KPA(SH:688681)2023-04-25 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥55,785,526.92, representing a year-on-year increase of 25.91%[5] - The net profit attributable to shareholders was a loss of ¥4,988,540.28, with a significant reduction in losses of ¥8,594,900 compared to the previous period[9] - The net profit for Q1 2023 was -5,211,197.12 CNY, compared to -13,583,407.77 CNY in Q1 2022, showing an improvement of approximately 61.5% year-over-year[19] - Operating profit for Q1 2023 was -4,668,980.66 CNY, a significant reduction from -12,911,801.01 CNY in the same period last year, indicating a 63.8% improvement[19] - The total comprehensive income for Q1 2023 was -5,224,937.13 CNY, compared to -13,614,938.29 CNY in Q1 2022, reflecting a significant reduction in losses[20] Cash Flow and Assets - The net cash flow from operating activities was a negative ¥8,832,043.34, indicating a decrease in cash flow due to increased payments for raw materials and operating expenses[6] - Cash flow from operating activities showed a net outflow of -8,832,043.34 CNY in Q1 2023, worsening from -6,413,335.80 CNY in Q1 2022[22] - Investment activities resulted in a net cash outflow of -48,788,265.26 CNY in Q1 2023, compared to -35,728,168.96 CNY in Q1 2022, indicating increased investment expenditures[23] - Cash and cash equivalents as of March 31, 2023, were CNY 142,709,198.24, down from CNY 201,082,648.85 at the end of 2022, representing a decrease of 29.0%[14] - Total assets at the end of the reporting period were ¥739,475,052.24, down 5.14% from the end of the previous year[6] - Total assets as of March 31, 2023, were CNY 739,475,052.24, down from CNY 779,530,455.79 at the end of 2022, indicating a decrease of 5.2%[16] Shareholder Information - The company reported a total of 4,168 common shareholders at the end of the reporting period[11] - The top shareholder, Shandong Kehui Investment Co., Ltd., held 27.06% of the shares, totaling 28,323,315 shares[11] Research and Development - Research and development expenses totaled ¥9,463,187.00, accounting for 16.96% of operating revenue, a decrease of 3.06 percentage points year-on-year[6] - Research and development expenses rose to 9,463,187.00 CNY in Q1 2023, compared to 8,872,740.75 CNY in Q1 2022, marking an increase of approximately 6.6%[19] Operational Challenges - The company reported a net loss for Q1 2023, with total costs exceeding total revenue, indicating challenges in managing operational expenses[18] - Total operating costs for Q1 2023 were CNY 68,427,395.47, up from CNY 62,446,930.88 in Q1 2022, reflecting a year-over-year increase of 9.5%[18] - The weighted average return on net assets was -0.89%, reflecting the impact of the net loss on overall profitability[6] Strategic Focus - The company plans to continue focusing on smart grid fault monitoring and automation business to drive revenue growth[9] - The company has not disclosed any new product launches or significant market expansion strategies in this report[9] - There are no significant mergers or acquisitions reported in the current quarter, and no new strategic initiatives have been highlighted[13] - The company has not disclosed any new product launches or technological advancements during this reporting period[13]