Financial Performance - The company's revenue for Q1 2023 was ¥315,388,505.23, a decrease of 2.49% compared to ¥323,436,073.71 in the same period last year[5] - Net profit attributable to shareholders for Q1 2023 was ¥18,374,230.50, an increase of 5.87% from ¥17,354,811.96 in Q1 2022[5] - Basic and diluted earnings per share decreased by 20.00% to ¥0.12 from ¥0.15 in the same period last year[5] - The net profit after deducting non-recurring items was CNY 15.22 million, a year-on-year decrease of 6.97%[16] - The gross profit margin for Q1 2023 was 17.29%, an increase of 0.86 percentage points compared to the previous year[17] - The company reported a net profit of 18.41 million yuan for the first quarter of 2023, reflecting ongoing operational adjustments[24] - Operating profit for the quarter was CNY 19,084,438.39, up from CNY 18,039,694.39, reflecting a growth of 5.79% year-over-year[25] - The company reported a total comprehensive income of CNY 18,828,138.50, compared to CNY 17,339,172.80 in Q1 2022, indicating a growth of 8.59%[25] Cash Flow and Investments - The net cash flow from operating activities improved significantly to ¥21,464,126.68, a 203.90% increase from a negative cash flow of ¥20,658,241.03 in the previous year[5] - The net cash flow from financing activities increased by 875.71% to ¥10,711,190.00, mainly due to increased bank borrowings[12] - The company’s cash flow from operating activities showed a net inflow of CNY 21,464,126.68, a turnaround from a net outflow of CNY 20,658,241.03 in the previous year[27] - Investment activities resulted in a net cash outflow of CNY 294,256,660.40, compared to CNY 16,502,733.83 in the same period last year[28] - The company received CNY 90,000,000.00 from investment recoveries during the quarter, which was not reported in the previous year[27] Assets and Liabilities - Total assets at the end of Q1 2023 were ¥2,494,881,312.73, reflecting a 1.99% increase from ¥2,446,282,124.22 at the end of the previous year[5] - The company's total liabilities as of March 31, 2023, were 787.92 million yuan, compared to 758.15 million yuan at the beginning of the year[23] - The company's cash and cash equivalents decreased by 38.71% to ¥314,305,000.00 due to investments in structured deposits[10] - Cash and cash equivalents at the end of the period totaled CNY 272,014,359.94, a decrease from CNY 28,690,712.94 at the end of Q1 2022[28] Shareholder Information - The total number of common stock shareholders at the end of the reporting period was 16,411[14] - The largest shareholder, Li Jilin, holds 21.65% of the shares, totaling 32,720,000 shares[14] - The company has a total of 115,300,357 restricted shares, with 1,950,389 shares released during the period[15] - The company granted 1.94 million shares of restricted stock to 50 incentive targets as part of its 2023 incentive plan[19] Operational Insights - The revenue from the new energy PCB business maintained growth, while the domestic communication PCB business revenue decreased by 18.55% year-on-year due to insufficient demand and intensified competition[16] - The company recorded a 34.52% increase in selling expenses to ¥5,151,800.00, driven by higher personnel costs and market expansion efforts[11] - The company incurred R&D expenses of CNY 14,860,016.50, slightly up from CNY 14,289,412.19 year-over-year[25] Challenges and Future Outlook - The company faces challenges from potential economic recession, geopolitical tensions, and high inflation impacting market demand[16] - The company has approved an investment of 2.34 billion yuan for the PCB expansion project, acquiring approximately 63 acres of land[18] - The company has successfully completed the acquisition of land use rights for 41,953.95 square meters at a cost of 39.65 million yuan[18]
金禄电子(301282) - 2023 Q1 - 季度财报