UCAP(SH:688228)2023-04-21 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥46,489,471.75, representing a decrease of 8.24% compared to the same period last year[5]. - The net profit attributable to shareholders was -¥5,731,932.47, and the net profit after deducting non-recurring gains and losses was -¥8,505,088.33[5]. - The net profit for Q1 2023 was -10,461,318.57 RMB, compared to -7,121,933.20 RMB in Q1 2022, indicating a decline of approximately 47.5% year-over-year[21]. - Total comprehensive income for Q1 2023 was -10,461,318.57 RMB, compared to -7,121,933.20 RMB in Q1 2022, indicating a decline of approximately 47.5%[21]. - The company reported a net loss for Q1 2023, with total costs exceeding total revenue, indicating a need for strategic adjustments[19]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥49,501,351.06, indicating a significant cash outflow during the quarter[5]. - Operating cash flow for Q1 2023 was -49,501,351.06 RMB, an improvement from -61,281,097.41 RMB in Q1 2022, showing a reduction in cash outflow of approximately 19.5%[23]. - Cash and cash equivalents as of March 31, 2023, amounted to RMB 588,139,877.37, up from RMB 514,173,729.98 at the end of 2022, reflecting a growth of 14.4%[15]. - The company’s total cash and cash equivalents at the end of Q1 2023 were 584,724,467.33 RMB, down from 638,398,309.70 RMB at the end of Q1 2022, a decrease of about 8.4%[24]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,773,976,021.75, a decrease of 3.87% from the end of the previous year[6]. - Total assets as of March 31, 2023, were RMB 1,773,976,021.75, down from RMB 1,845,298,870.49 at the end of 2022, a decrease of 3.9%[16]. - Total liabilities decreased to RMB 394,982,483.81 from RMB 458,039,814.76, a reduction of 13.8%[17]. - The company incurred a total tax expense of 2,903,108.92 RMB in Q1 2023, compared to 1,171,831.73 RMB in Q1 2022, representing an increase of about 147.0%[20]. - The company’s total liabilities increased to 13,364,427.49 RMB in Q1 2023 from 8,293,764.93 RMB in Q1 2022, indicating a rise of approximately 61.5%[20]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 7,669[10]. - The largest shareholder, Wang Min, holds 27.64% of the shares, totaling 18,552,800 shares[11]. - Shareholders' equity as of March 31, 2023, was RMB 1,378,993,537.94, slightly down from RMB 1,387,259,055.73 at the end of 2022[17]. Research and Development - Research and development expenses totaled ¥18,555,512.79, accounting for 39.91% of operating revenue, an increase of 6.26 percentage points year-on-year[6]. - Research and development expenses for Q1 2023 were 18,555,512.79 RMB, compared to 17,048,909.86 RMB in Q1 2022, reflecting an increase of approximately 8.8%[20]. Operational Strategy - The company is focusing on improving operational efficiency and exploring new market opportunities to enhance future performance[19]. - The company continues to focus on market expansion and new product development strategies, although specific figures were not disclosed in the report[28].