海康威视(002415) - 2023 Q1 - 季度财报

Financial Performance - Revenue for Q1 2023 was RMB 16.20 billion, a decrease of 1.94% compared to Q1 2022[4] - Net profits attributable to shareholders decreased by 20.69% year-over-year to RMB 1.81 billion[4] - Basic earnings per share fell to RMB 0.196, down 20.65% from the previous year[4] - Net profit for Q1 2023 was RMB 1.95 billion, down 19.4% from RMB 2.42 billion in Q1 2022[30] - Total comprehensive income for Q1 2023 was RMB 2.00 billion, compared to RMB 2.40 billion in Q1 2022, reflecting a decrease of 16.6%[31] Cash Flow and Liquidity - Net cash flows from operating activities improved by 15.86%, totaling RMB -3.29 billion[14] - The net cash flows from operating activities for Q1 2023 were negative at RMB 3.29 billion, an improvement from negative RMB 3.90 billion in Q1 2022[32] - Cash payments for goods purchased and services received decreased to RMB 14.49 billion in Q1 2023 from RMB 15.52 billion in Q1 2022, a reduction of about 6.7%[32] - Cash receipts from borrowings increased significantly to RMB 3.68 billion in Q1 2023 from RMB 1.54 billion in Q1 2022, marking a growth of approximately 138.5%[33] - The closing balance of cash and cash equivalents at the end of Q1 2023 was RMB 37.77 billion, compared to RMB 34.12 billion at the end of Q1 2022, reflecting an increase of about 10.5%[33] - The net increase in cash and cash equivalents for Q1 2023 was negative at RMB 2.04 billion, worsening from negative RMB 486.85 million in Q1 2022[33] - The total cash inflows from operating activities in Q1 2023 amounted to RMB 20.26 billion, up from RMB 18.73 billion in Q1 2022, indicating a growth of approximately 8.2%[32] - The effect of foreign exchange rate changes on cash and cash equivalents was a negative RMB 27.97 million in Q1 2023, compared to negative RMB 34.76 million in Q1 2022[33] Assets and Liabilities - Total assets decreased by 1.73% to RMB 117.18 billion as of March 31, 2023[4] - Total current assets decreased to RMB 95.21 billion from RMB 97.91 billion at the beginning of the year, a decline of 2.76%[29] - Total liabilities decreased to RMB 41.82 billion, down 9.4% from RMB 46.27 billion at the beginning of the year[29] - Long-term borrowings increased significantly to RMB 10.67 billion, up 42.8% from RMB 7.52 billion at the beginning of the year[29] Shareholder and Equity Information - Owner's equity attributable to shareholders increased by 2.97% to RMB 70.42 billion[4] - Total owners' equity attributable to the owner of the company increased to RMB 70.42 billion from RMB 68.39 billion at the beginning of the year, an increase of 2.99%[29] - The total number of common shareholders at the end of the reporting period was 329,519[16] - The total number of common shares held by the top shareholder, China Electronics Technology HIK Group Co., Ltd., is 3,403,879,509 shares[18] Share Repurchase and Capital Management - The company approved a share repurchase plan with a total amount not exceeding RMB2.5 billion, with a maximum repurchase price of RMB40 per share[20] - As of December 30, 2022, the company repurchased a total of 66,987,835 shares, accounting for 0.7103% of the total share capital, with a total transaction amount of RMB2,043,476,488.53[21] - The company has completed the cancellation of repurchased shares, reducing total share capital from 9,430,920,624 shares to 9,363,932,789 shares[21] - The highest transaction price during the share repurchase was RMB35.13 per share, while the lowest was RMB26.83 per share[21] - The company disclosed the progress of the share repurchase on a monthly basis, adhering to regulatory requirements[20] Strategic Investments and Developments - Hikvision plans to increase the registered capital of its subsidiary Shijiazhuang Sensortech by RMB2,398,000,000, aiming to maintain at least 56.0969% equity[24] - The company intends to introduce strategic investors for Shijiazhuang Sensortech, with a total investment of RMB1,052,800,000 for no more than 43.9031% equity[25] - Hangzhou Hikrobot Co., Ltd. received acceptance for its application to list on the SZSE ChiNext Market, indicating progress in its IPO process[22] - The company has identified two potential investors for the capital increase project of Shijiazhuang Sensortech[25] Research and Development - Research and Development (R&D) expenses increased to RMB 2.46 billion, representing a 19.1% rise from RMB 2.07 billion in Q1 2022[30] Audit and Compliance - The company did not conduct an audit for the Q1 2023 report[34]