宸展光电(003019) - 2023 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2023 was ¥364,319,830.71, a decrease of 27.62% compared to ¥503,333,812.18 in the same period last year[5]. - Net profit attributable to shareholders was ¥37,755,048.86, down 35.90% from ¥58,900,771.71 year-on-year[5]. - The net profit after deducting non-recurring gains and losses was ¥28,451,552.42, reflecting a decline of 48.28% compared to ¥55,011,001.20 in the previous year[5]. - The company reported a basic earnings per share of ¥0.2600, down 35.00% from ¥0.4000 in the same period last year[5]. - The weighted average return on equity decreased to 2.45% from 4.40% year-on-year[5]. - The total profit decreased by 34.82% to ¥49,397,206.63, reflecting the impact of global economic conditions[14]. - The company reported a total comprehensive income of CNY 37,123,211.47 for Q1 2023, down from CNY 55,479,513.75 in Q1 2022[26]. Cash Flow and Operating Activities - The net cash flow from operating activities increased significantly by 884.22%, reaching ¥50,608,268.99, compared to ¥5,141,966.27 in the same period last year[5]. - Cash flow from operating activities increased significantly by 884.22% to ¥50,608,268.99 due to improved inventory management and collection efforts[15]. - Total revenue from sales decreased, leading to a 30.30% reduction in cash outflows from operating activities to ¥332,322,181.36[15]. - Operating cash flow net amount increased significantly to CNY 50,608,268.99 from CNY 5,141,966.27 year-over-year[29]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,007,807,835.78, an increase of 8.49% from ¥1,850,731,328.33 at the end of the previous year[5]. - The company's total liabilities rose by 34.76% to ¥443,866,412.07 from ¥329,384,338.84 year-end[13]. - The total current liabilities rose to RMB 410,059,853.13 from RMB 308,450,656.04, marking an increase of around 32.9%[23]. - The company's long-term equity investment reached RMB 45,195,195.60, up from zero at the beginning of the year[21]. - The company's capital reserve increased to RMB 890,381,801.48 from RMB 885,091,121.72, showing a growth of about 0.3%[23]. Costs and Expenses - Operating costs decreased by 31.20% to ¥256,458,929.69 compared to the same period last year[14]. - Total operating costs decreased by 23.9% to CNY 322,331,382.77 from CNY 423,764,952.43 year-over-year[25]. - Research and development expenses increased by 43.00% to ¥16,421,592.95 year-over-year[14]. - Research and development expenses rose to CNY 16,421,592.95, an increase of 43.3% compared to CNY 11,483,709.09 in Q1 2022[25]. Investments and Other Income - The company invested RMB 33 million in Shaanxi Ruixin Electronic Information Technology Co., acquiring a 30% stake, which was completed on March 1, 2023[20]. - The company received government subsidies amounting to ¥2,582,120.73, a 115.76% increase compared to the previous year[14]. - The company reported a significant increase in other income, up 219,815.07% to ¥4,832,435.84, primarily from customer compensation[14]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 15,598[17]. Foreign Exchange and Risks - The company experienced a foreign exchange loss of CNY 631,837.39 in Q1 2023, compared to a loss of CNY 3,421,257.96 in Q1 2022[26]. - Short-term borrowings increased by 178.45% to ¥201,897,424.93, primarily to reduce the net position in USD and control exchange loss risks[12]. - The company plans to invest in high-yield financial products and has increased its dollar borrowings by 429.09% to ¥163,588,665.14 to manage foreign exchange risks[15].