普源精电(688337) - 2023 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2023 was CNY 156,518,215.69, representing a year-on-year increase of 34.17%[5] - The net profit attributable to shareholders for Q1 2023 was CNY 23,146,706.58, a significant increase of 440.92% compared to the same period last year[8] - The net profit after deducting non-recurring gains and losses was CNY 13,026,894.33, reflecting a year-on-year growth of 1,929.97%[9] - The gross profit margin improved to 54.23%, an increase of 0.36 percentage points year-on-year, with the gross margin for digital oscilloscopes reaching 56.73%, up 6.92 percentage points[10] - Total operating revenue for Q1 2023 reached ¥156,518,215.69, a 34.2% increase from ¥116,656,197.06 in Q1 2022[23] - Operating profit for Q1 2023 was ¥24,476,428.40, significantly up from ¥4,376,247.41 in Q1 2022, marking a 460.5% increase[24] - Net profit for Q1 2023 was ¥23,146,706.58, compared to ¥4,279,100.05 in Q1 2022, representing a 441.5% increase[25] - The company reported a total comprehensive income of ¥23,943,381.66 for Q1 2023, compared to ¥4,279,100.05 in Q1 2022, a significant increase[25] Research and Development - R&D expenses totaled CNY 30,414,533.34, accounting for 19.43% of revenue, a decrease of 2.86 percentage points year-on-year[6] - Research and development expenses increased to ¥30,414,533.34 in Q1 2023 from ¥25,997,771.67 in Q1 2022, reflecting a 17.5% rise[24] Sales Performance - The company experienced a 53.32% increase in domestic sales revenue year-on-year, driven by favorable domestic policies and a robust direct sales strategy[7] - The overseas sales revenue growth rate improved by 15.88 percentage points year-on-year, indicating a recovery in international markets[7] Earnings Per Share - The basic and diluted earnings per share for Q1 2023 were both CNY 0.19, reflecting a substantial increase of 280.00% year-on-year[6] - Basic earnings per share for Q1 2023 were ¥0.19, compared to ¥0.05 in Q1 2022, showing a 280% increase[25] Cash Flow and Liquidity - The net cash flow from operating activities was CNY 876,647.46, a decrease of 80.41% compared to the previous year, primarily due to increased cash outflows for raw material procurement[14] - Cash flow from operating activities for Q1 2023 is yet to be detailed, but it is crucial for assessing liquidity[26] - Net cash inflow from operating activities totaled $876,647.46, a decrease of 80.4% compared to $4.47 million in the same period last year[27] - The ending balance of cash and cash equivalents was $192.71 million, down from $297.97 million at the beginning of the period, reflecting a net decrease of $105.26 million[28] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,943,239,017.95, an increase of 5.53% from the end of the previous year[6] - Total assets as of Q1 2023 amounted to ¥2,943,239,017.95, up from ¥2,788,982,047.08 in Q1 2022, indicating a growth of 5.5%[22] - Total liabilities increased to ¥349,629,049.14 in Q1 2023 from ¥225,294,799.08 in Q1 2022, a rise of 55.3%[22] Shareholder Information - Total number of common shareholders at the end of the reporting period is 3,507[16] - The largest shareholder, Suzhou Puyuan Precision Electric Investment Co., Ltd., holds 43,200,000 shares, accounting for 35.61% of total shares[16] - The company’s major shareholders include Wang Yuel, who directly holds 7,776,000 shares (6.41%) and is considered the actual controller[18] Cash and Investments - The company reported cash and cash equivalents of ¥192,709,895.38 as of March 31, 2023, down from ¥301,565,406.58 at the end of 2022, a decrease of approximately 36%[20] - Cash inflow from investment activities was $924.64 million, significantly higher than $157.50 million in Q1 2022, indicating a year-over-year increase of approximately 485.5%[28] - Cash outflow for investment activities reached $1.16 billion, compared to $144.10 million in Q1 2022, resulting in a net cash outflow of $236.60 million from investment activities[28] - The company reported a significant increase in cash received from investment recoveries, totaling $918 million compared to $155 million in the prior year[27] Other Financial Metrics - Deferred tax assets increased to ¥14,568,409.68 in Q1 2023 from ¥14,110,641.19 in Q1 2022, reflecting a growth of 3.2%[21] - Employee compensation payments increased to $49.57 million from $43.24 million, marking a rise of approximately 14.5% year-over-year[27] - Tax payments made during the quarter were $6.05 million, up from $5.24 million, indicating an increase of about 15.5% compared to the same period last year[27]