日发精机(002520) - 2023 Q1 - 季度财报

Financial Performance - Revenue for Q1 2023 was CNY 373,546,527.35, a decrease of 30.10% compared to CNY 534,408,085.77 in the same period last year[4] - Net profit attributable to shareholders was a loss of CNY 33,220,880.64, representing a decline of 263.42% from a profit of CNY 20,328,236.97 in the previous year[4] - Basic and diluted earnings per share were both CNY -0.04, a decrease of 300.00% compared to CNY 0.02 in the same period last year[4] - Total operating revenue for Q1 2023 was CNY 373,546,527.35, a decrease of 30.1% compared to CNY 534,408,085.77 in the same period last year[22] - Net profit for Q1 2023 was a loss of CNY 33,220,880.64, compared to a profit of CNY 20,349,221.57 in Q1 2022[24] - The total comprehensive income for Q1 2023 was CNY -33,220,880.64, compared to CNY 62,925,864.56 in the same period last year[26] Assets and Liabilities - Total assets decreased by 23.60% to CNY 5,426,016,207.17 from CNY 7,102,420,218.19 at the end of the previous year[4] - The company's total liabilities decreased to CNY 3,078,582,849.07 from CNY 3,747,390,408.31 year-over-year, a reduction of 17.8%[20] - The total liabilities of the company as of March 31, 2023, were CNY 2,507,037,879.86, down from CNY 2,664,000,000.00 at the beginning of the year, indicating a decrease of approximately 5.9%[18] - The company's current assets totaled CNY 2,407,346,604.92, down from CNY 2,896,492,987.91, indicating a decrease of about 16.9%[16] - The total equity attributable to shareholders increased to CNY 2,346,474,653.85 from CNY 2,209,484,239.65, reflecting a growth of 6.2%[20] Cash Flow - Cash flow from operating activities was CNY 46,846,760.07, down 42.31% from CNY 81,204,640.05 in the same period last year[4] - Cash inflow from operating activities was CNY 533,789,380.00, down 14.7% from CNY 625,492,154.36 in the previous year[27] - The net cash flow from operating activities for Q1 2023 was ¥46,846,760.07, a decrease of 42.3% compared to ¥81,204,640.05 in Q1 2022[28] - The company reported a total cash outflow of ¥457,030,979.85 for the quarter, compared to a smaller outflow of ¥53,536,204.55 in Q1 2022[28] - The cash and cash equivalents at the end of Q1 2023 stood at ¥604,881,136.29, down from ¥807,645,387.35 at the end of Q1 2022[28] Expenses - Cash inflow from financing activities increased significantly to ¥508,465,540.02 from ¥195,664,599.76 in Q1 2022, while cash outflow for financing activities rose to ¥983,955,181.59 from ¥403,571,471.44[28] - Financial expenses increased by 72.6% due to a higher average loan balance and increased borrowing rates compared to the previous year[11] - Sales expenses decreased by 71% due to reduced sales personnel costs after the disposal of helicopter-related business[10] - R&D expenses decreased by 71% as the pace of investment slowed in Q1 2023[10] - Research and development expenses for Q1 2023 were CNY 5,260,995.84, significantly reduced from CNY 16,904,748.37 in Q1 2022, a decrease of 68.9%[22] Operational Challenges - Main business income decreased by 30.1% due to geopolitical conflicts and the absence of helicopter-related income this year[10] - The company is closely monitoring market and geopolitical risks that may affect its operational performance and profitability in 2023[13] - Airwork has initiated legal proceedings against Olympus in Ireland, with hearings scheduled, which may impact the company's overall performance[14] - The company reported that five aircraft from Airwork remain detained in Russia, and claims will be filed based on insurance agreements as the situation develops[14] - The company has signed a profit compensation agreement with Rifa Group to protect the interests of shareholders, particularly in light of potential performance risks from Airwork due to geopolitical factors[13] Inventory and Borrowings - The inventory increased to CNY 1,243,244,848.07 from CNY 1,155,093,904.91, representing an increase of approximately 7.6%[16] - The company's short-term borrowings decreased slightly to CNY 319,531,551.98 from CNY 330,601,040.09, a reduction of about 3.2%[18] - Long-term borrowings rose significantly to CNY 1,151,944,565.91 from CNY 898,157,035.56, marking an increase of approximately 28.2%[18] Audit and Reporting - The company did not undergo an audit for the Q1 2023 report[29] - The total cash outflow from investing activities was ¥65,786,318.52, compared to ¥414,249,761.14 in the previous year, resulting in a net cash flow from investing activities of -¥25,198,619.43[28] - The cash inflow from the disposal of fixed assets was ¥248,630.62, while cash inflow from other investment-related activities was ¥40,339,068.47[28]