Valin Precision(SH:603356)2023-04-26 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 302,318,868.50, representing a year-on-year increase of 13.82%[5]. - Total operating revenue for Q1 2023 was CNY 302,318,868.50, an increase of 13.8% compared to CNY 265,607,616.78 in Q1 2022[16]. - Net profit for Q1 2023 was a loss of CNY 4,659,531.25, compared to a loss of CNY 7,253,184.70 in Q1 2022, showing an improvement of 35%[18]. - The comprehensive income attributable to the parent company for Q1 2023 was -861,234.92 CNY, compared to -5,364,073.48 CNY in Q1 2022, showing a significant improvement[19]. - Basic and diluted earnings per share for Q1 2023 were both -0.01 CNY, unchanged from -0.04 CNY in Q1 2022[19]. Assets and Liabilities - Total assets at the end of Q1 2023 were CNY 2,057,236,734.52, a decrease of 6.24% compared to the end of the previous year[6]. - The company's total assets decreased to CNY 2,057,236,734.52 from CNY 2,194,173,676.58, a decline of 6.2%[16]. - Current liabilities totaled CNY 807,641,078.94, down from CNY 864,534,174.01, indicating a reduction of 6.6%[15]. - The total liabilities decreased to CNY 1,091,040,563.63 from CNY 1,225,569,672.31, a reduction of 10.9%[15]. Cash Flow - The net cash flow from operating activities was CNY -17,616,371.80, primarily due to an increase in accounts receivable collection[5][7]. - The net cash flow from operating activities for Q1 2023 was -17,616,371.80 CNY, an improvement from -44,691,355.69 CNY in Q1 2022[19]. - Total cash inflow from operating activities decreased to 363,470,022.77 CNY in Q1 2023 from 416,904,405.44 CNY in Q1 2022, a decline of approximately 12.8%[19]. - Cash outflow from operating activities decreased to 381,086,394.57 CNY in Q1 2023 from 461,595,761.13 CNY in Q1 2022, a reduction of about 17.4%[19]. - The net cash flow from investing activities was -36,246,507.60 CNY in Q1 2023, worsening from -17,405,995.63 CNY in Q1 2022[20]. - Cash inflow from financing activities decreased to 116,000,000.00 CNY in Q1 2023 from 231,480,000.00 CNY in Q1 2022, a decline of approximately 49.8%[20]. - The net cash flow from financing activities was -49,083,640.30 CNY in Q1 2023, compared to a positive net flow of 102,616,928.63 CNY in Q1 2022[20]. - The ending cash and cash equivalents balance for Q1 2023 was 241,974,327.46 CNY, compared to 209,513,508.43 CNY in Q1 2022, indicating an increase of about 15.5%[20]. Shareholder Information - The company has a total of 9,652 common shareholders at the end of the reporting period[9]. - The top shareholder, Huang Yehua, holds 31,445,000 shares, accounting for 23.58% of the total shares[9]. Equity and Investments - The equity attributable to shareholders of the listed company was CNY 774,546,728.26, showing a slight increase of 0.18% from the previous year[6]. - The equity attributable to shareholders of the parent company was CNY 774,546,728.26, a slight increase from CNY 773,156,265.31[16]. - The company recognized a non-recurring gain of CNY 288,383.72, mainly from government subsidies and other non-operating income[7]. - The company plans to continue its phased payment strategy for the acquisition of Jiangsu Sansi, which significantly affects its financial indicators[11]. Research and Development - Research and development expenses for Q1 2023 were CNY 6,264,253.49, slightly down from CNY 7,036,525.71 in Q1 2022, a decrease of 11%[16]. Inventory - The company reported a significant increase in inventory, rising to CNY 212,823,601.46 from CNY 206,078,577.37, an increase of 3.6%[14]. Return on Assets - The weighted average return on net assets was -0.04% for the reporting period[6].