ArcSoft(SH:688088)2023-04-25 16:00Financial Performance - The company's operating revenue for Q1 2023 was RMB 161,433,392.43, representing an increase of 18.31% compared to RMB 136,446,700.41 in the same period last year[3] - Net profit attributable to shareholders was RMB 28,186,177.99, up 14.11% from RMB 24,530,014.32 year-on-year[3] - The net profit after deducting non-recurring gains and losses increased by 67.36%, reaching RMB 24,441,716.76 compared to RMB 14,433,762.71 in the previous year[3] - Basic and diluted earnings per share were both RMB 0.07, reflecting a growth of 16.67% from RMB 0.06 in the same period last year[4] - The total profit for Q1 2023 was CNY 332.77 million, compared to CNY 294.76 million in the same period last year, marking an increase of 12.88%[38] - Net profit for Q1 2023 was CNY 281.14 million, an increase from CNY 243.75 million in Q1 2022, reflecting a growth of 15.06%[38] Cash Flow - The net cash flow from operating activities surged to RMB 102,275,742.03, a significant increase of 1,653.06% from RMB 5,834,115.52 in the same period last year[3] - The company's cash flow from operating activities was CNY 280.95 million in Q1 2023, up from CNY 129.29 million in Q1 2022[39] - The company received CNY 16,122,827.29 in cash related to operating activities, an increase from CNY 7,607,726.65 in the previous period[57] - The cash outflow from operating activities was CNY 205,810,058.43, compared to CNY 131,691,557.37 in the previous period[57] Research and Development - Research and development expenses totaled RMB 79,854,546.64, which is 18.86% higher than RMB 67,182,564.80 in the previous year, accounting for 49.47% of operating revenue[4] - R&D expenses increased to RMB 79,854,546.64 in Q1 2023, compared to RMB 67,182,564.80 in Q1 2022[35] Assets and Liabilities - Total assets at the end of the reporting period were RMB 3,005,089,802.64, a 0.52% increase from RMB 2,982,674,093.89 at the end of the previous year[4] - The total liabilities as of March 31, 2023, were RMB 396,779,560.27, down from RMB 410,250,597.90 at the end of 2022[36] - The total equity attributable to shareholders of the parent company increased to CNY 2,608,054,156.03 from CNY 2,579,022,814.44, reflecting a growth of approximately 1.1%[51] - The total liabilities and equity amounted to CNY 3,005,089,802.64, up from CNY 2,989,603,256.60[51] Shareholder Information - The number of common shareholders at the end of the reporting period was 17,908[22] - The top shareholder, Hongrun Capital Management Co., Ltd., holds 118,698,800 shares, representing 29.24% of total shares[22] Other Income and Gains - The company received a software VAT refund of RMB 11,012,694.67, which is a significant increase compared to RMB 62.54 million in the same period last year[16] - The company reported a total of RMB 3,744,461.23 in non-recurring gains and losses, primarily due to investment income from structured deposits[6] - The company’s other comprehensive income after tax for Q1 2023 was CNY 1.16 million, down from CNY 2.33 million in Q1 2022[38] Investment Activities - Cash inflows from investment activities totaled CNY 443,200,656.42, down from CNY 1,219,189,564.42 in the previous period[57] - The net cash flow from investment activities was CNY 83,939,155.45, a decrease from CNY 617,325,071.44 year-over-year[57] Equity and Financial Assets - The company’s financial assets at fair value decreased to CNY 275.70 million from CNY 421.30 million year-on-year[49] - The company’s long-term equity investments decreased to CNY 33.86 million from CNY 38.35 million year-on-year[49] Miscellaneous - The company signed a software licensing agreement amendment in April 2023, with a contract value of USD 45,790,000[29] - The company did not report any net profit from the merged entity prior to the merger, consistent with the previous period[55] - The company reported a decrease in minority shareholders' equity from CNY 329,844.26 to CNY 256,086.34[51]