GUOFENG(SZ:000859)2023-04-25 16:00Financial Performance - The company's revenue for Q1 2023 was ¥522,095,425.20, a decrease of 6.17% compared to ¥556,425,801.53 in the same period last year[5] - Net profit attributable to shareholders was ¥9,643,497.53, down 90.32% from ¥99,608,537.38 year-on-year[5] - Basic and diluted earnings per share were both ¥0.01, a decrease of 90.91% from ¥0.11 in the same period last year[5] - The company experienced a 90.32% decline in net profit attributable to the parent company, mainly due to a significant decrease in sales profit[8] - Total operating revenue for Q1 2023 was CNY 522,095,425.20, a decrease of 6.2% compared to CNY 556,425,801.53 in the same period last year[19] - Net profit for Q1 2023 was CNY 9,643,497.53, a significant decline of 90.3% from CNY 99,608,537.38 in Q1 2022[20] - The basic earnings per share for Q1 2023 was CNY 0.01, down from CNY 0.11 in the same period last year[20] Cash Flow and Liquidity - The net cash flow from operating activities was -¥65,338,393.81, representing a decline of 233.27% compared to -¥19,605,421.09 in the previous year[5] - The company's cash and cash equivalents decreased from ¥753,162,271.83 at the beginning of the year to ¥508,003,983.82 at the end of the reporting period, a decline of approximately 32.5%[13] - The cash inflow from operating activities totaled approximately $459.91 million, a decrease from $493.86 million in the previous period, representing a decline of about 6.87%[22] - The net cash outflow from operating activities was approximately -$65.34 million, worsening from -$19.61 million in the previous period[23] - The total cash and cash equivalents at the end of the period were approximately $487.99 million, down from $677.50 million in the previous period, a decrease of about 28.00%[24] - The company reported a net decrease in cash and cash equivalents of approximately -$244.98 million, compared to -$155.86 million in the previous period[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,627,248,372.36, down 1.44% from ¥3,680,245,075.48 at the end of the previous year[5] - Total liabilities decreased to CNY 709,934,180.70 from CNY 772,574,381.35, reflecting a reduction of 8.1%[17] - The total current assets decreased from ¥1,543,967,466.54 to ¥1,373,789,499.36, a reduction of approximately 11.0%[13] - The total non-current assets increased to CNY 2,253,458,873.00 from CNY 2,136,277,608.94, marking an increase of 5.5%[17] Investments and Expenses - Research and development expenses increased by 75.48%, indicating a significant rise in investment in R&D[8] - Research and development expenses rose to CNY 21,292,495.47, an increase of 75.5% compared to CNY 12,134,015.07 in the previous year[19] - The company plans to invest ¥216 million in a new modular production intelligent manufacturing project for electric vehicles[12] - Total operating costs increased to CNY 530,495,292.71, up 4.4% from CNY 506,395,179.61 year-on-year[19] Shareholder Information - The total number of common shareholders at the end of the reporting period is 44,283[11] - The largest shareholder, Hefei Industrial Investment Holding (Group) Co., Ltd., holds 29.11% of shares, totaling 260,841,634 shares[11] - The total number of preferred shareholders is not applicable for this reporting period[12] - The company has no related party transactions among the top shareholders[11] Other Information - The company received government subsidies amounting to ¥13,130,412.77, contributing positively to its financial performance[6] - The company has appointed a new independent director, Mr. Yin Zongcheng, to the board[12] - The first quarter report was not audited, indicating that the financial data is subject to further verification[25]