Feymer(SH:688350)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 371,485,658.61, representing a decrease of 1.70% compared to the same period last year[5]. - The net profit attributable to shareholders was CNY 13,469,365.96, down 51.64% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 56.26% to CNY 10,452,199.51[10]. - Basic earnings per share were CNY 0.11, a decline of 52.17% compared to the previous year[6]. - Net profit for Q1 2023 was CNY 11,636,531.02, down 58.24% compared to CNY 27,852,502.07 in Q1 2022[21]. - The operating profit for Q1 2023 was ¥17.9 million, a decline of 42.5% from ¥31.1 million in Q1 2022[30]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,455,192,111.40, down 3.41% from the end of the previous year[6]. - As of March 31, 2023, total assets amounted to CNY 2,455,192,111.40, a decrease from CNY 2,541,979,768.60 at the end of 2022, reflecting a decline of approximately 3.4%[16]. - Current assets totaled CNY 1,495,194,987.34, down from CNY 1,617,887,988.20, indicating a decrease of about 7.5%[17]. - Total liabilities as of Q1 2023 amounted to CNY 859,418,529.96, down from CNY 960,596,929.18 in the previous year[19]. - The total liabilities decreased to 742,993,125.08 RMB from 805,645,658.27 RMB, indicating a reduction of approximately 7.77%[27]. Cash Flow - The net cash flow from operating activities was CNY -46,025,592.56, indicating a significant cash outflow[5]. - The company's cash flow from operating activities showed a significant increase, indicating improved operational efficiency despite a decline in net profit[24]. - Cash inflow from operating activities totaled CNY 333,361,900.53, compared to CNY 276,780,086.46 in Q1 2022, reflecting a growth of 20.41%[24]. - The cash flow from operating activities showed a net outflow of ¥28.2 million in Q1 2023, compared to a net inflow of ¥10.8 million in Q1 2022[33]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 5,525[12]. - The company reported a total of 10,779,977 shares held by Beijing Ruishi Bang Fine Chemical Technology Co., Ltd., making it the largest unrestricted shareholder[14]. - The second-largest shareholder, Jiang Feng, holds 2,915,595 shares, representing 2.39% of the total shares[14]. Research and Development - Research and development expenses totaled CNY 15,669,388.94, accounting for 4.22% of operating revenue, a decrease of 0.2 percentage points[6]. - Research and development expenses decreased to ¥8.7 million in Q1 2023, down 28.5% from ¥12.2 million in Q1 2022[29]. Investment Activities - The company has ongoing investments in new technologies and products, although specific details were not disclosed in the report[15]. - Cash inflow from investment activities was 299,683,357.42 RMB, compared to 281,446,119.03 RMB in the previous year, marking an increase of 6.4%[25]. - Cash outflow from investment activities totaled 426,745,379.32 RMB, up from 316,501,365.24 RMB, representing a significant increase of 34.8%[25]. - The company raised 23,317,380.00 RMB from new investments, compared to no new investments in the previous year[25]. Financial Expenses - The company reported a financial expense of CNY 1,853,988.48 in Q1 2023, compared to a financial income of CNY 135,412.73 in Q1 2022[20]. - The company reported a significant increase in financial expenses, with interest expenses rising to ¥2.6 million in Q1 2023 from ¥0.1 million in Q1 2022[29].