东山精密(002384) - 2023 Q1 - 季度财报

Financial Performance - Revenue for Q1 2023 was CNY 6,511,602,610.15, a decrease of 10.95% compared to the same period last year[3] - Net profit attributable to shareholders was CNY 471,650,134.12, an increase of 29.49% year-on-year[3] - Total operating revenue for Q1 2023 was CNY 6,511,602,610.15, a decrease of 10.95% compared to CNY 7,312,341,630.60 in the same period last year[13] - In Q1 2023, the company's net profit reached CNY 471,497,453.32, a significant increase of 30% compared to CNY 362,821,878.25 in Q1 2022[14] - The total profit for the period was CNY 502,141,586.51, an increase from CNY 408,323,644.22, representing a growth of approximately 22.9%[14] - Basic earnings per share improved to CNY 0.28, compared to CNY 0.21 in the same period last year, indicating a growth of 33.3%[15] Cash Flow - Net cash flow from operating activities reached CNY 1,799,383,005.75, up 162.39% from the previous year[3] - The cash inflow from operating activities was CNY 8,587,054,390.98, while cash outflow was CNY 6,787,671,385.23, resulting in a net cash inflow of CNY 1,799,383,005.75[16] - The net cash flow from operating activities for Q1 2023 was ¥1,799,383,005.75, compared to ¥685,764,513.69 in Q1 2022, representing a significant increase[17] - The net cash flow from investing activities was -¥2,655,184,572.50, a decline from -¥1,198,292,239.08 year-over-year[17] - Cash inflow from financing activities totaled ¥6,010,510,459.47, up from ¥3,060,783,601.02 in the previous year[17] - The net cash flow from financing activities increased to ¥2,675,548,733.23, compared to -¥104,799,687.20 in Q1 2022[17] Assets and Liabilities - Total assets as of March 31, 2023, were CNY 42,905,280,374.11, reflecting a growth of 5.86% from the end of the previous year[3] - Non-current liabilities rose to CNY 7,972,871,334.61, up from CNY 6,057,239,542.91, marking an increase of 31.66%[12] - Total liabilities increased to CNY 26,076,227,599.88 from CNY 24,125,013,732.56, reflecting a growth of 8.09%[12] - The company's long-term borrowings rose by 46.18% to CNY 4,674,516,625.18, attributed to new acquisition loans and long-term project financing[6] Equity and Shareholder Information - The company’s total equity attributable to shareholders increased by 2.58% to CNY 16,782,287,486.87 compared to the end of the previous year[3] - The company's weighted average return on equity improved to 2.85%, up from 2.47% in the previous year[3] - The top ten shareholders hold a total of 45,884 shares, with the largest shareholder, Yuan Yongfeng, holding 13.01%[8] - The second-largest shareholder, Yuan Yonggang, holds 11.83% of the shares[8] Business Segments - The company's new energy business achieved sales revenue of approximately 1.169 billion RMB, representing a year-on-year growth of about 130%[9] - The company reported a net profit attributable to shareholders, excluding non-recurring gains and losses, increased by over 30% year-on-year, despite losses in the LED business due to weak downstream demand[9] - The company continues to face challenges in its LED business, which has reported losses during the reporting period[9] Other Financial Metrics - The company recorded a substantial increase in other income, totaling CNY 158,881,877.68, primarily from the acquisition of a subsidiary[6] - The company’s cash and cash equivalents increased by 417.31% to CNY 2,037,227,518.94, driven by improved cash flow from operations[6] - Research and development expenses decreased to CNY 193,113,365.49 from CNY 236,750,012.27, reflecting a reduction of approximately 18.4%[14] - The company's financial expenses increased to CNY 134,082,532.89, up from CNY 97,978,124.50, marking a rise of about 36.5%[14] - Other comprehensive income after tax was reported at CNY -52,692,681.55, a decline from CNY 18,476,595.35 in the previous year[15] - The investment income showed a decrease, with losses from joint ventures amounting to CNY -1,009,134.30 compared to a loss of CNY -694,419.93 in the previous year[14] Inventory and Receivables - Inventory increased to CNY 6,372,380,825.01 from CNY 6,165,738,409.09, representing a growth of 3.37%[12] - Accounts receivable decreased to approximately 5.767 billion RMB from 7.006 billion RMB at the beginning of the year[10]