Xinyichang(SH:688383)2023-04-27 16:00Financial Performance - The company's revenue for Q1 2023 was CNY 358,169,549.70, representing a year-over-year increase of 2.14%[4] - The net profit attributable to shareholders decreased by 17.74% to CNY 58,331,276.51[4] - The basic earnings per share (EPS) was CNY 0.57, down 17.39% compared to the same period last year[4] - Total operating revenue for Q1 2023 was RMB 358,169,549.70, a slight increase of 2.15% compared to RMB 350,659,474.03 in Q1 2022[17] - Net profit for Q1 2023 was RMB 58,085,021.12, representing a decrease of 17.8% from RMB 70,715,715.26 in Q1 2022[18] - The company reported a basic and diluted earnings per share of RMB 0.57, down from RMB 0.69 in the same quarter last year[18] Research and Development - Research and development (R&D) expenses totaled CNY 20,030,149.15, an increase of 32.40% year-over-year, accounting for 5.59% of total revenue[5] - Research and development expenses rose to RMB 20,030,149.15, an increase of 32.5% compared to RMB 15,128,478.36 in Q1 2022[17] Cash Flow - The net cash flow from operating activities was negative at CNY -51,976,931.98, indicating cash outflow[4] - Cash flow from operating activities showed a net outflow of RMB 51,976,931.98, an improvement from a net outflow of RMB 124,474,689.70 in Q1 2022[20] - Cash flow from investing activities resulted in a net outflow of RMB 168,635,646.14, compared to a net outflow of RMB 48,328,793.28 in the previous year[22] - Cash flow from financing activities generated a net inflow of RMB 105,547,114.34, down from RMB 118,855,835.44 in Q1 2022[22] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,524,587,581.53, a 3.27% increase from the end of the previous year[5] - As of March 31, 2023, the total current assets amounted to RMB 1,866,198,583.61, a decrease from RMB 1,975,193,609.01 at the end of 2022, reflecting a decline of approximately 5.5%[14] - The company's cash and cash equivalents were reported at RMB 188,788,176.57, down from RMB 352,169,479.64 at the end of 2022, indicating a significant decrease of about 46.3%[13] - Accounts receivable increased to RMB 872,362,536.92 from RMB 697,279,124.13, representing a growth of approximately 25.1%[13] - Inventory decreased to RMB 549,499,470.73 from RMB 644,381,513.81, showing a reduction of about 14.7%[14] - Total liabilities as of March 31, 2023, were RMB 1,104,603,911.74, compared to RMB 1,067,059,667.57 at the end of 2022, marking an increase of approximately 3.5%[15] - The company's total equity increased to RMB 1,419,983,669.79 from RMB 1,377,690,554.52, reflecting a growth of about 3.1%[15] - The total assets of the company reached RMB 2,524,587,581.53, up from RMB 2,444,750,222.09, indicating an increase of approximately 3.3%[15] - The company reported a short-term loan balance of RMB 729,661,370.97, which increased from RMB 609,538,995.97, representing a rise of about 19.7%[14] - The company’s retained earnings rose to RMB 552,567,101.45 from RMB 494,235,824.94, showing an increase of approximately 11.8%[15] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 3,144[10] - The top two shareholders, Hu Xinrong and Song Changning, held 36.85% and 30.15% of the shares, respectively[11] Tax and Guidance - The company experienced a significant increase in tax expenses, which rose to RMB 10,066,504.06 from RMB 12,625,323.41 in Q1 2022[17] - The company has not provided any specific guidance or outlook for future performance in the report[13] Return on Equity - The weighted average return on equity (ROE) was 4.17%, a decrease of 1.35 percentage points[5]