和辉光电(688538) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was RMB 84,684.91 million, representing a decrease of 16.05% compared to the same period last year[4]. - The net profit attributable to shareholders of the listed company was a loss of RMB 42,578.88 million, an increase in loss of RMB 23,693.11 million year-on-year[7]. - The net loss for Q1 2023 was reported at ¥97,516,593.86, compared to a loss of ¥63,871,864.42 in Q1 2022, indicating a worsening of 52.5%[15]. - Operating profit for Q1 2023 was -425,705,732.31 RMB, compared to -189,564,582.05 RMB in the same period last year[16]. Cash Flow - The net cash flow from operating activities was a negative RMB 10,145.17 million[4]. - Cash inflow from operating activities totaled 1,119,121,266.08 RMB, down from 1,400,351,894.16 RMB in Q1 2022, representing a decrease of approximately 20.1%[17]. - Cash outflow from operating activities was 1,220,572,951.73 RMB, compared to 1,479,069,462.89 RMB in Q1 2022, showing a reduction of about 17.5%[18]. - The net cash flow from operating activities was -101,451,685.65 RMB, worsening from -78,717,568.73 RMB in the previous year[18]. - Cash inflow from investment activities was 3,699,763,344.35 RMB, down from 5,667,795,292.46 RMB in Q1 2022, a decline of approximately 34.7%[18]. - The net cash flow from investment activities was 37,653,318.71 RMB, a significant improvement from -99,738,759.48 RMB in Q1 2022[18]. Assets and Liabilities - Total assets at the end of the reporting period were RMB 3,026,629.51 million, a decrease of 2.03% from the end of the previous year[5]. - Total assets as of March 31, 2023, were ¥30,266,295,119.73, a decrease from ¥30,893,232,346.13 at the end of 2022, representing a decline of 2.0%[14]. - The company's total liabilities decreased to ¥14,884,194,689.50 in Q1 2023 from ¥15,088,179,917.21 in Q4 2022, a reduction of 1.4%[14]. - The total equity decreased to ¥15,382,100,430.23 in Q1 2023 from ¥15,805,052,428.92 in Q4 2022, a decline of 2.7%[14]. Research and Development - Research and development expenses totaled RMB 8,641.31 million, accounting for 10.20% of operating revenue, an increase of 1.42 percentage points year-on-year[5]. - R&D expenses increased significantly to ¥52,751,180.94 in Q1 2023, compared to ¥22,918,747.98 in Q1 2022, marking a rise of 130.0%[15]. - The company continues to focus on high-intensity R&D investment to enhance competitiveness and ensure long-term advantages[8]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 152,081[9]. - Major shareholders include Shanghai Lianhe Investment Co., Ltd. with a 58.01% stake and Shanghai Integrated Circuit Industry Investment Fund with a 13.81% stake[9]. Financial Ratios - The weighted average return on net assets was -2.73%, a decrease of 1.64 percentage points year-on-year[5]. - The company reported non-recurring gains and losses totaling RMB 2,621.99 million, primarily from government subsidies and fair value changes of financial assets[6]. - The company's inventory as of March 31, 2023, was ¥1,462,618,975.46, slightly down from ¥1,488,555,522.66 at the end of 2022, a decrease of 1.7%[12]. - The company reported a significant increase in financial expenses, which rose to ¥77,871,276.03 in Q1 2023 from ¥40,267,232.77 in Q1 2022, an increase of 93.2%[15].