鼎捷软件(300378) - 2023 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2023 was CNY 358,343,820.69, representing a 10.04% increase compared to CNY 325,647,390.09 in the same period last year[4] - The net profit attributable to shareholders was a loss of CNY 10,620,766.78, an improvement of 37.31% from a loss of CNY 16,940,409.86 year-over-year[4] - The total operating revenue for the first quarter of 2023 was RMB 358,343,820.69, an increase of 10.0% compared to RMB 325,647,390.09 in the same period last year[31] - Net profit for Q1 2023 was CNY -13,247,068.26, compared to CNY -15,008,064.20 in Q1 2022, showing an improvement of about 11.7%[33] - Total comprehensive income for Q1 2023 was CNY -18,072,342.90, compared to CNY -20,382,535.97 in Q1 2022, indicating a reduction in losses of about 11.3%[33] - Basic and diluted earnings per share for Q1 2023 were both CNY -0.04, an improvement from CNY -0.06 in Q1 2022[33] Cash Flow and Liquidity - The net cash flow from operating activities was a negative CNY 222,512,516.21, which is a decline of 21.35% compared to the previous year's negative CNY 183,361,567.75[4] - Cash flow from operating activities for Q1 2023 was CNY -222,512,516.21, worsening from CNY -183,361,567.75 in Q1 2022[36] - Cash and cash equivalents decreased from RMB 1,090,909,997.07 to RMB 790,497,753.33, a decline of approximately 27.5%[27] - Cash and cash equivalents at the end of Q1 2023 stood at CNY 788,145,186.85, down from CNY 1,088,557,430.59 at the beginning of the period[37] - The company reported a net cash decrease of CNY 300,412,243.74 in Q1 2023, compared to a decrease of CNY 255,614,587.68 in Q1 2022[37] - Cash inflow from investment activities was CNY 276,096,452.65 in Q1 2023, compared to CNY 175,962,844.75 in Q1 2022, marking an increase of approximately 57.1%[36] - Cash outflow from financing activities in Q1 2023 was CNY 69,192,464.57, down from CNY 185,185,437.75 in Q1 2022, indicating a decrease of about 62.7%[37] Assets and Liabilities - Total assets decreased by 8.40% to CNY 2,617,056,554.97 from CNY 2,856,974,247.83 at the end of the previous year[5] - The total current assets decreased from RMB 1,758,527,447.98 at the beginning of the year to RMB 1,446,237,300.44, a reduction of approximately 17.7%[27] - The total non-current assets increased from RMB 1,098,446,799.85 to RMB 1,170,819,254.53, reflecting a growth of about 6.6%[29] - Total liabilities decreased from RMB 925,932,577.80 to RMB 692,636,423.63, a decline of approximately 25.2%[30] - The company's short-term borrowings amounted to RMB 27,036,000.00, indicating a new liability[30] Shareholder and Equity Information - The company's equity attributable to shareholders slightly decreased by 0.22% to CNY 1,838,758,238.67 from CNY 1,842,748,404.99[5] - The company repurchased a total of 4,200,000 shares, accounting for 1.57% of the total share capital, with a total transaction amount of RMB 69,942,288[22] - The maximum transaction price during the repurchase was RMB 19.28 per share, while the minimum was RMB 14.35 per share[22] - The company has completed its share repurchase plan, with the total repurchase funds exceeding the lower limit of RMB 50 million set in the plan[21] - The first exercise period of the stock option plan allows for the exercise of 204,000 options, representing 0.08% of the total share capital, at an exercise price of RMB 22.11 per option[20] - The company’s stock option plan was approved by the board on December 21, 2022, and the exercise period is from January 17, 2023, to December 19, 2023[20] - The company aims to maintain a stable equity structure and promote sustainable development through its stock repurchase and employee stock ownership plans[22] - The company’s major shareholders include Foxconn Industrial Internet Co., Ltd., holding 39,971,265 shares, and TOP PARTNER HOLDING LIMITED, holding 18,912,242 shares[19] - The company’s stock repurchase plan was initiated on May 13, 2022, and was set to last for a maximum of 12 months[21] - The company’s stock option plan is part of its broader strategy to incentivize employees and align their interests with those of shareholders[20] Operational Highlights - Accounts receivable decreased by approximately CNY 56,003,000 (-32.55%) due to the maturity and acceptance of previous receivables[7] - Inventory increased by approximately CNY 18,737,000 (38.72%) to meet operational demands[8] - The company reported an increase in development expenditures by approximately CNY 19,673,600 (90.11%) due to increased spending in R&D projects[9] - Research and development expenses increased to CNY 50,182,642.79 in Q1 2023 from CNY 43,318,895.26 in Q1 2022, reflecting a rise of approximately 15.9%[32] Governance and Management Changes - The company has undergone a change in its supervisory board, with a new non-employee representative supervisor elected on March 9, 2023[24] - The board of directors of Dingjie Software Co., Ltd. held a meeting on April 26, 2023[39] Capital Increase - After the capital increase, the registered capital of Nanjing Dinghua will rise from RMB 62,829,843.00 to RMB 67,856,231.00, with the company's stake decreasing from 55.7060% to 51.5796%[26] - The capital increase agreement involved a total investment of RMB 60 million, with RMB 50 million from the financial technology fund and RMB 10 million from XG Technology[25] - The company will not change the scope of consolidation as a result of this capital increase[26]