莱尔科技(688683) - 2023 Q1 - 季度财报

Important Content Highlights Major Financial Data During the reporting period, the company experienced declines in both operating revenue and net profit, while total assets and equity attributable to shareholders of the listed company increased; net cash flow from operating activities turned positive, and R&D investment decreased year-over-year Major Accounting Data and Financial Indicators In Q1 2023, the company's operating revenue decreased by 18.36% year-over-year, net profit attributable to parent company shareholders declined by 21.72%, and non-recurring net profit decreased by 26.89%; basic earnings per share were 0.05 CNY/share, down 24.31% year-over-year; net cash flow from operating activities significantly improved from negative to positive, and both total assets and equity attributable to parent company shareholders increased from the end of the previous year Key Financial Performance Indicators for Q1 2023 (YoY) | Item | Current Period (CNY) | YoY Change (%) | | :--- | :--- | :--- | | Operating Revenue | 91,318,030.77 | -18.36 | | Net Profit Attributable to Shareholders of the Listed Company | 8,040,416.40 | -21.72 | | Net Profit Attributable to Shareholders of the Listed Company After Deducting Non-recurring Gains and Losses | 6,317,125.77 | -26.89 | | Net Cash Flow from Operating Activities | 12,895,696.61 | Not applicable (negative in prior year) | | Basic Earnings Per Share (CNY/share) | 0.05 | -24.31 | | Diluted Earnings Per Share (CNY/share) | 0.05 | -24.31 | | Weighted Average Return on Net Assets (%) | 0.83 | Decreased by 0.39 percentage points | | Total R&D Investment | 5,231,694.31 | -20.87 | | R&D Investment as a Percentage of Operating Revenue (%) | 5.73 | Decreased by 0.18 percentage points | Key Balance Sheet Indicators as of Q1 2023 (vs. End of Previous Year) | Item | End of Current Period (CNY) | End of Previous Year (CNY) | Change from End of Previous Year (%) | | :--- | :--- | :--- | :--- | | Total Assets | 1,167,748,145.57 | 1,139,302,699.91 | 2.50 | | Equity Attributable to Shareholders of the Listed Company | 998,506,560.51 | 965,260,024.11 | 3.44 | Non-recurring Gains and Losses Items and Amounts During the reporting period, the company's total non-recurring gains and losses amounted to 1,723,290.63 CNY, primarily including government grants recognized in current profit or loss, fair value change gains/losses, and investment income Non-recurring Gains and Losses Items and Amounts for Q1 2023 | Item | Current Period Amount (CNY) | | :--- | :--- | | Gains and Losses from Disposal of Non-current Assets | -22,558.90 | | Government Grants Recognized in Current Profit or Loss | 1,702,557.51 | | Gains and Losses from Changes in Fair Value and Investment Income from Disposal of Trading Financial Assets | 184,369.46 | | Other Non-operating Income and Expenses | -4.00 | | Other Profit and Loss Items Meeting the Definition of Non-recurring Gains and Losses | 175,224.76 | | Less: Income Tax Impact | 306,127.23 | | Impact on Minority Interests (After Tax) | 10,170.97 | | Total | 1,723,290.63 | Changes and Reasons for Major Accounting Data and Financial Indicators The company states there are no significant changes or reasons for changes in major accounting data and financial indicators requiring disclosure in this reporting period - The company did not disclose changes or reasons for major accounting data and financial indicators, indicating no significant changes requiring special explanation[8] Shareholder Information Total Common Shareholders, Number of Preferred Shareholders with Restored Voting Rights, and Top Ten Shareholders' Shareholding As of the end of the reporting period, the company had 3,882 common shareholders and no preferred shareholders with restored voting rights; among the top ten shareholders, Guangdong Tener Investment Co., Ltd. held the highest stake at 51.58%, owning all restricted shares; the report also detailed the top ten unrestricted shareholders, their holdings, and explained related party relationships and margin financing and securities lending activities among some shareholders - At the end of the reporting period, the total number of common shareholders was 3,882, with no preferred shareholders having restored voting rights[10] Top 10 Shareholders' Shareholding | Shareholder Name | Shareholder Nature | Number of Shares Held (shares) | Shareholding Percentage (%) | Number of Restricted Shares Held (shares) | | :--- | :--- | :--- | :--- | :--- | | Guangdong Tener Investment Co., Ltd. | Domestic Non-State-Owned Legal Person | 80,000,000 | 51.58 | 80,000,000 | | Fan Xiaoping | Domestic Natural Person | 12,911,943 | 8.32 | 12,000,000 | | Gong Weiquan | Domestic Natural Person | 3,410,000 | 2.20 | 0 | | Foshan Shunde Dexin Venture Capital Co., Ltd. | State-Owned Legal Person | 2,230,000 | 1.44 | 0 | | Foshan Hexin Investment Partnership (Limited Partnership) | Other | 1,900,000 | 1.22 | 0 | | Shenzhen Yuntu Asset Management Service Co., Ltd. - Yuntu Juli No. 5 Private Securities Investment Fund | Other | 1,868,914 | 1.20 | 1,868,914 | | Yang Xingwu | Domestic Natural Person | 1,364,742 | 0.88 | 0 | | Ping An Bank Co., Ltd. - Huaxia Yuanjian Growth One-Year Holding Mixed Securities Investment Fund | Other | 1,356,814 | 0.87 | 0 | | Western Securities - China Merchants Bank - Western Securities Laier Technology Employee Participation in STAR Market Strategic Placement Collective Asset Management Plan | Other | 1,339,661 | 0.86 | 0 | | Shi Yonghua | Domestic Natural Person | 1,290,478 | 0.83 | 0 | - Company Vice General Manager Li Zheng and Chairman Fan Xiaoping have related party relationships with some shareholders; for instance, Li Zheng holds 0.46% equity in Tener and 12.05% of Foshan Hexin's capital contribution, while Fan Xiaoping holds 43.47% of Foshan Hexin's capital contribution[11] - Some of the top 10 shareholders, such as Yang Xingwu, Zhu Junmin, and Lu Zhouyi, participate in margin financing and securities lending through investor credit securities accounts[11] Other Reminders Other Important Information Regarding the Company's Operating Performance During the Reporting Period Requiring Investor Attention The company states there is no other important operating information during the reporting period that requires investor attention - The company did not disclose other important operating information for the reporting period that requires investor attention[12] Quarterly Financial Statements Type of Audit Opinion The financial statements for this quarter are unaudited - The financial statements for this reporting period are unaudited[4][12] Financial Statements This section presents the company's consolidated balance sheet, income statement, and cash flow statement for Q1 2023, detailing the financial position, operating results, and cash flows at the end of the reporting period Consolidated Balance Sheet As of March 31, 2023, total assets increased by 2.50% to CNY 1.168 billion, driven by growth in trading financial assets and construction in progress, while total liabilities decreased and equity attributable to parent company shareholders rose by 3.44% Consolidated Balance Sheet Key Item Changes (March 31, 2023 vs. December 31, 2022) | Item | March 31, 2023 (CNY) | December 31, 2022 (CNY) | Change Amount (CNY) | Change Percentage (%) | | :--- | :--- | :--- | :--- | :--- | | Cash and Cash Equivalents | 322,667,548.72 | 347,009,707.43 | -24,342,158.71 | -7.01 | | Trading Financial Assets | 46,020,018.78 | - | 46,020,018.78 | Not applicable | | Accounts Receivable | 176,665,612.71 | 197,489,876.32 | -20,824,263.61 | -10.54 | | Receivables Financing | 28,216,511.83 | 7,039,725.80 | 21,176,786.03 | 300.82 | | Prepayments | 8,113,111.28 | 3,893,252.58 | 4,219,858.70 | 108.39 | | Inventories | 54,922,645.47 | 57,380,423.09 | -2,457,777.62 | -4.28 | | Total Current Assets | 674,799,102.75 | 663,000,980.26 | 11,798,122.49 | 1.78 | | Construction in Progress | 81,344,943.38 | 61,700,466.87 | 19,644,476.51 | 31.84 | | Long-term Deferred Expenses | 1,654,664.04 | 281,476.85 | 1,373,187.19 | 487.85 | | Total Non-Current Assets | 492,949,042.82 | 476,301,719.65 | 16,647,323.17 | 3.50 | | Total Assets | 1,167,748,145.57 | 1,139,302,699.91 | 28,445,445.66 | 2.50 | | Short-term Borrowings | 8,616,657.87 | 5,809,537.08 | 2,807,120.79 | 48.32 | | Trading Financial Liabilities | - | 140,800.00 | -140,800.00 | -100.00 | | Notes Payable | 19,184,589.27 | 14,294,928.31 | 4,889,660.96 | 34.20 | | Accounts Payable | 49,629,076.17 | 59,564,322.27 | -9,935,246.10 | -16.68 | | Total Current Liabilities | 101,339,392.72 | 115,424,352.52 | -14,084,959.80 | -12.20 | | Long-term Borrowings | 4,122,444.50 | 1,216,371.00 | 2,906,073.50 | 238.91 | | Total Non-Current Liabilities | 16,564,518.44 | 13,996,139.14 | 2,568,379.30 | 18.35 | | Total Liabilities | 117,903,911.16 | 129,420,491.66 | -11,516,580.50 | -8.90 | | Paid-in Capital (or Share Capital) | 155,102,929.00 | 153,836,929.00 | 1,266,000.00 | 0.82 | | Capital Reserve | 559,073,382.58 | 535,133,262.58 | 23,940,120.00 | 4.47 | | Total Equity Attributable to Parent Company Shareholders | 998,506,560.51 | 965,260,024.11 | 33,246,536.40 | 3.44 | | Total Shareholders' Equity | 1,049,844,234.41 | 1,009,882,208.25 | 39,962,026.16 | 3.96 | Consolidated Income Statement In Q1 2023, total operating revenue decreased by 18.36% to CNY 91.318 million, leading to declines in operating profit and net profit, with net profit attributable to parent company shareholders falling 21.72% and non-controlling interests turning to a loss Consolidated Income Statement Key Item Comparison (Q1 2023 vs. Q1 2022) | Item | Q1 2023 (CNY) | Q1 2022 (CNY) | Change Amount (CNY) | Change Percentage (%) | | :--- | :--- | :--- | :--- | :--- | | Total Operating Revenue | 91,318,030.77 | 111,859,401.60 | -20,541,370.83 | -18.36 | | Total Operating Costs | 86,554,589.95 | 102,192,969.28 | -15,638,379.33 | -15.30 | | Operating Costs | 70,214,796.07 | 81,457,798.64 | -11,243,002.57 | -13.80 | | Selling Expenses | 4,498,370.80 | 5,873,690.13 | -1,375,319.33 | -23.41 | | Administrative Expenses | 7,290,977.97 | 8,742,085.36 | -1,451,107.39 | -16.60 | | R&D Expenses | 5,231,694.31 | 6,611,164.77 | -1,379,470.46 | -20.87 | | Financial Expenses | -1,277,425.84 | -872,933.18 | -404,492.66 | 46.34 | | Other Income | 1,877,782.27 | 1,524,989.90 | 352,792.37 | 23.13 | | Investment Income | 51,927.60 | 208,171.19 | -156,243.59 | -75.05 | | Credit Impairment Losses | 849,741.28 | 120,496.04 | 729,245.24 | 605.29 | | Asset Impairment Losses | 523,951.95 | 139,029.06 | 384,922.89 | 276.86 | | Operating Profit | 8,205,103.80 | 12,066,868.51 | -3,861,764.71 | -32.00 | | Total Profit | 8,205,099.80 | 11,844,414.80 | -3,639,315.00 | -30.73 | | Income Tax Expense | 694,986.06 | 1,203,911.81 | -508,925.75 | -42.27 | | Net Profit | 7,510,113.74 | 10,640,502.99 | -3,130,389.25 | -29.42 | | Net Profit Attributable to Parent Company Shareholders | 8,040,416.40 | 10,271,691.55 | -2,231,275.15 | -21.72 | | Non-controlling Interests Profit/Loss | -530,302.66 | 368,811.44 | -899,114.10 | -243.81 | | Basic Earnings Per Share (CNY/share) | 0.05 | 0.07 | -0.02 | -28.57 | Consolidated Cash Flow Statement In Q1 2023, net cash flow from operating activities significantly improved to CNY 12.8957 million from a negative prior year; investing activities saw a -CNY 71.5896 million outflow due to increased capital expenditures, while financing activities generated CNY 34.5199 million from absorbed investments, with period-end cash and cash equivalents at CNY 322.034 million Consolidated Cash Flow Statement Key Item Comparison (Q1 2023 vs. Q1 2022) | Item | Q1 2023 (CNY) | Q1 2022 (CNY) | Change Amount (CNY) | Change Percentage (%) | | :--- | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 12,895,696.61 | -6,815,123.10 | 19,710,819.71 | Not applicable (turned from negative to positive) | | Net Cash Flow from Investing Activities | -71,589,570.49 | -13,898,663.48 | -57,690,907.01 | 415.08 | | Net Cash Flow from Financing Activities | 34,519,879.70 | 13,810,816.66 | 20,709,063.04 | 150.09 | | Net Increase in Cash and Cash Equivalents | -24,339,429.37 | -6,966,488.46 | -17,372,940.91 | 249.39 | | Cash and Cash Equivalents at Period-End | 322,034,096.84 | 240,407,139.98 | 81,626,956.86 | 33.95 | - Total cash inflow from operating activities decreased by 9.12% year-over-year, primarily due to reduced cash received from sales of goods and rendering of services[23][24] - Cash outflow from investing activities significantly increased, mainly driven by substantial growth in cash paid for the acquisition of fixed assets, intangible assets, and other long-term assets, as well as cash paid for investments[24] - Cash inflow from financing activities significantly increased, primarily due to higher cash received from investments (including minority shareholder investments in subsidiaries) and cash received from borrowings[24]