FHEC(SH:688362)2023-12-14 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥424,645,413.14, representing a year-on-year decrease of 26.85%[5] - The net profit attributable to shareholders was a loss of ¥49,869,944.15, a decline of 170.04% compared to the same period last year[5] - The net cash flow from operating activities was a negative ¥1,017,056.85, reflecting a decrease of 100.68%[5] - Total operating revenue for Q1 2023 was ¥424,645,413.14, a decrease of 26.9% compared to ¥580,552,887.10 in Q1 2022[22] - Net profit for Q1 2023 was a loss of ¥57,739,988.14, compared to a profit of ¥71,199,447.56 in Q1 2022[23] - The company reported a gross margin of -18.3% in Q1 2023, compared to a positive margin in Q1 2022[22] - Basic and diluted earnings per share for Q1 2023 were both -¥0.12, down from ¥0.20 in Q1 2022[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥9,113,122,939.34, up 9.55% from the end of the previous year[6] - The company's current assets totaled RMB 2,014,471,601.71, up from RMB 1,785,153,620.77 at the end of 2022, indicating an increase of about 12.81%[17] - Cash and cash equivalents amounted to RMB 1,088,831,293.76, compared to RMB 986,499,486.41 at the end of 2022, reflecting a growth of approximately 10.39%[16] - The company's total liabilities increased to ¥5,826,077,036.82 in Q1 2023, up from ¥5,373,914,178.40 in Q1 2022[19] - Total equity increased to ¥3,287,045,902.52 in Q1 2023, compared to ¥2,944,785,890.66 in Q1 2022[19] - Long-term borrowings rose to ¥1,660,131,889.37 in Q1 2023, compared to ¥1,084,149,871.46 in Q1 2022, indicating increased leverage[19] Cash Flow - The net cash flow from operating activities was -$1,017,056.85, a significant decrease compared to $148,743,824.42 in the previous period[27] - Total cash inflow from financing activities reached $1,120,000,000.00, up from $369,900,000.00 in the prior period[28] - The net cash flow from financing activities was $778,975,378.58, compared to $179,500,267.00 previously[28] - Cash and cash equivalents at the end of the period totaled $1,006,082,367.05, an increase from $356,373,800.21[28] - The company reported cash received from other operating activities amounting to $52,473,296.12, compared to $11,465,395.20 in the previous period[27] - Cash outflow for purchasing goods and services was $209,417,505.37, down from $341,725,453.43[27] - The company incurred cash outflows for financing activities totaling $341,024,621.42, compared to $190,399,733.00 previously[28] - The cash flow from investment activities was -$629,177,247.26, compared to -$262,440,547.87 in the prior period[27] Expenses - Research and development expenses totaled ¥28,128,058.78, accounting for 6.62% of operating revenue, which is an increase of 1.65 percentage points year-on-year[6] - The company experienced a significant increase in management expenses, which rose by 75.06% year-on-year due to the expansion of personnel and ongoing project costs[6] - Research and development expenses for Q1 2023 were ¥28,128,058.78, slightly down from ¥28,839,897.15 in Q1 2022[22] Market Conditions and Future Outlook - The company is facing a challenging market environment, with overall demand in the semiconductor industry remaining weak and customers adjusting their inventory levels[6] - The company is advancing its Phase II project, which is expected to contribute to future growth despite current financial challenges[6] - The company is focusing on expanding its market presence and developing new technologies, although specific figures were not disclosed in the report[15] - The company has not provided specific guidance for future performance in this report, indicating a cautious outlook[15] - The report does not mention any new product launches or acquisitions during the quarter[15]