勤上股份(002638) - 2023 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2023 was ¥88,929,676.19, a decrease of 66.56% compared to ¥265,949,519.03 in the same period last year[5] - Net profit attributable to shareholders was ¥129,766,897.73, an increase of 443.65% from a loss of ¥37,761,769.17 in the previous year[5] - The net cash flow from operating activities was ¥14,660,665.53, a significant improvement of 134.97% compared to a negative cash flow of ¥41,925,296.61 last year[5] - Basic and diluted earnings per share were both ¥0.0897, reflecting a 457.37% increase from a loss of ¥0.0251 per share in the same period last year[5] - Total operating revenue for Q1 2023 was ¥88,929,676.19, a decrease of 66.6% compared to ¥265,949,519.03 in the same period last year[28] - The net profit for Q1 2023 was ¥129,762,265.13, compared to a net loss of ¥37,765,793.51 in Q1 2022, indicating a significant turnaround[29] - The gross profit margin for Q1 2023 improved to 28.5%, compared to a negative margin in the previous year[28] - The total comprehensive income for Q1 2023 was ¥129,402,475.20, a significant recovery from a loss of ¥37,163,342.59 in Q1 2022[29] Cash Flow and Assets - Cash and cash equivalents decreased by 31.44% compared to the beginning of the period, primarily due to payments for goods[9] - The company's total current assets decreased from CNY 1,668,384,835.48 at the beginning of the year to CNY 1,592,380,219.93 by the end of March 2023, a reduction of approximately 4.56%[25] - Cash and cash equivalents decreased from CNY 257,652,536.27 to CNY 176,643,633.76, representing a decline of about 31.5%[25] - The company's inventory decreased from CNY 267,827,479.90 to CNY 237,877,658.24, a decrease of approximately 11.2%[25] - The company's non-current assets increased from CNY 1,328,998,098.11 to CNY 1,404,919,130.88, an increase of about 5.7%[25] - The cash and cash equivalents at the end of Q1 2023 amounted to ¥133,612,746.64, down from ¥450,021,585.25 at the end of Q1 2022[33] - The company’s net increase in cash and cash equivalents for Q1 2023 was -¥86,727,408.89, compared to -¥317,973,599.35 in Q1 2022[33] Shareholder Information - The total number of common shareholders at the end of the reporting period is 34,970[14] - Dongguan Qinsun Group holds 254,965,370 shares, accounting for 17.63% of the total share capital, with 253,025,000 shares pledged[14] - Huaxia Life Insurance holds 109,650,792 shares, representing 7.58% of the total share capital[14] - The company plans to issue 433,000,000 shares to specific targets, pending approval from the shareholders' meeting and regulatory authorities[17] - The actual controller of the company has changed to Mr. Li Junfeng, with the voting rights of 431,625,528 shares, accounting for 29.84% of the total share capital, being entrusted to Jingtengda[17] - The company’s major shareholders include Li Xuliang with 88,183,421 shares (6.10%) and Yang Yong with 82,081,128 shares (5.67%)[14] Legal and Regulatory Matters - The company is involved in a legal dispute regarding the equity transfer of Huaxia Life and Yang Yong, with the Supreme Court rejecting the company's retrial application, but the company can still participate in the distribution of proceeds from any future sale of Yang Yong's shares[20] - The company achieved significant progress in recovering performance compensation from Huaxia Life, having repurchased and canceled 59,661,376 shares as part of a settlement agreement signed in January 2023[18] - The company won a first-instance judgment against other performance compensation obligors in November 2022, which became effective in January 2023, and has since applied for enforcement[19] - The company is actively participating in litigation to protect its rights and interests related to the real estate transaction with Dongguan Weiliang Electric Co., Ltd., and has received a commitment from a specific investor to mitigate potential losses[22] - The company continues to monitor the progress of various legal matters and will fulfill its information disclosure obligations to protect shareholder interests[22] Research and Development - Research and development expenses increased by 61.94% compared to the previous year, indicating a focus on innovation and product development[10] - Research and development expenses for Q1 2023 were ¥1,920,354.02, up 62.0% from ¥1,185,870.46 in the same period last year, reflecting increased investment in innovation[28] Other Financial Metrics - The total liabilities as of the end of Q1 2023 were ¥263,030,107.04, an increase of 9.7% from ¥239,783,042.46 at the end of the previous year[28] - The total equity attributable to shareholders of the parent company was ¥2,734,024,297.04, a slight decrease from ¥2,757,350,311.80 year-over-year[28] - Total cash inflow from investment activities was ¥642,459,752.37, while cash outflow for investment activities was ¥743,343,338.73, resulting in a net cash flow of -¥100,883,586.36[32] - The total cash outflow from operating activities was ¥105,565,658.57, compared to ¥289,884,782.12 in Q1 2022, indicating a reduction in cash outflow[32] - The company did not report any cash inflow from financing activities in Q1 2023[33] - The impact of exchange rate changes on cash and cash equivalents was a decrease of ¥504,488.06 in Q1 2023[33] - The report for Q1 2023 was not audited[34]