ZHUHAI COSMX(SH:688772)2023-04-21 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥2,376,942,403.33, representing a decrease of 20.89% compared to the same period last year[4] - The net profit attributable to shareholders was a loss of ¥139,841,497.10, a decline of 374.67% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥166,002,542.82, down 577.55% from the previous year[4] - The basic earnings per share were -¥0.12, a decline of 340.00% year-on-year[4] - The weighted average return on equity was -2.13%, a decrease of 2.93 percentage points compared to the previous year[4] - Total revenue for Q1 2023 was CNY 2,376,942,403.33, a decrease of 21% compared to CNY 3,004,584,519.44 in Q1 2022[16] - Net profit for Q1 2023 was a loss of CNY 162,473,811.90, compared to a profit of CNY 51,085,718.54 in Q1 2022[18] Cash Flow - The net cash flow from operating activities was ¥321,904,965.88, a decrease of 10.10% compared to the same period last year[4] - Cash flow from operating activities was CNY 2,933,713,104.96 in Q1 2023, an increase from CNY 2,679,798,844.48 in Q1 2022, reflecting a growth of approximately 9.4%[20] - Net cash flow from operating activities was $321.90 million, down from $358.07 million, representing a decrease of about 10%[21] - Cash inflow from investment activities was $499.23 million, significantly higher than $6.23 million in the previous year[22] - Cash outflow from investment activities reached $1.92 billion, compared to $1.34 billion last year, marking an increase of approximately 43%[22] - Cash inflow from financing activities was $1.29 billion, up from $968.92 million, reflecting a growth of about 33%[22] - Cash outflow from financing activities totaled $931.29 million, compared to $314.61 million last year, indicating a significant increase of approximately 196%[22] - The ending cash and cash equivalents balance was $2.73 billion, up from $1.73 billion, showing a growth of about 58%[22] - The company reported a net increase in cash and cash equivalents of -$745.42 million, compared to -$324.18 million in the previous year, indicating a worsening cash position[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥19,153,887,509.60, down 3.30% from the end of the previous year[5] - The equity attributable to shareholders was ¥6,488,719,220.63, a decrease of 2.15% compared to the end of the previous year[5] - As of March 31, 2023, total current assets decreased to RMB 8,848,776,905.09 from RMB 10,001,636,583.57 as of December 31, 2022, representing a decline of approximately 11.5%[14] - Total liabilities as of Q1 2023 amounted to CNY 12,615,920,514.76, compared to CNY 13,139,977,049.94 in the previous year, showing a decrease of approximately 4%[16] - The total equity attributable to shareholders of the parent company was CNY 6,488,719,220.63, down from CNY 6,631,547,548.59 in the previous year, a decline of about 2.1%[16] Research and Development - Research and development expenses totaled ¥217,218,952.35, accounting for 9.14% of operating revenue, a decrease of 2.61 percentage points year-on-year[5] - Research and development expenses for Q1 2023 were CNY 217,218,952.35, up from CNY 196,123,926.85 in Q1 2022, indicating an increase of about 10.8%[18] Other Financial Metrics - The company reported non-recurring gains of ¥26,161,045.72, primarily from government subsidies and other non-operating income[8] - The deferred income tax liabilities were CNY 586,515,118.73, slightly down from CNY 601,994,522.01 in the previous year[16] - The company experienced a significant increase in financial expenses, which rose to CNY 51,936,738.75 in Q1 2023 from CNY 33,025,527.95 in Q1 2022, marking an increase of approximately 57%[18] Operational Updates - The company has not provided any updates on new product developments or market expansion strategies during this reporting period[13]