Financial Performance - Net profit attributable to shareholders for Q1 2023 was CNY 5,797,355.62, a decrease of 11.89% compared to CNY 6,579,804.57 in Q1 2022[12] - Operating revenue for Q1 2023 reached CNY 52,342,534.12, showing a slight increase of 0.33% from CNY 52,172,352.58 in the same period last year[12] - The company’s basic earnings per share for Q1 2023 was CNY 0.07, down 12.50% from CNY 0.08 in Q1 2022[12] - Net profit for Q1 2023 was CNY 5,802,893.18, down from CNY 6,498,427.12 in Q1 2022, reflecting a decline of 10.69%[50] - Total operating revenue for Q1 2023 was CNY 52,342,534.12, a slight increase from CNY 52,172,352.58 in Q1 2022, representing a growth of 0.33%[48] - Total operating costs decreased to CNY 45,890,960.93 in Q1 2023 from CNY 45,964,499.11 in Q1 2022, a reduction of 0.16%[49] - The company reported a decrease in financial expenses, with interest expenses at 2,138.95 in Q1 2023 compared to 172,134.52 in Q1 2022, showing improved financial management[52] - Basic and diluted earnings per share remained stable at 0.07 for both Q1 2023 and Q1 2022[53] Cash Flow - The net cash flow from operating activities for Q1 2023 was CNY 11,127,413.10, a significant increase of 400.14% compared to a negative cash flow of CNY -3,707,368.73 in Q1 2022[12] - The cash flow from operating activities for Q1 2023 was 11,127,413.10, a significant improvement from a negative cash flow of -3,707,368.73 in Q1 2022[56] - Cash inflow from operating activities totaled $57,094,865.15, up from $53,701,909.06, reflecting improved operational cash generation[59] - Cash outflow from operating activities decreased to $45,833,071.96 from $57,347,954.24, indicating better cost management[59] Assets and Liabilities - Total assets as of March 31, 2023, amounted to CNY 479,293,069.23, reflecting a 0.26% increase from the end of the previous year[12] - The company’s total liabilities decreased from ¥59,681,638.25 on December 31, 2022, to ¥55,814,749.46 as of March 31, 2023[42] - The company’s total liabilities to total assets ratio improved from 12.5% at the end of 2022 to 11.6% as of March 31, 2023[42] - The company reported a decrease in accounts receivable from ¥52,664,563.32 at the end of 2022 to ¥50,282,841.70 as of March 31, 2023[40] - The company’s inventory decreased from ¥38,482,404.96 at the end of 2022 to ¥33,037,232.80 as of March 31, 2023[40] - The company’s cash and cash equivalents were reported at ¥237,509,562.14 as of March 31, 2023, slightly down from ¥237,696,595.32 at the end of 2022[40] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 12,157[17] - The largest shareholder, Zhou Haoliang, holds 34,136,000 shares, representing 42.31% of the total shares[20] - The second-largest shareholder, Gao Jianzheng, holds 9,926,000 shares, representing 12.30% of the total shares[20] - The total shares held by the top ten shareholders amount to 55,768,944, which is 69.12% of the total shares[21] Investments and Expenditures - Investment activities resulted in a net cash outflow of -10,610,309.22 in Q1 2023, compared to a net inflow of 6,158,206.20 in Q1 2022, indicating a shift in investment strategy[56] - The cash outflow for purchasing fixed assets was $889,958.40, slightly up from $799,205.51, indicating ongoing investment in capital assets[59] Government Support and Subsidies - The company received government subsidies of CNY 140,000 during the reporting period, contributing to an increase in deferred tax assets by 30.99%[13] Legal Matters - The company is currently involved in a lawsuit regarding a construction contract dispute, with hearings ongoing since September 2022[25][26] Employee Stock Ownership - The company has an employee stock ownership plan involving 23 participants, with a total investment of 5.4 million RMB[29] - The employee stock ownership plan holds 600,000 shares, accounting for 0.74% of the company's total equity[29]
威贸电子(833346) - 2023 Q1 - 季度财报