威唐工业(300707) - 2023 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2023 was CNY 157.62 million, a decrease of 29.00% compared to CNY 221.99 million in the same period last year[3]. - The net profit attributable to shareholders for Q1 2023 was a loss of CNY 3.78 million, down 123.32% from a profit of CNY 16.22 million in the previous year[3]. - Total operating revenue for Q1 2023 was CNY 157,620,470.34, a decrease of 29.0% compared to CNY 221,987,126.49 in the same period last year[24]. - Net profit for Q1 2023 was a loss of CNY 4,010,687.96, compared to a profit of CNY 16,165,996.51 in Q1 2022, representing a significant decline[25]. - The total comprehensive income attributable to the parent company was -3,795,876.40 CNY, compared to 16,243,618.91 CNY in the previous period[26]. - Basic earnings per share decreased to -0.0241 CNY from 0.1035 CNY year-over-year[26]. Cash Flow and Assets - The net cash flow from operating activities for Q1 2023 was CNY 14.91 million, a decline of 27.17% from CNY 20.48 million in the same period last year[3]. - Cash inflow from operating activities was 191,875,772.38 CNY, down 19.0% from 236,570,983.91 CNY in the previous period[28]. - Cash inflow from investment activities was 160,499,481.93 CNY, an increase from 146,833,746.10 CNY in the previous period[29]. - The ending balance of cash and cash equivalents was 460,666,748.17 CNY, up from 344,240,695.72 CNY year-over-year[29]. - Cash received from tax refunds decreased by 37.47% to CNY 4.37 million, attributed to a reduction in export tax rebates[11]. - Cash received from other operating activities fell by 67.99% to CNY 4.13 million, mainly due to prior period equipment prepayments[11]. - Cash paid for fixed assets and other long-term assets decreased by 84.70% to CNY 8.80 million, reflecting reduced investment in major projects[11]. - The net increase in cash and cash equivalents was 61,108,518.08 CNY, significantly higher than 10,972,959.51 CNY in the previous period[29]. Assets and Liabilities - The company's total assets at the end of Q1 2023 were CNY 1.54 billion, an increase of 4.03% from CNY 1.48 billion at the end of the previous year[3]. - Total assets as of March 31, 2023, amounted to CNY 1,544,238,483.89, up from CNY 1,484,407,102.20 at the beginning of the year, indicating a growth of 4.0%[22]. - Current liabilities increased to CNY 355,326,803.45 from CNY 283,784,221.08, marking a rise of 25.2%[22]. - The total equity attributable to shareholders decreased to CNY 811,525,791.38 from CNY 815,344,183.55, a decline of 0.3%[24]. - The company reported a significant increase in short-term borrowings, which rose to CNY 120,053,888.88 from CNY 60,059,782.71, a 99.5% increase[22]. Business Operations - The revenue from the stamping mold business decreased by 62.72% year-on-year, while the welding parts business revenue increased by 0.31%[7]. - The company reported a significant increase in contract liabilities by 30.76% to CNY 39.63 million, attributed to a higher number of new orders in the mold business[10]. - The company has faced challenges due to external factors affecting the stamping mold business, leading to delayed revenue recognition in Q1 2023[9]. - The market share of new energy vehicles in China reached 26.1% in Q1 2023, with production and sales of new energy vehicles growing by 27.7% and 26.2% year-on-year, respectively[6]. - The company aims to leverage the global trend of electrification in the automotive industry and has begun to bind with major automotive manufacturers as a strategic goal[6]. Expenses - Financial expenses for Q1 2023 increased by 352.97% to CNY 7.97 million, primarily due to the interest on convertible bonds[10]. - Operating expenses rose to CNY 95.46 million, an increase of 2,335.29% primarily from increased donation expenditures[11]. - Research and development expenses for Q1 2023 were CNY 6,753,418.35, slightly up from CNY 6,559,740.45 in the previous year[25]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 14,257[13]. - The company is in the process of issuing shares to specific investors, pending approval from the Shenzhen Stock Exchange and the China Securities Regulatory Commission[18]. Audit Status - The first quarter report was not audited[30].