FJR(SH:688272)2023-04-25 16:00Financial Performance - The company's revenue for Q1 2023 was CNY 30,906,365.17, representing a year-on-year increase of 107.45% compared to CNY 14,489,830 in the same period last year[5] - Total operating revenue for Q1 2023 was CNY 30,906,365.17, a 106.5% increase from CNY 14,898,298.41 in Q1 2022[23] - The net profit attributable to shareholders was -CNY 19,130,116.53, a decrease of CNY 2,428,500 compared to -CNY 16,701,616.53 in the previous year[7] - Net loss for Q1 2023 was CNY 19,130,116.53, compared to a net loss of CNY 16,701,589.96 in Q1 2022, indicating a worsening of 8.5%[24] - Basic and diluted earnings per share for Q1 2023 were both CNY -0.25, compared to CNY -0.22 in Q1 2022[25] Cost and Margin Analysis - The gross margin for the period was 20.30%, down 17.05 percentage points from 37.35% in the same period last year, primarily due to rising raw material costs and increased industry competition[7] - Total operating costs for Q1 2023 were CNY 56,311,222.53, up 69.7% from CNY 33,168,539.51 in Q1 2022[23] Research and Development - Research and development expenses totaled CNY 16,587,867.03, an increase of 73.89% from CNY 9,539,500 in the previous year, reflecting the company's commitment to increasing R&D investment[6] - The company reported a decrease in the proportion of R&D expenses to revenue, which was 53.67%, down 10.36 percentage points from the previous year[6] - Research and development expenses increased to CNY 16,587,867.03 in Q1 2023, compared to CNY 9,539,480.27 in Q1 2022, reflecting a 74.0% rise[23] Cash Flow and Liquidity - The net cash flow from operating activities was -CNY 11,298,293.25, with no applicable year-on-year comparison due to negative cash flow[5] - The company’s cash flow from operating activities showed a significant increase, reflecting improved operational efficiency and revenue generation[27] - The net cash flow from operating activities was -$11,298,293.25, a significant improvement from -$29,936,972.15 in the previous year[28] - Total cash inflow from operating activities was $66,885,297.42, while cash outflow was $78,183,590.67[28] - Cash received from sales of goods and services in Q1 2023 was CNY 63,891,562.00, significantly up from CNY 22,693,983.66 in Q1 2022, marking an increase of 182.5%[27] Assets and Liabilities - The total assets at the end of the reporting period were CNY 713,789,049.74, a decrease of 4.70% from CNY 748,961,427.23 at the end of the previous year[6] - The total current assets as of March 31, 2023, amounted to ¥655,103,183.25, a decrease of approximately 6.5% from ¥700,408,831.38 on December 31, 2022[18] - Total liabilities decreased to CNY 149,115,907.17 in Q1 2023 from CNY 165,158,168.13 in Q1 2022, a reduction of 9.7%[20] - Total equity decreased to CNY 564,673,142.57 in Q1 2023 from CNY 583,803,259.10 in Q1 2022, a decline of 3.3%[20] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 4,034[13] - The company reported a total of 10 major shareholders, with significant holdings by Ningbo Ruijifu Technology Center (Limited Partnership) and others[15] Government Support - The company received government subsidies amounting to CNY 901,000.00 during the reporting period[9] Future Outlook - The company has not disclosed any significant new product developments or market expansion strategies during the reporting period[16] - The company has not provided specific future guidance or performance outlook in the current report[16]