Financial Performance - The company's revenue for Q1 2023 was CNY 114,374,016.38, representing a 12.20% increase compared to CNY 101,934,025.00 in the same period last year[5] - Net profit attributable to shareholders for Q1 2023 was CNY 47,627,602.97, a significant increase of 105.06% from CNY 23,226,253.30 in Q1 2022[5] - Basic and diluted earnings per share for Q1 2023 were both CNY 0.65, up 51.16% from CNY 0.43 in Q1 2022[5] - Total operating revenue for Q1 2023 was CNY 114,374,016.38, an increase of 12.0% compared to CNY 101,934,025.00 in the same period last year[25] - Total operating costs for Q1 2023 were CNY 86,819,827.24, up 12.9% from CNY 76,934,789.68 in Q1 2022[25] - Net profit for Q1 2023 reached CNY 47,112,130.97, representing a 102.5% increase from CNY 23,240,041.72 in Q1 2022[26] - The company reported a significant increase in operating profit to CNY 52,649,615.59, up from CNY 24,968,229.23 in the previous year[26] - The total comprehensive income for the first quarter of 2023 was CNY 47,112,130.97, compared to CNY 23,240,041.72 in the previous period, representing a significant increase[27] Cash Flow and Investments - The net cash flow from operating activities decreased by 77.51%, amounting to CNY 2,655,748.24 compared to CNY 11,808,662.41 in the previous year[5] - In Q1 2023, the company reported a significant increase in cash received from operating activities, totaling RMB 12,259,605.29, up 986.46% from RMB 1,128,397.91 in Q1 2022, primarily due to increased bank interest income and government subsidies[11] - Cash received from investment recovery decreased by 74.24% to RMB 17,000,000.00 in Q1 2023, down from RMB 66,000,000.00 in Q1 2022, due to reduced purchases of bank wealth management products[11] - The net cash flow from investing activities was negative at CNY -34,154,708.46, an improvement from CNY -44,789,357.88 in the previous year[30] - Total cash outflow for investing activities was CNY 65,291,367.84, compared to CNY 110,970,582.19 in the previous year, indicating a reduction of 41.25%[30] Assets and Liabilities - Total assets at the end of Q1 2023 were CNY 2,034,700,062.31, reflecting a 1.44% increase from CNY 2,005,807,144.14 at the end of the previous year[5] - Total liabilities decreased to CNY 142,711,302.45 in Q1 2023 from CNY 160,955,267.54 in the same period last year[24] - The company's equity attributable to shareholders increased to CNY 1,879,996,679.07 from CNY 1,832,369,076.10 year-over-year[24] - Cash and cash equivalents at the end of the period stood at CNY 1,323,419,579.60, down from CNY 1,358,113,960.07 at the beginning of the period[30] Expenses - Management expenses increased by 97.05% to CNY 7,043,164.41, primarily due to higher employee compensation and benefits[10] - Research and development expenses for Q1 2023 amounted to CNY 16,079,889.02, an increase of 29.0% compared to CNY 12,403,628.23 in the previous year[26] - The company’s cash outflow for interest payments increased by 200.04% to RMB 292,541.96 in Q1 2023, compared to RMB 97,499.99 in Q1 2022, due to higher interest on long-term bank loans[11] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 5,675, with the top ten shareholders holding a combined 71.27% of the shares[12] - The largest shareholder, Li Wenhua, holds 31.28% of the shares, followed by Luo Shaochun with 17.06%[12] - The company did not issue any preferred shares during the reporting period, and there were no changes in restricted shares[14] - The company has a total of 56,604,834 shares subject to lock-up, with 929,797 shares released during the reporting period, representing 1.27% of the total share capital[16] - The company’s lock-up shares are set to be released on various dates, with significant portions scheduled for March 8, 2026, and September 8, 2025[15] Government Support and Other Income - Government subsidies received during the period totaled CNY 7,894,339.44, significantly increasing from CNY 137,889.01 in the previous year[10] - The company recognized a gain from the disposal of non-current assets amounting to CNY 17,335,397.68, attributed to the sale of land use rights and buildings by its subsidiary[7] Future Plans and Developments - The company is actively expanding its product categories to embrace growth from downstream solar, wind energy, and energy storage customers[19] - The subsidiary, Kunshan Weikang Electronics, plans to invest 250 million yuan in a project for high-end precision connectors and related cable assemblies to expand production capacity and enhance sales services in East China[19] - The company plans to continue investing in R&D to drive future growth and innovation[26] - The company obtained a patent for a "floating double-row connector," which is a core technology applied in automotive navigation systems and industrial automation[18] Audit and Compliance - The company did not undergo an audit for the first quarter report[32]
维峰电子(301328) - 2023 Q1 - 季度财报