SVG(SZ:300331)2023-04-25 16:00Financial Performance - The company's revenue for Q1 2023 was ¥393,402,264.41, a decrease of 1.05% compared to ¥397,578,903.71 in the same period last year[5]. - Net profit attributable to shareholders was ¥1,061,061.77, a significant turnaround from a loss of ¥23,246,017.11, representing an increase of 104.56%[5]. - The net loss for Q1 2023 was CNY 4,028,940.18, an improvement from a net loss of CNY 26,679,319.09 in the same period last year[23]. - The company reported a gross profit margin of approximately 0.3% for Q1 2023, compared to a negative margin in Q1 2022[22]. - The company's diluted earnings per share improved to ¥0.0041 from -¥0.0900, marking a 104.56% increase[5]. - The company reported a basic earnings per share of CNY 0.0041 for Q1 2023, compared to a loss per share of CNY -0.0900 in Q1 2022[23]. Cash Flow and Liquidity - The net cash flow from operating activities improved by 21.14%, amounting to -¥46,682,063.45 compared to -¥59,199,867.68 in the previous year[15]. - Cash inflow from operating activities totaled $439.17 million, down 25.4% from $588.02 million in the prior period[25]. - Cash outflow from operating activities was $485.85 million, a decrease of 25.0% compared to $647.22 million last year[25]. - The net cash flow from investing activities was -$40.28 million, an improvement from -$201.31 million in the previous period[26]. - The net cash flow from financing activities was $47.93 million, a significant recovery from -$16.14 million in the previous period[26]. - The ending cash and cash equivalents balance was $729.42 million, an increase from $499.86 million year-over-year[26]. Assets and Liabilities - The total assets decreased by 8.32% to ¥3,223,858,306.07 from ¥3,516,349,210.44 at the end of the previous year[5]. - The total liabilities decreased to CNY 1,411,056,661.59 from CNY 1,430,044,417.18, reflecting a reduction of approximately 1.3%[22]. - The total assets as of the end of Q1 2023 were CNY 3,223,858,306.07, slightly down from CNY 3,243,867,068.07 at the end of Q1 2022[22]. - The company has a total of 1,904,462,271.76 yuan in current assets as of March 31, 2023[20]. - The cash and cash equivalents amount to 749,975,352.49 yuan, down from 779,825,496.53 yuan at the beginning of the year[20]. - Accounts receivable increased to 525,124,088.09 yuan from 492,024,284.43 yuan[20]. - Inventory decreased to 467,824,887.20 yuan from 507,024,978.97 yuan[20]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 16,412[16]. - The largest shareholder, Chen Linsen, holds 18.35% of the shares, totaling 47,659,390 shares[16]. - The second-largest shareholder, Yu Zhangxing, holds 8.19% of the shares, totaling 21,272,004 shares[16]. - The total number of shares held by the top 10 shareholders includes 13,487,397 shares held by Shenzhen Chuangtou Hongtu Equity Investment Management[17]. Operational Efficiency - The company experienced a 4.96% increase in overall gross margin due to improved product mix and increased capacity utilization[8]. - The company aims to maintain the upward trend in gross margin through continuous cost reduction measures and increasing the proportion of high-margin products[9]. - Total operating costs decreased to CNY 396,067,023.40 from CNY 430,848,825.49, representing a reduction of approximately 8.1%[22]. - Research and development expenses for Q1 2023 were CNY 28,996,380.12, down from CNY 30,432,811.66 in Q1 2022, indicating a decrease of about 4.7%[22]. Other Income and Expenses - Other income decreased by 33.47% to ¥5,005,280.41, mainly due to a reduction in government subsidies[13]. - The company reported a 93.01% increase in notes payable, rising to ¥73,296,211.72 from ¥37,976,088.80, primarily due to increased note payments[11]. Audit Status - The report for the first quarter was not audited[27].