CHSR(SZ:000008)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥431,343,230.64, representing a 100.08% increase compared to ¥215,585,239.29 in the same period last year[5] - The net loss attributable to shareholders was ¥32,949,016.59, a 35.82% improvement from a loss of ¥51,340,179.91 in the previous year[5] - Net profit for Q1 2023 was CNY -30,758,535.21, an improvement from CNY -51,402,136.02 in Q1 2022, reflecting a reduction in losses[20] - The company recorded a total comprehensive loss of CNY -30,942,393.29, compared to CNY -51,482,844.34 in Q1 2022, showing a reduction in comprehensive losses[21] Cash Flow - The net cash flow from operating activities was negative at ¥104,324,929.23, a decline of 266.85% compared to a positive cash flow of ¥62,526,343.44 in the same period last year[5] - The company reported a net cash outflow from operating activities of CNY -104,324,929.23, compared to a net inflow of CNY 62,526,343.44 in the previous year[21] - The cash flow from operating activities was not detailed in the provided data, but the overall cash increase was 144,627,919.86 CNY in Q1 2023, contrasting with a decrease of -338,419,549.20 CNY in Q1 2022[22] - The net cash flow from financing activities improved to 321,999,180.79 CNY in Q1 2023, compared to -350,866,881.14 CNY in Q1 2022, showing a positive turnaround[22] Assets and Liabilities - Total assets increased by 1.84% to ¥11,454,821,170.32 from ¥11,248,084,947.03 at the end of the previous year[5] - The total liabilities increased to CNY 7,004,248,562.30, up from CNY 6,767,929,022.88, reflecting a growth of 3.5%[20] - The company reported a total current liabilities of ¥6,105,277,720.85, compared to ¥5,889,374,210.02 at the beginning of the year, an increase of about 3.7%[16] Shareholder Information - Total number of common shareholders at the end of the reporting period is 91,207[12] - The largest shareholder, China National Investment High-tech Industry Investment Co., Ltd., holds 26.23% of shares, totaling 712,418,457 shares[12] Investment Activities - The cash paid for investments decreased by 87.50% to ¥50,000,000.00, indicating a reduction in investment activities compared to the previous year[11] - The company reported a total investment cash outflow of 74,467,168.03 CNY in Q1 2023, compared to 461,091,234.47 CNY in Q1 2022, indicating a significant reduction in investment spending[22] Research and Development - Research and development expenses decreased by 33.21% to ¥35,770,111.10, reflecting a reduction in ongoing projects compared to the previous year[9] - Research and development expenses decreased to CNY 35,770,111.10 from CNY 53,559,596.97, indicating a 33.2% reduction[18] Financing Activities - The company experienced a 40.46% increase in cash received from new short-term borrowings, totaling ¥1,521,594,200.00[11] - The total cash inflow from financing activities was 1,703,553,800.48 CNY, up from 1,083,319,550.00 CNY in the same period last year, reflecting increased borrowing[22] - The company’s cash flow from financing activities included 1,521,594,200.00 CNY in borrowed funds in Q1 2023, compared to 1,083,319,550.00 CNY in Q1 2022, indicating a strategy to leverage debt[22] Legal Matters - The company is actively pursuing legal action regarding the arbitration result related to the equity buyback from Henan Yuhang Railway Development Co., Ltd.[13] - The company has not received payment related to the arbitration matter and is committed to protecting its rights through legal means[13] Other Financial Metrics - The weighted average return on equity was -1.35%, slightly down from -1.11% in the previous year[5] - Basic and diluted earnings per share for Q1 2023 were both CNY -0.0121, an improvement from CNY -0.0189 in the same quarter last year[21] - The company experienced a negative impact of -474,276.37 CNY from exchange rate fluctuations on cash and cash equivalents in Q1 2023[22]