远东传动(002406) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was ¥296.53 million, a decrease of 6.36% compared to ¥316.66 million in the same period last year[5]. - Net profit attributable to shareholders was ¥17.12 million, down 34.01% from ¥25.94 million year-on-year[5]. - The company reported a 50.65% decrease in net profit after deducting non-recurring gains and losses, from ¥21.23 million to ¥10.48 million[5]. - In Q1 2023, the company's net profit was CNY 17,135,093.57, a decrease of 34% compared to CNY 25,944,011.06 in the same period last year[19]. - Operating profit for the quarter was CNY 21,395,779.03, down from CNY 33,743,968.65 year-over-year, reflecting a decline of approximately 37%[19]. - The total revenue from operating activities was CNY 218,793,657.68, compared to CNY 315,079,089.09 in the previous year, indicating a decrease of about 30%[21]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥54.56 million, a significant decrease of 221.04% compared to ¥45.07 million in the previous year[5]. - The company reported a net cash outflow from operating activities of CNY -54,558,175.69, contrasting with a net inflow of CNY 45,074,642.94 in the prior year[22]. - Investment activities resulted in a net cash outflow of CNY -26,193,217.16, compared to a loss of CNY -21,581,884.84 in the same quarter last year[22]. - The cash and cash equivalents at the end of the first quarter were CNY 673,817,175.49, a decrease from CNY 757,080,060.25 at the beginning of the year, representing a decline of approximately 11.0%[15]. - The cash and cash equivalents at the end of the period stood at CNY 654,720,334.29, down from CNY 595,689,401.53 at the end of the previous year[22]. Assets and Liabilities - Total assets at the end of the reporting period were ¥4.60 billion, an increase of 0.94% from ¥4.55 billion at the end of the previous year[5]. - The total assets as of March 31, 2023, amounted to CNY 4,596,773,918.66, up from CNY 4,553,922,354.30 at the beginning of the year, indicating a growth of about 0.9%[17]. - The total liabilities increased to CNY 1,089,563,770.82 from CNY 1,064,110,876.20, reflecting an increase of approximately 2.4%[17]. - The company's equity attributable to shareholders reached CNY 3,473,901,787.39, up from CNY 3,456,516,471.72, indicating an increase of approximately 0.5%[17]. Expenses - Basic and diluted earnings per share both decreased by 25.00%, from ¥0.04 to ¥0.03[5]. - Sales expenses decreased by 38.96% year-on-year, primarily due to reduced freight costs[11]. - Research and development expenses for the quarter were CNY 17,923,517.79, compared to CNY 17,202,772.17 in the previous year, showing a slight increase[19]. - The company recorded a financial expense of CNY 566,931.79, a decrease from CNY -10,254.85 in the same period last year[19]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 53,589[11]. - The company has not undergone an audit for the Q1 report[23]. Other Income and Losses - Other income increased by 50.02% year-on-year, mainly due to an increase in government subsidies[11]. - The company experienced a 1230.36% increase in credit impairment losses, attributed to higher provisions for bad debts[11].