中科电气(300035) - 2023 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2023 was ¥1,041,017,759.58, representing a 21.33% increase compared to ¥857,987,153.77 in the same period last year[5] - The net profit attributable to shareholders was a loss of ¥135,306,501.02, a decrease of 204.96% from a profit of ¥128,906,445.32 in the previous year[5] - The company's net profit for Q1 2023 was -143,544,241.54 CNY, a significant decline compared to a net profit of 128,886,577.04 CNY in Q1 2022, representing a year-over-year decrease of approximately 210%[18] - The company's basic earnings per share decreased by 192.35% to -¥0.1871 from ¥0.2026 in the same period last year[5] - The total operating profit for Q1 2023 was -150,847,403.89 CNY, contrasting with an operating profit of 147,939,272.16 CNY in Q1 2022, indicating a decline of approximately 202%[18] Cash Flow and Liquidity - The net cash flow from operating activities improved by 56.30%, reaching -¥196,165,200.52 compared to -¥448,893,139.08 in Q1 2022[5] - Cash and cash equivalents at the end of Q1 2023 totaled 1,394,885,686.91 CNY, down from 3,396,706,441.25 CNY at the end of Q1 2022, a decrease of approximately 59%[20] - The financing cash flow net amount for Q1 2023 was 549,364,774.82 CNY, a significant decrease from 2,774,911,181.75 CNY in Q1 2022, indicating a reduction of approximately 80.2%[20] Operating Costs and Expenses - The company experienced a 53.52% rise in operating costs, totaling ¥959,302,267.55, primarily due to increased sales volume and higher raw material costs[8] - Total operating costs for Q1 2023 were ¥1,123,027,812.37, up 55.7% from ¥721,289,764.36 in the same period last year[17] - The company's interest expenses rose to 43,754,524.67 CNY in Q1 2023, compared to 37,412,024.49 CNY in Q1 2022, reflecting an increase of about 17.5%[18] Research and Development - Research and development expenses surged by 158.03%, totaling ¥71,797,891.62, indicating increased investment in innovation[8] - Research and development expenses increased to 71,797,891.62 CNY in Q1 2023, compared to 27,825,227.85 CNY in Q1 2022, marking an increase of approximately 158%[18] Assets and Liabilities - The total assets at the end of Q1 2023 were ¥11,746,718,942.78, a 2.46% increase from ¥11,465,123,873.12 at the end of the previous year[5] - Total liabilities rose to ¥6,595,130,089.49, compared to ¥6,170,204,538.67 in the previous quarter, indicating an increase of 6.9%[15] - Long-term borrowings increased significantly to ¥1,527,701,038.33 from ¥1,091,214,092.40, a rise of 40%[15] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 62,717, with the largest shareholder holding 11.15% of the shares[10] - The total number of unrestricted shares held by the top 10 shareholders includes 21,084,802 shares held by China Construction Bank, representing 2.92% of the total shares[12] - The company has a total of 87,717,327 restricted shares held by executives, all set to be released on January 2, 2024[13] - The company is actively managing its shareholder structure, with key shareholders including Yu Xin and Li Aiwu, who are related and control significant portions of the company[12] Other Financial Metrics - The company reported a significant increase in trading financial assets by 128.11%, amounting to ¥200,377,511.25 due to increased bank wealth management products[7] - Accounts receivable decreased to ¥1,568,242,685.20 from ¥1,663,116,555.12, indicating a decline of about 5.7%[13] - Prepayments decreased to ¥207,228,362.81 from ¥345,123,338.23, a decline of about 40.0%[13] - The company reported a total investment cash outflow of 348,185,103.71 CNY in Q1 2023, compared to 279,247,783.80 CNY in Q1 2022, representing an increase of about 24.7%[19] - The company reported a significant increase in other receivables, which amounted to ¥47,062,750.18, compared to ¥50,081,872.88 at the beginning of the year[13] Strategic Developments - The company has not disclosed any new strategies or product developments in this quarter's report[12]