万方发展(000638) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was ¥36,657,977.24, representing a 27.05% increase compared to ¥28,853,677.06 in the same period last year[5] - The net loss attributable to shareholders was ¥3,679,649.02, a 12.08% improvement from a loss of ¥4,185,069.86 in the previous year[5] - The basic and diluted earnings per share were both -¥0.0119, showing an 11.85% improvement from -¥0.0135 in the previous year[5] - Net loss for Q1 2023 was CNY 4,187,955.96, compared to a net loss of CNY 4,432,439.88 in Q1 2022, showing a slight improvement[23] - The total comprehensive income for the period was -4,232,170.28 yuan, compared to -4,432,439.88 yuan in the previous period, showing an improvement of approximately 4.5%[24] Cash Flow - The net cash flow from operating activities improved by 54.11%, amounting to -¥25,124,379.37 compared to -¥54,751,275.39 in the same period last year[5] - The net cash flow from operating activities was -25,124,379.37 yuan, an improvement from -54,751,275.39 yuan in the previous period, indicating a reduction in cash outflow of about 54.2%[27] - Cash inflow from sales of goods and services was 28,254,354.18 yuan, up from 18,054,927.23 yuan, representing a growth of approximately 56.5%[26] - The net cash flow from investing activities was -1,622,320.00 yuan, compared to -32,747,918.63 yuan in the previous period, reflecting a significant reduction in cash outflow of about 95.0%[27] - The net cash flow from financing activities was 3,699,378.75 yuan, a recovery from -6,458,670.84 yuan in the previous period, indicating a turnaround in financing cash flow[27] Assets and Liabilities - Total assets at the end of Q1 2023 were ¥551,671,427.00, a decrease of 2.79% from ¥567,518,095.85 at the end of the previous year[5] - The company's total assets decreased to CNY 551,671,427.00 from CNY 567,518,095.85 at the beginning of the year, a decline of 2.5%[22] - Current liabilities decreased to CNY 307,041,602.72 from CNY 327,076,355.21, a reduction of 6.1%[22] - The total owner's equity decreased to CNY 224,456,814.85 from CNY 228,358,655.94, a decline of 1.7%[22] Investments and Expenditures - The company's investment income for the period was -¥16,950.00[12] - The cash flow from investing activities was -¥162,230.00, mainly due to the acquisition of long-term assets[14] - The company reported an increase in development expenditures to CNY 1,403,991.69 from CNY 729,467.08, indicating a focus on new product development[22] - Long-term equity investments slightly decreased to CNY 59,917,415.62 from CNY 60,086,942.56, a decline of 0.3%[22] Government Support and Tax - The company received government subsidies amounting to ¥2,216,355.82, primarily from its subsidiary Harbin Zhuding Gongda New Materials Technology Co., Ltd.[7] - The company received 170,612.32 yuan in tax refunds, up from 12,075.27 yuan, indicating a significant increase in tax-related cash inflows[26] Financial Expenses - The company's financial expenses for Q1 2023 were CNY 1,292,801.46, down from CNY 1,490,998.99 in the previous year[23] - The cash outflow for employee compensation was 4,413,716.48 yuan, slightly decreased from 4,710,622.96 yuan in the previous period[27] Consistency in Performance - The company did not report any net profit from merged entities during the current and previous periods, maintaining a consistent performance in this area[24]