昀冢科技(688260) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was ¥90,195,566.92, representing a decrease of 24.47% compared to the same period last year[5]. - The net profit attributable to shareholders was -¥29,824,112.70, a significant decline of 615.73% year-over-year[5]. - Total revenue for Q1 2023 was CNY 90,195,566.92, a decrease of 24.5% compared to CNY 119,418,923.86 in Q1 2022[20]. - Net profit for Q1 2023 was a loss of CNY 32,352,960.05, compared to a profit of CNY 4,854,290.33 in Q1 2022[21]. - The total comprehensive income for the first quarter of 2023 was -32,352,960.05 RMB, compared to 4,854,290.33 RMB in the same period of 2022[22]. Cash Flow and Liquidity - The cash flow from operating activities was -¥18,329,686.34, reflecting a decrease of 535.00% year-over-year[6]. - Cash inflow from operating activities was 89,398,099.37 RMB, down 30% from 127,591,673.35 RMB in Q1 2022[24]. - Net cash flow from operating activities was -18,329,686.34 RMB, a significant decline from 4,213,739.99 RMB in the previous year[24]. - The ending balance of cash and cash equivalents was 75,336,644.21 RMB, up from 60,096,525.42 RMB at the end of Q1 2022[25]. - The company reported a significant increase in cash received from borrowings, totaling 324,803,365.39 RMB, compared to 93,230,231.24 RMB in the previous year[25]. - The company incurred a cash outflow of 105,014,032.74 RMB for debt repayment, which is significantly higher than 45,000,000.00 RMB in Q1 2022[25]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,428,675,469.43, an increase of 7.89% from the end of the previous year[6]. - Total liabilities rose to CNY 1,039,012,696.07 in Q1 2023, compared to CNY 905,594,079.17 in Q1 2022, marking an increase of 14.7%[19]. - The company's total assets increased to CNY 1,428,675,469.43 in Q1 2023, up from CNY 1,324,140,692.31 in Q1 2022, reflecting a growth of 7.9%[20]. - The total equity attributable to shareholders decreased to CNY 421,040,537.63 in Q1 2023 from CNY 447,395,530.08 in Q1 2022, a decline of 5.9%[20]. Research and Development - The R&D investment totaled ¥17,038,408.64, an increase of 50.20% compared to the previous year, accounting for 18.89% of operating revenue, up 9.39 percentage points[6]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 4,324[14]. - The top shareholder, Wang Bin, holds 10.99% of shares, totaling 13,183,740 shares[14]. - The company has a significant reliance on a few major shareholders, with the top ten shareholders holding a combined total of 58.01% of shares[14]. Operational Challenges - The company reported a significant increase in management expenses, totaling ¥19,432,747.15, which is up 110.46% year-over-year[10]. - The company experienced a substantial increase in inventory write-offs, which rose by 13,472.59% year-over-year[10]. - The company reported a significant decline in gross margin for Q1 2023, primarily due to decreased margins in CMI parts, metal insert molded parts, and pure plastic parts, with negative margins in winding and assembly products increasing[16]. - The company remained in a loss position in Q1 2023, impacted by a downturn in the consumer electronics industry, reduced order volume, high fixed costs, and increased period expenses[16]. - The company faces risks of continued gross margin decline if it cannot enhance the market competitiveness of high-value-added products and effectively optimize production processes to reduce costs[16]. - The company is at risk of further performance decline if customer expansion does not meet expectations or if production cost optimization is ineffective[16]. Inventory and Receivables - The company had an order backlog of ¥125,698,600 as of March 31, 2023, with major orders in consumer electronics and automotive electronics[12]. - Accounts receivable decreased to ¥153,183,189.15 from ¥178,108,305.05 at the end of 2022, indicating a reduction in outstanding customer payments[17]. - Inventory levels increased to CNY 125,436,118.37 in Q1 2023, up from CNY 106,473,852.01 in Q1 2022, indicating a rise of 17.8%[18].