凤形股份(002760) - 2023 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2023 was CNY 165,423,948.43, a decrease of 14.95% compared to CNY 194,491,776.11 in the same period last year[5] - Net profit attributable to shareholders was CNY 13,545,509.91, down 27.53% from CNY 18,691,057.41 year-on-year[5] - Total operating revenue for Q1 2023 was ¥165,423,948.43, a decrease of 15.00% compared to ¥194,491,776.11 in Q1 2022[23] - Net profit for Q1 2023 was ¥13,545,509.91, representing a decline of 27.36% from ¥18,691,057.41 in Q1 2022[25] - Basic and diluted earnings per share for Q1 2023 were both ¥0.13, down from ¥0.17 in the same period last year[25] Cash Flow and Operating Activities - The net cash flow from operating activities was CNY -52,322,630.62, representing a decline of 419.57% compared to CNY -10,070,450.14 in the previous year[5] - Cash flow from operating activities showed a net outflow of ¥52,322,630.62, compared to a smaller outflow of ¥10,070,450.14 in Q1 2022[26] - Cash and cash equivalents decreased from CNY 561,112,121.17 to CNY 480,976,837.94, a reduction of about 14.25%[20] - Cash and cash equivalents at the end of Q1 2023 totaled ¥467,619,769.41, a decrease from ¥542,520,470.74 at the beginning of the period[27] Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,685,786,555.08, a decrease of 5.01% from CNY 1,774,630,442.01 at the end of the previous year[5] - Total liabilities decreased from CNY 787,144,791.78 to CNY 684,755,394.94, a decline of about 13.06%[21] - The company's total assets decreased from CNY 1,774,630,442.01 to CNY 1,685,786,555.08, reflecting a decrease of approximately 5.00%[21] - The total current assets decreased from CNY 1,089,857,635.52 at the beginning of the year to CNY 1,002,604,843.92 by the end of the quarter, representing a decline of approximately 8.00%[20] Expenses and Investments - The company reported a significant increase in financial expenses, which rose by 130.90% to CNY 1,857,822.33 due to higher interest expenses[12] - Total operating costs decreased to ¥159,141,859.65, down 13.04% from ¥183,003,780.14 in the previous year[23] - The company incurred financial expenses of ¥1,857,822.33, which is an increase from ¥804,583.14 in the previous year[23] - The company reported a 348.39% increase in development expenditures to CNY 2,654,061.00, reflecting increased investment in ongoing projects[9] - Research and development expenses for Q1 2023 were ¥6,923,483.72, slightly down from ¥7,197,128.41 in Q1 2022[23] Other Financial Metrics - The weighted average return on equity was 1.36%, down from 2.00% in the same period last year, a decrease of 0.64%[5] - The company experienced a 167.07% increase in credit impairment losses, amounting to CNY 2,325,090.60, due to changes in accounts receivable aging[12] - The company reported an investment income of ¥238,275.76, a significant improvement from a loss of ¥608,689.25 in Q1 2022[23] Corporate Governance - The first quarter report of the company is unaudited[28] - The board of directors meeting was held on April 29, 2023[29] - The company has not disclosed any new product developments or market expansion strategies in the current report[19]