四创电子(600990) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was ¥210,874,432.62, representing a decrease of 10.45% compared to the same period last year[4] - The net profit attributable to shareholders was a loss of ¥69,848,181.90, with a basic and diluted earnings per share of -¥0.3304[4] - Total operating revenue for Q1 2023 was CNY 210,874,432.62, a decrease of 10.5% compared to CNY 235,489,792.15 in Q1 2022[17] - Net loss for Q1 2023 was CNY 69,999,354.41, compared to a net loss of CNY 78,673,916.38 in Q1 2022, representing an improvement of 11.3%[18] - The company reported a total comprehensive loss of -69,999,354.41 RMB in Q1 2023, compared to -78,673,916.38 RMB in Q1 2022, indicating a decrease in comprehensive losses[19] Assets and Liabilities - Total assets at the end of Q1 2023 were ¥7,108,857,369.76, down 4.56% from the end of the previous year[5] - Total assets decreased to CNY 7,108,857,369.76 from CNY 7,448,762,892.17, a decline of 4.6%[14] - Total liabilities decreased to CNY 4,417,337,372.09 from CNY 4,693,543,871.59, a reduction of 5.9%[14] - The equity attributable to shareholders decreased by 2.33% to ¥2,661,950,963.52 compared to the end of the previous year[5] - Shareholders' equity decreased to CNY 2,691,519,997.67 from CNY 2,755,219,020.58, a decline of 2.3%[14] Cash Flow - The net cash flow from operating activities improved by 85.49% due to enhanced collection management[6] - In Q1 2023, the company reported a net cash flow from operating activities of -77,873,095.60 RMB, an improvement from -536,796,865.17 RMB in Q1 2022[22] - The net cash flow from financing activities in Q1 2023 was -200,427,576.58 RMB, compared to -47,480,702.83 RMB in Q1 2022, reflecting increased cash outflows[23] - Total cash outflows from operating activities in Q1 2023 were 605,519,762.57 RMB, down from 940,085,198.46 RMB in Q1 2022, showing a decrease of approximately 35.6%[22] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 16,984[7] - The largest shareholder, China Electronics Corporation, holds 88,650,982 shares, accounting for 41.93% of total shares[9] Expenses - Research and development expenses decreased by 59.97% due to reduced expenses from subsidiaries[6] - Research and development expenses for Q1 2023 were CNY 2,482,787.11, significantly lower than CNY 6,202,342.26 in Q1 2022, a decrease of 60%[18] - Financial expenses decreased by 74.74% as a result of increased collections on long-term receivables[6] Inventory and Receivables - Cash and cash equivalents decreased to CNY 213,608,125.84 as of March 31, 2023, from CNY 490,832,315.97 at the end of 2022, a decline of 56.5%[12] - Accounts receivable decreased to CNY 1,734,882,041.61 from CNY 1,782,414,903.10, a reduction of 2.7%[12] - Inventory increased to CNY 1,798,395,394.70, up 8.4% from CNY 1,659,702,375.50 at the end of 2022[12] Government Support - The company received government subsidies amounting to ¥2,829,955.43 during the reporting period[6] - The company received tax refunds of 150,013.54 RMB in Q1 2023, down from 657,165.84 RMB in Q1 2022[22] - The company received 260,000,000.00 RMB in cash from borrowings in Q1 2023, which is double the 130,000,000.00 RMB received in Q1 2022[22]