QCIOT(SH:688528)2023-04-20 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥50,234,319.06, representing a decrease of 5.92% compared to the same period last year[5]. - The net profit attributable to shareholders was a loss of ¥14,871,528.58, with a basic and diluted earnings per share of -¥0.089[5]. - Total revenue for Q1 2023 was ¥50,234,319.06, a decrease of 6.5% compared to ¥53,393,812.56 in Q1 2022[17]. - Net loss for Q1 2023 was ¥14,871,528.58, compared to a net loss of ¥7,896,352.76 in Q1 2022, representing a 88.5% increase in losses[19]. - Operating profit for Q1 2023 was -¥19,918,973.33, worsening from -¥9,133,745.20 in Q1 2022[18]. - Basic and diluted earnings per share for Q1 2023 were both -¥0.089, compared to -¥0.047 in Q1 2022[19]. - The total comprehensive income for Q1 2023 was -$13.06 million, compared to -$7.90 million in Q1 2022, reflecting ongoing financial challenges[30]. Assets and Liabilities - The total assets at the end of Q1 2023 were ¥1,031,636,164.99, a decrease of 1.10% from the end of the previous year[6]. - The total equity attributable to shareholders decreased by 1.98% to ¥735,064,478.38[6]. - Total liabilities increased to ¥296,571,686.61 in Q1 2023, compared to ¥293,203,515.94 in Q1 2022[16]. - Current liabilities totaled ¥263,845,011.57 in Q1 2023, up from ¥228,848,059.69 in Q1 2022, marking a 15.3% increase[16]. - Non-current liabilities decreased to ¥32,726,675.04 in Q1 2023 from ¥64,355,456.25 in Q1 2022, a reduction of 49.2%[16]. - The company's cash and cash equivalents decreased to RMB 225,978,446.14 from RMB 268,161,786.78 year-over-year[13]. - Cash and cash equivalents at the end of the period were CNY 203,240,880.75, down from CNY 246,342,128.43, indicating a decrease in liquidity[23]. Cash Flow - The net cash flow from operating activities was -¥23,993,420.55, indicating a negative cash flow situation[5]. - Net cash inflow from operating activities was CNY 53,793,712.75, an increase from CNY 47,033,039.51 in the previous year, reflecting a year-over-year growth of approximately 14.8%[22]. - Cash flow from operating activities showed a net outflow of -$19.86 million, an improvement from -$41.88 million in Q1 2022[32]. - Net cash outflow from investing activities was CNY 16,728,173.46, compared to a net inflow of CNY 3,161,499.95 in the same period last year, indicating a significant shift in investment strategy[23]. - Net cash outflow from financing activities was CNY 7,581,697.22, a decrease from a net inflow of CNY 39,153,028.09 in the previous year, highlighting a reduction in borrowing activities[23]. Research and Development - Research and development expenses amounted to ¥14,749,655.73, accounting for 29.36% of operating revenue, an increase of 9.78 percentage points year-on-year[5]. - Research and development expenses rose to ¥14,749,655.73 in Q1 2023, an increase of 41.8% from ¥10,452,314.20 in Q1 2022[18]. - Research and development expenses rose to $14.19 million, up 35.5% from $10.45 million in Q1 2022[29]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 7,358[9]. - The top shareholder, Shao Zehua, holds 60.22% of the shares, with a total of 101,165,281 shares[10]. - The company has a total of 10 major shareholders, with the top 10 holding a significant portion of the shares[11]. Market Strategy - The company is focusing on expanding its market presence and developing new technologies[12]. - The company plans to focus on expanding its market presence and enhancing product development in the upcoming quarters[22]. - The increase in operating expenses was attributed to higher R&D costs and increased sales and management expenses due to market expansion efforts[7].