Financial Performance - Operating revenue for Q1 2023 was ¥202,365,485.56, representing a decrease of 6.73% year-over-year[10] - Net profit attributable to shareholders for Q1 2023 was ¥13,574,106.56, down 29.34% from the same period last year[10] - Total operating revenue for Q1 2023 was ¥202,365,485.56, a decrease of 6.5% compared to ¥216,976,302.33 in Q1 2022[63] - Net profit for Q1 2023 was ¥13,574,106.56, a decline of 29.5% from ¥19,211,272.29 in Q1 2022[65] - Earnings per share for Q1 2023 were ¥0.14, compared to ¥0.26 in Q1 2022, indicating a decrease of 46.2%[65] - The total comprehensive income for the period was 9,611,607.68, compared to 13,405,846.42 in the previous year[69] Cash Flow - The net cash flow from operating activities was negative at -¥61,944,316.02, a decline of 51.44% compared to the previous year[11] - Cash inflow from operating activities was 190,530,368.27, a decrease from 203,609,902.24 in the same period last year, reflecting a decline of approximately 6.3%[70] - The net cash flow from operating activities was -61,944,316.02, worsening from -40,904,721.23 year-over-year[70] - Cash inflow from investment activities was 226,705,670.81, significantly higher than 31,000,000.00 in the previous year, indicating a substantial increase[72] - The net cash flow from investment activities was 61,314,575.07, compared to -1,125,243.52 in the same period last year, showing a positive turnaround[72] - Cash inflow from financing activities was 49,560,778.85, up from 34,400,000.00 year-over-year, representing an increase of approximately 44%[72] - The net cash flow from financing activities was 8,431,595.33, improving from -6,004,899.71 in the previous year[72] - The ending balance of cash and cash equivalents was 360,394,163.45, compared to 43,066,746.76 at the end of the previous year, indicating a significant increase[72] - The company experienced a net increase in cash and cash equivalents of 7,768,612.31, contrasting with a net decrease of -48,058,785.18 in the previous year[72] Assets and Liabilities - Total assets as of March 31, 2023, reached ¥979,619,146.18, a slight increase of 0.23% compared to the end of 2022[10] - The total liabilities to assets ratio for the parent company was 17.19%, up from 11.82% at the end of 2022[10] - Total liabilities as of March 31, 2023, were ¥111,419,841.61, compared to ¥110,011,598.35 at the end of 2022, showing a marginal increase of about 1.28%[57] - The company's total equity reached ¥868,199,304.57, slightly up from ¥867,384,284.76, reflecting a growth of approximately 0.09%[57] - Total liabilities as of the end of the reporting period were ¥158,695,166.84, an increase from ¥102,948,938.47 year-over-year[61] - Total equity decreased to ¥764,731,875.51 from ¥767,873,775.85, reflecting a slight decline of 0.3%[61] Inventory and Prepayments - The company's inventory increased by 34.23% year-over-year, attributed to higher work-in-progress investments[15] - The company reported a significant increase in prepayments, which rose by 285.76% year-over-year, mainly due to increased material prepayments[13] Shareholder Actions and Commitments - The company approved a share repurchase plan aimed at enhancing long-term value and employee incentive programs[37] - The company plans to repurchase between 500,000 and 1,000,000 shares, representing 0.5%-1% of the total share capital[40] - The estimated total funds for the repurchase range from 8.1 million to 16.2 million yuan, sourced from the company's own funds[40][41] - The maximum repurchase price is set at 16.2 yuan per share, which is 200% of the average trading price of 14.56 yuan per share over the 30 trading days prior to the board's resolution[39] - As of March 31, 2023, the company has completed the repurchase, acquiring 100% of the planned maximum number of shares[43] - The repurchase implementation period is set to not exceed 6 months from the date of shareholder approval[42] - The company is committed to stabilizing its stock price, as outlined in the prospectus dated April 29, 2022[47] - The management has made commitments regarding shareholder lock-up and transfer restrictions, detailed in the prospectus[46] - The actual controller and major shareholders have expressed intentions regarding shareholding and reduction plans, as stated in the prospectus[46] - The company is currently fulfilling its commitment to repurchase shares in response to fraudulent issuance, as mentioned in the prospectus[47] - The board of directors and senior management have also committed to stabilizing the company's stock price, excluding independent directors[47] - The company is ensuring compliance with its commitments related to stock price stabilization and shareholder intentions[47] Corporate Governance and Compliance - The company has no ongoing litigation or arbitration matters during the reporting period[34] - There are no external guarantees or loans provided by the company during the reporting period[34] - The company has disclosed commitments in accordance with its prospectus[36] - The company has not faced any investigations or penalties during the reporting period[34] - There were no violations of commitments by the relevant parties during the reporting period, reflecting strong adherence to corporate governance[50] - The company has committed to transparency in its financial reporting and adherence to regulatory requirements, as indicated by the audit status of its financial reports[53] Research and Development - Research and development expenses for Q1 2023 were ¥7,207,674.60, a decrease of 4.3% from ¥7,532,597.78 in Q1 2022[64] Strategic Outlook - The company has outlined its strategies for market expansion and new product development, although specific figures were not disclosed in the provided content[48] - The company has emphasized the importance of maintaining stable operations and financial health through prudent asset management and financing strategies[51]
远航精密(833914) - 2023 Q1 - 季度财报