海格通信(002465) - 2023 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2023 was CNY 1,034,003,874.15, representing a 10.26% increase compared to CNY 937,800,975.07 in the same period last year[3] - Net profit attributable to shareholders was CNY 42,262,143.45, a decrease of 19.06% from CNY 52,214,982.75 year-on-year[3] - The net profit after deducting non-recurring gains and losses was CNY 12,596,912.05, down 56.82% from CNY 29,173,951.97 in the previous year[3] - The total operating revenue for the first quarter of 2023 was CNY 1,034,003,874.15, an increase from CNY 937,800,975.07 in the same period last year, representing a growth of approximately 10.3%[16] - The total operating costs for the first quarter of 2023 were CNY 1,021,711,540.22, up from CNY 903,538,204.30, indicating an increase of about 13.1%[16] - The gross profit margin for the first quarter of 2023 was approximately 1.2%, down from the previous year's margin[16] - The net profit for the first quarter of 2023 was CNY 52,301,023.83, a decrease from CNY 57,052,522.97 in the same period last year, showing a decline of approximately 8.5%[16] - The net profit for Q1 2023 was CNY 42,533,978.92, a decrease of 11.4% compared to CNY 47,914,485.62 in Q1 2022[17] - The net profit attributable to the parent company was CNY 42,262,143.45, down from CNY 52,214,982.75, reflecting a decline of 19.1% year-over-year[17] - The basic and diluted earnings per share for Q1 2023 were both CNY 0.0183, compared to CNY 0.0227 in the same period last year, indicating a decrease of 19.4%[17] Cash Flow - The company's cash flow from operating activities was negative at CNY -464,855,312.38, slightly worse than CNY -444,493,848.15 in the same period last year, a change of -4.58%[3] - Cash inflow from operating activities totaled CNY 974,760,015.04, an increase from CNY 960,187,849.73 in Q1 2022[18] - Cash outflow from operating activities was CNY 1,439,615,327.42, resulting in a net cash flow from operating activities of CNY -464,855,312.38, compared to CNY -444,493,848.15 in the previous year[18] - Cash inflow from investment activities was CNY 525,825,150.04, down from CNY 1,631,248,096.99 in Q1 2022, representing a decline of 67.8%[18] - Cash outflow from investment activities was CNY 923,126,098.78, compared to CNY 2,068,402,978.23 in the same period last year[18] - Cash inflow from financing activities was CNY 424,477,524.50, an increase from CNY 303,000,000.00 in Q1 2022[19] - The net increase in cash and cash equivalents for Q1 2023 was CNY -747,740,723.71, compared to CNY -581,031,037.71 in the previous year[19] - The ending balance of cash and cash equivalents was CNY 1,941,814,287.25, down from CNY 2,004,588,032.57 at the end of Q1 2022[19] Assets and Liabilities - Total assets at the end of Q1 2023 were CNY 15,269,844,822.55, a 0.41% increase from CNY 15,207,973,915.43 at the end of the previous year[3] - The total liabilities at the end of the reporting period were CNY 3,963,948,364.39, up from CNY 3,944,611,436.19 at the beginning of the year[15] - The cash and cash equivalents decreased to CNY 1,991,735,309.30 from CNY 2,742,376,353.05, a decline of approximately 27.4%[14] - The accounts receivable increased to CNY 3,536,472,454.19 from CNY 3,431,255,248.68, reflecting an increase of about 3.1%[14] - The inventory balance at the end of the reporting period was CNY 1,841,407,895.68, up from CNY 1,635,261,836.28, indicating an increase of approximately 12.6%[14] Shareholder Information - The largest shareholder, Guangzhou Radio Group, holds 26.02% of the company's shares[10] - The second-largest shareholder, Hong Kong Central Clearing Limited, holds 2.90% of the company's shares[10] - The company has a total of 111,221 common shareholders as of the end of the reporting period[10] - The company has a total of 599,732,162 shares held by its largest shareholder[10] - The company has not disclosed any related party relationships among the top ten shareholders[11] Future Plans and Investments - The company plans to apply for a credit financing limit of up to RMB 5 billion in 2023[12] - The company intends to issue A-shares to no more than 35 investors, including its controlling shareholder, to raise funds for projects related to "Beidou + 5G" integration and satellite internet development[12] - The company has approved a three-year shareholder return plan for 2023-2025, pending shareholder meeting approval[12] - The company has approved a reduction in investment in Guangdong Longgu Tian Teng Investment Operation Co., Ltd.[12] - The company is in the process of finalizing specific contracts with banks based on actual operational needs[12] Expenses - Research and development expenses for the first quarter of 2023 amounted to CNY 211,975,370.01, compared to CNY 192,593,833.51 in the prior year, reflecting an increase of about 10%[16] - The company reported a decrease in employee compensation payable by 48.30% to CNY 47,651,485.58, primarily due to the payment of accrued year-end bonuses[7] - The company's cash flow from financing activities decreased by 61.98% to CNY 114,423,217.11 compared to CNY 300,929,690.07 in the same period last year[9] - The company reported a significant increase in other income, totaling CNY 39,000,227.76, which is a 127.65% increase from CNY 17,131,933.74 year-on-year, mainly due to increased government subsidies[8] - The company's financial assets increased by 95.14% to CNY 647,860,000.00, attributed to increased purchases of bank wealth management products[7] - The company's prepayments rose by 37.61% to CNY 188,303,234.77, mainly due to early procurement of raw materials[7]