Shenqi(SH:900904)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 582,797,540.36, representing a decrease of 0.93% compared to the same period last year[7] - The net profit attributable to shareholders was CNY 23,790,846.61, reflecting an increase of 1.39% year-on-year[7] - Total operating revenue for Q1 2023 was ¥582,797,540.36, a decrease of 0.76% compared to ¥588,244,525.86 in Q1 2022[20] - Net profit for Q1 2023 was ¥23,351,102.30, representing a 12.5% increase from ¥20,747,533.82 in Q1 2022[20] - The net profit attributable to the parent company's shareholders for Q1 2023 was ¥23,790,846.61, an increase from ¥23,465,067.59 in Q1 2022, representing a growth of approximately 1.38%[22] - The total comprehensive income for Q1 2023 was ¥25,338,281.91, compared to ¥15,936,326.21 in Q1 2022, indicating a significant increase of approximately 58.73%[22] Cash Flow and Investments - The net cash flow from operating activities decreased significantly by 62.61%, amounting to CNY 23,483,555.88[11] - Operating cash flow for Q1 2023 was ¥23,483,555.88, down from ¥62,803,872.32 in Q1 2022, reflecting a decrease of approximately 62.66%[24] - The company incurred a net cash outflow from investing activities of ¥23,573,667.45 in Q1 2023, compared to a smaller outflow of ¥5,654,225.83 in Q1 2022, indicating a significant increase in investment expenditures[25] - The net cash outflow from financing activities was ¥8,231,985.32 in Q1 2023, an improvement from a larger outflow of ¥17,774,068.93 in Q1 2022, suggesting better management of financing costs[25] - The company received cash from borrowings amounting to ¥15,857,135.99 in Q1 2023, while cash outflows for debt repayment were ¥17,000,000.00, indicating a net cash outflow in financing activities[25] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,175,677,192.50, down 6.08% from the end of the previous year[7] - Total assets as of March 31, 2023, were ¥3,175,677,192.50, a decrease from ¥3,381,085,508.75 at the end of 2022[17] - Total liabilities decreased to ¥777,162,407.62 from ¥1,007,909,005.78 at the end of 2022, reflecting a reduction of approximately 22.8%[18] - Cash and cash equivalents amounted to ¥646,278,357.71, slightly down from ¥656,490,488.19 at the end of 2022[16] - Cash and cash equivalents at the end of Q1 2023 stood at ¥646,243,324.02, compared to ¥533,117,647.86 at the end of Q1 2022, showing an increase of approximately 21.18%[25] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 72,288[12] - The top shareholder, Guizhou Magic Holdings Group, holds 22.59% of the shares, with 120,661,620 shares pledged[13] Research and Development - Research and development expenses increased by 215.75%, indicating a significant rise in investment in innovation[10] - Research and development expenses increased significantly to ¥19,160,727.57, up 215.5% from ¥6,068,230.05 in Q1 2022[20] Other Financial Metrics - The company reported a weighted average return on equity of 1.02%, which is a slight increase of 0.02% compared to the previous year[7] - The company experienced a 51.68% decrease in receivables financing due to the maturity of previously endorsed notes[10] - The company did not report any investment income for the period, marking a 100% decrease in this category[10] - Accounts receivable increased to ¥412,635,503.53 from ¥361,049,109.95, marking a rise of 14.3%[16] - Inventory decreased to ¥202,204,352.43 from ¥218,822,277.02, a decline of 7.6%[16] - Shareholders' equity totaled ¥2,398,514,784.88, up from ¥2,373,176,502.97 at the end of 2022, indicating a growth of 1.06%[18] - The other comprehensive income after tax for Q1 2023 was ¥1,987,179.61, a recovery from a loss of ¥7,688,207.61 in Q1 2022, reflecting a positive turnaround in financial performance[22] - Basic and diluted earnings per share remained stable at ¥0.04 for both Q1 2023 and Q1 2022, indicating consistent profitability on a per-share basis[22]