Matrix Design (SZ:301365)2023-04-24 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥106,072,804.16, a decrease of 18.98% compared to ¥130,920,280.26 in the same period last year[4] - Net profit attributable to shareholders for Q1 2023 was ¥15,747,280.63, down 43.70% from ¥27,971,985.27 year-on-year[4] - Basic and diluted earnings per share decreased by 58.06% to ¥0.13 from ¥0.31 in the same period last year[4] - The weighted average return on equity fell to 0.88%, down 3.53% from 4.41% in the previous year[4] - Total operating revenue for Q1 2023 was ¥106,072,804.16, a decrease of 18.9% compared to ¥130,920,280.26 in Q1 2022[18] - Net profit for Q1 2023 was ¥15,747,280.63, representing a decline of 43.7% from ¥27,971,985.27 in Q1 2022[19] - Basic and diluted earnings per share for Q1 2023 were both ¥0.13, down from ¥0.31 in Q1 2022[19] - The company’s total comprehensive income for Q1 2023 was ¥15,636,022.93, down from ¥27,939,003.82 in Q1 2022[19] Cash Flow and Assets - The net cash flow from operating activities turned positive at ¥6,796,005.86, a significant increase of 192.47% compared to a negative cash flow of ¥7,349,730.22 in the previous year[4] - Cash flow from operating activities generated a net amount of ¥6,796,005.86, recovering from a negative cash flow of ¥7,349,730.22 in the same period last year[22] - Cash and cash equivalents at the end of Q1 2023 totaled ¥797,597,000.06, a decrease from ¥428,893,187.71 at the end of Q1 2022[22] - The company's cash and cash equivalents decreased to RMB 800,456,011.99 from RMB 1,419,058,165.43 at the beginning of the year, representing a decline of approximately 43.4%[15] - Total assets at the end of Q1 2023 were ¥2,025,898,132.69, reflecting a slight increase of 1.04% from ¥2,005,054,327.10 at the end of the previous year[4] - The total assets of Matrix Design Co., Ltd. as of March 31, 2023, amounted to RMB 2,025,898,132.69, an increase from RMB 2,005,054,327.10 at the beginning of the year[16] - The company reported a total current asset of RMB 1,901,505,115.47, up from RMB 1,877,405,715.76, reflecting an increase of approximately 1.3%[16] - The total non-current assets amounted to RMB 124,393,017.22, down from RMB 127,648,611.34, indicating a decrease of about 2%[16] Shareholder Equity and Liabilities - Shareholders' equity attributable to the parent company increased by 1.32% to ¥1,787,438,804.48 from ¥1,764,101,626.79 at the end of the previous year[4] - The company's equity attributable to shareholders increased to RMB 1,787,438,804.48 from RMB 1,764,101,626.79, showing a growth of approximately 1.3%[17] - Total liabilities decreased slightly to RMB 238,459,328.21 from RMB 240,952,700.31, a reduction of about 1%[17] Operational Insights - The decline in revenue was primarily attributed to a decrease in market demand for the design industry due to macroeconomic conditions and reduced real estate investment[7] - The company reported non-recurring gains of ¥471,972.74 for the period, after accounting for tax effects[5] - The company has not disclosed any new product developments, market expansions, or mergers and acquisitions in this report[8] Expenses - Total operating costs decreased to ¥85,477,096.51, down 10.8% from ¥95,914,040.28 in the previous year[18] - The company reported a significant increase in research and development expenses to ¥5,848,092.30, compared to ¥5,662,669.00 in the previous year[18] - The company experienced a decrease in sales expenses to ¥5,020,987.13, down from ¥5,371,340.36 in the previous year[18] - Other comprehensive income after tax was reported at -¥111,257.70, worsening from -¥32,981.45 in Q1 2022[19] Inventory and Receivables - Accounts receivable increased to RMB 358,769,521.99 from RMB 326,425,857.90, reflecting a growth of about 9.9%[16] - Contract liabilities rose to RMB 120,979,431.27 from RMB 100,394,989.65, indicating an increase of approximately 20.5%[17] - Inventory decreased to RMB 53,438,316.63 from RMB 60,723,142.23, a decline of about 11.9%[16]