ASR(SH:688220)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥408,251,172.09, representing a decrease of 26.77% compared to the same period last year[4]. - The net loss attributable to shareholders for Q1 2023 was ¥195,720,560.24, with a basic and diluted earnings per share of -¥0.55[4]. - The company reported a comprehensive loss of ¥195,577,784.25 in Q1 2023, compared to a comprehensive loss of ¥26,079,940.69 in Q1 2022[21]. - The net loss for Q1 2023 was approximately ¥202.00 million, compared to a net loss of ¥124.94 million in Q1 2022, reflecting a deterioration in profitability[29]. - The weighted average return on net assets was -2.65%, a decrease of 2.06 percentage points year-on-year[4]. Research and Development - The total R&D investment amounted to ¥295,451,602.27, an increase of 32.64% year-on-year, accounting for 72.37% of operating revenue, which is an increase of 32.41 percentage points[4][5]. - Research and development expenses rose to ¥295,451,602.27 in Q1 2023, up 32.6% from ¥222,753,538.63 in Q1 2022[19]. - Research and development expenses increased to approximately ¥262.48 million in Q1 2023, up from ¥192.63 million in Q1 2022, indicating a focus on innovation[28]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥210,762,273.73, primarily due to a decrease in sales revenue[4][9]. - In Q1 2023, the company reported cash inflows from operating activities of CNY 448,672,859.82, a decrease of 37.4% compared to CNY 715,978,269.08 in Q1 2022[22]. - The net cash outflow from operating activities was CNY -210,762,273.73, contrasting with a net inflow of CNY 92,923,496.18 in the same period last year[23]. - The company reported cash and cash equivalents of approximately ¥2.39 billion at the end of Q1 2023, down from ¥3.39 billion at the end of Q1 2022[31]. - The company's cash and cash equivalents increased to approximately ¥3.14 billion from ¥2.08 billion, representing a growth of about 51.5% year-over-year[15]. Assets and Liabilities - Total assets at the end of the reporting period were ¥8,161,080,116.32, a decrease of 1.95% from the end of the previous year[5]. - The total current assets decreased to approximately ¥7.51 billion from ¥7.67 billion, reflecting a decline of about 2.1%[16]. - Total liabilities increased to ¥907,533,460.53 in Q1 2023, compared to ¥850,827,406.21 in Q1 2022, reflecting a growth of 6.7%[18]. - The total liabilities rose to approximately ¥584.65 million in Q1 2023 from ¥522.54 million in Q1 2022, showing an increase in financial obligations[27]. - The equity attributable to shareholders decreased by 2.93% to ¥7,253,546,655.79 compared to the end of the previous year[5]. Market and Sales Performance - The company experienced a significant decline in chip sales due to weak downstream market demand, leading to a substantial reduction in revenue from customized chip services[7][9]. - Total operating costs increased to ¥638,567,154.35 in Q1 2023, up from ¥594,618,554.71 in Q1 2022, representing an increase of 7.4%[19]. - The total number of common shareholders at the end of the reporting period was 21,540, with Alibaba (China) Network Technology Co., Ltd. being the largest shareholder, holding 15.43% of the shares[10]. Other Information - The company has not reported any new product launches or technological advancements during this quarter[14]. - There are no significant mergers or acquisitions reported in the current quarter[14]. - The company has not provided specific future guidance or market expansion strategies in the current report[14].