Financial Performance - The company's revenue for Q1 2023 was ¥447,758,863.29, a decrease of 2.59% compared to ¥459,664,016.00 in the same period last year[5] - Net profit attributable to shareholders was ¥10,667,317.19, down 67.29% from ¥32,612,347.55 year-on-year[5] - Basic and diluted earnings per share decreased by 68.29% to ¥0.13 from ¥0.41 in the same period last year[5] - Operating revenue for the current period was ¥447,758,863.29, down from ¥459,664,016.00, a decrease of approximately 2.0%[22] - Operating profit decreased to ¥11,967,556.64 from ¥41,683,299.07, a decline of approximately 71.2%[22] - The net profit for Q1 2023 was CNY 10,268,390.84, a decrease of 69.4% compared to CNY 33,507,670.56 in the same period last year[23] - The total comprehensive income for Q1 2023 was CNY 6,926,478.26, down from CNY 34,287,150.73 in Q1 2022, reflecting a significant decline[23] Cash Flow - The net cash flow from operating activities improved by 33.53%, reaching -¥59,536,373.78 compared to -¥89,566,675.55 in the previous year[5] - Cash inflows from operating activities totaled CNY 530,125,405.38, an increase from CNY 432,385,013.30 in the previous year[26] - The net cash flow from financing activities was CNY 215,025,681.89, a significant increase from CNY 38,231,258.38 in Q1 2022[27] - Cash and cash equivalents at the end of Q1 2023 amounted to CNY 340,080,230.49, up from CNY 143,424,024.31 at the end of Q1 2022[27] Expenses - Research and development expenses rose by 30.48% to ¥15,950,502.33, reflecting increased investment in R&D[8] - Selling expenses increased by 21.75% to ¥22,713,942.82, primarily due to an increase in sales personnel salaries[8] - Management expenses surged by 51.18% to ¥25,082,324.82, mainly due to the amortization of intangible assets from acquisitions[8] - Operating costs increased to ¥435,164,492.34 from ¥414,695,100.63, reflecting an increase of about 4.9%[22] Assets and Liabilities - Total assets increased by 2.50% to ¥2,186,568,581.47 from ¥2,133,249,716.90 at the end of the previous year[5] - Current assets totaled ¥1,673,032,153.60, up from ¥1,631,498,565.13, indicating an increase of about 2.5%[18] - Total liabilities increased to ¥1,025,419,502.98 from ¥979,027,730.72, representing a rise of about 4.7%[19] - The total equity attributable to shareholders increased to ¥989,334,423.32 from ¥981,517,618.16, a growth of approximately 0.9%[19] Market Conditions - The automotive market showed weakness, with vehicle production and sales in China down 4.3% and 6.7% year-over-year, respectively[15] - The company’s future outlook remains cautious due to the ongoing challenges in the automotive sector[15] Shareholder Information - The company completed the acquisition of 15 million shares of Weiyali Electronics (Group) Co., Ltd. for HKD 150 million, making it an associate company[13] - The company held 450,000 shares through a credit account as of March 31, 2023[12] - The company’s major shareholders include Shenzhen Tongchuang Jinxiu Asset Management Co., Ltd. and Hefei Tongchuang Anyuan Phase II Equity Investment Partnership[11] - The company’s total restricted shares at the end of the period were 51.09 million, with 90,000 shares released from restriction[16] Foreign Exchange and Other - The company experienced a foreign exchange loss of CNY 3,697,668.56, compared to a loss of CNY 913,429.68 in the previous year[27] - The company did not conduct any mergers or acquisitions during the reporting period[28]
雅创电子(301099) - 2023 Q1 - 季度财报