VGT(SZ:300476)2023-04-27 16:00Financial Performance - The company's revenue for Q1 2023 was ¥1,757,770,078.83, a decrease of 13.35% compared to ¥2,028,502,935.29 in Q1 2022[23]. - Net profit attributable to shareholders was ¥124,976,888.18, down 38.16% from ¥202,101,423.68 in the same period last year[23]. - Total profit for Q1 2023 was CNY 153,223,231.09, down from CNY 237,962,385.80 in the same period last year, indicating a decline of about 35.6%[34]. - The company reported a decrease in earnings per share to ¥0.1400, down 39.13% from ¥0.2300 in the same period last year[23]. - Basic and diluted earnings per share for Q1 2023 were both CNY 0.1400, down from CNY 0.2300 in Q1 2022, reflecting a decrease of approximately 39.1%[34]. - The company reported other comprehensive income after tax of CNY -18,057,105.42 for Q1 2023, compared to CNY -650,698.75 in the previous year[34]. Cash Flow and Assets - The company's cash and cash equivalents increased by 45.22% to ¥1,590,526,531.53 compared to the beginning of the period, primarily due to increased bank borrowings[9]. - Net cash flow from operating activities was ¥105,639,915.08, a significant decline of 70.39% compared to ¥356,729,451.08 in Q1 2022[23]. - Total assets increased by 1.89% to ¥14,573,435,364.04 from ¥14,303,773,931.60 at the end of the previous year[23]. - Cash inflow from operating activities totaled ¥2,100,774,844.52, an increase of 9.2% from ¥1,924,235,427.28 in the previous period[46]. - Cash outflow from investing activities was ¥553,287,303.28, up from ¥298,310,100.81 in the previous period[46]. - The company reported a net increase in cash and cash equivalents of ¥129,832,960.59, compared to an increase of ¥331,153,519.18 in the previous period[47]. Shareholder Information - The top shareholder, Shenzhen Shenghua Xinye Investment Co., Ltd., holds 160,566,476 shares, representing a significant portion of the company's equity[13]. - The total number of ordinary shareholders is reported, indicating a diverse ownership structure[11]. - The top ten shareholders hold a combined 44.73% of the shares, with the largest shareholder owning 18.61%[28]. - The company has no pledged or frozen shares among its major shareholders, indicating a stable ownership structure[28]. Investment and Projects - The company has terminated the "High-end Multi-layer, High-level HDI Printed Circuit Board and IC Packaging Substrate Construction Project" and will prudently select new investment projects for remaining raised funds[16]. - The company will continue to retain remaining raised funds in a dedicated account for future investment opportunities[16]. - The company is focusing on market expansion and new product development as part of its strategic initiatives moving forward[30]. - The company plans to continue focusing on R&D and market expansion strategies in the upcoming quarters[44]. Expenses and Financial Changes - Financial expenses increased by 41.24% to ¥52,079,882.25 due to higher foreign exchange losses[25]. - Investment income rose by 51.44% to ¥10,916,903.57, attributed to increased accrued bank wealth management income[25]. - Credit impairment losses surged by 112.34% to ¥4,139,514.94 due to changes in accounting estimates for bad debts[25]. - The company experienced a significant impact from exchange rate fluctuations, with a cash flow effect of -¥23,927,361.00, a 4600.32% increase in losses compared to the previous year[25]. - Research and development expenses increased to ¥83,522,542.16, up 18.9% from ¥70,248,975.39 in the previous period[44]. - Operating expenses of CNY 608,089.76 in Q1 2023, compared to CNY 993,277.87 in Q1 2022, showing a decrease of approximately 38.8%[34]. Financial Reporting and Compliance - The company has no other non-recurring profit and loss items to report, ensuring clarity in financial reporting[8]. - The company has committed to maintaining the accuracy and completeness of its financial disclosures, with all board members assuming legal responsibility[4].