Leading Optics(SH:605118)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥130,959,725.37, representing a decrease of 6.35% compared to the same period last year[5] - The net profit attributable to shareholders was ¥29,984,146.42, down 31.42% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥24,798,334.19, a decline of 33.86% compared to the previous year[5] - The basic earnings per share decreased by 31.54% to ¥0.0738[5] - The diluted earnings per share also fell by 31.57% to ¥0.0737[5] - The weighted average return on equity was 2.20%, a decrease of 1.34 percentage points[5] - The decline in net profit was primarily due to increased R&D expenses, foreign exchange losses, and reduced government subsidies[7] - Operating profit for Q1 2023 was CNY 32,274,678.08, down 37.0% from CNY 51,234,186.85 in Q1 2022[17] - The company reported a net profit of CNY 34,244,306.39 for Q1 2023, down 33.4% from CNY 51,415,973.82 in Q1 2022[17] - The net profit for Q1 2023 was CNY 30,042,720.31, a decrease of 31.1% compared to CNY 43,619,556.30 in Q1 2022[18] - The company reported a total comprehensive income of CNY 30,049,890.53 for Q1 2023, down from CNY 43,620,575.67 in Q1 2022[18] Cash Flow and Investments - The net cash flow from operating activities increased by 88.40% to ¥43,330,846.56[5] - Cash flow from operating activities for Q1 2023 was CNY 43,330,846.56, an increase of 88.5% compared to CNY 22,998,867.08 in Q1 2022[21] - Total cash inflow from investment activities in Q1 2023 was CNY 355,815,974.55, significantly higher than CNY 168,327,111.00 in Q1 2022[22] - The net cash flow from investment activities for Q1 2023 was -CNY 1,471,105.11, an improvement from -CNY 60,505,001.62 in Q1 2022[22] - The company’s cash flow from financing activities for Q1 2023 was CNY 6,242,280.58, compared to -CNY 295,370.00 in Q1 2022, showing a positive turnaround[22] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,540,077,827.45, an increase of 0.77% from the end of the previous year[6] - Total assets as of March 31, 2023, amounted to CNY 1,540,077,827.45, an increase from CNY 1,528,352,907.30 at the end of 2022[14] - Current assets totaled CNY 1,004,243,473.33, slightly up from CNY 995,343,754.78 at the end of 2022[13] - Total liabilities decreased to CNY 157,951,788.56 from CNY 177,135,597.81 at the end of 2022, reflecting a reduction of 10.7%[14] Equity and Shareholder Information - The equity attributable to shareholders increased by 2.29% to ¥1,379,939,381.30 compared to the end of the previous year[6] - The total equity attributable to shareholders increased to CNY 1,379,939,381.30 from CNY 1,349,097,763.11, a rise of 2.3%[14] Research and Development - Research and development expenses for Q1 2023 were CNY 9,396,606.21, up from CNY 8,000,170.28 in Q1 2022, indicating a 17.4% increase[17] Inventory and Cash Management - Inventory decreased to CNY 249,611,998.17 from CNY 274,161,484.21, a decline of 8.9%[12] - Cash and cash equivalents increased to CNY 274,095,954.39 from CNY 228,468,369.07, representing a growth of 19.9%[12] - Cash and cash equivalents at the end of Q1 2023 amounted to CNY 274,094,954.39, an increase from CNY 250,248,589.33 at the end of Q1 2022[22] Tax and Expenses - The company received CNY 4,971,890.50 in tax refunds during Q1 2023, a decrease from CNY 16,007,573.67 in Q1 2022[21] - The company paid CNY 68,020,645.52 for goods and services in Q1 2023, down from CNY 93,230,628.74 in Q1 2022, indicating a reduction of 27.0%[21]