B-SOFT(300451)2023-04-27 16:00Financial Performance - The company's operating revenue for the first quarter was RMB 348,436,396.10, a decrease of 24.74% compared to the previous year[9]. - Net profit attributable to shareholders was RMB 10,383,267.51, down 88.74% year-on-year[9]. - The company's net profit for Q1 2023 was CNY 10,089,131.60, a significant decrease of 89.00% compared to CNY 91,810,723.47 in the same period last year[40]. - The total revenue for the first quarter was CNY 348,436,396.10, a decrease of 24.7% compared to CNY 462,990,891.86 in the previous period[49]. - The total operating costs for the first quarter were CNY 324,567,187.37, down from CNY 343,652,104.79 in the previous period[49]. - The total comprehensive income attributable to the parent company was CNY 10,383,267.51, compared to CNY 92,246,842.09 in the previous period, indicating a significant decrease[51]. - Basic and diluted earnings per share both stood at CNY 0.01, down from CNY 0.06 in the prior period[51]. Cash Flow and Assets - The net cash flow from operating activities was RMB -186,610,096.05, showing an improvement of 10.89% compared to the previous year[9]. - Cash inflows from operating activities totaled CNY 259,880,225.83, an increase from CNY 246,729,050.01 in the previous period[51]. - Cash outflows from operating activities were CNY 446,490,321.88, slightly decreased from CNY 456,132,775.25 in the prior period[51]. - The ending balance of cash and cash equivalents was CNY 1,083,209,704.77, down from CNY 1,478,027,707.71 at the beginning of the year[54]. - The company's cash flow from the disposal of fixed assets, intangible assets, and other long-term assets increased by 612.79% year-on-year[30]. - Cash received from investment activities decreased by 43.69% year-on-year, attributed to fewer proceeds from the disposal of equity in joint ventures[30]. - The company's accounts receivable financing decreased by 69.97% compared to the beginning of the year, mainly due to the maturity of bank acceptance bills[29]. - Accounts receivable increased to CNY 1,502,466,642.37 from CNY 1,390,763,883.83 at the beginning of the year[54]. - Other receivables rose to CNY 46,632,360.69 from CNY 43,901,512.53 at the beginning of the year[54]. Investments and Expenditures - Investment income increased by 113.33% year-on-year, primarily due to losses from the disposal of equity in joint ventures in the previous year[30]. - Financial expenses decreased by CNY 3,944,500.00, mainly due to reduced borrowing fees and interest expenses[30]. - Research and development expenses increased to CNY 60,757,083.52, compared to CNY 48,849,670.94 in the previous period, reflecting a growth of 24.3%[49]. - The company achieved a 156.11% increase in development expenditures compared to the beginning of the year, primarily due to increased capitalization of R&D projects[12]. - The company is committed to maintaining its R&D investment to drive future growth and innovation[49]. Strategic Developments - The company secured 7 large orders in the healthcare information technology sector, exceeding the same period last year[5]. - The company has formed a strategic partnership with Zhejiang University Computer Innovation Technology Research Institute to enhance AI model development in healthcare[5]. - The company showcased its five major product segments at the 2023 CHITEC, receiving recognition for its "Next-Generation Grassroots Health Cloud" project[5]. - The company received multiple honors, including "Zhejiang Province Technology Small Giant Enterprise" and "Zhejiang Province Invisible Champion Enterprise" during the reporting period[5]. Liabilities and Equity - The company's total liabilities amounted to CNY 925,528,000.94, a decrease from CNY 1,181,763,740.80 in the previous period[49]. - The total equity attributable to shareholders of the parent company was CNY 4,618,302,252.69, up from CNY 4,593,661,374.82 in the previous period[49]. - The number of common shareholders at the end of the reporting period was 29,208, with the largest shareholder holding 14.23%[44]. - The company has a total of 220,519,182 shares held by its largest shareholder, Ge Hang, with 165,389,386 shares under lock-up[45]. Taxation and Impairments - The company's income tax expense decreased by 93.29% year-on-year, primarily due to a reduction in total profit[30]. - The company reported a tax and additional charges of CNY 1,877,061.06, significantly lower than CNY 4,844,066.20 in the previous period[49]. - The company's credit impairment losses increased by 35.72% year-on-year, mainly due to an increase in bad debt provisions[30]. - The company reported a decrease in other investment-related cash receipts by 87.98% year-on-year, mainly due to a reduction in purchased financial products[30].