龙竹科技(831445) - 2023 Q1 - 季度财报

Financial Performance - Operating revenue for Q1 2023 was ¥71,807,057.40, representing a decrease of 25.87% year-over-year from ¥96,862,777.93[11] - Net profit attributable to shareholders for Q1 2023 was ¥1,266,754.63, down 92.37% from ¥16,596,368.76 in the same period last year[11] - The total profit and net profit for Q1 2023 decreased by 92.03% and 92.37%, respectively, due to reduced order volumes and increased fixed costs[13] - The company’s basic earnings per share dropped to ¥0.0085, down 92.38% from ¥0.1120 in the previous year[11] - Total operating revenue for Q1 2023 was CNY 71,807,057.40, a decrease of 26.0% compared to CNY 96,862,777.93 in Q1 2022[65] - Net profit for Q1 2023 was CNY 1,266,754.63, a decline of 92.4% from CNY 16,596,331.40 in Q1 2022[66] - The company reported a total comprehensive income for Q1 2023 of CNY 4,947,492.45, down from CNY 16,927,828.11 in Q1 2022, indicating a decline of approximately 70.8%[71] Cash Flow - The net cash flow from operating activities decreased by 89.42% to ¥1,988,311.49 compared to ¥18,786,852.33 in Q1 2022[11] - Cash flow from operating activities for Q1 2023 was CNY 1,988,311.49, significantly lower than CNY 18,786,852.33 in Q1 2022, a decline of approximately 89.4%[74] - The net cash flow from investing activities decreased by 22,059,318.80 CNY, a decline of 873.04% compared to the same period last year, primarily due to a significant reduction in cash received from investment recoveries[16] - The company reported a net cash outflow from investing activities of CNY 24,586,038.58 in Q1 2023, compared to a net outflow of CNY 2,526,719.78 in Q1 2022[74] - The net increase in cash and cash equivalents was -¥25,851,153.96, contrasting with an increase of ¥17,691,309.79 in the previous period[77] Assets and Liabilities - Total assets as of March 31, 2023, amounted to ¥510,021,371.65, reflecting a 0.38% increase compared to the end of 2022[11] - The company's asset-liability ratio (consolidated) was 24.26% as of March 31, 2023, slightly up from 24.22% at the end of 2022[11] - The company’s total liabilities as of March 31, 2023, were RMB 110,300,686.06, reflecting a stable financial position[58] - The company’s total current liabilities increased slightly from RMB 108,951,693.81 in December 2022 to RMB 110,300,686.06 in March 2023[58] - The company has pledged assets totaling RMB 71,353,570.84, which accounts for 13.99% of total assets, primarily for loan collateral[54] Shareholder Information - The largest shareholder, Lian Jianchang, holds 32,453,805 shares, representing 21.76% of the total shares[18] - The number of common shareholders at the end of the period was 8,398[16] - The total number of unrestricted shares increased from 90,944,882 to 92,456,474, representing a rise from 61.44% to 61.99% of total shares[16] - The actual number of restricted stocks granted in the recent incentive plan was 2.216 million shares to 71 individuals after some participants opted out[25] Stock Incentive Plans - The company plans to grant a total of 2.8 million stock options under the 2022 stock incentive plan, with an initial grant of 2.273 million shares at a price of 4 CNY per share[24] - The total share capital increased from 148,030,025 to 149,146,025 shares following the stock incentive plan implementation[25] Commitments and Compliance - The actual controller has committed to not transferring or entrusting the management of shares for twelve months from the date of public issuance[26] - The company is currently fulfilling commitments regarding shareholding intentions and reduction intentions[29] - The company has made commitments to fill the diluted immediate returns[29] - The company is committed to reducing related party transactions[29] - The controlling shareholders have committed to ensuring compliance with the profit distribution policy approved by the shareholders' meeting[39] Profit Distribution Policy - The profit distribution policy emphasizes a stable and reasonable return to investors, prioritizing cash dividends over stock dividends[35] - The company aims to distribute at least 10% of the annual distributable profit in cash when conditions are met, with a cumulative cash distribution over three years not less than the average annual distributable profit[36] - Major investment plans or cash expenditures exceeding 50% of the latest audited net assets or total assets will be considered before cash dividends are distributed[36] - The board of directors will propose annual profit distribution plans based on the company's articles of association, profitability, and funding needs, requiring a majority vote for approval[38] Market and Business Strategy - The company will enhance its main business profitability by optimizing production and expanding domestic and international markets[47] - The company will strictly manage the use of raised funds to improve efficiency and accelerate project construction to achieve expected benefits[47]