Financial Performance - The company's revenue for Q1 2023 was ¥84,756,187.76, a decrease of 45.20% compared to ¥154,664,045.39 in the same period last year[5] - The net profit attributable to shareholders was -¥806,977.12, representing a decline of 417.53% from ¥254,145.17 in the previous year[5] - The net cash flow from operating activities was -¥3,944,367.42, a decrease of 129.83% compared to ¥13,223,902.37 in the same period last year[5] - The company's basic and diluted earnings per share were both -¥0.0081, a decrease of 411.54% from ¥0.0026 in the same period last year[5] - The company experienced a 67.35% decrease in total profit compared to the previous year, primarily due to declining revenue and increased marketing costs[10] - The net profit for Q1 2023 was a loss of ¥772,783.42, compared to a profit of ¥2,163,092.90 in Q1 2022[23] - The net profit attributable to the parent company for Q1 2023 was -806,977.12 yuan, compared to a profit of 254,145.17 yuan in the same period last year, indicating a significant decline[24] - The total comprehensive income for the parent company in Q1 2023 was -806,977.12 yuan, down from 254,145.17 yuan in Q1 2022[24] Assets and Liabilities - The total assets at the end of the reporting period were ¥847,580,465.88, down 4.50% from ¥887,519,477.55 at the end of the previous year[5] - Total current assets decreased to ¥433,862,458.63 from ¥470,407,264.56, a decrease of 7.8%[20] - Total liabilities decreased to ¥177,009,730.35 from ¥216,175,958.60, a reduction of 18.1%[20] - The company's total assets decreased to ¥847,580,465.88 from ¥887,519,477.55, a decline of 4.5%[20] Cash Flow - Cash and cash equivalents decreased to ¥50,941,790.43 from ¥78,645,634.14 at the beginning of the year, a decline of 35.3%[20] - The company reported cash inflows from operating activities totaling 59,442,665.01 yuan, compared to 148,687,481.97 yuan in the previous year, reflecting a decrease of approximately 60%[27] - The cash outflows from operating activities were 63,387,032.43 yuan, compared to 135,463,579.60 yuan in the same period last year[27] - The net cash flow from investing activities was -16,987,622.70 yuan, a decline from 10,555,045.18 yuan in Q1 2022[27] - The net cash flow from financing activities was -6,410,809.43 yuan, compared to a positive flow of 61,916,281.67 yuan in the previous year[28] - The company received 24,000,000.00 yuan from other investment-related cash inflows, down from 146,646,333.22 yuan in the previous year[27] Shareholder Information - Total number of common shareholders at the end of the reporting period is 8,305[12] - The largest shareholder, Xu Quan Hai, holds 13.88% of shares, totaling 13,806,816 shares, with 10,355,112 shares pledged[12] - The second largest shareholder, Fu Xiao Tong, holds 9.41% of shares, totaling 9,364,377 shares[12] - Hainan Li'an Investment Partnership holds 6.96% of shares, totaling 6,921,065 shares, with all shares pledged[12] - The total number of restricted shares at the end of the period is 32,082,609 shares, with 1,288,575 shares released during the period[16] - Xu Quan Hai and Xu Meng Fei are identified as acting in concert, holding a combined total of 15,375,681 shares[13] - Hainan Li'an Investment Partnership's shares were subject to judicial freezing as of February 1, 2023[17] - The company plans to release restricted shares on July 25, 2023, as per the acquisition report[15] - The total number of shares held by the top ten shareholders is significant, indicating concentrated ownership[12] Expenses - The company's research and development expenses decreased by 51.29% compared to the same period last year, primarily due to the exclusion of the subsidiary Yingmai Communication's R&D expenses from consolidation[10] - The company's financial expenses increased by 97.56% year-on-year, mainly due to increased interest on bank loans[10] - The company reported a significant increase in financial expenses, with Q1 2023 expenses at ¥1,494,521.39 compared to ¥756,507.73 in Q1 2022, an increase of 97.5%[23] Operational Metrics - Total operating revenue for Q1 2023 was ¥84,756,187.76, a decrease of 45.2% compared to ¥154,664,045.39 in the same period last year[22] - Total operating costs for Q1 2023 were ¥86,204,333.19, down 43.4% from ¥152,780,264.14 year-on-year[23] - Cash and cash equivalents at the end of Q1 2023 stood at 46,560,468.56 yuan, down from 220,556,086.34 yuan at the end of Q1 2022[28] - Accounts receivable decreased to ¥220,505,104.10 from ¥232,984,595.06, a reduction of 5.4%[20] - Inventory decreased to ¥76,821,141.39 from ¥90,143,699.66, a decline of 14.7%[20] Audit Information - The company did not conduct an audit for the Q1 2023 report[29]
万隆光电(300710) - 2023 Q1 - 季度财报