Financial 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[5] - The net profit attributable to shareholders was a loss of ¥33,632,281.61, with a significant decline in performance[5] - The net cash flow from operating activities was negative at ¥12,763,713.41, reflecting a decrease of 129.70% year-on-year[5] - In Q1 2023, the company reported a revenue decline of 24.12% year-on-year, with a net loss attributable to shareholders of RMB -33.63 million[13] - Net loss for Q1 2023 was ¥33,640,585.46, compared to a net loss of ¥6,108,365.96 in Q1 2022, indicating 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[21] - The company reported a total comprehensive income of -¥6,108,241.93 for the quarter, consistent with the net profit figure[30] Cash Flow and Liquidity - Cash inflow from operating activities totaled ¥126,664,537.65 in Q1 2023, down from ¥167,379,609.12 in Q1 2022, a decrease of 24.3%[22] - Cash paid for goods and services in Q1 2023 was ¥83,071,991.89, an increase from ¥63,112,479.50 in Q1 2022, reflecting a rise of 31.6%[22] - The company's cash and cash equivalents were RMB 106.46 million as of March 31, 2023, down from RMB 153.15 million at the end of 2022[14] - Cash and cash equivalents at the end of Q1 2023 totaled $55.54 million, a decrease from $117.94 million at the end of Q1 2022, indicating liquidity challenges[24] - The company reported a total cash outflow of $139.43 million from operating activities, compared to $124.40 million in the same period last year, indicating increased operational costs[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,774,443,654.97, a decrease of 0.76% from the end of the previous year[6] - The company's total current assets decreased from RMB 441.52 million at the end of 2022 to RMB 406.73 million as of March 31, 2023[15] - The total assets of the company decreased slightly from RMB 1.79 billion at the end of 2022 to RMB 1.77 billion as of March 31, 2023[15] - The company's total liabilities as of Q1 2023 were ¥920,111,554.36, compared to ¥898,270,683.17 in the previous year, showing an increase of 2.3%[19] - Total liabilities amounted to ¥898,270,683.17, with current liabilities at ¥712,162,784.95 and non-current liabilities at ¥186,107,898.22[28] 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, amounting to 51,150,000 shares[10] - Total equity attributable to shareholders was ¥854,040,404.46 in Q1 2023, down from ¥889,489,615.78 in Q1 2022, a decrease of 4.0%[19] - The total equity attributable to shareholders was ¥889,489,615.78, with total equity including minority interests at ¥889,786,512.24[28] Industry and Market Conditions - The company is currently facing challenges due to macroeconomic factors and industry cyclicality, impacting sales prices and revenue[8] - The domestic integrated circuit production volume was 72.2 billion units in Q1 2023, a year-on-year decrease 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 USD 78.5 billion, down 26.7% compared to the same period last year[12] - The company warns of potential continued losses if the integrated circuit industry remains sluggish[13] Financial Adjustments and Policies - The company implemented a new accounting policy effective January 1, 2023, which impacted the recognition of deferred tax assets and liabilities[24] - The total assets as of January 1, 2023, were adjusted to $1.788 billion, reflecting changes due to the new accounting standards[26] - The company's net profit for Q1 2023 was reported at -¥6,108,241.93, reflecting a slight decrease of ¥124.03 compared to the previous period[30] - The deferred income tax liabilities were recorded at ¥3,702,028.68, showing a minor adjustment of ¥29,974.57[28]
气派科技(688216) - 2023 Q1 - 季度财报