urovo(SZ:300531)2023-04-24 16:00Financial Performance - The company's total revenue for Q1 2023 was ¥298,193,469.11, representing a slight increase of 0.53% compared to ¥296,611,249.19 in the same period last year[3]. - Net profit attributable to shareholders decreased by 47.90% to ¥15,062,470.52 from ¥28,910,616.68 year-on-year[3]. - The net profit after deducting non-recurring gains and losses fell by 60.32% to ¥10,028,518.56 compared to ¥25,275,028.68 in the previous year[3]. - Total operating revenue for Q1 2023 was CNY 298,193,469.11, a slight increase from CNY 296,611,249.19 in Q1 2022, representing a growth of approximately 0.6%[23]. - Net profit for Q1 2023 was CNY 15,076,839.61, a decrease of 47.5% compared to CNY 28,785,219.90 in Q1 2022[24]. - Earnings per share for Q1 2023 were CNY 0.05, down from CNY 0.09 in the same period last year[25]. Cash Flow - The company reported a significant improvement in cash flow from operating activities, with a net cash flow of -¥4,530,798.79, an increase of 92.88% from -¥63,608,128.10 in the same period last year[3]. - Cash flow from operating activities for Q1 2023 was CNY 292,379,426.14, compared to CNY 281,474,596.39 in Q1 2022, reflecting an increase of approximately 3.2%[27]. - The net cash flow from operating activities was -4,530,798.79, an improvement from -63,608,128.10 in the previous year[28]. - Cash inflow from financing activities amounted to 170,000,000.68, up from 110,000,003.99 in the previous year[28]. - The net cash flow from financing activities was 51,146,678.15, a significant recovery from -59,768,594.56 in the same period last year[29]. - The total cash and cash equivalents at the end of the period were 292,283,763.87, down from 553,297,187.34 year-over-year[29]. Assets and Liabilities - Total assets at the end of Q1 2023 were ¥2,460,397,023.28, a 0.72% increase from ¥2,442,717,134.61 at the end of the previous year[3]. - The total liabilities as of Q1 2023 were CNY 705,120,197.66, slightly up from CNY 699,225,610.79 in the previous year[24]. - The total current liabilities remained relatively stable, with a slight increase to CNY 692,835,505.99 from CNY 692,124,395.82[21]. - The company's cash and cash equivalents decreased to CNY 819,305,651.83 from CNY 905,665,415.11, reflecting a decline of approximately 9.5%[20]. - The accounts receivable increased to CNY 414,151,241.10 from CNY 386,490,355.46, representing an increase of about 7.0%[20]. - The inventory decreased to CNY 279,669,826.24 from CNY 320,769,811.79, indicating a reduction of approximately 12.8%[20]. Expenses - The company experienced a 76.61% increase in selling expenses compared to the previous year, attributed to the recruitment of high-end sales talent and increased marketing efforts[8]. - Financial expenses rose by 52.08% year-on-year, influenced by exchange rate fluctuations[8]. - Total operating costs for Q1 2023 amounted to CNY 288,790,160.78, up from CNY 273,174,055.87 in the previous year, indicating an increase of about 5.7%[24]. - Research and development expenses for Q1 2023 were CNY 25,597,539.94, a decrease from CNY 29,048,828.54 in Q1 2022, showing a reduction of about 11.9%[24]. Strategic Developments - The company signed a strategic cooperation framework agreement with Zhuhai Gree Financial Investment Management Co., Ltd. on February 16, 2023[18]. - The company announced the completion of the transfer of shares by the controlling shareholder on March 22, 2023[18]. - The company has a total of 14,491,137 shares under lock-up at the end of the reporting period, following the release of 1,038,782 shares during the period[19].