Financial Performance - The company's operating revenue for Q1 2023 was ¥204,557,170.03, a decrease of 13.42% compared to ¥236,253,750.60 in the same period last year[4] - Net profit attributable to shareholders was ¥25,412,684.45, down 8.54% from ¥27,785,557.64 year-on-year[4] - The basic earnings per share decreased to ¥0.4458, down 8.54% from ¥0.4875 in the same period last year[5] - Total revenue for Q1 2023 was CNY 204,557,170.03, a decrease of 13.43% compared to CNY 236,253,750.60 in the same period last year[17] - Operating profit for Q1 2023 was CNY 29,077,366.55, slightly down from CNY 30,111,829.44 in Q1 2022, representing a decrease of 3.43%[17] - Net profit for Q1 2023 was CNY 29,202,926.79, compared to CNY 30,185,392.25 in the previous year, indicating a decline of 3.25%[17] - The net profit for Q1 2023 was CNY 25,725,495.23, a decrease of 4.4% compared to CNY 26,903,292.51 in Q1 2022[18] - The net profit attributable to the parent company was CNY 25,412,684.45, down from CNY 27,785,557.64, reflecting a decline of 8.5% year-over-year[18] - The total comprehensive income for Q1 2023 was CNY 27,465,391.66, an increase of 4.1% from CNY 26,388,123.12 in the same period last year[18] Cash Flow - The net cash flow from operating activities increased significantly to ¥28,298,854.84, compared to a negative cash flow of ¥56,935.71 in the previous year, marking a 49,803.17% improvement[4] - Operating cash flow for Q1 2023 was CNY 28,298,854.84, a significant improvement compared to a negative cash flow of CNY -56,935.71 in Q1 2022[21] - Cash inflows from operating activities were CNY 249,300,065.42, compared to CNY 245,012,882.82 in the previous year, indicating a slight increase of 1.2%[21] - Cash outflows from operating activities were CNY 221,001,210.58, a decrease of 9.8% from CNY 245,069,818.53 in Q1 2022[21] - The net cash flow from investing activities was negative at ¥45,961,572.37, a 70.10% increase in cash outflow compared to the previous year[10] - The company incurred a net cash outflow from investing activities of CNY -45,961,572.37, compared to CNY -27,019,986.62 in the previous year, indicating increased investment activity[22] - The net cash flow from financing activities was CNY -15,291,480.98, a decrease from CNY 31,131,837.50 in Q1 2022, reflecting a reduction in financing activities[22] Assets and Liabilities - Total assets at the end of Q1 2023 were ¥1,220,005,043.45, a decrease of 3.59% from ¥1,265,442,209.86 at the end of the previous year[5] - Total assets as of March 31, 2023, were CNY 1,220,005,043.45, down from CNY 1,265,442,209.86 at the beginning of the year[14] - Total liabilities decreased to CNY 620,211,744.92 from CNY 693,114,302.97, reflecting a reduction of 10.52%[15] - Cash and cash equivalents at the end of Q1 2023 were CNY 102,226,260.04, down from CNY 141,169,488.22 at the beginning of the year, a decrease of 27.59%[14] - Cash and cash equivalents at the end of Q1 2023 totaled CNY 89,301,208.62, down from CNY 147,399,139.88 at the end of Q1 2022[22] - Inventory as of March 31, 2023, was CNY 81,877,598.50, down from CNY 87,233,040.59, indicating a decline of 6.15%[14] Investments and Expenses - The company reported a significant increase in fixed assets, which rose by 98.00% to ¥240,808,234.10 due to the transfer of construction in progress to fixed assets[9] - The company reported a significant increase in long-term investments, with long-term equity investments at CNY 64,219,038.81, slightly up from CNY 64,180,187.70[14] - The company experienced a 102.30% increase in financial expenses, primarily due to increased foreign exchange losses[9] - The company reported a 700.63% increase in credit impairment losses, attributed to a decrease in accounts receivable balance and reduced bad debt provisions[9] - Total operating costs for Q1 2023 were CNY 177,579,608.34, down 15.16% from CNY 209,339,276.53 year-over-year[17] Future Outlook - The company plans to focus on expanding its market presence and enhancing R&D efforts to drive future growth[16]
光大同创(301387) - 2023 Q1 - 季度财报