Financial Performance - The company's revenue for Q1 2023 was ¥160,315,364.24, a decrease of 3.21% compared to ¥165,629,487.04 in the same period last year[5] - Net profit attributable to shareholders decreased by 43.94% to ¥16,857,684.91 from ¥30,072,645.43 year-on-year[5] - Basic and diluted earnings per share dropped by 57.50% to ¥0.17 from ¥0.4 in the same period last year[5] - Total operating revenue for Q1 2023 was CNY 160,315,364.24, a decrease of 3.99% from CNY 165,629,487.04 in the same period last year[20] - Net profit for Q1 2023 was CNY 15,901,956.60, down 46.49% compared to CNY 29,739,477.58 in Q1 2022[21] - The company reported a decrease in comprehensive income to CNY 15,901,956.60 from CNY 29,739,477.58 in the same quarter last year[21] Cash Flow - The net cash flow from operating activities was negative at ¥-32,418,884.40, a decline of 97.52% compared to ¥-16,412,754.57 in the previous year[5] - Cash flow from operating activities showed a net outflow of CNY 32,418,884.40, worsening from a net outflow of CNY 16,412,754.57 in the same quarter last year[22] - The net cash flow from investment activities was -87,773,453.19, compared to -32,041,560.37 in the previous period, indicating a significant increase in cash outflow for investments[23] - The net cash flow from financing activities was 15,107,121.80, a turnaround from -270,859.73 in the previous period, showing improved cash inflow from financing[23] - The company reported a cash outflow of 1,040,513.87 related to financing activities, compared to 270,859.73 in the previous period, indicating increased cash distribution[23] - The cash flow from operating activities was not detailed, but the overall cash and cash equivalents decreased by 105,093,713.92 during the quarter[23] Assets and Liabilities - Total assets decreased by 4.30% to ¥1,236,181,842.27 from ¥1,291,750,487.46 at the end of the previous year[5] - The company's cash and cash equivalents decreased from 536,455,375.48 CNY at the beginning of the year to 424,961,661.56 CNY at the end of the reporting period, a decline of approximately 20.8%[16] - Accounts receivable increased from 92,095,246.66 CNY to 109,219,003.74 CNY, representing an increase of about 18.5%[16] - Inventory decreased from 165,392,589.98 CNY to 145,977,938.30 CNY, a reduction of approximately 11.7%[16] - Total liabilities decreased from 367,767,378.71 CNY to 296,296,776.92 CNY, a reduction of approximately 19.4%[17] - The company reported a total equity of 939,885,065.35 CNY at the end of the reporting period[17] Expenses - Total operating costs increased to CNY 139,542,444.88, up 7.56% from CNY 130,407,667.20 year-over-year[20] - Research and development expenses increased by 76.90%, primarily due to increased investment in product development by subsidiaries[10] - Research and development expenses rose to CNY 7,993,496.01, an increase of 76.80% compared to CNY 4,518,588.01 in Q1 2022[20] - Management expenses rose by 103.37%, mainly due to increased expenses related to the establishment of subsidiaries[10] - Management expenses surged to CNY 9,576,038.85, a significant increase from CNY 4,708,607.68 in the previous year[20] - Sales expenses increased to CNY 16,460,843.94, up 14.66% from CNY 14,356,721.45 year-over-year[20] Shareholder Information - The total number of common shareholders at the end of the reporting period is 14,212[13] - The top shareholder, Zheng Jingmin, holds 42.37% of the shares, totaling 42,374,000 shares[13] Other Information - The company received government subsidies amounting to ¥194,716.72, which are closely related to its normal business operations[6] - The long-term borrowings increased from 92,694,133.59 CNY to 108,858,843.60 CNY, an increase of about 17.4%[17] - The company has ongoing research and development efforts, although specific new products or technologies were not detailed in the provided content[15] - The first quarter report was not audited, which may affect the reliability of the financial data presented[24]
农心科技(001231) - 2023 Q1 - 季度财报