Financial Performance - Operating revenue for Q1 2023 was CNY 35,094,034.18, representing a year-on-year increase of 31.13%[11] - Net profit attributable to shareholders for Q1 2023 was CNY 6,474,497.31, down 17.20% from the same period last year[11] - The company's gross profit margin decreased due to a higher proportion of lower-margin products sold, specifically in the new energy servo systems and industrial control servo systems[15] - Total operating revenue for Q1 2023 reached ¥35,094,034.18, a 31.2% increase from ¥26,761,817.70 in Q1 2022[41] - Net profit for Q1 2023 was ¥6,270,731.39, a decrease of 14.8% compared to ¥7,362,519.33 in Q1 2022[43] - The net profit for Q1 2023 was 6,883,304.22, a decrease of 21.0% compared to 8,732,157.57 in Q1 2022[46] - Operating profit for Q1 2023 was 8,110,436.00, down from 9,564,131.14 in Q1 2022, reflecting a decline of 15.2%[46] Cash Flow - The net cash flow from operating activities increased by 404.51% to CNY 10,712,090.20 compared to Q1 2022[12] - Cash flow from operating activities for Q1 2023 was 10,712,090.20, a significant improvement from -3,517,796.08 in Q1 2022[50] - The company reported a net cash outflow from investing activities of -9,947,120.61 in Q1 2023, compared to -22,731,347.46 in Q1 2022[50] - Cash flow from financing activities showed a net outflow of -19,331,827.78 in Q1 2023, contrasting with a net inflow of 17,846,249.99 in Q1 2022[50] - Net cash flow from operating activities was $11,933,201.39, a significant recovery from a negative cash flow of $2,381,649.43 in the previous period[53] - Cash outflow for debt repayment was $38,000,000.00, with total cash outflow from financing activities reaching $38,271,827.78[53] Assets and Liabilities - Total assets as of March 31, 2023, were CNY 469,438,604.63, a decrease of 3.27% compared to the end of 2022[11] - The total liabilities to total assets ratio (consolidated) improved to 20.27% from 24.16% year-on-year[11] - The total liabilities decreased to ¥95,136,149.32, down by 18.9% from ¥117,251,750.62[35] - Total liabilities decreased to ¥92,172,699.88 from ¥113,153,126.80 in the previous period[39] - The total equity attributable to shareholders increased to ¥373,133,345.80, up by 1.3% from ¥366,658,848.49[35] - Total equity increased to ¥378,472,978.07 from ¥371,589,673.85 in the previous period[39] Shareholder Information - The total number of ordinary shareholders was 5,802 as of the report date[21] - The largest shareholder, Guilin Xingchen Electric Power Electronics Co., Ltd., holds 30,440,050 shares, representing 35.52% of total shares[22] - The second-largest shareholder, Lv Hong, holds 6,642,864 shares, accounting for 7.75% of total shares[22] - The total shares held by the top ten shareholders amount to 59,776,999, which is 69.74% of the total shares[23] Research and Development - Research and development expenses for Q1 2023 were ¥4,016,536.57, compared to ¥3,772,611.12 in Q1 2022, indicating a focus on innovation[42] - Research and development expenses increased to 4,016,536.57 in Q1 2023, up 18.3% from 3,395,567.60 in Q1 2022[46] Related Party Transactions - The company has reported a significant amount of related party transactions, with a total expected amount of 145,700,000, while the actual amount for the period was 664,608.47[27] - The company has ongoing guarantees from related parties totaling 20,000,000 for various periods, with the latest guarantee expiring in June 2025[28] Commitments and Compliance - The company has committed to avoiding competition and unnecessary related transactions as per the commitments made during the listing application[29] - There were no violations of the commitments made by the controlling shareholders and management as of the reporting period[29] - The company has fulfilled its commitments as disclosed in the 2022 annual report[26] Other Financial Metrics - The company incurred financial expenses of -1,255,565.95 in Q1 2023, a decrease from -1,693,325.04 in Q1 2022[46] - Earnings per share for Q1 2023 were ¥0.0874, down from ¥0.0912 in Q1 2022[43] - The basic earnings per share for Q1 2023 was 0.08, down from 0.1019 in Q1 2022, reflecting a decline of 21.0%[47]
星辰科技(832885) - 2023 Q1 - 季度财报