NEWU(SZ:300472)2023-04-25 16:00Financial Performance - The company's revenue for Q1 2023 was ¥59,348,822.32, a decrease of 75.63% compared to ¥243,492,278.39 in the same period last year[5] - The net profit attributable to shareholders was -¥12,903,879.35, representing a decline of 130.83% from ¥41,852,351.79 in the previous year[5] - The net profit for the first quarter of 2023 was -15,425,947.47 yuan, compared to a net profit of 39,994,423.91 yuan in the same period last year, representing a significant decline[19] - Operating profit for the first quarter was -15,567,478.08 yuan, down from 40,602,334.09 yuan year-over-year[19] - Total revenue from sales of goods and services was 41,852,669.65 yuan, a decrease from 43,750,903.08 yuan in the previous year[22] - The total comprehensive income for the first quarter was -15,425,947.47 yuan, compared to 39,994,423.91 yuan in the same period last year[20] Cash Flow and Liquidity - The net cash flow from operating activities was -¥49,851,141.76, a decrease of 257.93% compared to -¥13,927,437.41 in the same period last year[5] - Cash and cash equivalents at the end of Q1 2023 were CNY 14,908,369.08, down 72.9% from CNY 55,140,475.07 at the beginning of the year[14] - The net cash flow from operating activities was -49,851,141.76 yuan, compared to -13,927,437.41 yuan in the same period last year, indicating worsening cash flow issues[23] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥1,708,304,978.69, down 2.18% from ¥1,746,403,473.93 at the end of the previous year[5] - Total assets decreased to CNY 1,708,304,978.69 from CNY 1,746,403,473.93, a decline of 2.2%[16] - Total liabilities decreased to CNY 927,698,655.82 from CNY 950,371,203.59, a reduction of 2.4%[16] Equity and Borrowings - The company’s total equity decreased to CNY 780,606,322.87 from CNY 796,032,270.34, a decline of 1.9%[16] - Short-term borrowings increased to CNY 129,876,262.46 from CNY 108,080,551.36, an increase of 19.9%[16] Expenses and Investments - Research and development expenses decreased by 34.46% to ¥9,660,354.11 from ¥14,740,190.44 in the previous year[8] - The company incurred financial expenses of 3,125,068.67 yuan, an increase from 2,249,531.74 yuan in the previous year[19] - The company experienced a significant increase in tax expenses, with a total of 585,879.14 yuan compared to 2,397,871.27 yuan in the previous year[19] - The company reported a significant increase of 508.42% in tax refunds received, amounting to ¥6,769,673.85 compared to ¥1,112,656.89 in the previous year[8] Inventory and Receivables - Accounts receivable decreased to CNY 588,545,003.29 from CNY 613,434,259.11 at the beginning of the year, reflecting a reduction of 4.1%[15] - Inventory increased to CNY 188,419,324.47, up 17.6% from CNY 160,127,424.63 at the beginning of the year[15]