CDT(SZ:300344)2023-04-25 16:00Revenue and Profitability - Revenue for Q1 2023 reached ¥103,378,213.58, a 66.55% increase compared to ¥62,070,519.23 in the same period last year[5] - Net profit attributable to shareholders was -¥13,064,471.97, an improvement of 46.59% from -¥24,461,859.99 year-on-year[5] - Total operating revenue for Q1 2023 was CNY 103,378,213.58, a significant increase of 66.6% compared to CNY 62,070,519.23 in the same period last year[20] - Net loss for Q1 2023 was CNY 13,097,346.05, an improvement from a net loss of CNY 24,734,372.18 in Q1 2022, reflecting a reduction of 47.1%[21] - The company reported a comprehensive loss of CNY 14,500,454.51 for Q1 2023, compared to a comprehensive loss of CNY 25,150,258.81 in the previous year, indicating a 42.5% improvement[22] Cash Flow and Liquidity - Operating cash flow improved to -¥5,734,078.53, a 56.72% increase from -¥13,249,883.89 in the previous year[5] - Cash flow from operating activities showed a net outflow of CNY 5,734,078.53, an improvement from a net outflow of CNY 13,249,883.89 in the same quarter last year[23] - The net cash flow from investing activities was -10,654.00, indicating a cash outflow of 3,662,553.11[25] - The cash inflow from financing activities totaled 5,000,000.00, with cash outflows amounting to 10,839,352.64, resulting in a net cash flow of -5,839,352.64[25] - The net increase in cash and cash equivalents was -11,584,085.17, leading to an ending balance of 20,478,632.93[25] - The company reported a beginning cash balance of 32,062,718.10, which decreased significantly during the quarter[25] Assets and Liabilities - Total assets decreased by 8.15% to ¥662,626,411.14 from ¥721,383,305.40 at the end of the previous year[5] - The company's cash and cash equivalents decreased to CNY 23,393,045.49 from CNY 39,998,503.10, representing a decline of about 41.7%[16] - Accounts receivable decreased to CNY 259,198,606.04 from CNY 300,308,916.44, indicating a reduction of approximately 13.7%[16] - Total current liabilities decreased to CNY 166,156,837.35 from CNY 209,753,827.04, a decrease of about 20.8%[17] - The company’s total liabilities decreased to CNY 173,591,733.97 from CNY 217,848,173.72, a reduction of 20.3%[21] - The total equity attributable to shareholders of the parent company was CNY 488,560,335.07, down from CNY 503,027,915.50, reflecting a decrease of 2.9%[21] Expenses and Investments - Research and development expenses surged by 175.01% to ¥2,534,912.73, reflecting increased investment in innovation[9] - Sales expenses decreased by 49.50% to ¥5,001,999.00, primarily due to reduced marketing costs[9] - Total operating costs rose to CNY 118,749,588.70, up 31.8% from CNY 90,161,727.17 year-over-year, with operating costs specifically increasing by 66.3%[20] - The company reported a tax expense of CNY 1,508,763.17, compared to CNY 631,045.12 in the previous year, indicating an increase of 138.9%[21] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 23,204[11] - The company issued 148,834,450 shares at a price of CNY 3.82 per share, raising a total of CNY 568,547,599.00 in funds[14] - The net amount raised from the issuance of shares was CNY 561,822,283.48 after deducting expenses[14] Future Outlook - The company plans to continue its market expansion and product development strategies in the upcoming quarters[14] Other Financial Metrics - The weighted average return on equity improved to -2.64%, up from -3.91% in the previous year[5] - Other comprehensive income decreased by 33.71% to ¥2,759,275.20, attributed to exchange rate fluctuations[9] - The total non-current assets as of March 31, 2023, were CNY 179,034,248.70, down from CNY 183,351,139.78, a decrease of approximately 2.0%[17] - The company’s goodwill remained stable at CNY 83,440,096.32, unchanged from the beginning of the year[17] - Basic and diluted earnings per share for Q1 2023 were both CNY -0.0204, an improvement from CNY -0.0381 in Q1 2022[22] - The report for the first quarter was not audited, indicating that the figures may be subject to change[26]