Goaland(SZ:300499)2023-04-25 16:00Financial Performance - The company's revenue for Q1 2023 was ¥150,713,384.07, a decrease of 64.40% compared to ¥423,334,397.68 in the same period last year[7] - The net profit attributable to shareholders was a loss of ¥5,780,113.78, representing a decline of 169.73% from a profit of ¥8,289,813.63 in the previous year[7] - Basic and diluted earnings per share were both -¥0.02, down 166.67% from ¥0.03 in the same quarter last year[7] - In Q1 2023, the company reported a net loss of CNY 5,611,060.33, compared to a net profit of CNY 23,898,764.14 in the same period last year, indicating a significant decline in profitability[25] - Operating profit for Q1 2023 was CNY -6,124,468.05, a stark contrast to the operating profit of CNY 32,572,025.81 in Q1 2022[25] - The total comprehensive loss for the period was CNY -5,611,060.33, compared to a comprehensive income of CNY 23,898,764.14 in Q1 2022[26] Cash Flow and Operating Activities - The net cash flow from operating activities was negative at ¥32,059,211.71, a decrease of 5.98% compared to the previous year's cash flow of -¥30,249,822.03[7] - The company's cash flow from operating activities showed a net outflow of CNY -32,059,211.71, compared to a net outflow of CNY -30,249,822.03 in Q1 2022[30] - Cash received from tax refunds decreased by 94.74%, totaling CNY 19,398.61, attributed to a reduction in VAT refunds during the reporting period[11] - The company's cash flow for repaying debts was CNY 500,000, a decrease of 54.29% compared to CNY 1.09 million in the same period last year[11] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,043,014,273.23, a decrease of 5.22% from ¥2,155,567,064.27 at the end of the previous year[7] - The company's total liabilities decreased to RMB 582,621,206.78 from RMB 689,562,937.49 at the beginning of the year[21] - The cash and cash equivalents at the end of the period stood at CNY 433,892,525.67, down from CNY 470,728,241.30 at the beginning of the period[30] Expenses and Costs - Total operating costs for the current period were RMB 155,518,397.30, compared to RMB 388,225,750.46 in the previous period[24] - The company reported a significant decrease in R&D expenses, which were ¥7,852,587.44, down 61.90% from ¥20,612,964.20 in the previous year[10] - The company incurred financial expenses of CNY 514,200.32, a decrease from CNY 8,398,205.62 in the previous year, indicating a reduction of approximately 93.9%[25] - The company reported a significant increase in management expenses, which rose to CNY 22,394,282.80 from CNY 33,869,663.12 in the previous year, reflecting a decrease of approximately 34%[25] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 22,939, with no preferred shareholders[12] - The largest shareholder, Li Qi, holds 14.06% of the shares, amounting to 43,386,102 shares[12] Investments and Future Plans - The company plans to issue shares to specific investors at a price of RMB 8.18 per share, raising up to RMB 400 million, with a maximum of 48,899,755 shares to be issued[16] - The company has approved an investment of RMB 1 billion for the construction of a comprehensive thermal management research and energy storage high-end manufacturing project[17] - A wholly-owned subsidiary, Huizhou Gaolan Energy Technology Co., Ltd., has been established with an investment of RMB 50 million to support the thermal management project[18]