万安科技(002590) - 2023 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2023 was CNY 761,721,711.49, representing a 14.69% increase compared to CNY 664,133,163.27 in the same period last year[5] - Net profit attributable to shareholders was CNY 1,063,151.79, a significant turnaround from a loss of CNY 2,433,947.76, marking a 143.68% improvement[5] - Operating cash flow increased dramatically by 47,014.97%, reaching CNY 41,188,067.48, compared to a negative cash flow of CNY 87,793.01 in the previous year[5] - In Q1 2023, the company reported a net profit of -542,474.78 CNY, compared to a net loss of -5,506,285.29 CNY in the same period last year, indicating a significant improvement[17] - Operating profit for the quarter was 1,717,022.80 CNY, a recovery from a loss of -6,441,486.69 CNY in the previous year[17] - The company’s basic and diluted earnings per share were both 0.0022 CNY, compared to -0.0051 CNY in Q1 2022, indicating a positive shift in profitability[18] Assets and Liabilities - The company's total assets decreased by 2.06% to CNY 4,712,011,100.90 from CNY 4,811,335,557.53 at the end of the previous year[5] - Total assets as of March 31, 2023, were CNY 4,712,011,100.90, compared to CNY 4,811,335,557.53 at the beginning of the year, a decrease of 2.1%[15] - Total liabilities decreased to CNY 2,671,026,460.33 from CNY 2,771,558,442.18, a reduction of 3.6%[15] - The company's equity increased slightly to CNY 2,040,984,640.57 from CNY 2,039,777,115.35, a marginal increase of 0.1%[15] - Long-term borrowings decreased by 32.66%, primarily due to some long-term loans being reclassified as current liabilities[7] - Long-term borrowings decreased to CNY 113,395,471.53 from CNY 168,400,000.00, a decline of 32.7%[15] Cash Flow - The net cash flow from investment activities decreased by 32.14%, attributed to increased cash payments for fixed assets and other long-term assets[7] - The net cash flow from financing activities saw a drastic reduction of 99.74%, mainly due to a decrease in new borrowings[7] - The company's cash and cash equivalents decreased to CNY 736,098,875.88 from CNY 857,699,974.68, a decline of 14.2%[13] - The total cash and cash equivalents at the end of the quarter were 531,833,680.34 CNY, slightly down from 534,702,286.85 CNY at the end of the previous quarter[20] Revenue and Costs - Total operating revenue for Q1 2023 was CNY 761,721,711.49, an increase of 14.7% compared to CNY 664,133,163.27 in the same period last year[16] - Total operating costs for Q1 2023 were CNY 770,498,513.48, up from CNY 663,720,567.11, indicating a rise of 16.1% year-over-year[16] - The total revenue from sales of goods and services reached 619,594,421.45 CNY, up from 472,628,023.16 CNY in Q1 2022, representing a year-over-year increase of approximately 31%[19] Expenses - The company reported a 41.72% increase in taxes and surcharges, driven by higher sales[9] - Research and development expenses increased to 35,041,380.49 CNY, compared to 33,408,455.80 CNY in Q1 2022, reflecting a focus on innovation[17] - Sales expenses rose to 33,758,247.37 CNY from 29,793,383.85 CNY, reflecting increased marketing efforts[17] - The company incurred financial expenses of 5,231,632.86 CNY, up from 2,594,736.74 CNY, primarily due to increased interest expenses[17] Strategic Initiatives - The company signed a share transfer agreement with Zhejiang Jingrui Electronic Technology Co., Ltd. and others on March 8, 2023, indicating potential strategic expansion[11] - The company plans to continue focusing on market expansion and product development to drive future growth[21]