海洋王(002724) - 2023 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2023 was CNY 316,336,565.77, representing a 3.94% increase compared to CNY 304,349,340.62 in the same period last year[5] - Net profit attributable to shareholders decreased by 41.93% to CNY 9,781,713.33 from CNY 16,845,988.70 year-on-year[5] - The net profit after deducting non-recurring gains and losses was CNY -866,208.48, a decline of 107.52% compared to CNY 11,518,591.88 in the previous year[5] - Basic and diluted earnings per share decreased by 42.13% to CNY 0.0125 from CNY 0.0216 year-on-year[5] - Total operating revenue for the current period reached ¥316,336,565.77, an increase from ¥304,349,340.62 in the previous period, representing a growth of approximately 3.24%[16] - Net profit for the current period was ¥12,963,850.13, down from ¥17,938,587.71, reflecting a decrease of approximately 27.73%[17] - Total profit for the current period was ¥18,831,641.07, down from ¥24,798,245.98, a decrease of about 24.06%[17] - Basic earnings per share decreased to ¥0.0125 from ¥0.0216, reflecting a decline of approximately 42.15%[17] Cash Flow and Liquidity - The net cash flow from operating activities improved by 77.60%, reaching CNY -26,164,272.86, compared to CNY -116,813,693.30 in the same period last year[5] - Cash inflow from operating activities totaled ¥445,028,502.09, compared to ¥393,020,186.77 in the previous period, an increase of about 13.26%[20] - Cash flow from operating activities showed a net outflow of ¥26,164,272.86, an improvement from a net outflow of ¥116,813,693.30 in the previous period[19] - Investment activities resulted in a net cash outflow of ¥160,396,800.75, worsening from a net outflow of ¥18,705,863.91 in the previous period[20] - The net cash flow from financing activities was 2,634,873.78, compared to a negative cash flow of 99,200.00 in the previous year[21] - The cash and cash equivalents at the end of the period decreased to 138,422,235.08 from 198,488,507.08 year-over-year[21] - The net increase in cash and cash equivalents was -183,962,765.32, compared to -135,869,949.65 in the same period last year[21] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,706,202,073.20, down 4.11% from CNY 3,864,942,747.54 at the end of the previous year[5] - The total assets of Ocean King Lighting Technology Co., Ltd. as of the end of Q1 2023 amounted to RMB 3,706,202,073.20, a decrease from RMB 3,864,942,747.54 at the beginning of the year[13] - The company's total liabilities decreased to RMB 590,644,864.05 from RMB 760,111,110.77 at the beginning of the year, indicating a reduction of approximately 22.3%[14] - The total current liabilities decreased from RMB 732,599,296.81 to RMB 563,271,951.08, a decrease of approximately 23.1%[14] - Cash and cash equivalents decreased significantly from RMB 343,090,957.26 at the beginning of the year to RMB 151,415,980.54, a decline of approximately 55.8%[13] - Accounts receivable decreased from RMB 874,855,948.91 to RMB 750,378,014.26, representing a reduction of about 14.2%[13] - The company's short-term borrowings remained stable at RMB 29,599,408.80, unchanged from the beginning of the year[14] - The company reported a total inventory of RMB 156,195,823.40, which remained relatively stable compared to RMB 156,962,234.12 at the beginning of the year[13] Shareholder Information - The total number of common shareholders at the end of the reporting period was 18,441[9] - The largest shareholder, Zhou Mingjie, holds 65.02% of the shares, totaling 507,049,738 shares[9] - Shareholders' equity attributable to the parent company increased slightly by 0.25% to CNY 2,848,752,711.73 from CNY 2,841,530,514.72[5] Corporate Governance - The company has completed changes in its business registration and updated its articles of association, expanding its business scope[12] - The board of directors has elected new leadership, appointing Li Caifen as chairwoman and Chen Yan and Yang Zhijie as vice chairpersons[11] Operating Costs and Expenses - Total operating costs increased to ¥318,445,883.87 from ¥301,299,880.24, marking a rise of about 5.73%[16] - Research and development expenses increased to ¥26,403,934.53 from ¥22,889,548.76, indicating a rise of approximately 15.00%[16] - The gross profit margin decreased, with operating profit falling to ¥17,901,246.34 from ¥24,899,368.45, a decline of about 28.06%[16]