Asiainfo Security(SH:688225)2023-04-27 16:00Financial Performance - The company's revenue for Q1 2023 was ¥236,212,569.11, representing a decrease of 17.05% compared to the same period last year[3]. - Total operating revenue for Q1 2023 was ¥236,212,569.11, a decrease of 17.0% compared to ¥284,761,842.78 in Q1 2022[25]. - The net profit attributable to shareholders was a loss of ¥94,897,763.93, with a basic and diluted earnings per share of -¥0.2372[3]. - Net loss for Q1 2023 was ¥97,317,174.02, compared to a net loss of ¥76,168,958.66 in Q1 2022, indicating an increase in losses of 27.7%[27]. - Basic and diluted earnings per share for Q1 2023 were both -¥0.2372, compared to -¥0.2024 in Q1 2022[28]. - The company reported a gross profit margin of approximately 74.5% in Q1 2023, compared to 48.7% in Q1 2022, indicating improved cost management[25]. Cash Flow and Liquidity - The company reported a net cash flow from operating activities of -¥304,829,575.00, indicating cash outflow during the quarter[3]. - In Q1 2023, the cash inflow from operating activities totaled approximately $253.91 million, a decrease of 16.3% compared to $303.17 million in Q1 2022[32]. - The net cash outflow from operating activities was approximately -$304.83 million, worsening from -$224.65 million in the same period last year[33]. - The total cash and cash equivalents at the end of Q1 2023 stood at approximately $492.96 million, a significant decrease from $846.02 million at the end of Q1 2022[34]. - As of March 31, 2023, the company's cash and cash equivalents amounted to ¥499,147,699.69, a decrease from ¥1,997,447,648.46 on December 31, 2022[18]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,482,662,903.76, down 5.40% from the end of the previous year[4]. - The company's total assets decreased to ¥3,482,662,903.76 in Q1 2023 from ¥3,681,530,966.95 in Q1 2022, a decline of 5.4%[22]. - Total liabilities decreased to ¥921,406,294.69 in Q1 2023 from ¥1,034,177,117.29 in Q1 2022, a reduction of 10.9%[21]. - The company's equity attributable to shareholders decreased to ¥2,565,147,681.70 in Q1 2023 from ¥2,646,021,699.68 in Q1 2022, a decline of 3.1%[22]. - The total current assets decreased to ¥3,049,937,909.86 from ¥3,240,442,203.70 year-over-year[19]. Research and Development - Research and development expenses totaled ¥106,415,803.29, accounting for 45.05% of revenue, an increase of 15.61 percentage points year-on-year[4]. - Research and development expenses increased to ¥106,415,803.29 in Q1 2023, up from ¥83,844,649.96 in Q1 2022, representing a growth of 26.9%[26]. - The company plans to continue investing in R&D to drive future growth and innovation in its product offerings[26]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 8,546[11]. - The company reported a total of 80,948,488 shares held by the largest shareholder, accounting for 20.24% of total shares[12]. - The top ten unrestricted shareholders collectively hold significant stakes, with the largest being Guangzhou Yaxin Xinan Investment Center at 16,912,752 shares[13]. Strategic Focus - The company aims to deepen product and industry structure adjustments, focusing on a "cloud, linkage, intelligence" technology strategy[5]. - The company is focused on expanding its market presence and developing new technologies, although specific figures were not disclosed in the report[15]. - The company has not provided specific guidance for future performance in this report[17]. Cost Management - The company implemented cost control strategies, resulting in a combined increase of 18.34% in sales, research and management expenses, a significant reduction of approximately 54 percentage points compared to the previous year[5].