新晨科技(300542) - 2023 Q1 - 季度财报

Report Statement and Important Notice Important Content Notice The board, supervisory board, and senior management guarantee report accuracy; financial data is declared true, and the report is unaudited - The board of directors, supervisory board, and senior management guarantee the truthfulness, accuracy, and completeness of the report content[2] - The company's head, chief accountant, and head of accounting department declare the financial information is true, accurate, and complete[3] - This first-quarter report is unaudited[4][25] Key Financial Data Key Accounting Data and Financial Indicators Q1 2023 revenue fell 37.39%, net loss and operating cash flow loss narrowed, assets and equity slightly decreased, and prior-year data adjusted Key Accounting Data and Financial Indicators for Q1 2023 | Indicator | Current Period (Yuan) | Prior Period Adjusted (Yuan) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 163,024,040.50 | 260,394,031.13 | -37.39% | | Net Profit Attributable to Shareholders | -6,343,665.22 | -6,974,845.22 | 9.05% | | Net Profit Attributable to Shareholders Excluding Non-recurring Gains and Losses | -7,530,717.01 | -7,457,424.01 | -0.98% | | Net Cash Flow from Operating Activities | -159,634,378.84 | -171,015,595.10 | 6.66% | | Basic Earnings Per Share (Yuan/share) | -0.02 | -0.02 | 0.00% | | Diluted Earnings Per Share (Yuan/share) | -0.02 | -0.02 | 0.00% | | Weighted Average Return on Net Assets (%) | -1.01% | -1.18% | 0.17% | | Indicator | End of Current Period (Yuan) | End of Prior Year Adjusted (Yuan) | Change from Prior Year-End (%) | | :--- | :--- | :--- | :--- | | Total Assets | 1,335,430,819.66 | 1,347,287,319.88 | -0.88% | | Owners' Equity Attributable to Shareholders | 622,519,123.15 | 627,963,483.81 | -0.87% | - The company changed its accounting policies and retrospectively adjusted prior-year accounting data due to the implementation of Accounting Standard Interpretation No. 16 by the Ministry of Finance regarding deferred income tax accounting treatment[5] Non-recurring Gains and Losses and Amounts Total non-recurring gains and losses were 1.19 million Yuan, primarily from government subsidies and tax refunds, positively impacting net profit Non-recurring Gains and Losses for Q1 2023 | Item | Amount for Current Period (Yuan) | Explanation | | :--- | :--- | :--- | | Government subsidies recognized in current profit or loss | 1,003,983.18 | Employment stabilization and expansion subsidies, training subsidies, additional VAT input tax deductions, disabled employment management position subsidies, financial support from Changning District Finance Bureau of Shanghai | | Other non-operating income and expenses apart from the above | -79,064.86 | - | | Other profit and loss items meeting the definition of non-recurring gains and losses | 414,636.96 | Individual income tax handling fee refunds | | Less: Income tax impact | 136,861.44 | - | | Impact on minority shareholders' equity (after tax) | 15,642.05 | - | | Total | 1,187,051.79 | - | Changes and Reasons for Key Accounting Data and Financial Indicators Multiple balance sheet and income statement items changed significantly this quarter, influenced by project reductions, increased financing costs, and shifts in impairment provisions Changes in Balance Sheet Items Year-end balance sheet items show significant changes, including increased receivables financing, prepayments, inventory, short-term borrowings, and contract liabilities, alongside decreased notes and accounts payable - Accounts receivable financing increased by 1172.94% from the beginning of the year, primarily due to an increase in bills receivable during the reporting period[8] - Prepayments increased by 235.18% from the beginning of the year, mainly due to increased advance payments to suppliers during the reporting period[8] - Inventories increased by 70.16% from the beginning of the year, primarily due to an increase in uncompleted projects during the reporting period[8] - Short-term borrowings increased by 36.36% from the beginning of the year, mainly due to an increase in bank loans during the reporting period[8] - Notes payable decreased by 100.00% from the beginning of the year, primarily due to the payment of matured notes payable during the reporting period[8] - Other current liabilities increased by 61.30% from the beginning of the year, mainly due to an increase in the company's contract liabilities from advance receipts[8] Changes in Income Statement Items Q1 2023 income statement items saw significant YoY changes: revenue and costs fell due to fewer projects, financial and tax expenses rose, investment income became zero, and credit impairment decreased while asset impairment surged - Operating revenue decreased by 37.39% year-on-year, primarily due to fewer completed and accepted system integration projects during the reporting period[8] - Operating costs decreased by 44.90% year-on-year, primarily due to fewer completed and accepted system integration projects during the reporting period[8] - Financial expenses increased by 88.72% year-on-year, mainly due to increased bank loan interest during the reporting period[9] - Investment income decreased by 100.00% year-on-year, primarily due to a reduction in the company's bank wealth management products[9] - Credit impairment losses decreased by 488.39% year-on-year, primarily due to a reduction in bad debt provisions for accounts receivable and other receivables during the reporting period[9] - Asset impairment losses increased by 635.41% year-on-year, primarily due to an increase in bad debt provisions for contract assets during the reporting period[9] Shareholder Information Total Number of Common Shareholders and Shareholding of Top Ten Shareholders As of the reporting period, the company had 23,247 common shareholders, with Li Fuhua, Kang Lu, and Zhang Yansheng as the top three, and Li Fuhua and Zhang Yansheng having pledged shares - The total number of common shareholders at the end of the reporting period was 23,247[11] Shareholding of Top 10 Shareholders | Shareholder Name | Shareholder Nature | Shareholding Percentage | Number of Shares Held (shares) | Number of Restricted Shares Held (shares