Financial Performance - The company's operating revenue for Q1 2023 was ¥2,151,730,891.99, representing a 6.37% increase compared to ¥2,022,915,937.81 in the same period last year[4] - Net profit attributable to shareholders for Q1 2023 was ¥119,387,987.51, up 7.43% from ¥111,246,027.40 in the previous year[4] - The net profit after deducting non-recurring gains and losses was ¥112,637,056.03, a significant increase of 23.33% from ¥91,451,871.43 in the same period last year[4] - The total operating profit for the first quarter was approximately ¥76.00 million, down from ¥117.32 million year-over-year, indicating a decrease of about 35.2%[18] - The total comprehensive income for the first quarter was approximately ¥119.38 million, compared to ¥110.43 million in the same period last year, an increase of about 8.7%[19] Cash Flow and Liquidity - The net cash flow from operating activities improved to -¥462,307,327.78, a 53.96% reduction in losses compared to -¥1,004,139,168.28 in the previous year[4] - The cash flow from operating activities showed a net outflow of approximately ¥462.31 million, compared to a net outflow of ¥1.00 billion in the previous year, reflecting an improvement[20] - The cash and cash equivalents at the end of the period were approximately ¥2.39 billion, down from ¥1.09 billion at the end of the same period last year[21] - The company's cash and cash equivalents decreased to ¥2,403,017,280.40 from ¥2,941,002,004.66, a decline of 18.26%[15] - The net increase in cash and cash equivalents was -538,380,426.02, a decline of 451.83% compared to -97,562,158.79 in the same period last year[9] Assets and Liabilities - Total assets at the end of Q1 2023 were ¥7,184,279,386.59, a decrease of 11.07% from ¥8,050,812,264.56 at the end of the previous year[5] - Total current assets decreased to ¥5,929,857,390.50 from ¥6,883,980,664.37, representing a reduction of 13.83%[15] - Total liabilities decreased to ¥2,761,488,365.42 from ¥3,783,883,546.95, a decrease of 26.94%[16] - The total assets of the company as of March 31, 2023, were ¥7,184,279,386.59, down from ¥8,078,790,776.35, indicating a decline of 11.06%[16] Shareholder Information - Shareholders' equity attributable to the parent company increased to ¥4,422,791,021.17, reflecting a 2.98% rise from ¥4,294,631,591.42 at the end of the previous year[5] - The total number of ordinary shareholders at the end of the reporting period was 18,706, with the largest shareholder, Fujian StarNet Ruijie Communications Co., Ltd., holding 44.88%[11] Expenses and Costs - Total operating costs for Q1 2023 were ¥2,130,386,844.37, up from ¥1,994,670,777.34, reflecting a year-over-year increase of 6.81%[17] - Management expenses increased by 42.48% to 110,031,875.03, primarily due to business expansion and an increase in employee numbers[9] - Research and development expenses increased significantly to ¥437,617,282.12, compared to ¥340,841,085.71 in the previous year, marking a rise of 28.38%[17] - Other income decreased by 38.05% to 59,397,098.17, mainly due to a reduction in VAT refunds received for software products compared to the previous year[9] Impairment and Financial Losses - The company reported a significant increase in credit impairment losses, which rose by 1415.16% to -4,353,557.65, attributed to an increase in accounts receivable[9] - The company incurred a credit impairment loss of approximately ¥4.35 million, compared to a loss of ¥287,333.28 in the previous year[18] - The company's tax expenses showed a dramatic change, with a loss of -42,850,671.38, reflecting a 510.35% increase in deductible losses[9] Financing Activities - The cash flow from financing activities decreased by 97.54% to 23,100,487.26, primarily due to a reduction in short-term bank loans compared to the previous year[9] - The company raised approximately ¥250 million through borrowings during the first quarter, a significant decrease from ¥1.08 billion in the previous year[21] Other Notable Changes - Accounts receivable decreased significantly by 81.51% to ¥5,059,494.20, mainly due to the endorsement and discounting of receivables[8] - Intangible assets increased by 31.05% to ¥17,628,674.62, attributed to the purchase of research and development software[8] - The company experienced a 93.29% decrease in asset disposal gains, which fell to 94,873.12, due to fewer disposals of right-of-use assets compared to the previous year[9] - The company's financial expenses decreased by 32.49% to 4,781,933.73, mainly due to increased interest income from higher bank deposits compared to the previous year[9] - The weighted average return on equity for Q1 2023 was 2.74%, down from 6.86% in the same period last year, indicating a decline of 4.11%[4] - The company is focusing on expanding its market presence and enhancing its product offerings through increased R&D investment[17]
锐捷网络(301165) - 2023 Q1 - 季度财报