CHIPPACKING(SH:688216)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥95,927,426.22, representing a decrease of 24.12% compared to the same period last year[6]. - The net profit attributable to shareholders was a loss of ¥33,632,281.61, with a significant decline in performance[6]. - In Q1 2023, the company's revenue decreased by 24.12% year-on-year, with a net profit attributable to shareholders of -33.63 million RMB[13]. - Net loss for Q1 2023 was ¥33,640,585.46, compared to a net loss of ¥6,108,365.96 in Q1 2022, representing a significant increase in losses[20]. - Basic and diluted earnings per share for Q1 2023 were both -¥0.32, compared to -¥0.06 in Q1 2022[20]. Cash Flow - The net cash flow from operating activities was negative at ¥12,763,713.41, reflecting a decrease of 129.70% year-on-year[6]. - Cash flow from operating activities for Q1 2023 was negative at -¥12,763,713.41, compared to positive cash flow of ¥42,982,521.85 in Q1 2022[21]. - Cash inflow from operating activities totaled ¥126,664,537.65 in Q1 2023, down 24.3% from ¥167,379,609.12 in Q1 2022[21]. - Cash outflow from operating activities increased to ¥139,428,251.06 in Q1 2023, compared to ¥124,397,087.27 in Q1 2022[21]. - The net cash flow from investing activities was -83,176,706.93 RMB, compared to a positive cash flow of 3,250,672.40 RMB in the previous year[22]. - The net cash flow from financing activities was 43,068,009.72 RMB, a significant improvement from a negative cash flow of -20,948,137.13 RMB in the same period last year[22]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,793,481,243.84, a slight increase of 0.30% from the end of the previous year[7]. - The company's total assets amounted to 1.79 billion RMB as of March 31, 2023, slightly up from 1.79 billion RMB at the end of 2022[15]. - Total current assets decreased from 441.52 million RMB at the end of 2022 to 425.79 million RMB as of March 31, 2023[15]. - Total liabilities as of Q1 2023 were ¥939,146,656.12, up from ¥898,300,657.74 in Q1 2022[19]. - Long-term borrowings increased to ¥157,300,000.00 in Q1 2023 from ¥107,840,000.00 in Q1 2022, indicating a rise in financial leverage[19]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 8,088[10]. - The largest shareholder, Liang Dazhong, holds 48.13% of the shares, totaling 51,150,000 shares[10]. - Total equity attributable to shareholders decreased to ¥854,042,891.57 in Q1 2023 from ¥889,487,128.67 in Q1 2022[19]. Industry Context - The company is facing challenges due to macroeconomic factors and industry cyclicality, leading to a decline in sales prices and operating revenue[8]. - The domestic integrated circuit production volume was 72.2 billion units in Q1 2023, a year-on-year decline of 14.8%[12]. - China's total integrated circuit imports fell by 22.9% year-on-year to 108.2 billion units, with an import value of 78.5 billion USD, down 26.7% compared to the same period last year[12]. - The company reported a potential risk of continued losses if the integrated circuit industry remains sluggish[13]. Inventory and Receivables - The company's inventory increased from 113.08 million RMB at the end of 2022 to 143.62 million RMB as of March 31, 2023[14]. - The company's accounts receivable decreased from 100.62 million RMB at the end of 2022 to 87.72 million RMB as of March 31, 2023[14]. Accounting Policies - The company implemented a new accounting policy effective January 1, 2023, impacting the recognition of deferred tax assets and liabilities[23].