Feitian(SZ:300386)2023-04-24 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥148,686,515.57, a decrease of 10.76% compared to ¥166,606,986.92 in the same period last year[5]. - The net loss attributable to shareholders for Q1 2023 was ¥35,835,028.40, representing a significant increase of 455.09% from a loss of ¥6,455,764.90 in the previous year[5]. - The basic and diluted earnings per share for Q1 2023 were both -¥0.09, a decline of 350.00% from -¥0.02 in the same period last year[5]. - The total comprehensive income attributable to the parent company was -36,052,322.00 CNY, compared to -6,833,723.43 CNY in the previous period, indicating a significant decline[21]. - Net loss for Q1 2023 was CNY 35,882,284.32, compared to a net loss of CNY 6,390,822.18 in the same period last year, indicating a significant decline in profitability[20]. Cash Flow and Liquidity - The net cash flow from operating activities improved by 35.16%, amounting to -¥74,689,962.54 compared to -¥115,189,203.88 in the same period last year[5]. - Cash inflows from operating activities totaled 148,849,570.50 CNY, a decrease from 151,718,325.52 CNY year-over-year[23]. - Cash outflows from operating activities amounted to 223,539,533.04 CNY, compared to 266,907,529.40 CNY in the previous period[24]. - The cash and cash equivalents at the end of the period amounted to ¥337,189,287.10, down from ¥424,659,995.40 at the beginning of the year[15]. - The company received tax refunds of 3,828,981.75 CNY, an increase from 2,788,530.32 CNY in the previous period[23]. Assets and Liabilities - The total assets at the end of Q1 2023 were ¥1,837,012,148.49, a decrease of 2.79% from ¥1,889,811,168.34 at the end of the previous year[5]. - Current liabilities totaled CNY 131,887,747.53, down from CNY 141,153,898.82, indicating improved short-term financial health[17]. - The company's total assets decreased to CNY 1,837,012,148.49 from CNY 1,889,811,168.34, showing a reduction in overall asset base[17]. - The total equity attributable to shareholders decreased to CNY 1,674,273,963.52 from CNY 1,710,326,285.52, indicating a decline in shareholder value[17]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 36,840[11]. - The top 10 shareholders hold a total of 126,700,046 shares, representing 30.31% of the total shares[11]. - The total number of shares held by the top shareholder, Huang Yu, is 95,025,034, which is locked under executive lock-up[13]. - The total number of shares held by the second-largest shareholder, Li Wei, is 37,563,796, which is also under lock-up[11]. - The total number of restricted shares at the beginning of the period was 175,838,150, with 2,249,775 shares released during the period[13]. Operational Costs and Expenses - Total operating costs increased to CNY 188,728,268.66, up from CNY 178,863,717.27, reflecting a rise in operational expenses[19]. - Research and development expenses for Q1 2023 were CNY 16,236,524.23, a decrease from CNY 19,457,951.37 in Q1 2022, suggesting a potential slowdown in innovation efforts[20]. - The company reported a financial expense of CNY -3,625,560.07, an improvement from CNY -7,276,462.72, suggesting better cost control in financing[20]. Tax and Other Financial Metrics - The company experienced a 60.90% decrease in taxes payable, which amounted to ¥2,553,061.95, mainly due to a reduction in income tax and individual income tax[9]. - Deferred tax assets increased to CNY 8,366,778.00 from CNY 6,644,472.48, indicating potential future tax benefits[17]. - The cash received from tax refunds increased by 37.31%, totaling ¥3,828,981.75 compared to ¥2,788,530.32 in the same period last year[9]. Investment Income - The company recorded a significant decline of 1828.09% in investment income, reporting a loss of ¥2,888,437.90, primarily due to substantial losses from an associate company[9]. - Cash inflows from investment activities were 423,979,880.57 CNY, significantly higher than 1,850.00 CNY in the previous period[24]. - The net cash flow from investment activities was -6,623,460.42 CNY, compared to -347,612.00 CNY in the previous period[24]. Audit Information - The company did not conduct an audit for the first quarter report[25].