Sansec(SH:688489)2023-04-25 16:00Financial Performance - The company's revenue for Q1 2023 was ¥36,216,238.08, representing a year-on-year increase of 32.71%[4] - The net profit attributable to shareholders was -¥3,783,403.23, indicating a loss compared to the previous year[4] - The basic earnings per share were -¥0.0492, reflecting the company's loss in the quarter[4] - Net loss for Q1 2023 was ¥3,783,403.23, an improvement from a net loss of ¥9,214,489.54 in Q1 2022, representing a 59.0% reduction in losses[20] - The company reported a basic earnings per share of -0.0492 in Q1 2023, an improvement from -0.1605 in Q1 2022[21] Research and Development - Research and development expenses totaled ¥18,951,849.19, accounting for 52.33% of the revenue, an increase of 0.82 percentage points[5] - Research and development expenses increased to ¥18,951,849.19 in Q1 2023, compared to ¥14,055,224.07 in Q1 2022, reflecting a 34.3% increase[19] Cash Flow and Liquidity - The net cash flow from operating activities was -¥34,085,783.74, indicating a cash outflow[4] - Cash flow from operating activities was ¥58,980,617.56 in Q1 2023, compared to ¥41,592,935.81 in Q1 2022, indicating a 41.7% increase[23] - The net cash flow from operating activities was -34,085,783.74, an improvement from -44,477,682.33 in the previous period, indicating a 23.5% reduction in cash outflow[24] - Total cash inflow from operating activities was 65,167,515.81, compared to 42,743,788.62 in the previous period, reflecting a 52.5% increase[24] - Cash outflow from operating activities totaled 99,253,299.55, up from 87,221,470.95, representing a 13.3% increase[24] - The ending balance of cash and cash equivalents was 1,398,418,447.91, down from 1,470,843,103.23, reflecting a decrease of 4.9%[25] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,933,597,018.77, a decrease of 2.02% from the previous year[5] - The company experienced a decrease of 0.15% in total equity attributable to shareholders, which was ¥1,880,715,704.00 at the end of the reporting period[5] - Total liabilities amounted to ¥52,881,314.77 in Q1 2023, down from ¥90,029,840.08 in Q1 2022[18] - The company has engaged in a strategic asset management plan involving the participation in margin trading, with 119,600 shares borrowed and fully returned by the end of the reporting period[13] Operational Highlights - The company emphasized the importance of information security, which contributed to the growth in product sales[8] - The company has seen a significant increase in sales revenue, indicating a positive trend in customer demand and market presence[19] - The company plans to continue focusing on market expansion and new product development in the upcoming quarters[19] Other Financial Metrics - The company reported non-recurring gains of ¥995,798.30 after tax, primarily from government subsidies[7] - The company paid 47,775,750.87 in employee compensation, which is an increase from 35,216,027.60, indicating a 35.5% rise in payroll expenses[24] - The company incurred tax payments totaling 13,065,581.70, a decrease from 14,442,618.76, reflecting a 9.5% reduction in tax outflow[24] Inventory and Receivables - Accounts receivable decreased to CNY 290,818,166.76 from CNY 317,038,059.75, reflecting a decline of approximately 8.2%[16] - Inventory increased to CNY 44,412,201.94 from CNY 40,003,155.64, showing an increase of about 11.3%[16] Investment Activities - The net cash flow from investing activities was -34,345,842.24, worsening from -2,987,507.77 in the previous period[24] - Cash outflow for the purchase of fixed assets and intangible assets was 34,346,472.24, significantly higher than 2,991,957.77 previously, indicating a substantial increase in investment[24] Future Outlook - The report indicates that the company has not disclosed any significant new product developments or technological advancements during the quarter[14] - There are no significant mergers or acquisitions reported in the current quarter[14] - The company has not provided specific future guidance or performance outlook in the available documents[14]