金龙机电(300032) - 2023 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2023 reached CNY 870,665,870.32, representing a 43.83% increase compared to CNY 605,323,128.89 in the same period last year[5] - Net profit attributable to shareholders was CNY 24,097,131.97, a significant increase of 96.52% from CNY 12,261,997.97 year-on-year[5] - The company reported a basic earnings per share of CNY 0.0300, which is a 96.08% increase from CNY 0.0153 in the same quarter last year[5] - The total comprehensive income attributable to the parent company was CNY 24,198,411.73, compared to CNY 12,246,111.54 in the previous period, representing a growth of 97.5%[25] - Net profit for Q1 2023 was ¥23,548,725.35, up from ¥8,349,280.82 in Q1 2022, reflecting a growth of approximately 182.5%[24] Cash Flow - The net cash flow from operating activities was CNY 15,114,961.44, up 103.80% from CNY 7,416,478.58 in the previous year[5] - Cash inflow from operating activities totaled CNY 1,349,790,567.75, up from CNY 628,356,595.00, reflecting a growth of 114.5%[26] - The net cash flow from investing activities was -CNY 20,705,519.68, an improvement from -CNY 27,043,155.48 in the previous period[27] - The company reported a decrease in cash flow from financing activities, with a net cash flow of CNY 213,654.01 compared to -CNY 7,931,231.71 in the previous period[27] Assets and Liabilities - Total assets decreased by 14.24% to CNY 2,764,777,453.09 from CNY 3,223,908,715.63 at the end of the previous year[5] - Total liabilities for Q1 2023 were ¥1,569,875,168.73, down from ¥2,052,585,834.86 in Q1 2022, showing a reduction of about 23.5%[21] - The company's total equity as of Q1 2023 was ¥1,194,902,284.36, compared to ¥1,171,322,880.77 in the previous year, reflecting a growth of about 2.0%[21] Research and Development - The company increased its R&D expenditure by 87.86% to CNY 4,003,452.36, reflecting a focus on motor development[8] - Research and development expenses for Q1 2023 were ¥22,886,081.19, compared to ¥26,413,526.78 in Q1 2022, indicating a decrease of about 13.3%[23] Inventory and Receivables - The company experienced a 40.69% decrease in accounts receivable, down to CNY 492,282,663.56 from CNY 829,988,413.92, primarily due to the collection of overdue payments[8] - Inventory decreased by 30.00% to CNY 398,765,622.53, attributed to customer settlements of previously delivered goods[8] - Accounts receivable decreased significantly to CNY 492,282,663.56 from CNY 829,988,413.92, representing a decline of approximately 40.5%[19] - Inventory levels decreased to CNY 398,765,622.53 from CNY 569,631,495.32, showing a reduction of about 30.0%[19] Investment and Income - Investment income rose by 86.93% to CNY 21,268,034.49, driven by improved profitability from associated enterprises[8] - The investment income for Q1 2023 was ¥21,268,034.49, significantly higher than ¥11,377,329.22 in Q1 2022, representing an increase of approximately 86.5%[24] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 28,845[10] - The largest shareholder, Hebei Ningrui Woge Enterprise Management Consulting Co., Ltd., holds 16.49% of the shares, totaling 132,426,713 shares[10] Other Financial Metrics - The company reported a significant increase in income tax expenses, which rose by 6,877.95% to CNY 2,403,911.81, attributed to changes in deferred tax assets and liabilities[9] - The company experienced a 49.39% decrease in tax refunds received, totaling CNY 14,001,031.92, due to reduced export tax rebates compared to the previous year[9] - The cash paid for dividends and interest decreased by 57.83% to CNY 2,400,000.01, reflecting a reduction in borrowing costs compared to the previous year[9] Legal and Regulatory - The company paid a total of USD 11.5 million in settlement related to the trademark litigation with SinCo Technologies Pte., Ltd.[14] - The company has faced a warning letter from the Zhejiang Securities Regulatory Bureau as of January 3, 2023[17] Future Plans - The company is in the process of acquiring approximately 81 acres of land for a new production base, although the bidding process has not yet commenced[16]