BSGCO(SZ:000959)2023-04-20 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥28.71 billion, a decrease of 9.88% compared to ¥31.84 billion in the same period last year[4]. - The net profit attributable to shareholders was a loss of ¥58.48 million, down 105.48% from a profit of ¥1.05 billion in Q1 2022[4]. - The net cash flow from operating activities was negative at ¥1.75 billion, a decline of 697.55% compared to a positive cash flow of ¥193.29 million in the previous year[4]. - Basic earnings per share were -¥0.0075, a decrease of 104.70% from ¥0.1576 in the same quarter last year[4]. - The total operating revenue for Q1 2023 was CNY 28.71 billion, a decrease of 10.5% compared to CNY 31.86 billion in Q1 2022[12]. - The net profit for Q1 2023 was a loss of CNY 50.14 million, compared to a profit of CNY 1.24 billion in the same period last year[12]. - The total comprehensive income for Q1 2023 was CNY 13.82 million, a significant drop from CNY 1.21 billion in Q1 2022[13]. Assets and Liabilities - Total assets at the end of the reporting period were ¥142.44 billion, a decrease of 0.51% from ¥143.17 billion at the end of the previous year[4]. - Current assets increased to CNY 35.31 billion, up from CNY 34.74 billion, representing a growth of approximately 1.62%[10]. - The company's cash and cash equivalents decreased to CNY 6.05 billion from CNY 9.47 billion, a decline of 36.66%[10]. - Accounts receivable rose to CNY 1.91 billion, an increase of 31.93% compared to CNY 1.45 billion at the beginning of the year[10]. - Inventory increased to CNY 12.26 billion, up from CNY 11.96 billion, indicating a growth of 2.66%[10]. - Total liabilities decreased to CNY 90.33 billion from CNY 93.10 billion, a reduction of 2.96%[11]. - Non-current assets totaled CNY 107.13 billion, down from CNY 108.44 billion, reflecting a decrease of 1.21%[11]. Cash Flow - The cash inflow from operating activities was CNY 13.07 billion, an increase from CNY 11.91 billion in the previous year[13]. - The net cash flow from operating activities was -1,747,495,508.81 CNY, a significant decline compared to 292,441,104.97 CNY in the previous year[14]. - Total cash outflow from investing activities amounted to 888,129,158.29 CNY, compared to 311,542,801.73 CNY in the same period last year[14]. - The net cash flow from financing activities was -295,512,946.16 CNY, an improvement from -1,971,813,501.85 CNY in the previous year[14]. - The company reported a total cash outflow from operating activities of 14,820,676,368.26 CNY, compared to 11,615,641,394.96 CNY in the previous year[14]. Research and Development - The company's R&D expenses decreased year-on-year due to reduced compensation, reflecting a decline in operational performance[6]. - The R&D expenses for Q1 2023 were CNY 79.07 million, significantly reduced from CNY 165.05 million in Q1 2022, indicating a 52.1% decrease[12]. Other Income and Investments - The company reported an increase in government subsidies, contributing to other income growth during the quarter[6]. - The company experienced a significant decline in investment income due to decreased performance from joint ventures and associates[6]. - The company completed a capital increase of CNY 2 billion in December 2022, acquiring a 68.03% stake in Zhixin Electromagnetic[11]. - The company reported a significant increase in long-term equity investments, which stood at CNY 2.61 billion, down from CNY 2.72 billion, indicating a decrease of 4.06%[10]. Shareholder Information - The minority shareholders' profit for Q1 2023 was CNY 8.33 million, compared to CNY 168.62 million in the same period last year[13]. - The company received 1,009,212,271.64 CNY from minority shareholders during the quarter[14]. Audit Information - The company did not conduct an audit for the first quarter report[15].