德恩精工(300780) - 2023 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2023 was ¥105,696,510.78, a decrease of 32.47% compared to ¥156,511,065.36 in the same period last year[5] - Net profit attributable to shareholders was ¥7,503,119.73, down 71.89% from ¥26,687,479.43 year-on-year[5] - The net profit excluding non-recurring gains and losses was ¥4,035,761.87, reflecting an 82.56% decline from ¥23,140,449.48 in the previous year[5] - Basic and diluted earnings per share were both ¥0.05, down 72.22% from ¥0.18 in the previous year[5] - The net profit for Q1 2023 was CNY 7,580,288.37, a decrease of 71.5% compared to CNY 26,610,096.23 in Q1 2022[17] - Operating profit for Q1 2023 was CNY 9,721,242.86, down 69.0% from CNY 31,485,330.92 in the same period last year[17] - Total comprehensive income for Q1 2023 was CNY 7,580,288.37, down 71.5% from CNY 26,610,096.23 in Q1 2022[18] - Basic earnings per share for Q1 2023 were RMB 0.05, compared to RMB 0.18 in Q1 2022[27] Cash Flow and Liquidity - Operating cash flow for the quarter increased significantly by 160.60% to ¥35,411,466.27, compared to ¥13,588,525.38 in the same period last year[5] - Cash flow from operating activities generated a net amount of CNY 35,411,466.27, compared to CNY 13,588,525.38 in Q1 2022, indicating a significant improvement[21] - The ending cash and cash equivalents balance as of March 31, 2023, was RMB 207,631,168.41, up from RMB 78,274,499.19 as of March 31, 2022, reflecting an increase of approximately 165.5%[29] - The company received RMB 4,645,146.05 in cash related to operating activities in Q1 2023, down from RMB 8,510,110.85 in Q1 2022, a decrease of about 45.5%[29] - The company paid RMB 22,488,956.61 to employees in Q1 2023, a decrease from RMB 36,571,934.95 in Q1 2022, representing a reduction of approximately 38.5%[29] Assets and Liabilities - Total assets at the end of the quarter were ¥2,204,620,821.08, a slight decrease of 0.49% from ¥2,215,548,071.25 at the end of the previous year[5] - The company's cash and cash equivalents at the end of Q1 2023 were CNY 222,690,136.14, slightly down from CNY 225,967,717.47 at the beginning of the year[12] - Accounts receivable decreased to CNY 87,018,296.53 from CNY 120,742,379.48, reflecting a reduction of 28.0%[13] - Inventory increased to CNY 523,990,823.00 from CNY 513,831,004.06, showing a rise of 2.3%[13] - Total liabilities decreased to CNY 977,832,694.59 from CNY 996,646,975.90, a decrease of 1.8%[14] - Short-term borrowings decreased significantly to CNY 178,735,505.15 from CNY 258,132,005.15, a reduction of 30.8%[14] - Long-term borrowings increased to CNY 482,005,913.22 from CNY 328,000,000.00, an increase of 46.9%[14] - Total current assets decreased to RMB 897,225,264.31 as of March 31, 2023, from RMB 915,304,621.26 as of December 31, 2022, a decline of 2.4%[24] - Total non-current assets increased slightly to RMB 1,307,395,556.77 as of March 31, 2023, from RMB 1,300,243,449.99 as of December 31, 2022[24] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 14,463[8] - Major shareholder Lei Yongzhi holds 20.26% of the shares, with a total of 29,717,135 shares, of which 22,287,851 shares are pledged[8] Government Support - The company received government subsidies amounting to ¥3,695,199.88 during the quarter, contributing positively to non-recurring gains[6] Research and Development - Research and development expenses increased to CNY 5,128,679.03, up 43.3% from CNY 3,578,827.99 in Q1 2022[17] Financial Expenses - The company incurred financial expenses of CNY 7,209,788.57, which is a significant increase from CNY 4,050,244.45 in the previous year[17] Borrowings - The company raised CNY 149,500,000.00 through borrowings in Q1 2023, compared to CNY 60,000,000.00 in Q1 2022[21]