WINGTECH(SH:600745)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 14,427,197,916.80, representing a decrease of 2.54% compared to the same period last year[4]. - The net profit attributable to shareholders was CNY 460,357,396.46, down 8.42% year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 38.06%, amounting to CNY 392,058,704.73[4]. - Basic and diluted earnings per share were both CNY 0.37, a decrease of 7.5%[5]. - The semiconductor business generated revenue of RMB 3.797 billion with a gross margin of 41.67%, resulting in a net profit of RMB 660 million[12]. - The integrated product business reported revenue of RMB 10.289 billion, a gross margin of 9.42%, and a net loss of RMB 108 million[12]. - The optical module business incurred a net loss of RMB 48 million[12]. - Net profit for Q1 2023 was ¥446,281,674.73, compared to ¥491,007,147.52 in Q1 2022, indicating a decline of 9.1%[19]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 74,114,573,950.23, down 3.36% from the end of the previous year[5]. - As of March 31, 2023, total assets amounted to RMB 74.115 billion, down from RMB 76.690 billion at the end of 2022[16]. - Current liabilities totaled RMB 23.019 billion, a decrease from RMB 26.674 billion at the end of 2022[16]. - The company's total liabilities decreased to ¥37,122,545,599.78 in Q1 2023 from ¥40,075,873,890.79 in Q1 2022, a reduction of approximately 7.3%[17]. - The total non-current liabilities increased to ¥14,103,157,152.43 in Q1 2023 from ¥13,402,126,642.64 in Q1 2022, an increase of approximately 5.2%[17]. Cash Flow - The net cash flow from operating activities increased by 52.74%, reaching CNY 1,747,219,850.92[4]. - Operating cash inflow totaled CNY 14,986,691,402.35, an increase from CNY 14,810,480,344.82 in the previous year, reflecting a net cash flow from operating activities of CNY 1,747,219,850.92, up from CNY 1,143,943,434.34[22]. - Cash outflow from investing activities was CNY 1,200,327,297.26, compared to CNY 2,163,329,506.79 in the previous year, resulting in a net cash flow from investing activities of -CNY 1,195,320,755.23, an improvement from -CNY 2,099,729,715.62[23]. - Cash inflow from financing activities amounted to CNY 2,302,223,066.36, down from CNY 3,415,973,424.29, with a net cash flow from financing activities of -CNY 1,269,934,598.38, compared to CNY 84,004,215.29 last year[23]. - The total cash and cash equivalents at the end of the period were CNY 7,131,774,685.82, down from CNY 10,351,001,286.66 in the previous year[23]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 186,018[9]. - The largest shareholder, Wentiang Technology Group Co., Ltd., held 12.39% of the shares, with 73,140,000 shares pledged[9]. Expenses and Investments - Research and development expenses for Q1 2023 were ¥774,563,522.13, a decrease from ¥799,142,698.35 in Q1 2022, reflecting a reduction of 3.08%[18]. - The company reported a significant increase in cash paid to employees, totaling CNY 2,080,542,718.91, compared to CNY 1,762,954,715.13 in the previous year, indicating an 18% increase[22]. - Cash paid for taxes was CNY 481,450,729.80, up from CNY 336,202,862.23, representing a 43% increase year-over-year[22]. Non-Recurring Items - The company reported non-recurring gains of CNY 68,298,691.73, primarily from government subsidies and other non-operating income[6][7]. - The company experienced a foreign exchange loss of ¥47,573,577.65 in Q1 2023, compared to a loss of ¥85,333,119.91 in Q1 2022, indicating an improvement[20]. Accounting and Reporting - The company did not apply new accounting standards for the current year, maintaining consistency in financial reporting[24]. - The company’s cash flow from operating activities showed resilience despite a challenging market environment, with a positive net cash flow indicating effective management of operational expenses[22].