乐鑫科技(688018) - 2023 Q1 - 季度财报

Financial Performance - Revenue for Q1 2023 reached RMB 318.12 million, a year-on-year increase of 10.10%[6][8] - Net profit attributable to shareholders was RMB 31.09 million, up 11.62% year-on-year[6][7] - Gross margin remained stable at 40.71%, a slight decrease of 0.33 percentage points year-on-year[8] - Total revenue for Q1 2023 reached RMB 318.12 million, a 10.1% increase compared to RMB 288.95 million in Q1 2022[31] - Net profit for Q1 2023 was RMB 31.09 million, up 11.6% from RMB 27.85 million in Q1 2022[32] - Operating profit for Q1 2023 was RMB 25.53 million, a 2.4% decrease compared to RMB 26.15 million in Q1 2022[32] - Net profit from continuing operations for Q1 2023 was RMB 31,087,429.91, an increase from RMB 27,852,092.14 in the same period last year[33] - Comprehensive income for Q1 2023 totaled RMB 25,818,918.12, slightly lower than RMB 26,206,872.25 in Q1 2022[33] - Sales revenue from goods and services in Q1 2023 was RMB 316,945,873.14, down from RMB 392,796,777.51 in Q1 2022[36] R&D and Innovation - R&D expenses increased by 14.21% to RMB 85.48 million, accounting for 26.87% of revenue[6][9] - R&D expenses increased to RMB 85.48 million in Q1 2023, a 14.2% rise from RMB 74.85 million in Q1 2022[32] - ESP32 project count on GitHub increased by 12% to 46,981, reflecting strong developer engagement[20] - YouTube views for ESP32-related videos grew by 15% to 736,932, indicating increased global interest[20] Inventory and Assets - Inventory decreased by 14.19% to RMB 385.27 million, maintaining a reasonable level[11] - Total funds at the end of the reporting period amounted to RMB 1.224 billion, with high safety and liquidity[12] - Inventory balance decreased by 14.19% due to reduced cash outflows for purchasing goods and services[22] - Total assets as of March 31, 2023 stood at RMB 2.09 billion, a slight increase from RMB 2.08 billion at the end of 2022[29] - Inventory decreased to RMB 385.27 million as of March 31, 2023, down 14.2% from RMB 448.98 million at the end of 2022[27] - Total assets increased to 2,086,517,567.06, up by 3,720,741.57 compared to the previous period[41][42] - Non-current assets totaled 377,606,257.12, with a notable increase in deferred tax assets by 3,720,741.57[41] - Fixed assets were reported at 60,243,507.31, showing stability in the company's long-term investments[41] - Intangible assets were valued at 2,412,316.58, reflecting ongoing investments in intellectual property[41] - Deferred tax assets increased to 18,987,185.50, up by 3,720,741.57 from the previous period[41] Sales and Market Distribution - Domestic sales accounted for 67.0% of total revenue, while overseas sales made up 33.0%[13] - Chip sales contributed 64.6% of total revenue, with module sales at 34.2%[15] Cash Flow and Liquidity - Cash and cash equivalents decreased to RMB 324.63 million as of March 31, 2023, down 7.4% from RMB 350.68 million at the end of 2022[27] - Cash flow from operating activities for Q1 2023 was RMB 33,293,442.75, a significant improvement from a negative RMB 36,870,505.88 in Q1 2022[36] - Cash flow from investing activities for Q1 2023 was negative RMB 58,207,862.90, compared to a positive RMB 67,489,474.98 in Q1 2022[37] - Cash flow from financing activities for Q1 2023 was negative RMB 2,603,791.25, down from a positive RMB 19,079,723.44 in Q1 2022[37] - Cash and cash equivalents at the end of Q1 2023 were RMB 324,630,351.07, a decrease from RMB 350,677,354.02 at the beginning of the period[37] - Total cash inflows from operating activities in Q1 2023 were RMB 345,481,498.47, compared to RMB 429,401,738.38 in Q1 2022[36] - Total cash outflows from operating activities in Q1 2023 were RMB 312,188,055.72, down from RMB 466,272,244.26 in Q1 2022[36] Liabilities and Equity - Total liabilities decreased to RMB 233.60 million as of March 31, 2023, down 8.8% from RMB 256.12 million at the end of 2022[29] - Equity attributable to owners of the parent company increased to RMB 1.86 billion as of March 31, 2023, up 1.6% from RMB 1.83 billion at the end of 2022[29] - Current liabilities amounted to 190,527,501.84, with accounts payable at 77,918,866.76[41][42] - Non-current liabilities reached 69,312,530.00, driven by a rise in deferred tax liabilities by 3,720,741.57[42] - Total equity stood at 1,826,677,535.22, with retained earnings at 413,828,831.70[42] - The company's capital reserve (capital公积) remained strong at 1,309,813,001.22[42] - The company's total liabilities and equity matched at 2,086,517,567.06, indicating balanced financial health[42] Shareholder Information - Total number of ordinary shareholders at the end of the reporting period was 7,587[24] - The largest shareholder, Lexin (Hong Kong) Investment Co., Ltd., holds 42.19% of the shares[24] - The second-largest shareholder, Dajia Life Insurance Co., Ltd., holds 3.23% of the shares[24] - Shinvest Holding Ltd. is the third-largest shareholder with a 3.16% stake[24] - The top 10 shareholders hold a combined 55.42% of the company's shares[24] Non-Recurring Items and Government Subsidies - Non-recurring gains and losses totaled RMB 5,680,062.86, including RMB 6,266,376.00 from gains on disposal of financial assets and derivatives[21] - Government subsidies related to normal business operations amounted to RMB 326,677.39[21] Operational Status and Adjustments - No significant changes or important information regarding the company's operating status were reported during the period[26] - The company adjusted its financial statements at the beginning of 2023 due to the implementation of new accounting standards[39] Accounts Receivable - Accounts receivable increased to RMB 227.75 million as of March 31, 2023, up 14.8% from RMB 198.41 million at the end of 2022[27]