ZYDX(SH:688509)2023-04-25 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥182,883,778.36, representing a decrease of 28.42% compared to the same period last year[5]. - The net profit attributable to shareholders was a loss of ¥11,890,688.99, with a net profit excluding non-recurring items of ¥12,738,705.41[5]. - Basic and diluted earnings per share were both -¥0.02, indicating a loss[6]. - Total operating revenue for Q1 2023 was ¥182,883,778.36, a decrease of 28.5% compared to ¥255,480,462.34 in Q1 2022[21]. - Net loss for Q1 2023 was ¥10,859,763.74, compared to a net loss of ¥8,437,666.50 in Q1 2022, reflecting a worsening of 16.8%[22]. - Basic and diluted earnings per share for Q1 2023 were both -¥0.02, compared to -¥0.01 in Q1 2022[23]. Cash Flow - The net cash flow from operating activities was negative at ¥66,633,360.72[5]. - Cash inflow from operating activities in Q1 2023 was ¥343,674,209.77, a decrease of 16.9% from ¥413,753,156.06 in Q1 2022[24]. - Cash received from sales of goods and services was ¥277,319,732.52, down 20.8% from ¥350,379,730.35 in Q1 2022[24]. - The net cash flow from operating activities was -$66.63 million, compared to -$105.97 million in the previous year, showing an improvement of approximately 37%[25]. - Cash outflows from operating activities totaled $410.31 million, down from $519.72 million year-over-year, indicating a reduction of about 21%[25]. - The ending balance of cash and cash equivalents was $443.79 million, down from $516.82 million year-over-year, a decrease of approximately 14%[26]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,918,059,708.04, a decrease of 1.31% from the end of the previous year[6]. - Current assets totaled RMB 2,931,814,387.86, down from RMB 2,983,279,183.85, indicating a decrease of about 1.7%[17]. - Cash and cash equivalents were reported at RMB 454,451,588.79, compared to RMB 493,337,094.86 at the end of 2022, representing a decline of approximately 7.9%[16]. - Accounts receivable decreased to RMB 610,456,936.21 from RMB 679,478,481.39, a reduction of about 10.2%[17]. - Total liabilities as of Q1 2023 were ¥2,202,704,273.64, a decrease from ¥2,243,033,361.79 in the previous quarter[19]. - Total equity attributable to shareholders was ¥1,508,685,343.54, slightly down from ¥1,521,519,580.52 in the previous quarter[19]. Expenses - Research and development expenses totaled ¥12,936,740.44, accounting for 7.07% of operating revenue, an increase of 1.15 percentage points year-on-year[6]. - Management expenses decreased by 42.89% year-on-year, attributed to ongoing structural optimization and cost reduction efforts[10]. - Research and development expenses for Q1 2023 were ¥12,936,740.44, a decrease of 14.4% from ¥15,116,421.47 in Q1 2022[21]. - The company reported a significant increase in management expenses, which were ¥22,705,388.88 in Q1 2023 compared to ¥39,758,021.21 in Q1 2022, indicating a strategic shift in operational focus[21]. Inventory - The company reported a significant increase in inventory by 289.57% compared to the beginning of the period, primarily due to project procurement[10]. - The company reported inventory of RMB 28,520,885.59, up from RMB 7,321,147.75, indicating a significant increase[17]. Future Outlook and Strategy - The company has not provided specific guidance for future performance or new product developments in this report[15]. - There were no significant mergers or acquisitions mentioned during the earnings call[15]. - The report did not highlight any new strategies or technological advancements undertaken by the company[15].