鸿远电子(603267) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was ¥435,416,746.31, a decrease of 38.06% compared to ¥702,942,186.85 in the same period last year[5]. - Net profit attributable to shareholders for Q1 2023 was ¥101,598,017.80, down 60.76% from ¥258,880,592.14 year-on-year[5]. - Basic and diluted earnings per share decreased by 60.71%, from ¥1.12 to ¥0.44[11]. - Total operating revenue for Q1 2023 was RMB 435,416,746.31, a decrease of 38.1% compared to RMB 702,942,186.85 in Q1 2022[34]. - Net profit for Q1 2023 was RMB 100,306,919.04, a decline of 61.2% from RMB 258,885,285.40 in Q1 2022[35]. - The total comprehensive income for Q1 2023 was RMB 99,910,452.11, down from RMB 259,200,960.25 in Q1 2022[35]. Cash Flow - The net cash flow from operating activities was negative at -¥193,227,407.56, compared to -¥208,261,610.49 in the previous year[5]. - Operating cash inflows totaled CNY 421,929,702.35, an increase from CNY 365,400,147.33 in the previous period, reflecting a growth of approximately 15.5%[40]. - Operating cash outflows amounted to CNY 615,157,109.91, compared to CNY 573,661,757.82 in the prior period, indicating an increase of about 7.3%[40]. - Cash inflows from investment activities reached CNY 240,178,273.97, up from CNY 140,367,265.99, marking a significant increase of approximately 70.9%[40]. - Net cash flow from investment activities was CNY 59,814,816.10, a recovery from negative CNY 270,700,248.06 in the previous period[40]. - Cash inflows from financing activities totaled CNY 137,478,581.47, compared to CNY 104,980,000.00, reflecting an increase of about 30.9%[42]. Assets and Liabilities - Total assets at the end of Q1 2023 were ¥5,365,286,202.69, reflecting a slight increase of 0.40% from ¥5,341,924,381.07 at the end of the previous year[11]. - Total liabilities decreased to approximately CNY 1.25 billion from CNY 1.33 billion, a reduction of about 6.00%[30]. - The company's total equity increased to approximately CNY 4.12 billion from CNY 4.02 billion, reflecting a growth of about 2.93%[30]. - The total liabilities increased slightly to CNY 850,562,279.75 from CNY 846,804,354.41, showing a marginal increase of approximately 0.3%[45]. Market Conditions - The decline in revenue was attributed to weakened market demand and a drop in sales of high-reliability products and agency business[15]. - The company increased business-related expenses to consolidate and enhance market share, contributing to the decline in net profit[15]. Research and Development - Research and development expenses for Q1 2023 were RMB 23,418,738.17, slightly down from RMB 24,566,411.34 in Q1 2022[34]. - The company reported a decrease in R&D expenses to ¥16,182,743.55 in Q1 2023 from ¥19,007,174.52 in Q1 2022, a reduction of 9.6%[52]. Financial Expenses - Financial expenses decreased significantly to RMB 481,498.67 in Q1 2023 from RMB 2,595,077.37 in Q1 2022[34]. - The company’s financial expenses showed a significant improvement, with interest expenses decreasing to ¥3,315,542.80 in Q1 2023 from ¥4,833,339.56 in Q1 2022, a decline of 31.4%[52].