Speechocean(SH:688787)2023-04-24 16:00Financial Performance - In Q1 2023, the company reported revenue of CNY 28,817,417.72, a decrease of 39.81% compared to the same period last year[5]. - The net profit attributable to shareholders was CNY -13,616,264.02, representing a decline of 244.27% year-on-year[5]. - The net profit after deducting non-recurring gains and losses was CNY -17,048,168.03, a decrease of 477.02% compared to the previous year[10]. - The net cash flow from operating activities was CNY -22,684,420.05, down 575.76% year-on-year[6]. - The basic earnings per share were CNY -0.32, a decline of 245.45% compared to the same period last year[10]. - Total revenue for Q1 2023 was CNY 28,817,417.72, a decrease of 39.8% compared to CNY 47,876,427.23 in Q1 2022[21]. - The net profit for Q1 2023 was -13,616,264.02 RMB, compared to a net profit of 9,437,853.93 RMB in Q1 2022, indicating a significant decline[22]. - Operating profit for Q1 2023 was -19,037,466.61 RMB, a decrease from the operating profit of 9,776,167.05 RMB in the same period last year[22]. - Total comprehensive income for Q1 2023 was -13,634,686.03 RMB, compared to 9,439,473.63 RMB in Q1 2022[23]. - Revenue from sales of goods and services received in Q1 2023 was 43,130,433.11 RMB, a decrease from 67,570,950.91 RMB in Q1 2022[23]. - Other income for Q1 2023 was CNY 3,529,178.62, down from CNY 5,149,508.95 in Q1 2022, a decrease of 31.5%[21]. - The basic and diluted earnings per share for Q1 2023 were both -0.32 RMB, compared to 0.22 RMB in Q1 2022[23]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 846,062,596.47, a decrease of 3.52% from the end of the previous year[6]. - Cash and cash equivalents as of March 31, 2023, were CNY 55,302,426.99, down from CNY 73,199,423.63 as of December 31, 2022, a decline of 24.5%[19]. - Total assets decreased to CNY 846,062,596.47 as of March 31, 2023, from CNY 876,927,792.15 as of December 31, 2022, a reduction of 3.5%[21]. - Total liabilities decreased to CNY 30,271,448.29 as of March 31, 2023, from CNY 47,404,942.90 as of December 31, 2022, a decline of 36.2%[20]. - The company's total equity as of March 31, 2023, was CNY 815,791,148.18, down from CNY 829,522,849.25 as of December 31, 2022, a decrease of 1.7%[20]. - Accounts receivable decreased to CNY 89,040,651.00 as of March 31, 2023, from CNY 101,780,307.14 as of December 31, 2022, a decline of 12.6%[19]. - Inventory as of March 31, 2023, was CNY 4,546,818.23, slightly down from CNY 4,617,519.10 as of December 31, 2022, a decrease of 1.5%[19]. Research and Development - The total R&D investment was CNY 16,933,123.07, which accounted for 58.76% of revenue, an increase of 21.30 percentage points year-on-year[6]. - Research and development expenses for Q1 2023 were CNY 16,933,123.07, slightly down from CNY 17,934,730.30 in Q1 2022, a decrease of 5.9%[21]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 10,913[12]. - The largest shareholder, He Lin, holds 8,669,725 shares, representing 20.26% of the total shares[12]. - The second-largest shareholder, Beijing Zhongrui An Investment Center, holds 4,954,128 shares, accounting for 11.58%[12]. - The largest unrestricted shareholder, China Mobile Investment Holdings, holds 3,427,058 shares[13]. - The total number of shares held by the top ten unrestricted shareholders amounts to 12,000,000 shares[13]. - The company has not reported any significant changes in the status of pledged or frozen shares among the top shareholders[12]. Business Challenges and Strategies - The company faced challenges in overseas business due to the implementation of the "Data Export Security Assessment Measures," affecting revenue recognition and client budget releases[9]. - The company is upgrading its management structure and expanding its global marketing system, which has led to increased sales and management expenses[9]. - The gross profit margin was impacted by a decrease in the proportion of revenue from high-margin overseas business and standardized products[9]. - The company's overseas revenue significantly declined in Q1 2023 due to the implementation of the "Data Export Security Assessment Measures"[16]. - The company is conducting safety assessments for overseas business activities, which has impacted the delivery and acceptance progress of related projects[16]. - The company expects that the assessment work will gradually normalize, leading to a smoothing effect in the long term[16]. - The company is committed to complying with the new regulations affecting its overseas business operations[15]. Cash Flow - Cash flow from operating activities showed a net outflow of -22,684,420.05 RMB, contrasting with a net inflow of 4,768,088.45 RMB in Q1 2022[24]. - The company reported a cash inflow from investment activities of 404,560,462.14 RMB in Q1 2023, down from 994,700,598.11 RMB in Q1 2022[24]. - The company experienced a cash outflow from financing activities of -999,897.93 RMB in Q1 2023[24].