FSPG(000973)2023-04-28 16:00Financial Performance - The company's revenue for Q1 2023 was ¥609,400,222.07, representing a 6.69% increase compared to ¥571,200,468.02 in the same period last year[4]. - Net profit attributable to shareholders decreased by 37.46% to ¥17,842,114.14 from ¥28,528,676.45 year-on-year[4]. - The net profit after deducting non-recurring gains and losses fell by 40.14% to ¥14,592,412.60 compared to ¥24,377,690.73 in the previous year[4]. - Basic and diluted earnings per share decreased by 37.63% to ¥0.0184 from ¥0.0295 in the previous year[4]. - The company's net profit for Q1 2023 was ¥27,607,314.01, a decrease of 38.2% from ¥44,638,251.19 in Q1 2022[15]. - The total profit for Q1 2023 was ¥28,182,959.10, a decrease from ¥44,669,614.57 in Q1 2022, representing a decline of approximately 37%[16]. - The net profit for Q1 2023 was ¥25,314,850.01, down from ¥40,053,920.13 in the same period last year, indicating a decrease of about 37%[16]. - The basic earnings per share for Q1 2023 was ¥0.0184, compared to ¥0.0295 in Q1 2022, representing a decline of approximately 38%[16]. Cash Flow and Assets - The company's cash flow from operating activities showed a slight decline of 1.22%, amounting to -¥35,083,270.21[4]. - Cash and cash equivalents at the end of Q1 2023 totaled ¥893,654,122.48, down from ¥969,482,680.09 at the beginning of the year, a decline of 7.8%[14]. - Total assets at the end of the reporting period were ¥4,365,150,965.31, down 3.81% from ¥4,538,207,017.14 at the end of the previous year[4]. - Total assets decreased to ¥4,365,150,965.31 at the end of Q1 2023 from ¥4,538,207,017.14 at the beginning of the year, a reduction of 3.8%[14]. - The company's total liabilities decreased to ¥1,079,189,983.34 from ¥1,277,341,349.79, a decline of 15.5%[14]. - Inventory levels were reported at ¥518,476,397.97, slightly down from ¥520,672,044.94 at the beginning of the year, a decrease of 0.4%[14]. - The net cash flow from operating activities for Q1 2023 was -¥35,083,270.21, compared to -¥34,661,693.47 in Q1 2022, showing a slight increase in cash outflow[18]. - The net cash flow from investing activities for Q1 2023 was ¥72,989,785.40, a significant improvement from -¥45,595,027.79 in Q1 2022[19]. - The cash and cash equivalents at the end of Q1 2023 were ¥889,433,778.78, down from ¥954,661,947.26 at the beginning of the period[19]. - The total cash outflow from financing activities in Q1 2023 was ¥224,072,599.83, compared to ¥318,676,439.25 in Q1 2022, indicating a decrease of about 30%[19]. Investments and Shareholder Information - The company's investment income decreased by 122.19% year-on-year, primarily due to reduced investment income from joint ventures[6]. - The company experienced a 61.55% increase in construction in progress, mainly due to investments in the new factory and supporting projects for polarized film[6]. - The total number of common shareholders at the end of the reporting period is 70,283[8]. - The largest shareholder, Guangdong Guangxin Holdings Group Co., Ltd., holds 26.75% of shares, totaling 258,760,512 shares[8]. - The company is investing in the construction of a new factory and supporting projects to meet the needs of the Wida Optoelectronics Phase III project[10]. - Wida Optoelectronics successfully raised 327.29 million RMB through the issuance of 38.41 million shares for the Phase III project, with a net amount of 315.33 million RMB after expenses[11]. - The company is currently in the process of land and property acquisition for the Guangzhou-Zhanjiang high-speed railway construction project, affecting its subsidiary's operations[12]. Operating Costs and Expenses - Operating costs for Q1 2023 were ¥577,200,618.81, up from ¥530,871,765.99 in the same period last year, reflecting a rise of 8.7%[15]. - Research and development expenses increased to ¥35,519,561.35 in Q1 2023, compared to ¥30,644,838.21 in Q1 2022, an increase of 15.8%[15]. - The company reported a decrease in short-term borrowings to ¥215,838,642.37 from ¥332,868,614.66, a reduction of 35.2%[14]. - The company reported a tax expense of ¥2,868,109.09 for Q1 2023, down from ¥4,615,694.44 in Q1 2022, reflecting a decrease of approximately 38%[16]. - The company reported a 70.12% decrease in tax refunds received compared to the previous year, mainly due to last year's higher refunds of VAT and additional taxes[6].