Orbbec (SH:688322)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was RMB 61,261,213.90, representing a decrease of 25.83% compared to the same period last year[10]. - The net profit attributable to shareholders of the listed company was a loss of RMB 68,120,785.16, with a net profit excluding non-recurring gains and losses of RMB 83,595,878.20[10]. - The company reported a net loss of $1.38 billion for Q1 2023, compared to a net loss of $1.31 billion in Q1 2022, indicating a worsening of 5.2%[22]. - The net profit attributable to the parent company was -68,120,785.16, compared to -60,909,408.41 in the previous period, indicating a decline of approximately 11.5%[25]. - The total comprehensive income attributable to the parent company was -69,080,859.81, down from -61,060,349.17, reflecting a decrease of about 13.3%[26]. - The operating profit was -70,477,327.09, an improvement from -75,640,126.60 in the previous period, showing a reduction in losses[25]. - The total profit was -70,683,362.98, slightly better than -75,648,859.93 in the previous period, indicating a narrowing of losses[25]. Cash Flow - The net cash flow from operating activities was negative at RMB 92,571,439.75, indicating a significant cash outflow compared to the previous year[10]. - The company experienced a significant decrease in cash received from sales of goods and services compared to the previous year, impacting cash flow from operating activities[13]. - In Q1 2023, the cash inflow from operating activities totaled $95,375,203.16, a decrease of 63.1% compared to $258,511,116.78 in Q1 2022[47]. - The net cash outflow from operating activities was $92,571,439.75, contrasting with a net inflow of $30,443,678.95 in the same period last year[47]. - The total cash outflow from operating activities was $187,946,642.91, down from $228,067,437.83 in Q1 2022, indicating a decrease of 17.6%[47]. - The cash inflow from the sale of goods and services was $69,934,301.53, down from $139,638,883.14 in Q1 2022, a decrease of 49.9%[47]. - The cash received from investment recoveries was $812,804,581.63, significantly up from $353,700,000.00 in Q1 2022, marking an increase of 130%[47]. - The cash received from investment income was $12,793,707.98, compared to $2,868,908.45 in Q1 2022, reflecting a growth of 346%[47]. - The cash inflow from tax refunds was $2,125,065.54, compared to $2,769,144.45 in Q1 2022, a decline of 23.3%[47]. Assets and Liabilities - Total assets at the end of the reporting period were RMB 3,391,311,112.31, down 1.05% from the end of the previous year[11]. - Total assets decreased to $3.39 billion as of March 31, 2023, from $3.43 billion at the end of 2022, a decline of 1.0%[22]. - Equity attributable to shareholders of the listed company was RMB 3,181,441,973.33, reflecting a decrease of 1.53% compared to the previous year[11]. - The total equity attributable to shareholders decreased to $3.18 billion from $3.23 billion, a decline of 1.6%[22]. - The company's total liabilities reached $221.18 million, an increase from $205.25 million in the previous year, marking an increase of 7.8%[22]. - Non-current liabilities increased to $65.03 million in Q1 2023, up from $54.58 million in Q1 2022, reflecting a rise of 19.1%[22]. Research and Development - Research and development expenses totaled RMB 77,573,402.45, which is a decrease of 11.01% year-on-year, but the proportion of R&D expenses to operating revenue increased to 126.63%[10]. - Research and development expenses in Q1 2023 amounted to $77.57 million, compared to $87.17 million in Q1 2022, indicating a decrease of 11%[24]. Other Activities - The company has not disclosed any new product developments or market expansion strategies during this reporting period[10]. - There were no significant mergers or acquisitions reported in the current quarter[10].