昀冢科技(688260) - 2023 Q1 - 季度财报

Important Reminders - The company's board of directors, supervisory board, and senior management guarantee the truthfulness, accuracy, and completeness of the quarterly report content and assume legal responsibility [2] - The company's principal officer, head of accounting, and head of accounting department guarantee the truthfulness, accuracy, and completeness of the financial information in the quarterly report [3] - The financial statements for the first quarter of this reporting period are unaudited [4] Key Financial Data Key Accounting Data and Financial Indicators Q1 2023 saw a 28.21% revenue decline, net profit attributable to shareholders drop to -29.82 million yuan, and negative operating cash flow, despite increased R&D investment Key Accounting Data and Financial Indicators for Q1 2023 (Year-on-Year) | Item | Amount for Current Period (yuan) | Year-on-Year Change (%) | | :--- | :--- | :--- | | Operating Revenue | 90,195,566.92 | -28.21 | | Net Profit Attributable to Shareholders of the Listed Company | -29,824,112.70 | -615.73 | | Net Profit Attributable to Shareholders of the Listed Company After Deducting Non-Recurring Gains and Losses | -31,901,589.27 | -726.44 | | Net Cash Flow from Operating Activities | -18,329,686.34 | -535.00 | | Basic Earnings Per Share (yuan/share) | -0.2485 | -615.63 | | Diluted Earnings Per Share (yuan/share) | -0.2440 | -606.28 | | Weighted Average Return on Net Assets (%) | -6.87 | -7.98 | | Total R&D Investment | 17,038,408.64 | 50.20 | | R&D Investment as a Percentage of Operating Revenue (%) | 18.89 | 9.86 | Balance Sheet Indicators at End of Q1 2023 (Compared to End of Previous Year) | Item | Amount at End of Current Period (yuan) | Amount at End of Previous Year (yuan) | Change from End of Previous Year (%) | | :--- | :--- | :--- | :--- | | Total Assets | 1,419,026,083.69 | 1,330,220,338.32 | 6.68 | | Total Equity Attributable to Shareholders of the Listed Company | 421,040,537.63 | 447,395,530.08 | -5.89 | Non-Recurring Gains and Losses Items and Amounts During the reporting period, the company's total non-recurring gains and losses amounted to 2.08 million yuan, primarily from government grants, non-current asset disposal gains/losses, and fair value changes of financial assets Non-Recurring Gains and Losses Items and Amounts for Q1 2023 | Item | Amount for Current Period (yuan) | | :--- | :--- | | Gains and Losses from Disposal of Non-Current Assets | -748,613.51 | | Government Grants Recognized in Current Profit or Loss | 3,851,554.98 | | Gains and Losses from Changes in Fair Value of Financial Assets and Investment Income from Disposal | -443,260.17 | | Other Non-Operating Income and Expenses | 15,254.05 | | Less: Income Tax Impact | 588,895.73 | | Impact on Minority Interests (After Tax) | 8,563.05 | | Total | 2,077,476.57 | Changes in Key Accounting Data and Financial Indicators and Their Reasons Net profit, operating cash flow, and EPS significantly declined due to decreased orders and high fixed costs, while R&D investment grew by 50.20% in new areas like automotive electronics - Net profit attributable to shareholders, net profit after deducting non-recurring gains and losses, net cash flow from operating activities, basic earnings per share, and diluted earnings per share significantly decreased, primarily due to a decline in company orders and a high proportion of fixed costs [8] - Total R&D investment increased by 50.20%, mainly due to increased R&D investment in new areas such as automotive electronics and electronic ceramics [8] Shareholder Information Total Number of Common Shareholders, Preferred Shareholders with Restored Voting Rights, and Top Ten Shareholders' Shareholding Status As of the reporting period end, the company had 4,324 common shareholders; Wang Bin is the largest shareholder with 10.99% stake, acting in concert with several enterprise management consulting partnerships - The total number of common shareholders at the end of the reporting period was 4,324 [10] Top 10 Shareholders' Shareholding Status | Shareholder Name | Shareholder Nature | Number of Shares Held (shares) | Shareholding Percentage (%) | Number of Restricted Shares Held (shares) | | :--- | :--- | :--- | :--- | :--- | | Wang Bin | Domestic Natural Person | 13,183,740 | 10.99 | 13,183,740 | | Suzhou Yunyi Enterprise Management Consulting Partnership (Limited Partnership) | Other | 10,206,630 | 8.51 | 10,206,630 | | Suzhou Yun'er Enterprise Management Consulting Partnership (Limited Partnership) | Other | 10,206,630 | 8.51 | 10,206,630 | | Suzhou Yunsan Enterprise Management Consulting Partnership (Limited Partnership) | Other | 9,781,290 | 8.15 | 9,781,290 | | Suzhou Yunsi Enterprise Management Consulting Partnership (Limited Partnership) | Other | 8,505,450 | 7.09 | 8,505,450 | | Zheng Xiangchao | Domestic Natural Person | 5,631,134 | 4.69 | 0 | | Yili Suxin Investment Fund Partnership (Limited Partnership) | Other | 4,239,990 | 3.53 | 0 | | Suzhou Tianchan Zhizao Equity Investment Partnership (Limited Partnership) | Other | 3,322,440 | 2.77 | 0 | | Fang Hao | Domestic Natural Person | 2,126,340 | 1.77 | 0 | | Gan Ziying | Domestic Natural Person | 2,126,340 | 1.77 | 0 | - Wang Bin is the general partner and executive partner of Suzhou Yunyi, Yun'er, Yunsan, and Yunsi Enterprise Management Consulting Partnerships, forming an acting-in-concert relationship; Gan Ziying is the general partner and executive partner of Suzhou Yunliu Enterprise Management Consulting Partnership, forming an acting-in-concert relationship; Wang Yuan is the general partner and executive partner of Suzhou Yunwu Enterprise Management Consulting Partnership, forming an acting-in-concert relationship [12] Other Reminders - The company has no other significant operating information for the reporting period that requires investor attention [13] Quarterly Financial Statements Type of Audit Opinion The financial statements for this quarter are unaudited - The financial statements for this quarter are unaudited [13] Financial Statements This section presents the company's unaudited consolidated financial statements for Q1 2023, detailing financial position, operating results, and cash flows, reflecting increased assets and liabilities, a net loss, and negative operating cash flow Consolidated Balance Sheet As of March 31, 2023, total assets increased by 6.68% to 1.419 billion yuan, total liabilities rose by 12.91% to 1.029 billion yuan, and equity attributable to the parent company decreased by 5.89% Consolidated Balance Sheet Key Data (As of March 31, 2023) | Item | March 31, 2023 (yuan) | December 31, 2022 (yuan) | Change (%) | | :--- | :--- | :--- | :--- | | Cash and Cash Equivalents | 77,008,547.66 | 28,408,544.92 | 171.08 | | Notes Receivable | 50,289,627.03 | 83,396,029.64 | -39.69 | | Accounts Receivable | 153,183,189.15 | 178,108,305.05 | -14.00 | | Inventories | 125,436,118.37 | 106,473,852.01 | 17.81 | | Total Current Assets | 487,227,249.58 | 457,016,094.65 | 6.61 | | Fixed Assets | 183,855,190.66 | 193,890,841.38 | -5.28 | | Construction in Progress | 462,607,465.51 | 395,977,801.63 | 16.83 | | Total Non-Current Assets | 931,798,834.11 | 873,204,243.66 | 6.71 | | Total Assets | 1,419,026,083.69 | 1,330,220,338.32 | 6.68 | | Short-Term Borrowings | 424,862,260.10 | 396,193,284.82 | 7.23 | | Accounts Payable | 141,069,253.91 | 200,983,471.56 | -29.79 | | Total Current Liabilities | 668,348,053.74 | 710,814,052.10 | -5.97 | | Long-Term Borrowings | 281,180,979.30 | 108,568,701.45 | 159.00 | | Total Non-Current Liabilities | 361,015,256.59 | 200,859,673.08 | 79.74 | | Total Liabilities | 1,029,363,310.33 | 911,673,725.18 | 12.91 | | Total Equity Attributable to Owners of the Parent Company | 421,040,537.63 | 447,395,530.08 | -5.89 | | Total Equity | 389,662,773.35 | 418,546,613.15 | -6.90 | Consolidated Income Statement In Q1 2023, total operating revenue decreased by 28.21% to 90.20 million yuan; total operating costs rose to 129.49 million yuan due to increased administrative and R&D expenses, resulting in a net loss of -29.82 million yuan attributable to parent company shareholders Consolidated Income Statement Key Data (Q1 2023) | Item | Q1 2023 (yuan) | Q1 2022 (yuan) | Year-on-Year Change (%) | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 90,195,566.92 | 125,645,397.05 | -28.21 | | Total Operating Costs | 129,489,496.80 | 126,095,575.57 | 2.69 | | Operating Costs | 80,277,230.59 | 93,525,465.20 | -14.16 | | Administrative Expenses | 19,432,747.15 | 9,233,290.61 | 110.46 | | R&D Expenses | 17,038,408.64 | 11,344,018.01 | 50.20 | | Financial Expenses | 6,355,558.28 | 4,572,038.42 | 38.99 | | Other Income | 3,852,667.84 | 514,993.85 | 647.99 | | Asset Impairment Losses | -3,903,762.39 | 51,860.88 | -7626.00 | | Operating Profit | -38,520,358.90 | 2,184,584.84 | -1863.70 | | Total Profit | -39,256,471.90 | 1,711,489.13 | -2393.60 | | Net Profit | -32,352,960.05 | 4,854,290.33 | -766.40 | | Net Profit Attributable to Owners of the Parent Company | -29,824,112.70 | 5,782,931.82 | -615.73 | Consolidated Cash Flow Statement In Q1 2023, net cash flow from operating activities was -18.33 million yuan, a significant year-on-year decrease; net cash flow from investing activities was -147.87 million yuan due to increased capital expenditures; net cash flow from financing activities was 214.85 million yuan, driven by a substantial increase in borrowings Consolidated Cash Flow Statement Key Data (Q1 2023) | Item | Q1 2023 (yuan) | Q1 2022 (yuan) | Year-on-Year Change (%) | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -18,329,686.34 | 4,213,739.99 | -535.00 | | Net Cash Flow from Investing Activities | -147,874,966.93 | -30,385,858.30 | -386.60 | | Net Cash Flow from Financing Activities | 214,848,742.76 | 46,155,877.04 | 365.48 | | Net Increase in Cash and Cash Equivalents | 48,606,153.56 | 19,983,758.73 | 143.23 | | Cash and Cash Equivalents at End of Period | 75,336,644.21 | 60,096,525.42 | 25.36 | - Cash paid for the acquisition of fixed assets, intangible assets, and other long-term assets increased from 62.59 million yuan in the same period last year to 148 million yuan [24] - Cash received from borrowings increased from 93.23 million yuan in the same period last year to 325 million yuan [25]