BROADEX(SZ:300548)2023-04-24 16:00Financial Performance - The company's revenue for Q1 2023 was ¥393,448,692.22, representing a 31.11% increase compared to ¥300,080,558.33 in the same period last year[5] - Net profit attributable to shareholders was ¥36,607,060.16, a slight increase of 1.90% from ¥35,925,280.05 year-on-year[5] - The net profit after deducting non-recurring gains and losses decreased by 36.34% to ¥20,455,353.97 from ¥32,132,412.23 in the previous year[5] - Sales revenue for the first quarter was approximately ¥151.15 million, a decrease of 42.14% compared to ¥261.23 million in the same period last year, primarily due to a reduction in cash received for goods sold[10] - Operating profit for the first quarter was CNY 42,170,527.28, up from CNY 38,828,741.44, reflecting a growth of 8.7%[23] - The company reported a total comprehensive income of CNY 37,335,446.78, compared to CNY 35,525,629.95 in the same quarter last year, indicating an increase of 5.1%[24] Cash Flow and Liquidity - The company reported a significant decline in net cash flow from operating activities, which was -¥55,580,621.58, down 180.98% from ¥68,636,800.10 in the same period last year[5] - Operating cash flow turned negative at approximately -¥55.58 million, a decline of 180.98% from ¥68.64 million in the previous year, attributed to decreased cash receipts[10] - Cash and cash equivalents at the end of the period were approximately ¥659.53 million, an increase of 39.72% from ¥472.04 million at the end of the same period last year, mainly due to increased cash receipts in the prior year[10] - The company’s cash and cash equivalents stood at CNY 659.53 million, down from CNY 692.19 million at the beginning of the year[18] - The company generated CNY 172,254,778.87 in cash inflows from operating activities, down from CNY 281,142,049.49 in the previous year, a decline of 38.8%[27] Investment and Expenses - Research and development expenses increased by 40.27% to ¥19,660,140.18, up from ¥14,016,253.01 year-on-year, indicating a focus on innovation[9] - The investment income surged by 2538.72% to ¥14,481,150.80 compared to ¥548,794.28 in the previous year, reflecting improved performance from joint ventures[9] - Cash outflow for fixed asset purchases increased by 414.19%, reaching approximately ¥17.03 million, compared to ¥3.31 million in the previous year, due to higher project payments[10] - The company incurred total sales expenses of CNY 1,502,083.72, slightly up from CNY 1,498,285.61 in the previous year[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,228,911,785.35, a decrease of 2.06% from ¥2,275,898,099.09 at the end of the previous year[5] - Total liabilities decreased to CNY 497.52 million from CNY 585.47 million at the start of the year[20] - The company reported a total equity of CNY 1.73 billion, an increase from CNY 1.69 billion at the beginning of the year[20] - The company’s inventory decreased to CNY 352.87 million from CNY 397.73 million at the beginning of the year[19] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 22,548[12] - The largest shareholder, Changfei Optical Fiber Cable Co., Ltd., held 12.73% of shares, totaling 33,384,099 shares[12] Other Notable Changes - The company experienced an 80.75% increase in receivables financing, reaching ¥6,523,494.96, primarily due to bank acceptance bills used for endorsement transfer[8] - The company reported a 68.59% decrease in short-term borrowings, which fell to ¥40,000,000.00 from ¥127,359,840.33, due to the expiration of bank acceptance bill discounts[8] - The impact of exchange rate fluctuations on cash and cash equivalents was negative, amounting to approximately -¥897,085.02, a decline of 899.42% compared to -¥89,760.21 in the previous year[10] - The company plans to issue shares to specific targets, with approval received from the China Securities Regulatory Commission on April 6, 2023[16]