous year[6] - The company reported a basic and diluted earnings per share of -¥0.11 for the period[21] Cash Flow - The net cash flow from operating activities was -¥40,151,183.78, reflecting a decrease of 34.61% year-on-year[5] - Cash flow from operating activities showed a net outflow of -¥40,151,183.78, compared to -¥29,828,091.75 in the previous year[24] - The company received cash from operating activities totaling ¥67,157,878.00, compared to ¥47,121,561.02 in the same period last year[24] - The company reported a net cash flow from investment activities of -$448.19 million, compared to -$2.63 million in the previous period[26] - The net cash flow from financing activities was -$1.71 million, while the previous period showed a significant inflow of $1.67 billion[26] - The company experienced a net increase in cash and cash equivalents of -$490.05 million in Q1 2023, contrasting with an increase of $1.64 billion in the previous period[26] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,490,997,701.18, a decrease of 1.42% from the end of the previous year[6] - As of March 31, 2023, the total assets of the company amounted to CNY 2,490,997,701.18, a decrease from CNY 2,526,812,255.92 at the end of 2022, reflecting a decline of approximately 1.4%[15] - The total liabilities amounted to ¥124,457,849.54, a decrease from ¥166,895,946.93[17] - The company's total liabilities decreased to CNY 124,457,849.54 from CNY 166,895,946.93, indicating a reduction of approximately 25.5%[16] - The company's total current liabilities decreased to CNY 119,066,431.10 from CNY 160,074,346.94, indicating a reduction of approximately 25.7%[16] - The company's accounts payable decreased significantly from CNY 84,607,262.81 to CNY 60,127,649.42, a reduction of about 29%[16] Shareholder Information - The company had a total of 10,533 common shareholders at the end of the reporting period[10] - The top shareholder, Tianjin Deep Insight Technology Partnership, held 31,261,346 shares, accounting for 16.90% of total shares[10] - Sequoia Capital CV IV Holdco IX, Ltd. held 19,401,955 shares, representing 10.49% of total shares[10] Research and Development - Research and development expenses totaled ¥33,143,232.46, accounting for 49.07% of operating revenue, a slight decrease of 0.16 percentage points[6] - Research and development expenses increased to ¥33,143,232.46, up from ¥26,714,006.78, marking a 24% rise year-over-year[20] Cash and Equivalents - The company's cash and cash equivalents decreased to CNY 1,827,769,388.56 from CNY 1,955,151,119.78, representing a decline of about 6.5%[15] - The total cash and cash equivalents at the end of Q1 2023 amounted to $824.89 million, a decrease from $1.64 billion in the previous period[26] - The company’s cash balance at the beginning of Q1 2023 was $1.31 billion, down from $195.67 million in the previous period[26] Management Team - The company’s management team includes Zhao Yong as the responsible person, Wang Yan as the accounting supervisor, and Du Jiafang as the head of the accounting institution[27]