RAYITEK(SH:688323)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥44,707,484.37, representing a decrease of 44.66% compared to the same period last year[5] - The net profit attributable to shareholders was -¥7,603,816.40, a decline of 161.91% year-over-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥8,344,690.15, down 171.11% from the previous year[5] - The basic and diluted earnings per share were both -¥0.04, reflecting a decrease of 157.14% compared to the same period last year[6] - The company experienced a significant decline in revenue due to a contraction in the global consumer electronics market and inventory adjustments by downstream customers[8] - Net profit for Q1 2023 was a loss of ¥7,603,816.40, compared to a profit of ¥12,281,757.37 in Q1 2022, representing a significant decline[18] - Operating profit for Q1 2023 was a loss of ¥7,609,318.89, compared to a profit of ¥13,782,270.81 in Q1 2022[17] - Basic and diluted earnings per share for Q1 2023 were both -¥0.04, compared to ¥0.07 in Q1 2022[18] Cash Flow and Liquidity - The net cash flow from operating activities was ¥15,722,523.14, an increase of 7.81% year-over-year[6] - In Q1 2023, the cash inflow from operating activities was CNY 65,669,159.94, an increase of 14.8% compared to CNY 57,530,668.09 in Q1 2022[21] - The net cash flow from operating activities was CNY 15,722,523.14, up from CNY 14,583,791.57 in the same period last year[21] - Cash outflow for investing activities was CNY 40,001,830.48, significantly lower than CNY 103,553,542.04 in Q1 2022[22] - The net cash flow from investing activities was -CNY 40,001,830.48, compared to -CNY 103,553,542.04 in the previous year[22] - The net cash flow from financing activities was -CNY 22,687,554.06, a decrease from CNY 29,743,127.36 in Q1 2022[22] - The total cash and cash equivalents at the end of Q1 2023 were CNY 222,090,678.39, up from CNY 128,144,587.89 at the end of Q1 2022[22] - The company experienced a net decrease in cash and cash equivalents of CNY 46,962,705.79 in Q1 2023, compared to a decrease of CNY 59,118,028.33 in Q1 2022[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,302,740,448.35, a decrease of 0.60% from the end of the previous year[6] - The company's current assets totaled RMB 441,088,611.46, down from RMB 482,929,354.12 at the end of 2022, indicating a decrease of approximately 8.7%[14] - Cash and cash equivalents were reported at RMB 223,776,975.03, a decrease of 17.3% from RMB 270,746,346.38 at the end of 2022[13] - Accounts receivable decreased to RMB 62,216,347.56 from RMB 71,203,984.13, reflecting a decline of about 12.8%[13] - Inventory increased to RMB 80,937,182.86, up from RMB 68,992,323.98, representing a growth of approximately 17.3%[14] - Non-current assets totaled RMB 1,861,651,836.89, slightly up from RMB 1,833,677,224.18, indicating a growth of about 1.5%[14] - The total liabilities as of Q1 2023 were ¥1,278,779,469.55, slightly down from ¥1,285,043,936.58 in Q1 2022[17] - The total equity attributable to shareholders was ¥1,023,960,978.80 in Q1 2023, compared to ¥1,031,562,641.72 in Q1 2022[17] Research and Development - Research and development expenses totaled ¥7,694,653.55, which is 17.21% of operating revenue, an increase of 9.48 percentage points from the previous year[6] - Research and development expenses increased to ¥7,694,653.55 in Q1 2023, up from ¥6,242,951.26 in Q1 2022, indicating a focus on innovation[17] - The company plans to continue focusing on R&D and product development to improve its market position despite current challenges[8] Other Information - The company has not disclosed any new product developments or market expansion strategies in the current report[12] - The company reported a credit impairment loss of ¥471,387.07 in Q1 2023, compared to a gain of -¥96,764.88 in Q1 2022[17] - The cash flow statement for Q1 2023 indicates ongoing financial challenges, with further details to be analyzed[20]