顺络电子(002138) - 2023 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2023 was ¥1,024,675,233.07, representing a year-on-year increase of 1.66% compared to ¥1,007,929,564.44 in the same period last year[3] - Net profit attributable to shareholders decreased by 50.52% to ¥80,545,761.90 from ¥162,789,359.19 in the previous year[3] - The net cash flow from operating activities significantly increased by 542.32% to ¥109,820,901.84, compared to ¥17,097,430.98 in the same period last year[3] - In Q1 2023, the company achieved sales revenue of 102,467.52 million RMB, a year-on-year increase of 1,674.57 million RMB[10] - The net profit attributable to shareholders in Q1 2023 was 8,054.58 million RMB, a decrease of 50.52% year-on-year, while the net profit excluding non-recurring gains and losses was 6,136.92 million RMB, down 59.09% year-on-year[10] - The gross profit margin for Q1 2023 was 32.18%, a decrease of 4.21% year-on-year but an increase of 1.83% quarter-on-quarter[11] - Total operating revenue for Q1 2023 was CNY 1,024,675,233.07, an increase of 1.7% compared to CNY 1,007,929,564.44 in Q1 2022[29] - Net profit for Q1 2023 was CNY 128,235,954.12, a decrease of 42.5% from CNY 228,758,136.01 in Q1 2022[29] - The total comprehensive income for Q1 2023 is CNY 100.76 million, a decrease of 48.9% from CNY 197.62 million in Q1 2022[30] Research and Development - Research and development expenses rose by 56.33% to ¥89,516,431.54, driven by increased salary expenditures and project material usage[7] - R&D expenses rose by 56.33% year-on-year to 89,516.43 million RMB, driven by higher personnel costs and increased material usage for projects[12] - The company is committed to increasing R&D investment to enhance its core competitiveness in the automotive electronics industry[17] - The company plans to continue investing in R&D and expanding its market presence to drive future growth[29] Market Expansion and Strategy - The company successfully expanded into emerging industries such as automotive electronics, energy storage, and IoT, gaining recognition from global benchmark enterprises[9] - The company aims to achieve long-term sustainable development goals despite current market challenges, believing in the macro trend of China's electronics industry[9] - The company is strategically expanding into emerging industries such as automotive electronics, energy storage, and IoT, which are expected to create significant growth opportunities[13] - The demand for electronic components in the photovoltaic and energy storage sectors continues to grow, indicating a long-term upward trend in market space[13] - The automotive electronics business is expected to provide a solid foundation for long-term stable growth, with applications in battery management systems, autonomous driving systems, and vehicle networking[17] - The company’s strategic development goals are supported by the successful expansion into emerging markets and the diversification of its product lines[19] Financial Position - The company reported a total asset value of ¥11,072,005,558.87, an increase of 1.22% from the previous year[3] - The total liabilities decreased by 40.16% in employee compensation, reflecting the distribution of last year's performance bonuses[6] - The company’s total equity decreased to CNY 5,994,941,534.05 from CNY 6,099,707,709.32 in the same period last year[27] - The company's cash and cash equivalents decreased to RMB 338,666,172.53 from RMB 451,394,524.40, reflecting a decline of approximately 25%[26] - Accounts receivable amounted to RMB 1,512,855,225.44, slightly down from RMB 1,546,440,701.23, indicating a decrease of about 2.2%[26] - Inventory levels decreased to RMB 852,022,921.29 from RMB 929,552,783.55, representing a reduction of approximately 8.3%[26] - Total liabilities increased to CNY 5,077,064,024.82, up from CNY 4,838,743,658.95 year-over-year[27] - Short-term borrowings increased to CNY 901,577,048.36, up from CNY 819,052,569.45 year-over-year[27] Shareholder Information - The company has a total of 39,648 common shareholders, with the top ten shareholders holding a combined 30.56% of the shares[20] - The largest shareholder, Xinyu Hengshun Electronics Technology Development Co., Ltd., holds 61,202,000 shares, accounting for 7.59% of the total shares[20] Operational Efficiency - The company is focused on management innovation and organizational transformation to enhance operational efficiency and meet future market demands[15] - The company has established a global competitive advantage in basic components, enhancing its delivery capabilities and deepening partnerships with major clients[14] - The company has made significant progress in the automotive electronics sector, focusing on high-reliability electronic transformers and various inductors, which have been recognized by numerous well-known automotive electronic enterprises for their quality and performance[17] - The company’s communication and power modules have achieved mass delivery, with increasing recognition from both domestic and international clients, indicating a growing market share[19] Investment Activities - The company plans to invest RMB 10,951.20 million to acquire a 36.57% stake in Qingdao Yuantong Electronics Co., Ltd. from minority shareholders[24] - The company completed a share buyback program, repurchasing 8,264,480 shares, which is 1.02% of the total issued shares, for a total amount of RMB 200,005,957.87[25] - The company has committed RMB 2,550 million to the Shenzhen High-tech Investment Fund, aiming for long-term investment returns[23] - The company’s long-term equity investments increased to RMB 188,568,482.74 from RMB 166,177,557.17, showing a growth of approximately 13.5%[26] Cash Flow - The cash flow from operating activities shows a net increase of CNY 109.82 million, compared to CNY 17.10 million in the same period last year[31] - The revenue from operating activities is CNY 912.88 million, down from CNY 937.14 million in the previous year, reflecting a decline of 2.7%[31] - The cash flow from financing activities shows a net inflow of CNY 172.73 million, a significant decrease from CNY 692.76 million in the previous year[32] - The total cash outflow from investing activities is CNY 401.51 million, down from CNY 470.10 million in the previous year[31] Audit Status - The company has not undergone an audit for the Q1 2023 report[33]