富创精密(688409) - 2023 Q1 - 季度财报

Financial Performance - The total operating revenue for Q1 2023 was CNY 341,395,501.72, representing a year-on-year increase of 21.72% compared to CNY 280,467,140.16 in Q1 2022[4] - The net profit attributable to shareholders of the listed company was CNY 39,388,111.47, showing a decrease of 3.46% from the previous year[4] - The net profit after deducting non-recurring gains and losses was CNY 3,638,614.28, a significant decline of 88.14% compared to the same period last year[4] - The total comprehensive income for the current period is approximately ¥39.00 million, slightly up from ¥38.73 million in the previous period, indicating a growth of 0.69%[20] - Basic earnings per share for the current period is ¥0.19, down from ¥0.26 in the previous period, representing a decline of 26.92%[20] - Net profit for the current period was 38,621,889.28, slightly down from 38,821,911.67 in the previous period, indicating a decrease of about 0.5%[51] Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -97,081,512.78, reflecting a decrease of 24,270.49% year-on-year[4] - The net cash flow from operating activities for the current period is approximately -¥97.08 million, a significant decline from ¥401.65 thousand in the previous period[22] - Cash and cash equivalents decreased to CNY 1,516,478,344.39 from CNY 1,989,493,857.40 at the end of 2022[15] - Cash and cash equivalents at the end of the period were CNY 1,492,530,472.93, down from CNY 1,959,821,923.96, representing a decrease of approximately 23.8%[43] - The company reported a net cash flow from financing activities of CNY 97,427,192.83, down from CNY 120,860,373.24[43] Assets and Liabilities - The total assets at the end of the reporting period are approximately ¥6.77 billion, an increase of 2.01% from ¥6.64 billion at the end of the previous year[28] - Total assets increased to CNY 6,773,704,501.01, up from CNY 6,640,477,308.74, reflecting a growth of approximately 2%[37] - Total liabilities increased to CNY 893,156,526.50 from CNY 844,637,397.02, marking an increase of about 5.7%[37] - The company’s intangible assets decreased to CNY 135,058,872.10 from CNY 139,011,104.17, a decline of about 2.9%[37] - Total liabilities reached RMB 1,871,599,969.11, with current liabilities at RMB 844,637,397.02 and non-current liabilities at RMB 1,026,962,572.09[47] Research and Development - Research and development expenses totaled CNY 88.25 million, indicating an increase due to higher investment in R&D personnel and materials[9] - Research and development expenses totaled approximately ¥37.63 million, accounting for 11.02% of operating revenue, which is an increase of 3.89 percentage points compared to the previous period[28] - Research and development expenses increased significantly to 37,634,797.41, up from 19,991,602.89, representing an increase of approximately 88.5%[51] Operational Metrics - The total operating costs for Q1 2023 were CNY 331,548,025.53, up from CNY 239,113,348.53 in Q1 2022[18] - Inventory increased to CNY 700,028,964.18, compared to CNY 533,180,688.72 in the previous year[15] - The company reported a significant increase in accounts receivable, totaling CNY 503,372,694.43, down from CNY 531,134,672.76 in the previous year[15] - The company has increased its cash inflow from sales of goods and services to approximately ¥300.45 million, up from ¥233.76 million in the previous period, reflecting a growth of 28.5%[22] Strategic Initiatives - The company plans to continue expanding its R&D efforts and enhancing product offerings to drive future growth[9] - The company is focusing on market expansion and new product development as part of its strategic initiatives[49]