CRUN(SZ:002272)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥355,172,382.24, a decrease of 5.85% compared to ¥377,225,703.14 in the same period last year[4] - The net profit attributable to shareholders was a loss of ¥7,212,237.10, representing a decline of 174.25% from a profit of ¥9,713,419.82 in the previous year[4] - The net cash flow from operating activities was -¥63,242,795.38, a decrease of 163.99% compared to -¥23,956,915.93 in the same period last year[4] - The weighted average return on net assets was -0.50%, down from 0.66% in the same period last year, reflecting a decline in profitability[4] - The net profit for Q1 2023 was -7,770,495.97 CNY, a significant decrease compared to the net profit of 9,803,358.85 CNY in the same period last year, representing a decline of approximately 179%[22] - The company reported a total comprehensive income of -7,769,695.97 CNY for the quarter, compared to 9,802,425.05 CNY in the previous year, indicating a decline of approximately 179%[22] - Basic earnings per share for Q1 2023 were -0.0167 CNY, compared to 0.0226 CNY in the same period last year[22] Revenue and Costs - Total operating revenue for Q1 2023 was CNY 355,172,382.24, a decrease of 5.6% compared to CNY 377,225,703.14 in the same period last year[20] - Total operating costs for Q1 2023 were CNY 369,953,398.60, down from CNY 378,450,669.53 year-on-year, reflecting a cost reduction strategy[20] - Operating revenue from sales of goods and services amounted to 314,089,414.31 CNY, an increase of 37% from 229,364,262.74 CNY in the previous year[23] - The company incurred a total operating expense of 390,479,048.38 CNY, which is an increase from 267,039,473.91 CNY in the previous year, representing a rise of approximately 46%[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,353,113,457.22, an increase of 2.30% from ¥3,277,689,640.47 at the end of the previous year[4] - Cash and cash equivalents at the end of Q1 2023 amounted to CNY 299,233,963.64, an increase of 70.4% from CNY 175,558,835.94 at the beginning of the year[17] - Accounts receivable decreased to CNY 992,656,625.34 from CNY 1,035,435,447.33, indicating improved collection efforts[17] - Inventory increased to CNY 547,738,988.99, up from CNY 511,695,301.48, suggesting potential stockpiling or slower sales[17] - Total liabilities increased to CNY 1,874,617,938.52 from CNY 1,793,246,912.54, indicating a rise in financial obligations[18] - Short-term borrowings rose to CNY 565,000,000.00, an increase of 23.5% from CNY 457,947,867.47 at the beginning of the year[18] - The company raised 294,000,000.00 CNY through borrowings, an increase from 217,015,500.00 CNY in the same period last year, reflecting a growth of about 35%[24] Research and Development - Research and development expenses increased by 122.30%, indicating a significant rise in investment in R&D activities[11] - Research and development expenses increased significantly to CNY 13,450,179.40, up 122.5% from CNY 6,050,424.79 in the previous year[20] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 55,482, with the largest shareholder holding 17.50% of the shares[14] - The company plans to reduce shareholding by the controlling shareholder, with 691,416 shares already sold, representing 0.16% of total shares[15] Cash Flow and Investments - The company reported a cash inflow from investment activities of 2,667,694.36 CNY, compared to 906,156.82 CNY in the previous year, indicating an increase of approximately 194%[24] - Cash and cash equivalents at the end of the period totaled 162,701,950.11 CNY, down from 284,131,366.15 CNY at the end of the previous year[24] Financing Activities - Long-term borrowings increased by 34.73%, indicating a rise in financing activities during the reporting period[11] - The company experienced a 100% decrease in trading financial assets, attributed to the completion of forward foreign exchange settlements[11] Mergers and Acquisitions - The company did not conduct any mergers or acquisitions during the reporting period[25]