NJEC(SH:600699)2023-04-25 16:00Financial Performance - The company's operating revenue for Q1 2023 was approximately ¥13.22 billion, representing a year-on-year increase of 12.72%[4]. - Net profit attributable to shareholders was approximately ¥200.19 million, with a significant increase in operating cash flow by 316.63% to approximately ¥634.63 million[4][9]. - The gross profit margin improved by 2 percentage points to approximately 13%, driven by steady growth in various business segments[7]. - Total operating revenue for Q1 2023 reached ¥13.22 billion, a 12.7% increase from ¥11.73 billion in Q1 2022[15]. - Net profit for Q1 2023 was ¥189.24 million, compared to a net loss of ¥306.45 million in Q1 2022, marking a significant turnaround[15]. - Operating profit for Q1 2023 was ¥233.68 million, a recovery from an operating loss of ¥266.97 million in the same period last year[15]. - Basic earnings per share for Q1 2023 were ¥0.15, recovering from a loss of ¥0.12 per share in Q1 2022[16]. - The total comprehensive income for Q1 2023 was ¥17.45 million, compared to a loss of ¥75.62 million in the same quarter last year[16]. Assets and Liabilities - Total assets at the end of Q1 2023 were approximately ¥53.57 billion, a decrease of 1% compared to the end of the previous year[5]. - The company's cash and cash equivalents stood at RMB 4.79 billion, down from RMB 5.40 billion at the end of 2022, representing a decrease of about 11.4%[13]. - Accounts receivable increased to RMB 7.69 billion from RMB 7.60 billion, showing a growth of approximately 1.2%[13]. - The total liabilities of the company were RMB 35.84 billion, a slight decrease from RMB 36.41 billion at the end of 2022, indicating a reduction of about 1.6%[14]. - The company's total current liabilities amounted to RMB 21.64 billion, an increase from RMB 20.88 billion, representing a growth of approximately 3.6%[14]. Shareholder Information - Shareholders' equity attributable to the parent company increased by 1.24% to approximately ¥12.40 billion[5]. - The total number of common shareholders at the end of the reporting period was 100,423[10]. - The company's equity attributable to shareholders reached RMB 12.40 billion, up from RMB 12.25 billion, marking an increase of approximately 1.2%[14]. Operational Highlights - The automotive electronics segment achieved revenue of approximately ¥4.06 billion, a year-on-year increase of 18.5%, with a gross margin of about 20%[7]. - The company secured new orders amounting to approximately ¥1 billion during the reporting period, with a growing proportion from self-owned brands and new forces[9]. - Non-recurring gains and losses totaled approximately ¥67.25 million, primarily due to various operational adjustments and government subsidies[6]. - Research and development expenses increased to ¥578.12 million, up from ¥555.85 million in Q1 2022, reflecting continued investment in innovation[15]. Cash Flow and Investments - Cash flow from operating activities generated ¥634.63 million, a substantial increase from ¥152.33 million in Q1 2022[18]. - The company reported a net cash outflow from investing activities of ¥782.88 million, compared to a net outflow of ¥617.29 million in the previous year[18]. - Cash and cash equivalents at the end of Q1 2023 totaled ¥3.16 billion, down from ¥5.43 billion at the end of Q1 2022[19]. - The company experienced a foreign exchange impact on cash and cash equivalents of -¥70.94 million in Q1 2023[19]. Borrowings - Short-term borrowings rose to RMB 3.59 billion, compared to RMB 3.01 billion at the end of 2022, indicating an increase of approximately 19.5%[14]. - The company reported a decrease in long-term borrowings to RMB 11.25 billion from RMB 12.47 billion, a reduction of about 9.8%[14]. Future Outlook - The company has not provided any specific guidance or outlook for future performance in the current report[12].