Financial Performance - Operating revenue for Q1 2023 was CNY 11.63 million, representing a 57.04% decrease compared to the same period in 2022[11]. - Net profit attributable to shareholders for Q1 2023 was CNY 5.10 million, down 51.45% year-on-year[11]. - Total revenue for Q1 2023 was CNY 11,634,968.50, a decrease of 57.0% compared to CNY 27,084,352.43 in Q1 2022[43]. - Operating profit for Q1 2023 was CNY 3,668,110.33, down from CNY 12,056,216.63 in Q1 2022, representing a decline of 69.5%[44]. - Net profit for Q1 2023 was CNY 5,103,781.32, a decrease of 51.4% from CNY 10,513,007.62 in Q1 2022[45]. - The company recorded a total profit of CNY 5,996,580.35 in Q1 2023, down from CNY 12,068,918.53 in Q1 2022, marking a decline of about 50.3%[48]. Assets and Liabilities - Total assets as of March 31, 2023, amounted to CNY 507.66 million, a 0.45% increase from the end of 2022[11]. - The company reported a total asset value of 507,659,789.69 yuan as of March 31, 2023, compared to 505,365,406.64 yuan at the end of 2022, indicating a slight increase[35]. - The company’s total liabilities decreased from 47,053,240.48 yuan at the end of 2022 to 44,243,842.21 yuan, a reduction of about 6.0%[37]. - Total liabilities decreased to CNY 41,084,542.46 as of March 31, 2023, down from CNY 42,728,314.22 at the end of 2022, a reduction of 3.8%[41]. - The debt-to-asset ratio for the consolidated entity decreased to 8.72% from 9.31% at the end of 2022, indicating improved financial stability[11]. Cash Flow - The cash flow from operating activities showed a net increase of 105.44%, amounting to CNY 706,767.46, compared to a negative cash flow in the same period last year[11]. - The net cash flow from operating activities for Q1 2023 was CNY 706,767.46, a recovery from a negative cash flow of CNY -12,984,938.29 in Q1 2022[50]. - The net cash flow from investment activities was negative CNY 76.61 million, reflecting increased cash management investments compared to the previous year[18]. - Investment activities resulted in a net cash outflow of CNY -76,605,718.07 in Q1 2023, compared to CNY -18,476,698.00 in Q1 2022, indicating increased investment expenditures[51]. Shareholder Information - Total outstanding shares at the end of the period were 67,000,000, with 22.78% being unrestricted shares and 77.22% being restricted shares[22]. - The largest shareholder, Zhou Xiangcheng, holds 34.87% of the total shares, amounting to 23,365,600 shares[23]. - The second largest shareholder, Wan Meihua, owns 32.25% of the total shares, totaling 21,608,800 shares[24]. - The top ten shareholders collectively hold 51,520,294 shares, representing 76.90% of the total shares[25]. - The company has 12,597 shareholders as of the end of the reporting period[22]. Research and Development - The company reported a significant increase in research and development expenses, which reached CNY 2.25 million, a 192.15% increase from the previous year, reflecting a focus on new product development and technological innovation[16]. - Research and development expenses for Q1 2023 were CNY 2,252,651.10, significantly higher than CNY 771,058.87 in Q1 2022, reflecting an increase of 192.5%[44]. Operational Strategy - The company plans to enhance market promotion and adjust strategies to accelerate project advancement in response to recent operational challenges[15]. Other Financial Metrics - Other income surged by 15,373.93% to CNY 2.61 million, primarily due to VAT refunds related to embedded software[16]. - Cash and cash equivalents decreased from 305,555,243.72 yuan at the end of 2022 to 228,527,967.30 yuan, a decline of approximately 25.3%[35]. - The company has a pledged asset of 7,677,503.82 yuan, which represents 1.51% of total assets, due to bank acceptance bill guarantees[31]. - The company’s accounts receivable decreased from 26,983,136.16 yuan to 22,532,381.18 yuan, a decline of about 16.5%[35]. - The company’s inventory increased from 39,004,666.67 yuan to 49,959,686.74 yuan, representing a rise of approximately 28.1%[35]. - The company has no ongoing litigation or arbitration matters, ensuring a stable operational environment[30]. - The company has fulfilled all disclosed commitments without any violations during the reporting period[30].
恒进感应(838670) - 2023 Q1 - 季度财报