MsEco(SZ:300495)2023-04-27 16:00Revenue and Profitability - The company's revenue for Q1 2023 was ¥17,306,840.08, representing a 299.60% increase compared to ¥4,331,069.91 in the same period last year[5] - The net profit attributable to shareholders was -¥88,069,096.76, a decline of 121.31% from -¥39,795,114.36 year-over-year[5] - The net loss for Q1 2023 was ¥88,694,681.30, compared to a net loss of ¥40,040,443.38 in Q1 2022, reflecting a deterioration in financial performance[19] - The total comprehensive income attributable to the parent company was -88,035,639.37 CNY, compared to -40,092,176.94 CNY in the previous period, indicating a decline of approximately 119.1%[20] - Basic and diluted earnings per share were both -0.1306 CNY, worsening from -0.0590 CNY in the previous period[20] Operating Activities - The net cash flow from operating activities improved by 28.70%, reaching -¥1,372,345.15 compared to -¥1,924,814.54 in the previous year[5] - Cash inflow from operating activities totaled 32,360,799.84 CNY, down 80.3% from 163,954,017.92 CNY in the previous period[21] - Cash outflow from operating activities was 33,733,144.99 CNY, a decrease of 79.8% compared to 165,878,832.46 CNY in the previous period[21] - The company reported a significant decrease in cash received from sales of goods and services, totaling 29,944,745.45 CNY, down 79.2% from 144,482,686.83 CNY in the previous period[21] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥4,060,974,027.88, a slight decrease of 0.91% from ¥4,098,239,282.92 at the end of the previous year[5] - Current liabilities increased to ¥2,726,944,252.43 from ¥2,690,286,440.98, marking an increase of about 1.4%[15] - The total equity attributable to shareholders decreased to ¥603,274,341.66 from ¥691,309,981.04, a decline of approximately 12.7%[16] - Cash and cash equivalents at the end of the period were ¥7,107,436.27, down from ¥7,286,107.20 at the beginning of the year, a decrease of about 2.5%[14] - Accounts receivable decreased to ¥578,608,511.37 from ¥602,546,277.49, a reduction of approximately 4%[14] Operating Costs and Expenses - Operating costs surged by 466.59% to ¥11,814,221.98, primarily due to ongoing projects from Q4 2022[10] - Total operating costs for Q1 2023 were ¥87,626,187.87, up from ¥39,825,225.35 in the previous year, indicating an increase of about 120%[17] - Financial expenses increased by 171.35% to ¥64,204,801.75, attributed to interest accrued on new borrowings from the second half of 2022[10] - The company reported a financial expense of ¥64,204,801.75 for Q1 2023, significantly higher than ¥23,661,328.07 in the previous year, indicating an increase of about 171%[17] - The company reported a significant rise in non-operating expenses, which reached ¥16,896,705.89, an increase of 87133.43% due to interest and penalties related to guarantees[10] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 26,752[12] - The weighted average return on equity was -14.60%, down from -3.24% year-over-year[5] Cash Flow from Financing Activities - Cash inflow from financing activities was 2,800,000.00 CNY, compared to 10,000,000.00 CNY in the previous period, reflecting a decrease of 72%[22] - The net cash flow from financing activities was 2,800,000.00 CNY, a significant improvement from -299,382,482.80 CNY in the previous period[22] - The ending balance of cash and cash equivalents was 3,081,670.54 CNY, down from 18,703,309.66 CNY in the previous period[22] Audit Information - The company did not conduct an audit for the first quarter report[23]