GKG(SZ:301338)2023-04-26 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥106,453,283.26, a decrease of 33.30% compared to ¥159,593,193.18 in the same period last year[5] - The net profit attributable to shareholders was ¥11,543,597.90, down 42.52% from ¥20,084,171.86 year-on-year[5] - The net profit after deducting non-recurring gains and losses was ¥7,791,127.53, reflecting a significant decline of 59.88% compared to ¥19,420,520.08 in the previous year[5] - The basic earnings per share decreased by 57.14%, from ¥0.35 to ¥0.15[5] - The total operating revenue for Q1 2023 was ¥106,453,283.26, a decrease of 33.2% compared to ¥159,593,193.18 in the same period last year[20] - The total operating profit for Q1 2023 was CNY 12,182,793.94, a decrease of 43.4% from CNY 21,534,693.91 in the same period last year[21] - The total comprehensive income for Q1 2023 was CNY 11,628,527.90, down 42.6% from CNY 20,237,399.27 in Q1 2022[22] Assets and Liabilities - The total assets at the end of Q1 2023 were ¥1,849,395,282.52, a slight decrease of 0.74% from ¥1,863,227,661.96 at the end of the previous year[5] - The company's cash and cash equivalents at the end of Q1 2023 were ¥1,000,218,320.62, a decrease from ¥1,077,118,930.10 at the beginning of the year[16] - Total liabilities decreased to ¥432,996,996.32 from ¥457,577,557.41, a reduction of 5.4%[18] - The company has a total equity of ¥1,416,398,286.20 at the end of Q1 2023, slightly up from ¥1,405,650,104.55 at the beginning of the year[19] Cash Flow - The cash flow from operating activities showed a net outflow of ¥821,611.65, a deterioration of 97.37% compared to a net outflow of ¥31,231,941.40 in the same period last year[5] - The company reported a net cash outflow from operating activities of CNY -821,611.65, an improvement from CNY -31,231,941.40 in Q1 2022[25] - Investment activities resulted in a net cash outflow of CNY -74,634,466.50, an improvement from CNY -131,676,509.15 in the previous year[25] Shareholder Information - The total number of common shareholders at the end of the reporting period is 9,947[11] - Major shareholder Qiu Guoliang holds 36.18% of shares, totaling 27,500,000 shares[11] - Major shareholder Peng Xiaoyun holds 23.03% of shares, totaling 17,500,000 shares[11] - The company has 5,000,000 shares held by Yujian County Kaige Investment Management Center, accounting for 6.58%[11] - The total number of shares held by the top ten shareholders includes significant stakes from domestic natural persons and private enterprises[11] - The total number of restricted shares held by Qiu Guoliang and Peng Xiaoyun remains unchanged at 27,500,000 and 17,500,000 respectively[13] - The restricted shares for Yujian County Kaige Investment Management Center are also unchanged at 5,000,000[13] - The planned release date for the restricted shares is set for August 16, 2025[13] Operational Highlights - The company received government subsidies amounting to ¥3,212,942.97, which positively impacted other income by 182% year-on-year[7][9] - The investment income increased by 452%, reaching ¥1,204,791.10 compared to ¥218,178.82 in the previous year, mainly due to higher returns from financial products[9] - The accounts receivable decreased by 33%, from ¥192,393,568.84 to ¥129,260,851.86, primarily due to a decline in operating revenue[9] - Inventory increased to ¥335,610,736.74 from ¥286,736,483.79, representing an increase of 17.0%[16] - Research and development expenses rose to CNY 17,041,590.02, up 16.5% from CNY 14,631,583.70 in the same period last year[21] - The company has not reported any new strategies or market expansions in the current quarter[12] - The company plans to focus on new product development and market expansion strategies in the upcoming quarters[20]