XYGF(SZ:300159)2023-04-25 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥61,464,539.33, a decrease of 56.70% compared to ¥141,956,824.95 in the same period last year[3] - The net loss attributable to shareholders was ¥59,765,259.94, representing an increase in loss of 86.13% from ¥32,108,690.96 year-on-year[3] - The basic earnings per share were -¥0.0401, a decline of 86.51% from -¥0.0215 in the same period last year[3] - Operating profit for the current period is -¥57,334,845.78, compared to -¥33,184,418.87 in the previous period, indicating a worsening of 72.6%[20] - Net profit for the current period is -¥63,503,065.99, a decline of 87.5% from -¥33,854,369.96 in the previous period[21] Cash Flow and Liquidity - The net cash flow from operating activities improved significantly to ¥25,675,229.03, a 243.10% increase from -¥17,942,240.16 in the previous year[3] - Cash flow from operating activities generated a net inflow of ¥25,675,229.03, contrasting with a net outflow of -¥17,942,240.16 in the previous period[24] - Cash and cash equivalents stood at CNY 436,234,375.88, up from CNY 413,252,742.08, representing an increase of approximately 5.6%[15] - Cash and cash equivalents at the end of the period totaled ¥364,835,065.64, up from ¥117,158,626.74 in the previous period[24] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,385,850,137.93, reflecting a 2.63% increase from ¥3,299,014,159.15 at the end of the previous year[4] - Total liabilities reached CNY 3,287,570,015.92, compared to CNY 3,137,273,060.74 at the beginning of the year, marking an increase of approximately 4.8%[17] - The company's current assets totaled CNY 1,838,231,225.12, up from CNY 1,721,605,427.30 at the start of the year, reflecting a growth of approximately 6.8%[16] - Inventory increased significantly to CNY 327,478,043.70 from CNY 161,324,568.21, indicating a rise of about 102.5%[16] Shareholder Equity - The company's equity attributable to shareholders decreased by 38.47% to ¥95,510,829.67 from ¥155,234,000.02 at the end of the previous year[4] - The company's equity attributable to shareholders decreased to CNY 95,510,829.67 from CNY 155,234,000.02, a decline of about 38.5%[17] Research and Development - Research and development expenses increased by 31.42% to ¥9,975,292.01, driven by upgrades to new models[8] - Research and development expenses increased to ¥9,975,292.01 from ¥7,590,148.39, reflecting a growth of 31.4%[19] Contract Liabilities - The company reported a significant increase in contract liabilities, which rose by 927.06% to ¥243,999,144.05, primarily due to increased sales deposits and advance payments in the agricultural machinery sector[8] - The company reported a significant increase in contract liabilities to CNY 243,999,144.05 from CNY 23,757,114.16, reflecting a growth of approximately 925.5%[16] Government Support - The company received government subsidies amounting to ¥6,426,866.13, an increase of 85.39% compared to ¥3,466,609.93 in the previous year[9] Regulatory Issues - The company received administrative penalties and market entry bans from the China Securities Regulatory Commission on January 17, 2023[14] - A shareholder's portion of shares was auctioned and transferred in March 2023, indicating potential changes in ownership structure[14] Operating Costs - Total operating costs decreased to ¥127,492,556.14 from ¥168,992,984.43, representing a reduction of 24.5%[19] Financial Expenses - Financial expenses decreased to ¥24,441,043.48 from ¥31,950,162.26, a reduction of 23.3%[20] Return on Assets - The weighted average return on net assets was -48.56%, a decrease of 227.36% from -15.06% in the previous year[4]