GUOXIN MICRO(002049)2023-04-24 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 1,540,705,013.10, representing a 14.87% increase compared to CNY 1,341,294,138.80 in the same period last year[2] - Net profit attributable to shareholders was CNY 583,817,553.64, up 10.03% from CNY 530,617,525.03 year-on-year[2] - The company's diluted earnings per share for the period were CNY 0.6872, reflecting a 10.02% increase from CNY 0.6246 in the same period last year[2] - The total equity attributable to shareholders of the parent company was CNY 10,284,408,638.53, up from CNY 9,703,075,490.59, indicating an increase of 6.0%[23] - The company's total cost of operations was CNY 984,000,986.97, which is an increase of 23.2% from CNY 798,690,034.63 in the previous year[24] Cash Flow - The net cash flow from operating activities reached CNY 181,202,860.35, a significant increase of 190.38% compared to a negative cash flow of CNY 200,492,239.23 in the previous year[2] - Cash generated from operating activities was CNY 1,662,434,862.24, compared to CNY 1,009,474,830.43 in the previous year, representing a substantial increase of 64.6%[26] - Total cash inflow from investment activities was ¥100,494,821.92, while cash outflow was ¥359,704,950.98, resulting in a net cash flow from investment activities of -¥259,210,129.06[27] - Cash inflow from financing activities amounted to ¥183,948,556.47, with cash outflow totaling ¥172,070,764.22, leading to a net cash flow from financing activities of ¥11,877,792.25[27] - The company reported a total operating cash inflow of ¥1,816,634,969.50, compared to ¥1,111,515,190.59 in the same period last year[27] Assets and Liabilities - Total assets at the end of the reporting period were CNY 16,489,257,822.58, reflecting a 7.57% increase from CNY 15,328,754,125.82 at the end of the previous year[2] - The total liabilities amounted to CNY 6,136,433,961.62, an increase from CNY 5,553,599,463.48, indicating a growth of 10.5%[23] - Cash and cash equivalents decreased to RMB 3.99 billion from RMB 4.09 billion, a decline of about 2.43%[20] - Accounts receivable increased to RMB 3.75 billion, up from RMB 3.11 billion, representing a growth of approximately 20.66%[21] - Inventory rose to RMB 2.78 billion, compared to RMB 2.21 billion at the start of the year, marking an increase of around 25.5%[21] Research and Development - The company's R&D expenses for the period amounted to CNY 308,773,460.37, marking a 69.03% increase year-on-year, primarily due to higher personnel costs[9] - Research and development expenses increased significantly to CNY 308,773,460.37, compared to CNY 182,676,796.76 in the same period last year, marking a rise of 68.9%[24] Strategic Initiatives - The company plans to redirect previously raised funds from projects with uncertain market conditions to new projects, including high-speed RF ADC chips and new high-performance video processors[17] - A share repurchase plan was approved, with a budget of between RMB 300 million and RMB 600 million, aimed at enhancing investor confidence and supporting long-term development[19] - The company has undergone a strategic shift in its investment focus due to market volatility since the second half of 2022[17] Other Financial Metrics - The weighted average return on equity decreased to 5.84%, down 1.23 percentage points from 7.07% in the previous year[2] - The company reported a decrease in other comprehensive income after tax, amounting to CNY -3,329,214.60 compared to CNY -985,291.57 in the previous year[25] - The company’s long-term equity investments increased to RMB 494.09 million from RMB 447.34 million, a rise of approximately 10.43%[21] - The company’s stockholder structure includes significant holdings from major institutional investors, indicating strong institutional support[15] Audit Status - The report indicates that the first quarter report was not audited[28]