Conglin Technology(SH:688370)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥164,590,546.78, representing a decrease of 6.44% compared to the same period last year[5] - The net profit attributable to shareholders of the listed company was ¥36,170,242.34, down 21.41% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥33,085,459.73, a decline of 23.23% compared to the previous year[5] - Basic and diluted earnings per share were both ¥0.34, a decrease of 41.06% due to an increase in share capital and a decline in net profit[6][9] - Total operating revenue for Q1 2023 was ¥164,590,546.78, a decrease of 6.5% compared to ¥175,917,259.41 in Q1 2022[18] - Net profit for Q1 2023 was ¥30,952,883.24, down 32.9% from ¥46,106,901.31 in Q1 2022[19] - Earnings per share (EPS) for Q1 2023 was ¥0.34, compared to ¥0.58 in Q1 2022, reflecting a decline of 41.4%[20] Cash Flow - The net cash flow from operating activities was ¥33,209,317.61, an increase of 90.57% year-on-year[6] - Cash inflow from operating activities totaled ¥180,262,139.30 in Q1 2023, slightly down from ¥185,327,766.29 in Q1 2022[20] - The net cash flow from operating activities was $33,209,317.61, an increase of 90.4% compared to $17,426,077.56 in the previous year[21] - The total cash outflow from investing activities was $936,345,614.01, significantly higher than $573,047,685.06 in the same period last year, resulting in a net cash flow from investing activities of -$894,482,008.82[21] - The net cash flow from financing activities was -$36,064,982.91, compared to a positive cash flow of $10,148,871.11 in the previous year[21] - The cash and cash equivalents net increase for the quarter was -$897,337,674.12, compared to -$98,472,869.11 in the previous year[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,722,045,414.39, a decrease of 0.74% from the end of the previous year[6] - As of March 31, 2023, the total current assets amounted to RMB 2,234,821,361.65, a slight decrease from RMB 2,243,538,850.22 at the end of 2022[13] - The company's cash and cash equivalents decreased to RMB 1,019,641,108.00 from RMB 1,916,978,782.12, indicating a significant reduction in liquidity[13] - The total liabilities decreased to RMB 1,800,821,361.65 from RMB 1,820,538,850.22, showing a reduction in financial obligations[15] - The accounts payable decreased to RMB 137,801,577.29 from RMB 173,753,255.05, indicating improved cash flow management[15] - The company's total liabilities decreased to ¥789,146,966.65 in Q1 2023 from ¥852,298,396.27 in Q1 2022, a reduction of 7.4%[16] - Non-current liabilities also decreased to ¥297,293,838.24 in Q1 2023 from ¥315,686,371.23 in Q1 2022, a decline of 5.8%[16] Investments and Expenses - Research and development expenses totaled ¥9,568,907.39, accounting for 5.81% of operating revenue, a decrease of 0.22 percentage points year-on-year[6] - The company reported a financial income of ¥1,432,723.46 in Q1 2023, compared to a financial expense of ¥3,497,774.09 in Q1 2022, indicating a significant improvement[18] - The company paid $56,326,164.44 in employee compensation, up from $53,936,707.69 in the previous year[21] - The company reported a total tax payment of $12,702,025.52, down from $18,495,813.33 in the previous year[21] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 15,803[10] - The total equity attributable to shareholders increased to ¥2,896,404,676.28 in Q1 2023 from ¥2,856,599,125.15 in Q1 2022, an increase of 1.4%[16] Government Support - The company received government subsidies amounting to ¥1,216,769.51 during the reporting period[7] Accounting Changes - The company executed new accounting standards starting in 2023, which may affect financial reporting[22]