FORE(301368)2023-04-24 16:00Financial Performance - The company's revenue for Q1 2023 was ¥83,594,822.37, a decrease of 36.43% compared to ¥131,501,784.23 in the same period last year[5] - Net profit attributable to shareholders was ¥8,016,167.27, down 39.37% from ¥13,220,793.95 year-on-year[5] - The net profit after deducting non-recurring gains and losses was ¥2,433,143.38, reflecting an 81.23% decline from ¥12,960,016.10 in the previous year[5] - Basic and diluted earnings per share decreased by 53.33% to ¥0.07 from ¥0.15 in the same quarter last year[5] - Total operating revenue for Q1 2023 was CNY 83,594,822.37, a decrease of 36.5% compared to CNY 131,501,784.23 in the same period last year[21] - Net profit for Q1 2023 was CNY 8,016,167.27, down 39.5% from CNY 13,220,793.95 in Q1 2022[22] - Operating profit for Q1 2023 was CNY 8,742,551.86, a decline of 41.5% from CNY 14,982,958.96 in the previous year[21] Cash Flow - The net cash flow from operating activities was ¥210,891.15, a significant drop of 97.62% compared to ¥8,859,535.93 in Q1 2022[5] - The total cash inflow from operating activities was 89,316,797.25 CNY, while cash outflow was 89,105,906.10 CNY, resulting in a net cash flow of 210,891.15 CNY[25] - The net cash flow from investing activities was -42,929,005.86 CNY, compared to -25,438,677.80 CNY in Q1 2022, indicating increased investment outflows[25] - The cash inflow from financing activities was 98,892,800.00 CNY, while cash outflow was 116,506,873.51 CNY, leading to a net cash flow of -116,506,873.51 CNY[26] - The company received tax refunds amounting to 4,870,308.10 CNY during the quarter[25] - The company paid 17,332,389.55 CNY to employees, reflecting a decrease from 25,992,676.64 CNY in the previous year[25] - The cash outflow for purchasing goods and services was 62,453,323.79 CNY, compared to 113,359,602.21 CNY in Q1 2022[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,153,771,845.66, down 9.47% from ¥1,274,433,851.20 at the end of the previous year[5] - Total current assets decreased from 842,786,545.25 CNY at the beginning of the year to 701,320,009.74 CNY at the end of the reporting period, a decline of approximately 16.74%[18] - Cash and cash equivalents decreased from 629,962,021.17 CNY to 463,623,974.11 CNY, a reduction of about 26.5%[18] - Total liabilities decreased to CNY 184,478,965.22 in Q1 2023 from CNY 313,157,138.03 in the same period last year[20] - Fixed assets decreased from 349,243,093.89 CNY to 341,213,252.21 CNY, a decline of approximately 2.3%[18] Shareholder Information - Total number of common shareholders at the end of the reporting period is 18,206[13] - The largest shareholder, Taizhou Huangyan Fengli Electric Control Equipment Co., Ltd., holds 36.97% of shares, totaling 44,404,200 shares[13] - The top ten shareholders hold a significant portion of shares, with the top three alone accounting for over 50%[13] Strategic Initiatives - The company is focusing on market expansion and new product development as part of its strategic initiatives[17] - The company plans to release 1,238,846 shares from lock-up on December 15, 2023[16] Other Financial Metrics - The company reported a financial income of CNY 2,423,372.75 in Q1 2023, compared to a financial expense of CNY 473,066.35 in the same period last year[21] - Research and development expenses for Q1 2023 were CNY 3,888,071.38, down from CNY 4,484,888.20 in the previous year[21] - The company reported a 48.37% decrease in cash received from sales, totaling ¥75,029,155.20 compared to ¥145,320,307.19 in Q1 2022[10] - Accounts receivable increased from 100,182,551.73 CNY to 111,277,217.93 CNY, an increase of approximately 11%[18] - Inventory increased from 98,211,381.52 CNY to 111,859,978.63 CNY, reflecting a growth of about 13.9%[18] - The company’s cash flow from foreign exchange fluctuations was 36,208.96 CNY, showing a positive impact compared to -136,852.39 CNY in the previous year[26]