帕瓦股份(688184) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was ¥245,940,721.65, representing a decrease of 40.63% compared to the same period last year[5] - The net profit attributable to shareholders for Q1 2023 was ¥6,435,051.29, down 86.43% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥222,406.33, a decline of 99.51% compared to the previous year[5] - The basic earnings per share for Q1 2023 was ¥0.05, reflecting a decrease of 89.36% year-on-year[6] - Total operating revenue for Q1 2023 was ¥245,940,721.65, a decrease of 40.5% compared to ¥414,245,209.09 in Q1 2022[20] - Net profit for Q1 2023 was ¥6,435,051.29, a decline of 86.5% compared to ¥47,406,605.52 in Q1 2022[22] - Earnings per share for Q1 2023 was ¥0.05, down from ¥0.47 in Q1 2022[22] Research and Development - The company's R&D investment totaled ¥13,221,376.21, accounting for 5.38% of operating revenue, an increase of 2.31 percentage points from the previous year[6] - The company reported a significant increase in research and development expenses to ¥13,221,376.21 in Q1 2023, compared to ¥12,702,234.34 in Q1 2022[21] - The company is increasing its R&D efforts and talent recruitment in preparation for its IPO and related projects[9] Cash Flow and Assets - The net cash flow from operating activities was negative at -¥72,915,136.40[6] - Total assets at the end of the reporting period were ¥4,105,762,806.12, a decrease of 5.94% from the end of the previous year[6] - As of March 31, 2023, the company's total current assets amounted to ¥2,195,140,311.44, a decrease from ¥2,623,762,399.57 as of December 31, 2022, representing a decline of approximately 16.3%[16] - Cash and cash equivalents decreased to ¥924,593,349.22 from ¥1,117,643,137.94, indicating a reduction of about 17.3%[16] - The ending cash and cash equivalents balance was $885.9 million, a decrease from $1.04 billion at the beginning of the quarter[26] Liabilities and Equity - Total liabilities for Q1 2023 were ¥732,417,506.96, a decrease from ¥982,622,342.38 in Q1 2022[18] - Non-current assets totaled ¥1,666,852,710.55 in Q1 2023, up from ¥1,482,000,406.55 in Q1 2022[18] Market Challenges - The company faced challenges due to a slowdown in the new energy vehicle market and increased competition, leading to a decline in sales volume[9] Future Outlook - The financial report does not indicate any new product launches or technological advancements during the quarter[14] - There are no significant mergers or acquisitions reported in the current quarter[14] - The company has not provided specific future guidance or outlook for the upcoming quarters[14] - The company is focusing on market expansion and new product development, although specific details were not disclosed in the provided data[24] Cash Flow Analysis - In Q1 2023, the cash inflow from sales was $168.1 million, a decrease of 10.6% compared to $188.1 million in Q1 2022[25] - The total cash outflow from operating activities was $269.0 million, down from $402.2 million in the same period last year, indicating a reduction of 33.1%[25] - The net cash flow from operating activities was -$72.9 million, worsening from -$60.4 million in Q1 2022[25] - Investment activities resulted in a net cash outflow of $82.1 million, compared to a net outflow of $32.7 million in Q1 2022, reflecting a significant increase of 150.5%[26] - The net cash flow from financing activities was -$1.0 million, a decline from a positive cash flow of $993.8 thousand in the previous year[26] - The company reported a significant increase in cash paid for purchasing goods and services, totaling $217.6 million, down from $243.5 million in Q1 2022[25] - Cash received from other operating activities was $28.0 million, a sharp decline from $153.7 million in the same quarter last year[25] - The company’s cash outflow for employee compensation increased to $20.0 million from $16.9 million in Q1 2022, marking a rise of 12.6%[25] Accounting Standards - The company is implementing new accounting standards starting in 2023, which may affect future financial reporting[26]