明冠新材(688560) - 2023 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2023 was CNY 401,127,650.03, representing a year-on-year increase of 4.65%[4]. - Total operating revenue for Q1 2023 was CNY 401,127,650.03, an increase of 4.5% compared to CNY 383,319,305.98 in Q1 2022[19]. - Net profit for Q1 2023 was CNY 19,120,769.64, a decrease of 42.8% from CNY 33,415,070.86 in Q1 2022[20]. - Net profit attributable to shareholders decreased by 41.84% to CNY 19,427,040.61, primarily due to a decline in gross margin from the sluggish sales prices of the backplane[4][7]. - The company reported a decrease in net profit after deducting non-recurring items by 44.15%[4][7]. - The comprehensive income total of CNY 18,820,116.18 for Q1 2023, down from CNY 33,523,230.96 in Q1 2022[21]. Earnings and Shares - The basic and diluted earnings per share both fell by 50.00% to CNY 0.10, influenced by the increase in share capital from a non-public offering and the overall industry impact[4][7]. - Basic and diluted earnings per share for Q1 2023 were both CNY 0.10, down from CNY 0.20 in Q1 2022[21]. - The total number of ordinary shareholders at the end of the reporting period was 11,597[9]. - The company reported a total of 51 million shares held by the largest shareholder, Yan Hongjia, accounting for 25.3% of the total shares[10]. - The top ten shareholders collectively held a significant portion of the company's shares, with the largest shareholder holding 51 million shares[10]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -74,476,251.63, attributed to increased inventory and higher raw material payments[4][7]. - The net cash flow from operating activities was -$74.48 million, a decrease from -$17.97 million in the previous year[23]. - Total cash inflow from operating activities was $350.71 million, while cash outflow was $425.19 million, resulting in a net cash outflow of $74.48 million[23]. - The company's cash and cash equivalents were reported at RMB 1.21 billion, down from RMB 1.84 billion, indicating a decrease of approximately 34.2%[13]. - The total cash and cash equivalents at the end of the period were $1.21 billion, down from $1.84 billion at the beginning of the period[24]. - The company reported a significant increase in cash paid for purchasing goods and services, totaling $397.12 million, compared to $359.37 million in the previous year[23]. - The cash paid to employees decreased to $17.16 million from $20.33 million year-over-year[23]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,739,326,828.42, a slight decrease of 0.27% compared to the end of the previous year[5]. - Total assets as of Q1 2023 were CNY 3,739,326,828.42, slightly down from CNY 3,749,275,141.50 at the end of the previous quarter[16]. - Total liabilities as of Q1 2023 were CNY 580,609,559.87, a decrease from CNY 599,304,197.58 in the previous quarter[16]. - Total equity attributable to shareholders was CNY 3,145,885,755.04, an increase from CNY 3,136,833,159.44 in the previous quarter[16]. - As of March 31, 2023, the company's total current assets amounted to approximately RMB 2.99 billion, a decrease from RMB 3.05 billion as of December 31, 2022, representing a decline of about 1.5%[13]. Research and Development - Research and development expenses totaled CNY 12,333,697.05, accounting for 3.07% of revenue, down by 0.93 percentage points[5]. - Research and development expenses for Q1 2023 were CNY 12,333,697.05, down 19.5% from CNY 15,331,799.82 in Q1 2022[20]. - The company has not disclosed any significant new product developments or technological advancements during this reporting period[12]. Other Financial Metrics - The weighted average return on equity was 0.62%, a decrease of 1.71 percentage points[4]. - Non-recurring gains and losses amounted to CNY 1,587,534.79, primarily from tax refunds[7]. - The company experienced a negative impact of $523,098.65 from exchange rate fluctuations on cash and cash equivalents[24]. - Cash flow from investing activities showed a net outflow of $496.85 million, compared to a net outflow of $48.81 million in the previous year[23]. - Cash flow from financing activities resulted in a net outflow of $60.54 million, significantly higher than the previous year's outflow of $1 million[24]. - The cash inflow from the disposal of fixed assets was $17,338.02, a decrease from $696,080.00 in the previous year[23]. - The company did not report any cash inflow from new investments or loans during the quarter[24].