京东方A(000725) - 2023 Q1 - 季度财报

Financial Performance - Revenue for Q1 2023 was CNY 37.97 billion, a decrease of 24.77% compared to CNY 50.48 billion in the same period last year[6] - Net profit attributable to shareholders was CNY 247.32 million, down 94.36% from CNY 4.39 billion year-on-year[6] - Net profit after deducting non-recurring gains and losses was CNY -1.67 billion, a decline of 147.50% compared to CNY 3.51 billion in the previous year[6] - Basic earnings per share were CNY 0.003, down 97.35% from CNY 0.113 year-on-year[6] - Total operating revenue for Q1 2023 was ¥37.97 billion, a decrease of 25% compared to ¥50.48 billion in Q1 2022[21] - Net profit for Q1 2023 was a loss of ¥1.24 billion, compared to a profit of ¥3.23 billion in Q1 2022[21] - The net profit attributable to the parent company for Q1 2023 was CNY 247.32 million, a decrease from CNY 4.39 billion in the same period last year[22] - The total comprehensive income attributable to the parent company was CNY 257.55 million, compared to CNY 4.40 billion in Q1 2022[22] Cash Flow - Net cash flow from operating activities was CNY 10.12 billion, a decrease of 31.40% from CNY 14.76 billion in the same period last year[6] - Cash inflow from operating activities was CNY 47.59 billion, down from CNY 59.14 billion year-over-year[23] - Cash outflow from operating activities totaled CNY 37.46 billion, compared to CNY 44.38 billion in the previous year[24] - Cash inflow from investment activities was CNY 25.80 billion, up from CNY 14.25 billion year-over-year[24] - The net cash flow from investment activities was negative CNY 621.01 million, an improvement from negative CNY 7.31 billion in the previous year[24] - Cash inflow from financing activities was CNY 10.20 billion, down from CNY 13.70 billion in Q1 2022[24] - The net cash flow from financing activities was negative CNY 10.86 billion, compared to positive CNY 1.73 billion in the same period last year[24] - The ending balance of cash and cash equivalents was CNY 62.80 billion, down from CNY 85.92 billion at the end of Q1 2022[24] Assets and Liabilities - Total assets at the end of the reporting period were CNY 412.39 billion, a decrease of 1.95% from CNY 420.56 billion at the end of the previous year[6] - Total liabilities as of Q1 2023 were ¥215.53 billion, compared to ¥218.53 billion in Q1 2022[20] - The company's total current assets decreased to CNY 135,786,323,827 from CNY 142,231,363,763 at the beginning of the year, reflecting a decline of approximately 4.1%[18] - Cash and cash equivalents at the end of Q1 2023 were CNY 65,980,916,266, down from CNY 68,800,307,369 at the beginning of the year, a decrease of about 4.2%[18] - Accounts receivable decreased to CNY 24,903,547,413 from CNY 28,203,647,569, representing a decline of approximately 11.5%[18] - Inventory increased to CNY 23,990,670,110 from CNY 22,787,814,225, indicating a rise of about 5.3%[18] - The company's long-term equity investments rose to CNY 12,658,042,162 from CNY 12,421,878,851, an increase of approximately 1.9%[18] - The company disclosed a total of CNY 200,053,569,671 in fixed assets, down from CNY 205,987,050,430, reflecting a decrease of about 2.3%[18] Shareholder Information - The total number of common shareholders at the end of the reporting period is 1,364,365, with the largest shareholder, Beijing State-owned Capital Operation and Management Co., Ltd., holding 10.64% of shares[10] - Hong Kong Central Clearing Limited holds 7.88% of shares, making it the second-largest shareholder[10] - The top ten shareholders collectively hold significant stakes, with the smallest among them, Beijing Electronic Holdings Co., Ltd., holding 0.72%[10] - The largest shareholder, Beijing State-owned Capital Operation and Management Co., Ltd., holds 4,063,333,333 shares, which is the highest among the top ten shareholders[11] - The second-largest shareholder, Hong Kong Central Clearing Limited, holds 3,008,566,636 shares[11] - The company has not disclosed any significant changes in the status of shares held by the top ten shareholders, indicating stability in ownership[10] - The report indicates that no shares among the top ten shareholders are pledged or frozen, reflecting a healthy liquidity position[10] Other Income and Expenses - Other income increased by 112% year-on-year, primarily due to an increase in government subsidies during the reporting period[9] - Investment income rose by 129% year-on-year, mainly due to increased investment income from joint ventures[9] - Cash flow from investing activities increased by 91.51% year-on-year, attributed to reduced cash payments for fixed assets and other long-term assets[9] - Total operating costs for Q1 2023 were ¥41.10 billion, down from ¥46.12 billion in the same period last year, reflecting a 10% reduction[21] - Research and development expenses for Q1 2023 amounted to ¥2.66 billion, a decrease from ¥2.81 billion in Q1 2022[21] Corporate Actions - The company has issued bonds totaling up to 30 billion RMB, approved by the China Securities Regulatory Commission[12] - The company has ongoing bonds, including the 2022 public issuance of perpetual corporate bonds, with a maturity date in March 2025[14] - The company reported a bond interest payment of 35.00 RMB per 10 bonds (including tax) on March 23, 2023[14] - The company plans to implement an equity incentive plan, including stock options and restricted stock, with 746 eligible participants and a total of 102,260,780 restricted shares, accounting for 0.2677% of the total share capital[15] - The company aims to raise up to CNY 2 billion through a non-public offering of A-shares, with 3,650,377,019 new shares issued and listed on August 20, 2021[16] - The company appointed new senior management, including a new Chief Audit Officer and adjustments to the executive committee[17] - The company reported a total of 718,132,854 shares from the 2021 non-public offering released from restrictions, accounting for 1.8801% of the total share capital[16]