龙腾光电(688055) - 2023 Q1 - 季度财报

Revenue and Profit Performance - Revenue for Q1 2023 was RMB 767.74 million, a decrease of 41.53% compared to the same period last year[7] - Net profit attributable to shareholders of the listed company was RMB -111.93 million, a decrease of 172.13% year-on-year[7] - Basic earnings per share were RMB -0.034, a decrease of 172.34% year-on-year[7] - Weighted average return on equity was -2.36%, a decrease of 5.66 percentage points[7] - The decline in revenue was mainly due to global economic slowdown and a downturn in the display industry, leading to suppressed terminal demand and market price declines[10] - The decrease in net profit was primarily caused by intensified international competition and geopolitical conflicts, resulting in a seven-quarter downturn in the display industry[10] - Sales revenue from goods and services in Q1 2023 was RMB 927.1 million, a decrease from RMB 1.27 billion in Q1 2022[45] - Comprehensive income attributable to the parent company in Q1 2023 was a loss of RMB 111.87 million, compared to a profit of RMB 155.19 million in Q1 2022[42] - Basic earnings per share in Q1 2023 was a loss of RMB 0.034, compared to a profit of RMB 0.047 in Q1 2022[42] Cash Flow and Financial Position - Net cash flow from operating activities was RMB 110.50 million, an increase of 152.33% compared to the same period last year[7] - Investment activities generated a net cash outflow of RMB -22,188,467.83, compared to a net inflow of RMB 82,549,823.68 in the previous period[29] - Financing activities generated a net cash inflow of RMB 145,645,064.60, a significant decrease from RMB 905,068,746.83 in the previous period[29] - Total cash and cash equivalents increased by RMB 226,385,013.46, reaching RMB 1,304,730,431.99 at the end of the period[29] - Net cash flow from operating activities in Q1 2023 was RMB 110.5 million, compared to a net outflow of RMB 211.1 million in Q1 2022[45] - The company received RMB 29.06 million in tax refunds in Q1 2023, which was not present in Q1 2022[45] - Cash received from other operating activities increased from RMB 5.59 million in Q1 2022 to RMB 8.81 million in Q1 2023[45] - Cash and cash equivalents at the end of the period were RMB 1,304,730,431.99, an increase from RMB 1,078,345,418.53 at the beginning of the period[36] R&D and Expenses - R&D expenses increased to RMB 54.36 million, up from RMB 45.83 million in the same period last year[24] - R&D expenses totaled RMB 54,360,036.83, accounting for 7.08% of revenue, an increase of 3.59 percentage points[31] Liabilities and Equity - Total liabilities increased to RMB 2.13 billion, up from RMB 2.07 billion at the end of the previous quarter[20] - Long-term borrowings rose significantly to RMB 525.43 million, compared to RMB 120.50 million at the end of the previous quarter[20] - Total assets decreased by 0.73% to RMB 6,825,633,166.33 compared to the end of the previous year[31] - Equity attributable to shareholders decreased by 2.22% to RMB 4,697,084,824.14[31] - Total equity attributable to the parent company decreased from RMB 4.80 billion in Q1 2022 to RMB 4.70 billion in Q1 2023[55] Assets and Investments - Accounts receivable decreased to RMB 505,076,211.00 from RMB 602,949,820.11 at the end of the previous year[36] - Inventory decreased to RMB 1,170,877,814.44 from RMB 1,309,347,239.03 at the end of the previous year[36] - Total current assets slightly decreased to RMB 3,163,268,424.67 from RMB 3,200,065,539.77 at the end of the previous year[36] - Long-term equity investments increased from 9,492,502.24 to 10,372,450.62, reflecting a growth of approximately 9.3%[58] - Investment property decreased slightly from 396,293,653.16 to 400,454,082.25, a change of about 1.05%[58] - Fixed assets saw a minor increase from 2,679,485,936.30 to 2,703,758,753.16, up by approximately 0.91%[58] - Construction in progress decreased from 419,626,427.17 to 417,459,184.02, a reduction of about 0.52%[58] - Right-of-use assets increased from 11,995,515.45 to 17,109,203.07, a significant rise of approximately 42.6%[58] - Intangible assets grew from 30,671,383.08 to 31,188,282.96, an increase of about 1.69%[58] - Deferred tax assets decreased from 54,853,479.10 to 31,394,753.93, a substantial drop of approximately 42.8%[58] - Other non-current assets increased from 59,945,845.16 to 63,977,605.16, up by about 6.73%[58] - Total non-current assets slightly increased from 3,662,364,741.66 to 3,675,714,315.17, a change of about 0.36%[58] - Total assets grew from 6,825,633,166.33 to 6,875,779,854.94, an increase of approximately 0.73%[58] Other Financial Information - Other comprehensive income attributable to the parent company was RMB 56.97 million in Q1 2023, up from RMB 15.78 million in Q1 2022[42] - The company recorded a non-recurring gain of RMB 2.80 million from government subsidies in Q1 2023[56] - The company's largest shareholder, Kunshan State-Owned Investment Group Co., Ltd., holds 1.53 billion shares, all of which are restricted[51]