Bingo Software (SH:688227)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥58,513,525.57, representing a 13% increase compared to the same period last year[2]. - The net profit attributable to shareholders was a loss of ¥16,044,521.52, with a basic and diluted earnings per share of -¥0.14[2]. - The net cash flow from operating activities was -¥97,582,276.60, a decrease of 58.87% year-on-year[4]. - Total operating revenue for Q1 2023 was CNY 58,513,525.57, an increase of 12.9% compared to CNY 51,780,403.96 in Q1 2022[12]. - Net loss for Q1 2023 was CNY 18,098,583.91, compared to a net loss of CNY 14,640,400.23 in Q1 2022, indicating a decline in performance[14]. - Operating profit for Q1 2023 was CNY -17,911,612.65, worsening from CNY -14,793,885.11 in Q1 2022[13]. - The company reported a basic and diluted earnings per share of CNY -0.14 for Q1 2023, compared to CNY -0.13 in Q1 2022[14]. Research and Development - Total R&D investment amounted to ¥16,259,995.25, which is a 34.16% increase from the previous year, accounting for 27.79% of operating revenue[3][4]. - Research and development expenses increased to CNY 16,259,995.25 in Q1 2023, up from CNY 12,119,992.04 in Q1 2022, reflecting a growth of 34%[13]. - The company plans to continue increasing R&D investment to enhance its competitive edge in the market[4]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,745,769,610.03, down 5.31% from the end of the previous year[3]. - The company's current assets totaled RMB 1,406,315,736.57, down from RMB 1,498,523,630.77, indicating a decrease of about 6.1%[8]. - Total liabilities amounted to CNY 312,404,214.25 in Q1 2023, down from CNY 392,115,202.05 in Q1 2022, a decrease of 20.3%[13]. - The company’s total liabilities decreased to RMB 282,944,826.46 from RMB 360,705,528.35, reflecting a reduction of about 21.5%[9]. - Total current liabilities were reported at RMB 282,944,826.46, down from RMB 360,705,528.35, indicating a decrease of approximately 21.5%[9]. Cash Flow - Cash generated from operating activities was CNY 66,858,837.59 in Q1 2023, compared to CNY 65,364,222.61 in Q1 2022, showing a slight increase[15]. - The net cash flow from operating activities was -97,582,276.60, compared to -61,423,483.62 in the previous year, indicating a decline in operational cash flow[16]. - Total cash inflow from investment activities was 82,199,985.94, while cash outflow was 10,500,193.51, resulting in a net cash flow of 71,699,792.43 from investment activities[16]. - Cash inflow from financing activities was 425,000.00, with cash outflow totaling 26,059,413.24, leading to a net cash flow of -25,634,413.24 from financing activities[17]. - The total cash and cash equivalents at the end of the period were 590,083,486.77, down from 861,313,167.03 at the end of the previous year[17]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 10,388[5]. - The largest shareholder, Beijing Shangao Enterprise Management Co., Ltd., holds 41.77% of the shares[5]. - Shareholders' equity attributable to shareholders was ¥1,423,005,393.68, a decrease of 1.11% compared to the previous year[3]. Other Financial Metrics - The company reported non-recurring gains of ¥1,077,296.76 from government subsidies related to normal business operations[3]. - Deferred income increased to CNY 5,543,788.52 in Q1 2023, compared to CNY 4,316,621.81 in Q1 2022, marking a rise of 28.5%[13]. - The company received tax refunds amounting to 3,546,035.06, compared to 3,728,319.45 in the previous year[16]. - The company paid 82,723,220.57 in employee compensation, an increase from 57,064,578.39 in the previous year[16]. - The cash paid for purchasing goods and services was 54,118,919.45, compared to 62,999,687.22 in the previous year, indicating a decrease in operational expenses[16]. Accounting Standards - The company is implementing new accounting standards starting in 2023, which may affect financial reporting going forward[17].