Huawei Design (BJ:833427)2023-04-26 16:00Financial Performance - Net profit attributable to shareholders for Q1 2023 was CNY 13,061,447.67, an increase of 44.07% year-on-year[10] - Operating revenue for Q1 2023 was CNY 30,335,503.63, down 12.21% from the same period last year[10] - The total profit for Q1 2023 was 15,177,628.68, up from 10,320,918.80 in Q1 2022, reflecting an increase of approximately 46.5%[49] - The company achieved a comprehensive income total of 13,575,303.28 in Q1 2023, compared to 9,060,398.50 in Q1 2022, indicating an increase of about 49.5%[50] - Basic earnings per share for Q1 2023 were 0.13, compared to 0.11 in Q1 2022, representing an increase of about 18.2%[50] - Operating profit for Q1 2023 was 12,192,811.17, up from 10,332,378.80 in Q1 2022, reflecting a growth of approximately 16.9%[49] - The company reported a significant increase in investment income, which rose to 693,326.12 in Q1 2023 from 161,272.94 in Q1 2022, marking an increase of approximately 330.5%[49] Cash Flow - The net cash flow from operating activities increased by 112.19% to CNY 2,060,139.50 compared to the previous year[11] - Operating cash flow for Q1 2023 was CNY 2,060,139.50, a significant improvement from a negative cash flow of CNY -16,901,724.81 in Q1 2022, indicating a turnaround in operational efficiency[54] - Total cash inflow from operating activities reached CNY 141,479,074.34, compared to CNY 40,938,699.29 in the same period last year, reflecting a growth of 245.5%[54] - Cash inflow from sales of goods and services for the parent company was CNY 44,382,064.35, up from CNY 37,162,805.32 in Q1 2022, reflecting a growth of 19.5%[56] - The net cash flow from operating activities for the parent company improved to CNY 2,165,080.42 from a negative CNY -16,425,918.17 in the same quarter last year[57] Assets and Liabilities - Total assets as of March 31, 2023, were CNY 501,002,658.28, a decrease of 0.13% compared to the end of 2022[10] - The company's total liabilities to assets ratio decreased to 25.78% from 28.58% year-on-year[10] - Total liabilities decreased to CNY 129,147,420.48 from CNY 143,390,093.17, reflecting a reduction of approximately 9.9%[42] - Current liabilities totaled CNY 120,859,412.95, down from CNY 135,257,450.21, indicating a decrease of about 10.3%[42] - Non-current liabilities totaled CNY 8,288,007.53, a slight increase from CNY 8,132,642.96[42] - Shareholders' equity increased to CNY 371,855,237.80 from CNY 358,279,934.52, representing a growth of approximately 3.2%[42] Shareholder Information - The largest shareholder, Liao Yiqin, holds 31.42% of the shares, totaling 32,393,809 shares[19] - The second largest shareholder, Gongqingcheng Kuande Investment Management Center, holds 12.31% of the shares, totaling 12,687,500 shares[19] - The total shares held by the top ten shareholders account for 80.44% of the total shares[20] Commitments and Compliance - The company has timely disclosed all necessary information regarding its commitments and other major matters[23] - The company is currently fulfilling commitments to avoid competition in the same industry, initiated in May 2015[27] - The company has ongoing commitments regarding the lock-up of shares, established in May 2015, which are being adhered to[27] - The company has a commitment to not occupy company funds, which is currently being fulfilled[27] - The company has a voluntary six-year lock-up commitment for shareholders, initiated in November 2017, which is still in effect[27] - The company has commitments to reduce and regulate related party transactions, initiated in February 2021, and is currently fulfilling these commitments[28] - The company has a commitment to maintain a stable stock price for three years, initiated in February 2021, which is being adhered to[29] - The company has a commitment to fill the gap of diluted earnings per share, initiated in February 2021, which is currently being fulfilled[29] - The company has a commitment to distribute dividends, established in February 2021, and is currently fulfilling this commitment[29] - The company is actively fulfilling its commitments regarding the issuance of shares and related regulations[29] - The company has ongoing commitments to ensure compliance with various regulatory requirements as outlined in the public offering prospectus[29] Other Financial Metrics - The company reported a significant increase in contract liabilities, rising to CNY 38,730,987.54 from CNY 7,794,652.23, indicating a growth of approximately 394.5%[42] - Research and development expenses for Q1 2023 were 1,767,747.39, slightly down from 1,884,764.58 in Q1 2022, showing a decrease of about 6.2%[49] - The company recorded a credit impairment loss of 1,235,654.32 in Q1 2023, compared to 832,126.68 in Q1 2022, which is an increase of about 48.4%[49] - Total operating costs for Q1 2023 were 20,749,220.26, down from 25,485,174.26 in Q1 2022, indicating a decrease of approximately 18.5%[49] Government Support - The company received a government listing reward of CNY 3,000,000, contributing to the increase in net profit[13]