安联锐视(301042) - 2023 Q1 - 季度财报

Major Financial Data Core Financial Indicators In Q1 2023, the company experienced significant performance decline, with operating revenue down 32.43% and net profit attributable to shareholders decreasing by 83.79%, while operating cash flow turned negative Key Financial Indicators for Q1 2023 | Indicator | Current Period (RMB) | Prior Period (RMB) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 124,325,966.33 | 184,002,584.88 | -32.43% | | Net Profit Attributable to Shareholders | 2,156,627.77 | 13,302,611.32 | -83.79% | | Net Profit Attributable to Shareholders Excluding Non-Recurring Gains and Losses | 2,258,650.48 | 17,765,201.43 | -87.29% | | Net Cash Flow from Operating Activities | -8,377,021.21 | 13,875,504.48 | -160.37% | | Basic Earnings Per Share (RMB/share) | 0.0313 | 0.1934 | -83.82% | | Total Assets | 1,285,235,516.74 | - | -1.37% (compared to end of prior year) | | Total Equity Attributable to Shareholders | 1,179,885,057.15 | - | 1.35% (compared to end of prior year) | Analysis of Non-Recurring Gains and Losses Non-recurring gains and losses totaled -0.10 million RMB in the current period, with minor impact on net profit, primarily comprising government subsidies, investment income from wealth management products, other non-operating income/expenses, and allocated share-based compensation costs Non-Recurring Gains and Losses Items for Q1 2023 | Item | Amount (RMB) | Explanation | | :--- | :--- | :--- | | Government Subsidies | 402,598.10 | Primarily government subsidies received during the reporting period | | Gains/Losses from Transactional Financial Assets/Liabilities | 1,320,438.39 | Primarily investment income from wealth management products realized during the reporting period | | Other Non-Operating Income and Expenses | 201,601.55 | Primarily income from written-off bad debts and customer mold and testing fees | | Other Gains/Losses Meeting the Definition of Non-Recurring | -1,713,385.65 | Primarily individual income tax handling fee refunds and allocated share-based compensation costs | | Less: Income Tax Impact | 313,275.10 | - | | Total | -102,022.71 | - | Changes and Reasons for Major Financial Data Financial data changes were driven by external market conditions and internal decisions, including declining US sales, reduced revenue and costs, adverse USD exchange rate impacts on financial expenses, and altered asset/cash flow structures from wealth management product redemptions Reasons for Balance Sheet Item Changes Major balance sheet changes reflect adjustments in current asset structure, with cash and cash equivalents significantly increasing by 39.95% and transactional financial assets decreasing by 84.61% due to the redemption of matured wealth management products - Cash and cash equivalents increased by 39.95%, while transactional financial assets decreased by 84.61%, primarily due to the redemption of matured wealth management products[8] - Contract liabilities decreased by 35.97%, mainly due to a reduction in advance receipts[8] Reasons for Income Statement Item Changes Income statement changes show a 32.43% revenue decline due to US market sales, customer adjustments, and reduced procurement, while USD exchange rate fluctuations led to a 231.16% surge in financial expenses, eroding profit - Operating revenue decreased by 32.43% primarily due to declining sales in the US market, internal business adjustments by customers, and reduced procurement in the current period due to some customers increasing inventory last year[9] - Financial expenses surged by 231.16% year-over-year, mainly due to fluctuations in the USD exchange rate and changes in exchange gains and losses[9] - Investment income dramatically increased by 3910.76% year-over-year, primarily due to higher returns from wealth management products purchased for cash management during the reporting period[9] Reasons for Cash Flow Statement Item Changes Cash flow structure changed significantly, with operating cash flow turning negative due to reduced sales and refunds, investing cash flow surging from product redemptions, and financing cash flow turning positive from share incentive payments - Net cash flow from operating activities decreased by 160.37% year-over-year, primarily due to reduced export tax refunds and lower cash receipts from sales[10] - Net cash flow from investing activities increased by 2555.01% year-over-year, mainly due to the redemption of matured wealth management products[10] - Net cash flow from financing activities increased by 240.58% year-over-year, primarily due to the receipt of share incentive subscription payments[10] Shareholder Information Shareholding Status As of period-end, the company had 10,089 common shareholders, with Beijing Lianzhong Yongsheng Sci-Tech Co., Ltd. as the largest (32.72% restricted stake), and the top ten including state-owned legal entities and domestic natural persons - As of the end of the reporting period, the company had 10,089 common shareholders[13] Top Five Shareholders' Shareholding Status | Shareholder Name | Shareholder Nature | Shareholding Percentage (%) | Number of Shares Held | | :--- | :--- | :--- | :--- | | Beijing Lianzhong Yongsheng Sci-Tech Co., Ltd. | Domestic Non-State-Owned Legal Entity | 32.72% | 22,528,000.00 | | Guangdong Provincial Technology Venture Capital Co., Ltd. | State-Owned Legal Entity | 5.99% | 4,123,000.00 | | Huiwen Tianfu (Suzhou) Investment Enterprise (Limited Partnership) | Domestic Non-State-Owned Legal Entity | 5.93% | 4,082,300.00 | | Guangdong Yuecai Venture Capital Co., Ltd. | State-Owned Legal Entity | 4.79% | 3,300,000.00 | | Xu Jin | Domestic Natural Person | 4.04% | 2,782,000.00 | Changes in Restricted Shares During the reporting period, 2.97 million shares, including those held by Zhuhai Xiaoliang Investment Partnership, Li Zhiyang, and Shen Lei, were released from restriction on February 6, 2023, reducing the total restricted shares to 0.10 million at period-end Details of Changes in Restricted Shares | Shareholder Name | Restricted Shares at Beginning of Period | Shares Released from Restriction in Current Period | Restricted Shares at End of Period | | :--- | :--- | :--- | :--- | | Zhuhai Xiaoliang Investment Partnership (Limited Partnership) | 917,000 | 814,000 | 103,000 | | Li Zhiyang | 1,330,000 | 1,330,000 | 0 | | Shen Lei | 825,000 | 825,000 | 0 | | Total | 3,072,000 | 2,969,000 | 103,000 | Other Significant Matters - The company had no other significant matters requiring disclosure during the reporting period[16] Quarterly Financial Statements Financial Statements This section presents the company's unaudited Q1 2023 consolidated balance sheet, income statement, and cash flow statement, detailing the financial position at period-end, operating results, and cash flows for the reporting period Consolidated Balance Sheet As of March 31, 2023, total assets were 1.29 billion RMB (down 1.37%), total liabilities 0.11 billion RMB (down 24.23%), and parent equity 1.18 billion RMB (up 1.35%), indicating a stable structure Key Balance Sheet Items | Item | Period-End Balance (RMB) | Year-Beginning Balance (RMB) | | :--- | :--- | :--- | | Total Assets | 1,285,235,516.74 | 1,303,141,022.70 | | Total Liabilities | 105,015,539.88 | 138,593,627.02 | | Total Equity Attributable to Parent Company | 1,179,885,057.15 | 1,164,161,540.26 | Consolidated Income Statement In Q1 2023, total operating revenue decreased by 32.43% to 0.12 billion RMB, total costs fell 26.24% to 0.13 billion RMB, and net profit attributable to the parent company significantly declined by 83.79% to 2.16 million RMB, reflecting weakened profitability Key Income Statement Items | Item | Amount for Current Period (RMB) | Amount for Prior Period (RMB) | | :--- | :--- | :--- | | Total Operating Revenue | 124,325,966.33 | 184,002,584.88 | | Total Operating Costs | 125,592,744.26 | 170,260,964.85 | | Operating Profit | -546,736.71 | 13,416,274.79 | | Net Profit | 2,105,692.06 | 13,302,611.32 | | Net Profit Attributable to Parent Company | 2,156,627.77 | 13,302,611.32 | Consolidated Cash Flow Statement In Q1 2023, operating cash flow turned negative to -8.38 million RMB due to reduced sales, investing cash flow was 0.22 billion RMB from redemptions, financing cash flow was 11.68 million RMB, and cash equivalents totaled 0.77 billion RMB Key Cash Flow Statement Items | Item | Amount for Current Period (RMB) | Amount for Prior Period (RMB) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -8,377,021.21 | 13,875,504.48 | | Net Cash Flow from Investing Activities | 218,273,687.39 | 8,221,193.94 | | Net Cash Flow from Financing Activities | 11,677,332.35 | -8,306,564.81 | | Net Increase in Cash and Cash Equivalents | 219,925,466.11 | 13,374,681.44 | Audit Report The company's Q1 2023 financial report is unaudited - The company's first-quarter report is unaudited[27]