CGNNT(SZ:000881)2023-04-26 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥1,226,257,155.66, a decrease of 37.58% compared to ¥1,964,657,949.31 in the same period last year[5] - The net profit attributable to shareholders was a loss of ¥25,735,870.78, representing a decline of 167.55% from a profit of ¥38,099,280.83 in the previous year[5] - The company reported a significant decrease in sales revenue from trade business, contributing to the overall decline in operating revenue[11] - Total operating revenue for Q1 2023 was CNY 1,226,257,155.66, a decrease of 37.6% compared to CNY 1,964,657,949.31 in the same period last year[22] - Net profit for Q1 2023 was a loss of CNY 22,072,604.24, compared to a profit of CNY 66,936,584.05 in Q1 2022, representing a significant decline[23] - The total comprehensive income for Q1 2023 was a loss of CNY 29,206,761.51, compared to a gain of CNY 62,832,936.35 in Q1 2022[23] Cash Flow - The net cash flow from operating activities improved to ¥10,676,777.73, a 117.44% increase from a negative cash flow of ¥61,231,440.33 in the same period last year[5] - Cash received from operating activities increased by 60.67% to ¥370,079,088.33, indicating improved cash inflow from trade business[12] - The cash inflow from operating activities was CNY 1,625,927,347.96, a decrease of 27.2% compared to CNY 2,232,869,505.59 in the previous period[24] - The cash outflow for investing activities totaled CNY 387,408,075.99, down from CNY 467,668,152.33 in the previous period[25] - The cash inflow from financing activities was CNY 441,303,232.73, a decrease of 41.5% from CNY 754,072,607.59 in the previous period[25] - The company received CNY 17,405,913.81 in tax refunds, an increase from CNY 10,755,846.98 in the previous period[24] Assets and Liabilities - The total assets at the end of the reporting period were ¥11,520,697,514.16, down 3.77% from ¥11,972,423,061.82 at the end of the previous year[5] - Total liabilities decreased to CNY 4,801,257,606.33 from CNY 5,230,703,000.11, a decline of 8.2%[22] - As of March 31, 2023, the total current assets amounted to CNY 6,726,017,707.56, a decrease of 6.54% from CNY 7,197,108,305.49 at the beginning of the year[19] - The cash and cash equivalents decreased to CNY 1,427,055,059.79 from CNY 1,604,278,600.79, reflecting a decline of 11.06%[19] - The company's non-current assets totaled CNY 2,433,880,052.16, a decrease from CNY 2,453,296,316.40 at the beginning of the year[19] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 38,927, with the largest shareholder holding 27.28% of the shares[14] - The company completed the initial grant of stock options under the 2022 equity incentive plan, totaling 25.96 million options at an exercise price of CNY 7.33 per option[16] Strategic Initiatives - The company is in the process of acquiring 100% equity of Beigu Technology through a combination of share issuance and cash payment, with ongoing audits and asset evaluations[17] - The company is actively pursuing market expansion and strategic acquisitions to enhance its competitive position in the industry[17] Research and Development - Research and development expenses for Q1 2023 were CNY 37,975,849.50, down 20.5% from CNY 47,778,528.01 in the previous year[22] Governance - The company has completed the election of the 10th Board of Directors and Supervisory Board, along with the appointment of senior management personnel during the reporting period[18] Other Financial Metrics - The weighted average return on equity decreased to -0.41%, down 1.03 percentage points from 0.62% in the previous year[5] - The company reported a basic and diluted earnings per share of -0.0272 for Q1 2023, compared to 0.0403 in the same period last year[23] - The company's goodwill remained stable at CNY 421,600,099.03, unchanged from the previous quarter[22]