NCIC(SZ:002246)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥390,049,022.31, a decrease of 27.80% compared to ¥540,229,264.03 in the same period last year[4] - Net profit attributable to shareholders was ¥8,499,183.05, down 46.33% from ¥15,835,536.84 year-on-year[4] - The net profit for Q1 2023 was CNY 7,765,655.55, a decrease of 42.5% compared to CNY 13,593,109.48 in Q1 2022[18] - Operating profit for Q1 2023 was CNY 8,356,761.82, down from CNY 17,563,837.51 in the same period last year, representing a decline of 52.5%[18] - The company reported a total comprehensive income of CNY 7,765,655.55 for Q1 2023, compared to CNY 13,593,109.48 in the same period last year[18] Cash Flow - The net cash flow from operating activities was -¥184,903,799.33, representing a decline of 25.15% compared to -¥147,750,792.28 in the previous year[4] - Cash flow from operating activities showed a net outflow of CNY 184,903,799.33, worsening from a net outflow of CNY 147,750,792.28 in Q1 2022[19] - The company reported cash inflows from operating activities of CNY 336,353,642.48, an increase from CNY 279,394,054.71 in the previous year[19] - The company incurred a total operating cash outflow of CNY 521,257,441.81, compared to CNY 427,144,846.99 in Q1 2022[19] - The company experienced a net cash outflow from financing activities of CNY 1,327,203.11, compared to a net outflow of CNY 588,032.31 in Q1 2022[20] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,618,218,452.81, down 2.23% from ¥4,723,608,369.47 at the end of the previous year[4] - Total liabilities decreased to ¥1,574,828,074.44 from ¥1,688,670,876.39, a decline of 6.7%[15] - The company's cash and cash equivalents decreased to ¥1,313,365,677.50 from ¥1,528,336,801.73 at the beginning of the year, a decline of 14.1%[13] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 56,284[7] - The top five shareholders collectively hold 46.77% of the company's shares, with the largest shareholder owning 18.06%[8] Operational Metrics - Total operating costs for Q1 2023 were ¥387,264,373.83, down 26.2% from ¥524,803,383.37 in Q1 2022[17] - The company experienced a 30.60% increase in accounts receivable compared to the beginning of the year, attributed to increased sales[7] - Accounts receivable increased to ¥619,896,782.33, up 30.6% from ¥474,667,879.50 at the start of the year[13] - Inventory rose to ¥504,417,206.32, an increase of 17.9% compared to ¥428,004,832.38 at the beginning of the year[13] Government Support and Expenses - The company received government subsidies amounting to ¥3,654,436.86, which contributed positively to other income[5] - Research and development expenses for Q1 2023 were ¥16,343,703.02, down 13.9% from ¥18,967,338.60 in the previous year[17] Challenges and Strategies - The company is focusing on improving cash flow management and reducing operational costs in response to the declining revenue trend[17] - The company's net profit decrease of ¥583,000, representing a decline of 42.87%, primarily due to reduced operating revenue leading to lower gross profit[7] - The company's net profit for Q1 2023 was not explicitly stated, but the significant drop in revenue and costs suggests a challenging financial environment[17] Foreign Exchange Impact - The company recorded a foreign exchange loss of CNY 2,198,230.41 during the quarter, compared to a loss of CNY 104,756.13 in the previous year[20]