Tiamaes(SZ:300807)2023-04-25 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥19,259,097.38, a decrease of 49.83% compared to ¥38,389,323.40 in the same period last year[5] - The net profit attributable to shareholders was a loss of ¥15,735,302.96, showing a slight improvement of 5.94% from a loss of ¥16,728,966.66 in Q1 2022[5] - Net profit for the current period is -¥15,741,051.83, an improvement from -¥16,809,589.42 in the previous period, indicating a 6.3% reduction in losses[21] - The company’s total profit for the current period is -¥15,645,744.65, an improvement from -¥16,630,152.44 in the previous period, reflecting a 6.0% reduction in losses[20] Cash Flow and Liquidity - The net cash flow from operating activities improved by 33.79%, with a net outflow of ¥41,926,612.16 compared to ¥63,324,749.01 in the previous year[12] - Cash flow from operating activities shows a net outflow of -¥41,926,612.16, an improvement from -¥63,324,749.01 in the previous period[24] - Cash and cash equivalents decreased significantly from CNY 114,058,342.71 to CNY 68,650,247.93, a reduction of approximately 39.8%[17] - Cash and cash equivalents at the end of the period decreased to ¥68,018,246.61 from ¥70,820,778.47, a decline of 3.9%[24] - Investment activities resulted in a net cash outflow of -¥1,480,930.11, compared to -¥2,276,695.90 in the previous period, showing a 35.0% improvement[24] - Financing activities generated a net cash inflow of ¥1,182,568.13, a significant decrease from ¥48,378,996.34 in the previous period[24] Assets and Liabilities - Total assets decreased by 8.30% to ¥712,769,462.31 from ¥777,319,402.21 at the end of the previous year[5] - The company's current assets decreased to CNY 447,983,952.81 from CNY 509,522,155.37, reflecting a decline of about 12.1%[17] - The total liabilities decreased from CNY 182,512,497.95 to CNY 132,457,147.30, a reduction of approximately 27.5%[18] - The company’s total liabilities decreased significantly, with accounts payable down 84.15% to ¥900,000.00 from ¥5,680,000.00[10] - The company's equity attributable to shareholders decreased from CNY 595,303,055.15 to CNY 580,471,800.41, a decline of about 2.5%[19] Income and Expenses - Total operating costs decreased to ¥38,119,597.49 from ¥53,881,269.34, representing a reduction of 29.2%[20] - The company reported a credit impairment loss of ¥2,932,839.90, compared to a gain of -¥538,077.03 in the previous period, indicating a significant change in credit quality[20] Other Financial Metrics - The company's basic earnings per share improved to -¥0.23 from -¥0.25, reflecting an 8.00% increase[5] - The company’s weighted average return on equity improved slightly to -2.68% from -2.82%[5] - The company reported a significant reduction in accounts receivable, down 68.06% to ¥4,767,789.86 from ¥14,925,009.73[10] - The company experienced a 70.43% increase in other income, totaling ¥443,116.64, attributed to increased government subsidies received[11] - The company received government subsidies amounting to ¥531,900.00 during the reporting period[7] Inventory and Retained Earnings - The company’s inventory increased slightly from CNY 110,946,271.11 to CNY 114,373,521.91, an increase of approximately 3.9%[17] - The company reported a decrease in retained earnings from CNY 138,628,203.63 to CNY 122,892,900.68, a reduction of approximately 11.4%[19] Product Development and Strategy - The company has not disclosed any new product developments or market expansion strategies in the current report[16]