国光电气(688776) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was ¥165,564,649.45, representing a decrease of 15.27% compared to the same period last year[5] - The net profit attributable to shareholders was ¥20,445,069.52, down 50.89% year-on-year[5] - Basic and diluted earnings per share were both ¥0.26, reflecting a decline of 51.85%[6] - Operating profit for Q1 2023 was ¥23,609,598.09, down 52.1% from ¥49,281,624.09 in Q1 2022[19] - Net profit for Q1 2023 was ¥20,445,069.52, a decline of 50.9% from ¥41,626,946.74 in Q1 2022[19] - Total operating revenue for Q1 2023 was ¥165,564,649.45, a decrease of 15.3% compared to ¥195,413,544.66 in Q1 2022[18] - Total operating costs for Q1 2023 were ¥137,861,381.55, down 2.7% from ¥140,999,263.58 in Q1 2022[18] - Earnings per share for Q1 2023 was ¥0.26, compared to ¥0.54 in Q1 2022[19] Cash Flow and Liquidity - The net cash flow from operating activities was -¥11,152,860.52, indicating a negative cash flow situation[6] - Cash flow from operating activities for Q1 2023 was negative at -¥11,152,860.52, an improvement from -¥50,054,783.45 in Q1 2022[21] - Cash inflow from operating activities totaled ¥117,118,195.65 in Q1 2023, up from ¥74,891,391.19 in Q1 2022[21] - Cash outflow from operating activities was ¥128,271,056.17 in Q1 2023, compared to ¥124,946,174.64 in Q1 2022[21] - The company reported a decrease in cash flow from operating activities, impacting liquidity management strategies[13] - The net cash flow from investing activities was -23,240,886.10, indicating significant cash outflow for investments[22] - The total cash and cash equivalents at the end of the period decreased to 955,090,741.58 from 989,731,721.87 at the beginning of the period, reflecting a net decrease of 34,640,980.29[22] - The cash outflow from financing activities totaled 250,000.00, primarily due to dividend payments[22] - The company did not report any cash inflow from financing activities during the quarter[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,304,912,902.96, an increase of 2.51% from the end of the previous year[6] - The total liabilities as of Q1 2023 were ¥539,817,214.59, an increase from ¥504,534,914.09 in Q1 2022[18] - The company's cash and cash equivalents decreased to CNY 955,295,363.63 from CNY 989,939,110.25, representing a decline of about 3.5%[13] - Accounts receivable increased to CNY 691,617,514.11 from CNY 614,425,892.39, indicating a rise of approximately 12.6%[13] - Inventory levels rose to CNY 269,884,100.05, up from CNY 248,927,388.17, marking an increase of around 8.2%[14] - The company's accounts payable increased to CNY 289,072,235.16 from CNY 254,657,853.22, reflecting a growth of approximately 13.5%[14] - The total current assets amounted to CNY 2,067,989,228.50, compared to CNY 2,024,418,058.29, showing an increase of about 2.2%[14] - Non-current assets totaled CNY 236,923,674.46, up from CNY 223,950,243.51, indicating a growth of approximately 5.8%[14] Research and Development - Research and development expenses totaled ¥8,171,193.87, accounting for 4.94% of operating revenue, a decrease of 0.72 percentage points[6] - Research and development expenses for Q1 2023 were ¥8,171,193.87, down 26.0% from ¥11,067,750.34 in Q1 2022[18] Operational Challenges - The decline in net profit was primarily due to delays in contract approvals for microwave devices, leading to a 41% drop in revenue compared to the previous year[9] - The gross profit margin for microwave devices decreased by 7 percentage points due to increased procurement costs[9] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 2,326[11] Strategic Focus - The company is focusing on enhancing its product development and market expansion strategies to drive future growth[14] Miscellaneous - The weighted average return on net assets was 1.17%, down 1.36 percentage points year-on-year[6] - The company has not adopted new accounting standards or interpretations for the current year[22] - The impact of exchange rate changes on cash and cash equivalents was a positive 2,766.33[22]