Financial Performance - The company's revenue for Q1 2023 was ¥117,288,827.26, a decrease of 18.78% compared to ¥144,404,992.35 in the same period last year[5] - Net profit attributable to shareholders was ¥11,582,513.70, down 45.60% from ¥21,292,703.06 year-on-year[5] - Basic earnings per share decreased by 50.13% to ¥0.1596 from ¥0.3200 in the previous year[5] - Total operating revenue for Q1 2023 was ¥117,288,827.26, a decrease of 18.8% compared to ¥144,404,992.35 in Q1 2022[25] - Net profit for Q1 2023 was ¥11,582,513.70, representing a decline of 45.4% from ¥21,292,703.06 in Q1 2022[26] - Research and development expenses decreased to ¥4,937,347.19 in Q1 2023 from ¥6,544,233.95 in Q1 2022, a reduction of 24.5%[26] - Other comprehensive income after tax for Q1 2023 was -¥3,195.39, compared to -¥1,275.71 in Q1 2022, reflecting a worsening in this area[27] Cash Flow and Investments - The net cash flow from operating activities increased by 164.33% to ¥16,242,091.74, compared to ¥6,144,586.90 in Q1 2022[14] - The net cash flow from investment activities is ¥33,947,529.69, a turnaround from a negative cash flow of ¥482,599,320.05 in the previous period[30] - Total cash inflow from investment activities reached ¥459,619,049.22, with a significant recovery of investment cash of ¥455,000,000.00, compared to no cash inflow in the previous period[30] - The net cash flow from financing activities is -¥75,237.00, a decrease from a positive cash flow of ¥631,246,979.18 in the previous period[30] - Cash outflow from operating activities totaled ¥102,946,589.55, down from ¥142,964,806.79 in the previous period[30] - Cash inflow from sales of goods and services decreased to ¥115,908,796.10 from ¥144,889,599.68 in the previous period[30] - The company reported cash and cash equivalents of ¥656,263,166.72 at the end of the period, up from ¥224,947,309.28 at the beginning of the year, representing a 192% increase[22] Assets and Liabilities - Total assets at the end of Q1 2023 were ¥1,291,958,484.98, a decrease of 4.24% from ¥1,349,202,718.72 at the end of the previous year[5] - Total liabilities decreased to ¥195,378,691.03 in Q1 2023 from ¥220,650,242.28 in Q1 2022, a reduction of 11.5%[24] - The company’s accounts receivable decreased from ¥204,179,864.48 to ¥183,353,135.51, a decline of approximately 10%[22] - The company’s financial assets held for trading amounted to ¥458,827,036.29[22] Shareholder Information - Total number of common shareholders at the end of the reporting period is 11,792[17] - The largest shareholder, Jun Cheng Investment Management Partnership, holds 28.16% of shares, totaling 20,441,794 shares[17] - The second-largest shareholder, Bo Yujun, owns 22.95% of shares, amounting to 16,658,072 shares[17] - The total number of restricted shares held by major shareholders is 51,740,001, accounting for 71.28% of the total share capital[20] - The company has no new restricted shares added during the reporting period[20] - The company has no preferred shareholders as per the report[19] Market Conditions - The decline in revenue and net profit was attributed to a slowdown in market demand and intensified competition in the LCD display application sector[15] - The company noted that the shorter working period in February due to the Spring Festival affected shipments, contributing to the revenue decline[15] Credit and Impairment - The company reported a 487.21% increase in credit impairment losses to ¥1,281,840.29, due to a decrease in accounts receivable[12] - The company reported a credit impairment loss of ¥1,281,840.29 in Q1 2023, compared to ¥218,292.75 in Q1 2022, indicating increased credit risk[26]
骏成科技(301106) - 2023 Q1 - 季度财报