Financial Performance - The company's revenue for Q1 2023 was CNY 405.46 million, a decrease of 10.75% compared to the same period last year[4]. - Net profit attributable to shareholders was CNY 35.01 million, an increase of 143.94% year-on-year[4]. - The net profit excluding non-recurring gains and losses was CNY 29.13 million, up 165.51% from the previous year[4]. - Basic earnings per share were CNY 0.0828, reflecting a growth of 143.53% compared to the same period last year[4]. - Total operating revenue for Q1 2023 was CNY 405,462,081.62, a decrease of 10.74% compared to CNY 454,290,527.13 in Q1 2022[20]. - Net profit for Q1 2023 reached CNY 32,577,426.48, significantly up from CNY 13,342,342.08 in Q1 2022, representing a year-on-year increase of 144.4%[21]. - The total comprehensive income for the first quarter of 2023 was CNY 34,732,829.74, compared to CNY 13,823,935.09 in the same period last year, representing an increase of approximately 151.2%[22]. - Basic and diluted earnings per share for the first quarter were CNY 0.0828, up from CNY 0.0340 in the previous year, indicating a growth of 144.1%[22]. Cash Flow and Assets - Operating cash flow net amount reached CNY 49.12 million, a significant increase of 6,412.28% year-on-year[4]. - The company reported a cash balance of CNY 714,127,343.73 as of March 31, 2023, down from CNY 786,112,519.98 at the beginning of the year, indicating a decrease of approximately 9.9%[16]. - The company’s cash and cash equivalents at the end of Q1 2023 were CNY 1,559,728,554.98, down from CNY 1,664,471,455.21 at the end of Q1 2022[18]. - The ending balance of cash and cash equivalents was CNY 662,636,974.71, down from CNY 880,493,584.89 at the end of the previous year[25]. - Net cash flow from operating activities was CNY 49,120,129.52, a significant increase from CNY 754,269.54 in the same period last year[24]. - Cash inflow from investment activities totaled CNY 490,448,225.43, down from CNY 645,354,226.16 year-over-year, reflecting a decrease of approximately 23.9%[25]. - The net cash flow from investment activities was negative at CNY -39,607,096.20, compared to a positive CNY 36,829,749.21 in the previous year[25]. - Cash flow from financing activities resulted in a net outflow of CNY -90,620,870.21, contrasting with a net inflow of CNY 102,040,330.88 in the same quarter last year[25]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 2.60 billion, a decrease of 4.03% from the end of the previous year[4]. - The total assets as of the end of Q1 2023 were CNY 2,599,534,407.49, a decrease from CNY 2,708,746,866.63 at the end of Q1 2022[18]. - Total liabilities decreased to CNY 996,305,604.92 in Q1 2023 from CNY 1,143,780,412.06 in Q1 2022, a reduction of 12.9%[18]. - The equity attributable to shareholders of the parent company increased to CNY 1,596,924,407.68 in Q1 2023, compared to CNY 1,562,242,983.78 in Q1 2022, marking a growth of 2.2%[18]. Operational Insights - The company's gross margin improved significantly due to favorable impacts from exchange rates, raw materials, and shipping costs[8]. - Domestic business segments such as smart cockpit and off-road modification showed growth, compensating for declines in export sales[8]. - The company experienced a substantial reduction in shipping costs and raw material prices, contributing to improved cash flow[9]. - R&D expenses increased to CNY 24,529,987.85 in Q1 2023, up from CNY 19,931,543.92 in Q1 2022, reflecting a growth of 23.1%[20]. Shareholder Information - The total number of shares held by the top 10 unrestricted shareholders amounts to 290,715,137 shares, with the largest shareholder, Ma Yongtao, holding 107,044,131 shares, representing 25.32% of total shares[12]. - The company has a total of 65,448,000 shares held by Guangdong Dongjian Huiying Investment Co., Ltd., which is controlled by Ma Yongtao, indicating significant ownership concentration[12]. - The company plans to unlock 25% of the executive locked shares annually, with specific dates for release set for April 26, 2024[14]. Other Financial Metrics - The company reported a significant increase in other income to CNY 1,236,443.63 in Q1 2023, compared to CNY 1,350,381.04 in Q1 2022[21]. - The company’s financial expenses decreased to CNY 3,312,097.83 in Q1 2023 from CNY 6,909,751.20 in Q1 2022, a decline of 52.1%[20]. - The company reported a foreign currency translation loss of CNY -281,739.91, compared to a loss of CNY -529,615.83 in the previous year[22]. - The company’s prepayment items increased to CNY 22,101,675.63 from CNY 12,164,261.87, reflecting a growth of approximately 81.5%[16]. - The company’s financial report indicates a total of CNY 90,464,856.59 in receivables financing, down from CNY 114,392,616.89, a decrease of about 20.9%[16]. - Accounts receivable decreased to CNY 417,945,155.31 from CNY 435,186,509.26, reflecting a decline of about 3.5%[16]. - Inventory levels decreased to CNY 216,356,508.55 from CNY 228,443,794.42, showing a reduction of approximately 5.3%[16].
东箭科技(300978) - 2023 Q1 - 季度财报