Financial Performance - For the three months ended March 31, 2023, the company recorded an unaudited net loss of approximately RMB 5.23 million, compared to a net loss of approximately RMB 5.94 million for the same period in 2022, representing a decrease in loss of about 11.9%[3] - The unaudited total revenue for the three months ended March 31, 2023, was approximately RMB 4.17 million, which is about 59% of the unaudited total revenue of approximately RMB 7.09 million for the same period in 2022[3] - The company's total revenue for the period from January 1 to March 31, 2023, was RMB 4.17 million, down from RMB 7.09 million for the same period in 2022, representing a decline of approximately 41.0%[7] - The total operating costs for the same period were RMB 9.41 million, a decrease from RMB 13.06 million in 2022, reflecting a reduction of about 28.0%[7] - The company reported a comprehensive loss of RMB (5,185,226.15) for Q1 2023, compared to a loss of RMB (1,399,282.24) in Q1 2022[27] - The company recorded a net loss of RMB 5,185,226.15 for the first quarter of 2023, compared to a net loss of RMB 5,878,713.84 in Q1 2022[84] Assets and Liabilities - As of March 31, 2023, the company's current assets totaled approximately RMB 33.66 million, an increase from RMB 30.24 million as of December 31, 2022, reflecting a growth of about 11.5%[4] - The company's total liabilities as of March 31, 2023, amounted to approximately RMB 93.17 million, compared to RMB 92.24 million as of December 31, 2022, indicating a slight increase of about 1.0%[6] - The company reported a total equity of approximately RMB 6.77 million as of March 31, 2023, down from RMB 11.99 million as of December 31, 2022, representing a decrease of about 43.5%[6] - The total liabilities increased to RMB 86,403,451.81 in Q1 2023, compared to RMB 80,248,874.57 in Q1 2022, reflecting a growth of 7.4%[36] - The total equity attributable to shareholders decreased to RMB 6,768,924.20 as of March 31, 2023, from RMB 11,995,291.37 at the end of Q1 2022[27] Cash Flow - The total cash inflow from operating activities for the first quarter of 2023 was RMB 5,803,117.48, a decrease of 43.5% compared to RMB 10,211,159.80 in the same period of 2022[17] - The net cash flow from operating activities for Q1 2023 was negative at RMB (2,462,571.33), worsening from RMB (1,399,282.24) in Q1 2022[17] - Cash received from financing activities totaled RMB 3,166,700.00 in Q1 2023, down 77.7% from RMB 14,200,000.00 in Q1 2022[21] - The net cash flow from financing activities for Q1 2023 was RMB 2,684,293.83, a decrease of 75.1% compared to RMB 10,769,260.70 in Q1 2022[24] - The net increase in cash and cash equivalents for Q1 2023 was RMB 217,002.14, significantly lower than RMB 1,515,448.58 in Q1 2022[25] - The ending balance of cash and cash equivalents as of March 31, 2023, was RMB 2,167,689.57, down from RMB 3,580,646.08 at the end of Q1 2022[26] Expenses - Research and development expenses for the three months ended March 31, 2023, were RMB 1.69 million, slightly up from RMB 1.65 million in the same period of 2022, indicating an increase of about 1.7%[7] - The company incurred total selling expenses of RMB 718,132.13 in the first quarter of 2023, a decrease from RMB 1,794,982.43 in the same period of 2022[56] - Depreciation expenses for the first quarter of 2023 were RMB 46,790.72, down from RMB 69,152.04 in the previous year[57] - Employee compensation for the first quarter of 2023 was RMB 1,563,905.57, compared to RMB 1,697,804.15 in the same period of 2022[57] Shareholder Information - Major shareholders include Ms. Chen Jing and Professor Xiao Liangyong, each holding approximately 44.00% of the domestic shares, translating to 550,832,335 shares[137] - Tianan Enterprises holds 328,363,637 domestic shares, representing 26.23% of the total issued domestic shares[137] - The company has a significant concentration of ownership, with the top five shareholders controlling over 50% of the total issued shares[137] - The total number of H shares held by major shareholders is 85,100,000, representing approximately 13.18% of all issued H shares[150] Future Plans and Strategies - The company plans to focus on market expansion and new product development in the upcoming quarters[55] - The company plans to focus on the mobile communication products and related services segment for future development[128] - Future plans include exploring applications of metamaterial technology in various fields such as mobile communications and smart cities[98] - The company aims to leverage its super-material communication products to support smart city construction projects, enhancing network efficiency and reducing costs[124] - The company will consider further financing through bank loans, share issuance, and bond issuance to ensure smooth operations and development[128] Governance and Compliance - The audit committee has reviewed the unaudited consolidated results for the three months ending March 31, 2023, ensuring compliance with applicable accounting standards[168] - The company has adhered to the corporate governance code as per GEM Listing Rules during the three months ending March 31, 2023[165]
海天天线(08227) - 2023 Q1 - 季度业绩