金明精机(300281) - 2023 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2023 was ¥105,778,951.16, a decrease of 23.06% compared to ¥137,488,003.03 in the same period last year[3] - Net profit attributable to shareholders was ¥1,084,481.95, down 88.90% from ¥9,765,767.44 year-on-year[3] - Total operating revenue for Q1 2023 was ¥105,778,951.16, a decrease of 23.06% compared to ¥137,488,003.03 in the same period last year[17] - Net profit for Q1 2023 was ¥1,084,481.95, a significant decline of 88.91% from ¥9,765,767.44 in Q1 2022[19] - Basic and diluted earnings per share for Q1 2023 were both ¥0.003, compared to ¥0.023 in the previous year[20] Cash Flow and Liquidity - The net cash flow from operating activities was -¥5,882,685.37, a decrease of 7.43% compared to -¥5,475,742.56 in the previous year[3] - Cash flow from operating activities showed a net outflow of ¥5,882,685.37, slightly worse than the outflow of ¥5,475,742.56 in Q1 2022[22] - Cash flow from investing activities resulted in a net outflow of ¥11,716,614.35, compared to a larger outflow of ¥78,990,108.19 in the same period last year[23] - The total cash and cash equivalents at the end of Q1 2023 were ¥13,913,804.70, down from ¥78,426,883.32 at the end of Q1 2022[23] - The balance of cash and cash equivalents decreased by 54.45% to ¥20,913,295.86 due to increased purchases of financial products[6] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥1,471,087,858.15, a decrease of 0.61% from ¥1,480,050,133.18 at the end of the previous year[3] - The company's current assets decreased to CNY 744,201,941.86 from CNY 810,447,507.53 at the beginning of the year, reflecting a reduction of approximately 8.2%[13] - The total liabilities decreased to CNY 202,451,999.13 from CNY 212,498,756.11, indicating a decline of about 4.9%[15] - The company's inventory stood at CNY 279,010,362.75, slightly down from CNY 284,457,069.05, reflecting a decrease of about 1.6%[13] - The total non-current assets increased to CNY 726,885,916.29 from CNY 669,602,625.65, marking an increase of about 8.6%[15] Accounts Receivable and Payable - The balance of accounts receivable increased by 68.18% to ¥13,761,180.38, primarily due to more bank acceptance bills used for customer settlements[6] - The accounts receivable increased to CNY 27,366,109.73 from CNY 25,966,515.34, representing an increase of approximately 5.4%[13] Expenses and Other Income - The company reported a financial expense of ¥684,430.99, an increase of 199.45% compared to the previous period, mainly due to exchange losses[8] - Other income increased by 71.17% to ¥1,772,381.77, primarily due to an increase in government subsidies received[8] - The company reported a decrease in research and development expenses to ¥5,238,164.02 from ¥6,593,988.51 year-over-year, indicating a reduction in investment in new technologies[17] - Other income increased to ¥1,772,381.77 in Q1 2023 from ¥1,035,469.57 in the previous year, reflecting improved financial performance in this area[17] Corporate Actions - The company completed the merger of its wholly-owned subsidiary Shenzhen Zhihui Cloud Software Technology Co., Ltd. with Shenzhen Wisdom Jinming Technology Co., Ltd. on February 21, 2023[12] Shareholder Information - The company reported a total of 21,597,668 shares under lock-up conditions, which are subject to unlocking conditions[11]