VanJee(SZ:300552)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥105,610,643.79, a decrease of 43.33% compared to ¥186,369,066.76 in the same period last year[5] - The net profit attributable to shareholders was a loss of ¥90,905,655.52, representing a decline of 3,047.85% from a profit of ¥3,083,799.01 in the previous year[5] - The net cash flow from operating activities was -¥83,941,527.28, down 88.25% from -¥44,589,997.62 in the prior year[5] - Basic and diluted earnings per share were both -¥0.4265, a decrease of 4,365.00% compared to ¥0.01 in the same period last year[5] - Total operating costs amounted to 208,345,272.82 CNY, up from 196,500,166.49 CNY year-over-year[23] - The total profit (loss) was -99,111,741.46 CNY, compared to a profit of 6,511,081.05 CNY in the same period last year[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,305,244,559.97, a decrease of 3.34% from ¥3,419,497,000.45 at the end of the previous year[5] - The company's cash and cash equivalents decreased to CNY 354,929,173.81 from CNY 799,805,310.02, representing a decline of approximately 55.7%[19] - The total liabilities decreased to CNY 693,361,604.78 from CNY 720,552,761.83, reflecting a reduction of about 3.8%[20] - The company's total equity decreased to CNY 2,611,882,955.19 from CNY 2,698,944,238.62, indicating a decline of approximately 3.2%[20] - Accounts receivable decreased to CNY 951,053,877.65 from CNY 1,036,390,750.10, a decline of approximately 8.2%[19] - The company's inventory increased to CNY 451,822,854.76 from CNY 419,114,093.51, reflecting an increase of about 7.8%[19] Expenses - The company reported a significant increase in research and development expenses, totaling ¥73,979,157.28, which is a 34.57% increase from ¥54,972,772.91 in the previous year[9] - Sales expenses rose by 30.52% to ¥35,837,440.68, compared to ¥27,457,409.67 in the same period last year[9] - The company incurred a total of 320,646,823.91 CNY in cash outflows from operating activities, up from 281,630,699.64 CNY in the previous year[27] Investments - The company invested RMB 15 million in Shanghai Xuehu Technology Co., Ltd., increasing its registered capital from RMB 1.389475 million to RMB 1.488722 million, with a shareholding ratio of 4.9999%[16] - The investment aims to develop programmable chips to reduce MEC power consumption and enhance adaptability, leveraging both companies' technological capabilities[16] - The company plans to enhance its competitiveness in the intelligent connected and lidar fields through collaboration with Xuehu Technology[16] - The investment in Xuehu Technology is part of the company's broader strategy to strengthen its position in the AI hardware acceleration and data fusion sectors[16] Shareholder Information - The total number of common shareholders at the end of the reporting period is 20,331[12] - The largest shareholder, Jiang Shi, holds 46.52% of the shares, totaling 99,154,836 shares, with 51,000,000 shares pledged[12] - The top ten shareholders hold a significant portion of the shares, with the first two shareholders alone accounting for over 51%[12] Other Financial Metrics - The company reported a government subsidy of ¥1,488,840.00, which is included in the non-recurring gains and losses[6] - The company’s contract liabilities increased by 31.09% to ¥85,053,852.37, attributed to an increase in advance payments received for contracts[8] - The long-term equity investments increased to CNY 120,415,289.70 from CNY 104,889,590.30, representing a growth of about 14.7%[19] - The company reported a decrease in undistributed profits to CNY 1,272,944,375.61 from CNY 1,363,850,031.13, a decline of approximately 6.6%[20] - The company experienced a 40.00% decrease in cash received from investment recoveries, totaling ¥300,000,000.00, down from ¥500,000,000.00 in the previous year[10]