弘信电子(300657) - 2023 Q1 - 季度财报

Financial Performance - The net profit for Q1 2023 was -83,036,362.64 CNY, a decrease of 139.54% compared to the previous period[27] - The net profit attributable to the parent company was -74,492,224.46 CNY, down 107.53% due to weak demand in the consumer electronics market[27] - Total operating revenue for Q1 2023 was ¥639,656,223.45, a decrease of 17.67% compared to ¥776,899,567.88 in Q1 2022[46] - Net profit attributable to shareholders for Q1 2023 was -¥74,492,224.46, representing a decline of 107.53% from -¥35,895,046.26 in the same period last year[46] - The net profit for the period was -¥83,036,362.64, compared to -¥34,664,940.20 in the previous period, indicating a worsening of approximately 139.0%[67] - Operating profit decreased from -¥41,418,338.38 to -¥93,164,826.64, reflecting a decline of about 125.0%[67] Cash Flow - The net cash flow from operating activities for Q1 2023 was -¥95,337,305.19, a significant drop of 188.19% compared to a positive cash flow of ¥108,098,648.51 in Q1 2022[46] - The net cash flow from operating activities decreased by 188.19%, from ¥108,098,648.51 to -¥95,337,305.19, primarily due to a significant reduction in cash received from sales[60] - The company's net cash flow from investing activities was -¥53,205,147.84, an improvement from -¥80,670,790.49 in the previous year[46] - The net cash flow from investing activities improved by 34.05%, from -¥80,670,790.49 to -¥53,205,147.84, mainly due to a decrease in cash payments for fixed assets and long-term assets[60] - The net cash flow from financing activities increased by 68.52%, from -¥14,870,606.23 to -¥4,680,626.80, attributed to fewer borrowings and reduced cash payments for debt repayment[60] - The company reported a net cash outflow from financing activities of RMB 80,460,626.80, compared to RMB 189,099,986.34 in the previous period, indicating a significant reduction in cash outflow[79] - The net cash flow from financing activities was negative at RMB -4,680,626.80, an improvement from RMB -14,870,606.23 in the prior period[79] - The ending balance of cash and cash equivalents was RMB 424,079,620.89, down from RMB 578,262,471.40 at the beginning of the period[79] - The company’s total cash and cash equivalents decreased by RMB 154,182,850.51 during the reporting period[79] Assets and Liabilities - The company's total assets as of March 31, 2023, were ¥4,874,827,850.92, down 2.11% from ¥4,980,102,675.51 at the end of the previous year[46] - The total liabilities at the end of the reporting period were 2,903,271,874.06 CNY, slightly down from 2,925,510,336.01 CNY at the beginning of the year[17] - The total liabilities increased slightly from ¥2,168,565,288.52 to ¥2,169,059,725.20, showing a marginal increase of about 0.2%[65] - The total equity attributable to shareholders was 1,650,970,648.87 CNY, down from 1,724,236,975.47 CNY[17] - The company's equity attributable to shareholders decreased by 4.25% to ¥1,650,970,648.87 from ¥1,724,236,975.47 at the end of the previous year[46] Shareholder Information - The total number of common shareholders at the end of the reporting period was 19,788[13] - The company’s major shareholders include 弘信创业工场投资集团股份有限公司 with 31,382,221 shares and 施玮 with 7,428,000 shares[72] - The company has a total of 84,185,311 shares held by various shareholders, indicating a diverse ownership structure[72] - The total number of preferred shareholders and the top 10 preferred shareholders' holdings were not detailed in the provided content[72] Expenses - Management expenses increased by 31.17% to 38,212,971.07 CNY, primarily due to the addition of consolidated subsidiaries[27] - Research and development expenses decreased from ¥41,984,743.54 to ¥35,272,574.80, a reduction of approximately 15.9%[67] Other Financial Metrics - The company recorded a government subsidy of 10,461,025.82 CNY during the reporting period[4] - The company reported a basic earnings per share of -¥0.1525 for Q1 2023, down 88.97% from -¥0.0807 in Q1 2022[46] - Accounts receivable increased by 54.60% to ¥125,321,765.44 from ¥81,061,065.97 at the end of the previous period[39] - Other current assets rose by 115.71% to ¥17,582,292.34, primarily due to an increase in input tax credits[39] - Inventory increased from ¥304,547,495.64 to ¥337,149,433.76, reflecting a growth of about 10.7%[64] - Accounts receivable decreased from ¥1,020,634,719.39 to ¥877,669,581.65, a reduction of approximately 14.0%[64] - The impact of exchange rate fluctuations on cash and cash equivalents was a negative RMB -959,770.68[79]