ST八菱(002592) - 2023 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2023 was ¥95,606,109.47, a decrease of 38.24% compared to ¥154,797,381.56 in the same period last year[5] - Net profit attributable to shareholders increased by 125.75% to ¥9,601,896.15 from ¥4,253,373.50 year-on-year[5] - The company reported a basic earnings per share of ¥0.04, doubling from ¥0.02 in the same period last year[5] - Total operating revenue for Q1 2023 was CNY 95.61 million, a decrease of 38.2% compared to CNY 154.80 million in the same period last year[31] - Net profit for Q1 2023 reached CNY 9.42 million, an increase of 118.5% compared to CNY 4.32 million in Q1 2022[32] - Total equity attributable to shareholders of the parent company was CNY 780.67 million, an increase from CNY 765.86 million year-on-year[32] - The company reported a total comprehensive income of CNY 9.41 million for Q1 2023, compared to CNY 4.38 million in Q1 2022[32] Cash Flow - The net cash flow from operating activities was -¥10,908,789.48, a significant decline of 1,760.75% compared to ¥656,860.45 in the previous year[12] - Cash received from sales of goods and services was CNY 88.97 million, a decline of 22.7% from CNY 114.94 million in the previous year[33] - The net cash flow from operating activities for Q1 2023 was -10,908,789.48 CNY, compared to 656,860.45 CNY in Q1 2022, indicating a significant decline in operational cash generation[34] - The ending balance of cash and cash equivalents decreased to 27,073,752.83 CNY from 153,323,761.75 CNY at the beginning of the period, indicating a substantial reduction in liquidity[35] - Cash outflows for operating activities totaled 103,902,826.44 CNY, compared to 115,736,057.55 CNY in the same period last year, indicating a reduction in cash expenses[34] - The cash outflow for purchasing goods and services was 62,243,812.89 CNY, down from 84,333,853.41 CNY in the previous year, suggesting improved cost management[34] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,160,653,242.52, down 2.30% from ¥1,187,940,899.74 at the end of the previous year[5] - Total liabilities as of Q1 2023 amounted to CNY 436.21 million, down from CNY 478.11 million at the end of the previous year[32] - The company’s current liabilities decreased from RMB 423,133,235.88 to RMB 382,033,882.75 during the same period[29] - The company’s accounts receivable decreased from RMB 56,648,404.83 to RMB 47,660,295.26[28] - The company’s inventory decreased from RMB 98,031,594.10 to RMB 94,545,690.39[28] Investments and Financing - Investment activities generated a net cash flow of ¥18,641,596.08, an increase of 559.70% compared to ¥2,825,777.99 in the previous year[12] - The maximum share buyback price was set at RMB 10 per share, with a total buyback fund not less than RMB 16 million and not exceeding RMB 31 million[23] - The company completed a share buyback of 6,732,000 shares, accounting for 2.38% of the total share capital, with a total transaction amount of RMB 30,993,730[24] - The net cash flow from financing activities was -19,377,237.60 CNY, compared to -1,109,450.44 CNY in Q1 2022, showing a worsening financing position[34] - The company received 17,000,000.00 CNY from borrowings in Q1 2023, down from 50,000,000.00 CNY in Q1 2022, reflecting a decrease in new debt financing[34] Shareholder Information - The total number of common shareholders at the end of the reporting period is 17,166[13] - The top 10 shareholders hold a combined 73.89% of the shares, with the largest shareholder, Yang Jingzhong, owning 23.45%[13] Legal and Compliance Issues - The company has faced 53 lawsuits related to securities false statements, with 42 cases already judged, resulting in a total compensation of approximately 1.04 million RMB[19] - Beijing Hongtian, a subsidiary, has failed to meet its profit commitment, reporting a cumulative audited net profit of -648.82 million RMB from 2019 to 2021, which is -108.4% of the promised amount[18] - The company did not conduct an audit for the Q1 2023 report, as indicated in the audit report section[36] Other Notable Events - The "Dinosaur Project" has been suspended since April 2019, with no clear timeline for resuming performances, following the termination of the venue lease with the National Stadium[21] - The company received government subsidies amounting to ¥1,125,355.66 during the reporting period[6] - The fifth employee stock ownership plan has performance assessment indicators for the years 2022, 2023, and 2024, with a distribution ratio of 40%, 30%, and 30% based on performance[25] - Research and development expenses for Q1 2023 were CNY 4.74 million, slightly up from CNY 4.32 million in the same period last year[31] - The company reported a cash inflow of 1,050,680.55 CNY from investment income, which was a notable source of cash in Q1 2022[34] - The impact of exchange rate changes on cash and cash equivalents was a positive 28,697.78 CNY, contrasting with a negative impact of -35,449.76 CNY in Q1 2022[34] - Financial expenses decreased significantly by 167.00%, mainly due to reduced interest expenses compared to the previous year[11]