AWINIC(SH:688798)2023-04-25 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥384,478,021.22, representing a decrease of 35.41% compared to the same period last year[3]. - The net profit attributable to shareholders was a loss of ¥70,602,742.93, a decline of 222.77% year-over-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥131,446,382.87, down 354.38% from the previous year[3]. - The company reported a net loss of ¥70,602,742.93 for Q1 2023, compared to a net profit of ¥57,509,350.87 in Q1 2022, representing a significant decline[32]. - Operating profit for Q1 2023 was ¥-92,394,372.10, down from ¥58,362,950.19 in the same period last year[32]. - Total revenue from operating activities decreased to ¥430,640,723.50 in Q1 2023, compared to ¥761,416,710.28 in Q1 2022, reflecting a decline of approximately 43.4%[35]. - The company reported a total comprehensive loss of ¥71,860,409.04 for Q1 2023, contrasting with a total comprehensive income of ¥56,804,817.69 in Q1 2022[33]. Revenue and Costs - Total operating costs for Q1 2023 were RMB 514,407,601.44, slightly down from RMB 534,573,977.05 in Q1 2022, representing a decrease of 3.1%[47]. - Tax and additional charges decreased significantly to RMB 802,516.22 in Q1 2023 from RMB 3,136,828.37 in Q1 2022, a reduction of 74.4%[47]. - Sales expenses rose to RMB 30,594,423.17 in Q1 2023, an increase of 9.9% compared to RMB 27,911,456.17 in Q1 2022[47]. - Management expenses increased to RMB 40,495,386.51 in Q1 2023, up 6.4% from RMB 37,960,425.91 in Q1 2022[47]. Assets and Liabilities - The total assets of the company as of the end of Q1 2023 amounted to ¥4,692,706,529.10, a slight decrease from ¥4,728,577,581.98 at the end of the previous period[13]. - The total liabilities amounted to 1,204,008,861.94 RMB, an increase from 1,193,280,879.65 RMB in the previous year[21]. - The total current liabilities included short-term borrowings of ¥538,046,529.79, up from ¥519,438,093.62 in the previous period[13]. - The total cash and cash equivalents at the end of the period amounted to 1,014,203,637.43 RMB, down from 1,674,033,468.73 RMB at the beginning of the period, reflecting a net decrease of 659,829,831.30 RMB[36]. - The total current assets were reported at 3,335,319,879.68 RMB, with cash and cash equivalents contributing significantly to this figure[38]. Research and Development - The company reported a significant increase in R&D expenses as part of its strategy to diversify its market applications[8]. - Research and development expenses totaled 163,730,782.48 RMB, accounting for 42.59% of operating revenue, an increase of 17.74 percentage points[21]. - Research and development expenses increased to RMB 163,730,782.48 in Q1 2023, up 10.7% from RMB 147,941,526.08 in Q1 2022[47]. - The company plans to continue focusing on R&D and market expansion strategies to improve future performance[53]. Cash Flow - The company's cash flow from operating activities decreased due to lower sales and a reduction in export tax rebates[8]. - The net cash flow from operating activities was -148,552,870.02 RMB, not applicable for comparison[21]. - The company experienced a cash outflow from operating activities of ¥-148,552,870.02 in Q1 2023, worsening from ¥-49,827,371.27 in Q1 2022[35]. - The company reported cash outflows from investment activities of ¥2,771,781,528.06 in Q1 2023, compared to ¥3,540,004,794.23 in Q1 2022, indicating a reduction in investment spending[35]. - The net cash flow from financing activities was 1,664,415.53 RMB, compared to 15,761,405.72 RMB in the previous period, indicating a significant decrease[36]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 6,310[10]. - The basic and diluted earnings per share were both -0.43 RMB, a decrease of 222.86% compared to the previous period[21]. - Other comprehensive income attributable to the parent company was ¥-1,257,666.11 in Q1 2023, compared to ¥-704,533.18 in Q1 2022[33]. - The total equity attributable to shareholders was 3,488,697,667.16 RMB, a decrease of 1.32% from the previous year[21].