长信科技(300088) - 2023 Q1 - 季度财报

Acquisition Plans - The company plans to acquire 43.86% of its subsidiary Wuhu Changxin New Display Devices Co., Ltd., aiming to gain 100% control post-transaction[6]. Financial Position - As of the end of Q1 2023, total current assets decreased to CNY 4,544,649,365.10 from CNY 4,896,062,090.67 at the beginning of the year, a decline of approximately 7.15%[6]. - Cash and cash equivalents decreased to CNY 1,631,297,835.22 from CNY 1,709,449,366.69, a reduction of about 4.57%[6]. - Accounts receivable decreased to CNY 1,550,035,352.02 from CNY 1,791,756,062.91, representing a decline of approximately 13.48%[6]. - Total liabilities decreased to CNY 4,102,952,846.92 from CNY 4,316,570,079.47, a decrease of about 4.95%[9]. - The company's total equity increased to CNY 8,856,918,046.82 from CNY 8,748,246,258.05, an increase of approximately 1.24%[12]. - The company reported a total asset value of CNY 12,959,870,893.74, down from CNY 13,064,816,337.52, a decrease of about 0.8%[12]. - The company’s long-term equity investments increased slightly to CNY 744,592,111.61 from CNY 741,865,258.43, an increase of about 0.31%[9]. - The company’s inventory increased to CNY 866,027,934.59 from CNY 853,013,951.23, an increase of approximately 1.53%[6]. - The company’s goodwill remained stable at CNY 262,729,911.83, unchanged from the previous period[9]. Operating Performance - Total operating revenue for the current period is ¥1,471,825,241.49, a decrease of 14.29% from ¥1,716,934,434.62 in the previous period[13]. - Total operating costs decreased to ¥1,412,676,156.03, down 6.61% from ¥1,512,477,748.51 in the previous period[13]. - Net profit for the current period is ¥108,794,579.08, a decrease of 42.34% compared to ¥188,445,357.72 in the previous period[15]. - Basic earnings per share for the current period is ¥0.0425, down from ¥0.0739 in the previous period, reflecting a decrease of 42.56%[18]. Income and Expenses - Other income increased by 172.74% to ¥29,894,558.33, compared to ¥10,960,643.68 in the previous period[19]. - Investment income decreased by 63.20% to ¥4,071,853.18, down from ¥11,064,086.79 in the previous period[19]. - Financial expenses increased by 104.12% to ¥15,790,438.34, compared to ¥7,735,835.59 in the previous period, primarily due to increased exchange losses[19]. - Tax expenses decreased by 94.14% to ¥2,147,477.04, down from ¥36,636,678.35 in the previous period, due to tax incentives and increased deferred tax assets[19]. - Sales expenses decreased by 33.44% to ¥15,366,673.50, compared to ¥23,086,118.00 in the previous period, mainly due to reduced customer repair costs[19]. - Other comprehensive income after tax for the current period is -¥130,850.84, compared to ¥145,131.99 in the previous period[15]. Cash Flow - Tax refunds received increased by 252.29% compared to the same period last year, primarily due to an increase in export tax rebates[22]. - Cash paid for purchasing goods and accepting services grew by 30.07% year-on-year, mainly due to increased payments for raw material procurement[22]. - Cash paid for various taxes decreased by 44.32% compared to the previous year, mainly due to a reduction in value-added tax and its surcharges[22]. - Cash inflow from the disposal of fixed assets, intangible assets, and other long-term assets increased by 681,635.00 yuan compared to the same period last year, mainly due to an increase in fixed asset disposals[22]. - Cash paid for acquiring fixed assets, intangible assets, and other long-term assets rose by 47.92% year-on-year, primarily due to increased payments for equipment engineering[22]. - Cash paid for other investment-related activities surged by 277.67% compared to the previous year, mainly due to increased purchases of bank wealth management products[22]. - Cash received from borrowings increased by 79.04% year-on-year, primarily due to increased bank borrowings during the reporting period[22]. - Cash repaid for debts increased by 30 million yuan compared to the previous year, mainly due to an increase in repayments of due bank loans[22]. - Operating cash inflow totaled 1,588,304,267.07 yuan, down from 1,702,607,550.97 yuan in the previous year[28]. - Net cash flow from operating activities was 263,295,706.82 yuan, a decrease from 489,199,078.60 yuan in the previous year[28]. Year-on-Year Comparisons - The company's operating revenue for Q1 2023 was ¥1,471,825,241.49, a decrease of 14.28% compared to ¥1,716,934,434.62 in the same period last year[45]. - Net profit attributable to shareholders for Q1 2023 was ¥104,214,237.72, down 42.54% from ¥181,381,785.24 year-on-year[45]. - The net profit after deducting non-recurring gains and losses was ¥82,444,571.34, a decline of 51.96% compared to ¥171,610,180.64 in the previous year[45]. - The net cash flow from operating activities was ¥263,295,706.82, down 46.18% from ¥489,199,078.60 in the same period last year[45]. - Total assets at the end of the reporting period were ¥12,959,870,893.74, a decrease of 0.80% from ¥13,064,816,337.52 at the end of the previous year[45]. - The company's equity attributable to shareholders increased by 1.26% to ¥8,370,575,885.15 from ¥8,266,480,813.46 at the end of the previous year[45]. - The company reported a significant increase of 496.44% in trading financial assets compared to the beginning of the year, attributed to increased purchases of bank wealth management products[47]. - Development expenditures grew by 51.34% compared to the beginning of the year, due to increased capitalized R&D project expenditures[47]. - The company's basic earnings per share for Q1 2023 were ¥0.0425, a decrease of 42.49% from ¥0.0739 in the same period last year[45]. - The weighted average return on net assets was 1.25%, down from 2.33% in the previous year[45].