ST宇顺(002289) - 2023 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2023 was ¥26,575,609.07, a decrease of 15.14% compared to ¥31,315,235.36 in the same period last year[4] - The net profit attributable to shareholders was -¥8,164,639.82, representing a decline of 54.84% from -¥5,272,993.53 year-on-year[4] - The basic and diluted earnings per share were both -¥0.0303, a decrease of 61.17% from -¥0.0188 in the same period last year[5] - The net loss attributable to the parent company was ¥1,762,852,814.99, compared to a loss of ¥1,754,688,175.17 in the previous period[21] - Operating profit for Q1 2023 was -8,170,739.31 CNY, a decline from -5,279,971.40 CNY year-over-year, indicating a worsening operational performance[24] - The total comprehensive income for Q1 2023 was -8,164,639.82 CNY, worsening from -5,272,993.53 CNY in the previous year[24] Cash Flow and Liquidity - The net cash flow from operating activities improved significantly to ¥6,256,557.09, compared to -¥12,129,537.44 in the previous year, marking a 151.58% increase[5] - The company's cash and cash equivalents increased to ¥107,815,334.62 from ¥101,930,861.72 at the beginning of the year, representing a growth of 5.5%[20] - Total cash and cash equivalents at the end of Q1 2023 amounted to 107,804,167.21 CNY, up from 33,685,392.91 CNY at the end of the previous year[26] - The cash outflow from investing activities was -179,020.00 CNY, compared to -43,112.00 CNY in the previous year, indicating increased investment expenditures[25] - The cash outflow from financing activities was -193,064.19 CNY, a decrease from -2,000,655.00 CNY in the same period last year, showing reduced financing costs[26] Assets and Liabilities - Total assets at the end of the reporting period were ¥292,830,654.70, an increase of 1.02% from ¥289,863,265.16 at the end of the previous year[5] - Total liabilities increased to ¥54,237,503.05 from ¥43,105,473.69, showing a rise of 25.8%[21] - Shareholders' equity attributable to the company was ¥238,593,151.65, down 3.31% from ¥246,757,791.47 at the end of the previous year[5] Inventory and Expenses - The company reported a significant increase in inventory by 28.30%, reaching ¥22,205,724.96 due to increased customer orders[8] - Sales expenses rose by 23.54% to ¥1,605,398.43, attributed to increased marketing efforts and related costs[9] - Financial expenses surged by 143.51% to ¥667,528.95, primarily due to exchange rate losses during the reporting period[9] - Research and development expenses for Q1 2023 were ¥1,031,471.19, slightly down from ¥1,126,447.37 year-over-year, a decrease of 8.4%[22] Shareholder Information - The total number of common shareholders at the end of the reporting period is 13,306[11] - The largest shareholder, Zhongzhi Rongyun (Beijing) Enterprise Management Co., Ltd., holds 20.42% of shares, totaling 57,233,855 shares[11] - The second-largest shareholder, Zhongzhi Industrial Investment Co., Ltd., holds 8.77% of shares, totaling 24,585,656 shares[11] Relocation and Lease Agreements - The company received a relocation compensation of 11,203,797 RMB for the termination of a lease agreement[15] - As of March 31, 2023, the first installment of the relocation compensation received was 4,481,518 RMB, accounting for 40% of the total[15] - The company signed a new lease agreement for a production base with an area of 6,500 square meters at a rate of 28 RMB per square meter per month for the first year[16] - The rent will increase by 4% each year starting from the second year of the lease[16] Management Changes - The company’s independent director, Wu Yuping, resigned effective January 4, 2023, after serving for six years[13] - The company’s vice president and CFO, Xu Jian, submitted his resignation on February 13, 2023, effective March 13, 2023[14] Regulatory Inquiry - The company is under inquiry from the Shenzhen Stock Exchange regarding the impact of the relocation on its operations and financial status[16]