GoerTek(SZ:002241)2023-04-17 16:00Revenue and Profitability - Revenue for Q1 2023 reached ¥24.12 billion, an increase of 19.94% compared to ¥20.11 billion in Q1 2022[3] - Net profit attributable to shareholders was ¥106.18 million, a decrease of 88.22% from ¥901.11 million in the same period last year[3] - Net profit excluding non-recurring items dropped to ¥15.11 million, down 98.28% from ¥878.30 million year-on-year[3] - Basic earnings per share fell to ¥0.03, down 88.89% from ¥0.27 in the previous year[3] - The total operating revenue for the first quarter of 2023 was CNY 24.12 billion, an increase of 19.9% compared to CNY 20.11 billion in the same period last year[15] - The net profit for the first quarter of 2023 was CNY 107.94 million, a significant decrease from CNY 904.88 million in the same quarter last year[16] - Basic and diluted earnings per share for the first quarter were CNY 0.03, down from CNY 0.27 in the same period last year[17] Cash Flow and Financial Activities - Operating cash flow for Q1 2023 was ¥134.29 million, a significant decline of 90.84% compared to ¥1.47 billion in Q1 2022[3] - Cash flow from financing activities increased by 301.32% to ¥2.41 billion, driven by increased borrowings and funds from employee stock subscription plans[8] - Operating cash inflow for the current period was CNY 20,686,967,821.70, down 11.5% from CNY 23,397,822,690.72 in the previous period[18] - Net cash flow from operating activities decreased significantly to CNY 134,286,338.03 from CNY 1,466,497,950.54, representing a decline of approximately 90.8%[19] - Cash inflow from financing activities rose to CNY 8,676,920,376.73, compared to CNY 6,240,950,430.41, marking an increase of approximately 39.1%[19] - Net cash flow from financing activities improved to CNY 2,411,186,020.94 from CNY 600,813,906.84, reflecting a growth of about 301.9%[19] Assets and Liabilities - Total assets decreased by 8.98% to ¥70.25 billion from ¥77.18 billion at the end of the previous year[3] - Total liabilities decreased to CNY 39.33 billion from CNY 46.98 billion at the beginning of the year, representing a reduction of 16.3%[16] - Current liabilities decreased from ¥42,721,072,191.81 to ¥33,783,342,334.78, a reduction of approximately 20.9%[13] - The company’s long-term equity investments increased to ¥954,168,556.00 from ¥361,008,671.83, showing a growth of approximately 164.5%[13] Shareholder Information - The total number of common shareholders at the end of the reporting period was 523,319[9] - The largest shareholder, Goer Group Co., Ltd., holds 14.84% of the shares, totaling 507,680,170 shares[9] - The number of shares held by the top ten shareholders includes 15,240,251 shares repurchased by the company, representing 0.45% of the total share capital[10] Expenses and Costs - The total operating costs for the first quarter of 2023 were CNY 24.20 billion, up from CNY 19.20 billion, reflecting a year-on-year increase of 26.1%[15] - Research and development expenses amounted to CNY 961.49 million, a decrease of 13.6% from CNY 1.11 billion in the previous year[16] - The company reported a significant increase in financial expenses, with interest expenses rising to CNY 106.21 million from CNY 66.13 million, an increase of 60.5%[16] - Tax payments increased to CNY 421,878,056.47 from CNY 275,495,705.03, representing a rise of about 53.1%[19] Inventory and Receivables - Accounts receivable decreased to ¥11,389,813,306.60 from ¥14,396,180,782.93, indicating a reduction of approximately 20.9%[12] - Inventory decreased significantly from ¥17,348,670,744.58 to ¥12,781,884,092.02, a decline of about 26.5%[13]