Lens(SZ:300433)2023-04-24 16:00Financial Performance - The company's revenue for Q1 2023 was ¥9,838,823,197.11, representing a 5.41% increase compared to ¥9,334,205,910.60 in the same period last year[5]. - Net profit attributable to shareholders was ¥64,548,639.71, a significant turnaround from a loss of ¥411,424,612.93 in the previous year, marking a 115.69% improvement[5]. - The basic and diluted earnings per share were both ¥0.0131, compared to a loss of ¥0.0828 per share in the same period last year, reflecting a 115.82% increase[5]. - The net profit for Q1 2023 was CNY 66,431,510.48, a significant recovery from a net loss of CNY 396,452,745.97 in Q1 2022[27]. - The gross profit margin for Q1 2023 was approximately 5.1%, compared to a negative margin in the same period last year[26]. Assets and Liabilities - The total assets decreased by 6.91% to ¥72,935,712,876.26 from ¥78,345,641,386.56 at the end of the previous year[5]. - The company reported a total liability of CNY 28,528,349,248.13, down from CNY 33,963,874,792.36 in the previous year, reflecting a reduction of about 16.1%[23]. - The company experienced a 57.28% decrease in current non-current liabilities, which fell to ¥3,010,861,096.47 from ¥7,047,277,188.60, primarily due to early repayment of bank loans[9]. - Total current assets decreased from CNY 28,611,319,293.45 at the beginning of the year to CNY 23,717,595,079.63 at the end of the reporting period, a decrease of approximately 17%[21]. - Total cash inflow from investment activities was ¥855,224,844.92, significantly lower than ¥3,456,127,088.64 in the same period last year, reflecting a decline of 75.2%[32]. Cash Flow - Cash flow from operating activities was ¥3,150,259,291.58, down 12.42% from ¥3,597,209,896.43 in the previous year[5]. - The cash flow from operating activities for Q1 2023 was CNY 13,008,943,076.01, compared to CNY 13,844,367,842.39 in Q1 2022, showing a decrease of approximately 6.0%[30]. - The net cash flow from operating activities for Q1 2023 was ¥3,150,259,291.58, a decrease of 12.4% compared to ¥3,597,209,896.43 in Q1 2022[32]. - The net cash flow from financing activities was -¥3,834,940,762.47, compared to -¥152,381,660.79 in Q1 2022, indicating a substantial increase in cash outflow[33]. - The total cash and cash equivalents at the end of Q1 2023 were ¥9,984,731,314.02, down from ¥11,920,125,912.20 at the end of Q1 2022, representing a decrease of 16.2%[33]. Shareholder Information - Total number of ordinary shareholders at the end of the reporting period is 164,466[14]. - The largest shareholder, Lens Technology (Hong Kong) Co., Ltd., holds 56.39% of shares, totaling 2,804,509,821 shares[14]. - The company has a total of 12,905,187 restricted shares at the beginning of the period, which decreased to 12,837,098 shares by the end of the period[18]. Operational Insights - The company reported a significant increase in other income, which rose by 130.53% to ¥100,125,739.45, primarily due to government subsidies received[11]. - Financial expenses increased by 112.91% to ¥268,687,310.51, mainly due to increased foreign exchange losses[11]. - The company reported a significant reduction in inventory from CNY 6,262,312,152.45 to CNY 6,685,008,694.81, indicating a potential increase in sales or production adjustments[21]. - The company is focusing on expanding its market presence and developing new technologies, although specific figures were not disclosed in the report[19]. - The company’s long-term investments decreased slightly from CNY 479,537,021.58 to CNY 462,713,796.27, indicating a strategic shift in investment focus[21].