龙腾光电(688055) - 2023 Q4 - 年度财报

Financial Statements Income Statement In 2022, the company's operating revenue decreased by 32.3% to RMB 1.513 billion, yet net profit reached RMB 12.027 million despite a 58.7% decline, primarily due to a 95% reduction in R&D expenses Income Statement Summary | Item | 2022 (RMB) | 2021 (RMB) | YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 1,513,027,965.99 | 2,233,346,934.98 | -32.3% | | Operating Cost | 1,466,247,709.94 | 2,103,868,588.74 | -30.3% | | R&D Expenses | 1,398,565.82 | 29,997,084.67 | -95.3% | | Operating Profit | 11,932,742.06 | 29,951,935.95 | -60.2% | | Net Profit | 12,026,820.00 | 29,113,269.71 | -58.7% | - The company's operating revenue in 2022 was RMB 1.513 billion, a significant 32.3% decrease from RMB 2.233 billion in the previous year[4] - R&D expenses sharply decreased by 95.3% from approximately RMB 30 million in the prior year to RMB 1.4 million, a key factor in maintaining profitability despite revenue decline[4] Balance Sheet As of year-end 2022, total assets significantly contracted by 54.5% to RMB 633 million, primarily due to reduced current assets, while total liabilities decreased by 83.1% to RMB 156 million from substantial debt repayment, with shareholders' equity slightly increasing to RMB 477 million Key Asset Items | Key Asset Items | Year-End Balance (2022-12-31) (RMB) | Beginning Balance (RMB) | Change | | :--- | :--- | :--- | :--- | | Cash and Cash Equivalents | 21,081,580.61 | 391,850,147.84 | -94.6% | | Accounts Receivable | 204,479,434.61 | 389,345,164.41 | -47.5% | | Inventories | 213,117,889.48 | 381,782,940.87 | -44.2% | | Total Current Assets | 446,157,162.18 | 1,192,067,003.73 | -62.6% | | Total Assets | 633,288,458.53 | 1,390,361,810.65 | -54.5% | Key Liabilities and Equity Items | Key Liabilities and Equity Items | Year-End Balance (2022-12-31) (RMB) | Beginning Balance (RMB) | Change | | :--- | :--- | :--- | :--- | | Short-term Borrowings | 653,534.14 | 301,237,332.00 | -99.8% | | Accounts Payable | 91,544,567.58 | 507,016,610.35 | -82.0% | | Total Current Liabilities | 155,488,475.82 | 921,678,386.14 | -83.1% | | Total Liabilities | 156,233,688.95 | 925,333,861.07 | -83.1% | | Total Shareholders' Equity | 477,054,769.58 | 465,027,949.58 | +2.6% | Cash Flow Statement In 2022, the company's cash flow significantly deteriorated, with operating activities turning to a net outflow of RMB 87.09 million due to reduced sales, and financing activities showing a net outflow of RMB 295 million from substantial debt repayments, leading to a net decrease of RMB 371 million in cash and equivalents Cash Flow Summary | Cash Flow Item | 2022 (RMB) | 2021 (RMB) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -87,088,636.97 | 19,476,954.90 | | Net Cash Flow from Investing Activities | -9,628,976.69 | -10,496,495.69 | | Net Cash Flow from Financing Activities | -294,680,413.32 | 290,552,636.38 | | Net Increase in Cash and Cash Equivalents | -370,768,567.23 | 297,765,610.93 | | Cash and Cash Equivalents at Period End | 21,081,580.61 | 391,850,147.84 | - Net cash flow from operating activities reversed from a net inflow of RMB 19.48 million in the prior year to a net outflow of RMB 87.09 million this year, indicating a reversal in the core business's cash-generating ability[9] - Net cash flow from financing activities shifted from a net inflow of RMB 291 million in the prior year to a net outflow of RMB 295 million this year, primarily due to debt repayments of RMB 1.039 billion significantly exceeding new borrowings of RMB 718 million[9]