Hytera(002583)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥856,967,728.06, a decrease of 18.21% compared to ¥1,047,775,610.64 in the same period last year[5] - The net profit attributable to shareholders was a loss of ¥56,325,223.36, an improvement of 23.36% from a loss of ¥73,494,929.56 in the previous year[5] - Total operating costs for Q1 2023 were approximately ¥953.54 million, a decrease from ¥1,141.46 million in Q1 2022, representing a reduction of about 16.5%[97] - Net profit for Q1 2023 was approximately -¥61.29 million, compared to -¥73.47 million in Q1 2022, showing an improvement of about 16.5%[98] - The company reported a total comprehensive loss of approximately -¥84.37 million in Q1 2023, compared to -¥95.83 million in Q1 2022, indicating a reduction of about 11.9%[98] - The basic earnings per share for Q1 2023 was -¥0.03, an improvement from -¥0.04 in Q1 2022[98] Cash Flow and Liquidity - The net cash flow from operating activities increased significantly to ¥79,946,286.80, up 2,017.37% from ¥3,775,743.64 in the same period last year[5] - Cash flow from operating activities generated a net inflow of ¥79.95 million in Q1 2023, compared to a net inflow of ¥3.78 million in Q1 2022, indicating a significant improvement[102] - Cash and cash equivalents at the end of Q1 2023 increased to ¥820.45 million, up from ¥690.42 million at the end of Q1 2022, reflecting a growth of approximately 18.9%[105] - The company reported a significant increase in cash and cash equivalents, with a net increase of ¥68,605,000, up 296.98% year-on-year[36] - Net cash flow from financing activities in Q1 2023 was approximately ¥466.73 million, a significant recovery from -¥97.59 million in Q1 2022[105] - Cash outflow from investing activities was approximately -¥72.72 million in Q1 2023, compared to -¥92.61 million in Q1 2022, showing a decrease of about 21.5%[105] Assets and Liabilities - Total assets at the end of the reporting period were ¥11,647,221,458.79, reflecting a 1.20% increase from ¥11,509,573,258.82 at the end of the previous year[10] - The company's equity attributable to shareholders decreased by 1.27% to ¥6,123,397,340.54 from ¥6,202,305,926.13[10] - Total current liabilities rose to ¥4,506,635,074.74 from ¥4,266,408,756.80, indicating an increase of about 5.6%[57] - The total liabilities increased to ¥5,369,257,854.11 from ¥5,147,835,286.96, reflecting an increase of approximately 4.3%[69] - The company's long-term borrowings decreased to ¥172,575,511.27 from ¥185,857,824.30, indicating a reduction of about 7.3%[60] - The company's retained earnings decreased to ¥1,257,623,104.71 from ¥1,313,948,328.07, a decline of approximately 4.3%[83] - The company reported a decrease in accounts receivable from ¥3,118,840,484.43 to ¥2,712,747,071.65, which is a reduction of about 13%[54] Shareholder Information - The total number of common shareholders at the end of the reporting period is 67,239, with the largest shareholder holding 39.25% of shares[38] - The top ten shareholders collectively hold a significant portion of the company's shares, with the largest shareholder, Chen Qingzhou, owning 712,900,884 shares[38] - The company has a total of 178,225,221 unrestricted shares held by the largest shareholder[38] - The second-largest shareholder, Shenzhen Investment Control Capital, holds 108,357,300 shares[38] - The company has a diverse shareholder base, with significant holdings from various investment funds and individual investors[38] Corporate Governance and Legal Matters - The company has a stock option incentive plan that granted 23 million stock options to 568 incentive targets on January 29, 2021[49] - The stock option plan was approved by the board and independent directors, ensuring compliance with regulatory requirements[49] - The company won a patent infringement case in Germany, with the court ruling in favor of the company on April 20, 2023[44] - The company has ongoing litigation with Motorola, with updates provided in previous annual and semi-annual reports[41] - The company is actively monitoring the progress of its litigation matters and will disclose updates as necessary[44] - The number of stock option recipients was reduced from 460 to 403 after the cancellation of 982,500 stock options due to various reasons, including performance criteria not being met[51] Miscellaneous - The company's investment income decreased by 90.95% to ¥13,000, reflecting a decline in investment returns[22] - The company's financial expenses decreased by 56.46% to ¥2,826,000, primarily due to a significant reduction in interest expenses from lower interest-bearing liabilities[21] - The company experienced a 129.85% increase in taxes and surcharges, amounting to an increase of ¥8,780,000 due to additional export-related taxes[21] - The first quarter report of the company is unaudited[106] - The board meeting of Hainengda Communication Co., Ltd. took place on April 28, 2023[107]