3PEAK(SH:688536)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 307,259,340.85, a decrease of 30.55% year-on-year[10]. - The net profit attributable to shareholders was CNY 1,639,849.12, down 98.21% compared to the same period last year[10]. - The net cash flow from operating activities was CNY -99,016,867.24, representing a decline of 163.26% year-on-year[10]. - Operating revenue decreased by 30.55% due to a decline in market conditions compared to the same period last year[33]. - Net profit attributable to shareholders decreased by 98.21%, primarily due to the drop in operating revenue and increased expenses[33]. - Net cash flow from operating activities decreased by 163.26%, attributed to reduced sales receipts and increased payments for goods and employee salaries[33]. - Basic earnings per share decreased by 98.70% due to the reduction in net profit[33]. - Total profit for Q1 2023 was $1,852,413.01, a sharp decline from $91,510,025.58 in Q1 2022, indicating a decrease of approximately 98%[41]. - Total revenue for Q1 2023 was RMB 307,259,340.85, a decrease of 30.5% compared to RMB 442,408,923.90 in Q1 2022[56]. Research and Development - R&D investment amounted to CNY 14,510.36 million, an increase of 4.93% year-on-year, with R&D expenses accounting for 47.23% of operating revenue, up 15.97 percentage points[14][15]. - Research and development expenses increased to $145,103,645.69 in Q1 2023 from $138,283,683.65 in Q1 2022, marking a rise of approximately 5.2%[41]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,086,285,638.37, a decrease of 1.57% from the end of the previous year[15]. - Current liabilities totaled approximately 232.45 million, down from 325.31 million in the previous year[38]. - Non-current assets increased to approximately 616.49 million from 608.70 million year-over-year[38]. - Total liabilities decreased from RMB 365,645,849.84 in the previous year to RMB 268,390,437.35 in Q1 2023[56]. - The total equity attributable to shareholders increased from RMB 3,785,672,031.46 in Q1 2022 to RMB 3,817,895,201.02 in Q1 2023[56]. - The company’s total assets decreased from RMB 4,151,317,881.30 in Q1 2022 to RMB 4,086,285,638.37 in Q1 2023[56]. Cash Flow - The company reported a net cash outflow from operating activities of $99,016,867.24 in Q1 2023, compared to a cash inflow of $156,511,572.45 in Q1 2022[45]. - The net cash flow from investing activities in Q1 2023 was negative RMB 517,471,091.98, compared to a positive RMB 341,092,479.63 in Q1 2022[62]. - Cash and cash equivalents decreased to approximately 1.51 billion from 2.13 billion year-over-year[38]. - Cash and cash equivalents at the end of Q1 2023 were RMB 1,510,296,601.34, compared to RMB 790,349,501.77 at the end of Q1 2022[62]. - The cash received from the recovery of investments was $2,750,000,000.00 in Q1 2023, compared to $2,394,000,000.00 in Q1 2022, indicating an increase of about 14.9%[45]. Expenses - The company reported a significant increase in sales expenses, which rose to $19,316,823.25 in Q1 2023 from $14,913,793.19 in Q1 2022, reflecting an increase of approximately 29.5%[41]. - The company recorded a financial expense of -$2,433,077.99 in Q1 2023, compared to -$578,023.37 in Q1 2022, representing a significant increase in financial costs[41]. Future Outlook - The company plans to continue advancing cost reduction and efficiency improvement efforts, focusing on key technologies and new product development to enhance market competitiveness[14].