QINCHUAN(000837)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥1,007,396,335.87, a decrease of 9.99% compared to ¥1,119,219,977.04 in the same period last year[5] - Net profit attributable to shareholders was ¥58,095,538.95, down 3.29% from ¥60,070,532.38 year-on-year[5] - Net profit after deducting non-recurring gains and losses was ¥20,029,690.80, a significant decline of 63.38% from ¥54,691,439.63 in the previous year[5] - Total operating revenue for Q1 2023 was CNY 1,007,396,335.87, a decrease of 10.0% compared to CNY 1,119,219,977.04 in Q1 2022[18] - Net profit for Q1 2023 was CNY 62,715,710.91, a decline of 6.4% from CNY 66,989,545.70 in Q1 2022[19] - The company's earnings per share (EPS) for Q1 2023 was CNY 0.0646, compared to CNY 0.0668 in Q1 2022[20] - The total comprehensive income for Q1 2023 was CNY 61,971,215.37, down from CNY 67,048,979.33 in Q1 2022[20] Cash Flow - The net cash flow from operating activities improved to ¥3,465,804.99, a 102.91% increase from a negative cash flow of ¥119,240,325.00 in the same period last year[5] - Cash flow from operating activities increased to CNY 668,345,833.47 in Q1 2023, up from CNY 470,498,802.47 in Q1 2022, representing a growth of 42.0%[22] - The net cash flow from operating activities for Q1 2023 was 3,465,804.99 CNY, a significant improvement compared to a net outflow of 119,240,325.00 CNY in Q1 2022[23] - Total cash inflow from operating activities reached 790,496,429.40 CNY, while cash outflow was 787,030,624.41 CNY, resulting in a slight positive cash flow[23] - The company raised 267,000,000.00 CNY through borrowings in Q1 2023, down from 468,819,500.00 CNY in Q1 2022[24] - The net cash flow from financing activities was 115,752,610.67 CNY, slightly up from 114,691,213.18 CNY in the previous year[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥8,668,943,711.55, reflecting a 1.74% increase from ¥8,520,873,430.09 at the end of the previous year[5] - The total liabilities as of the end of Q1 2023 were CNY 4,486,844,467.55, an increase from CNY 4,401,497,189.06 at the end of Q1 2022[19] - The company's current assets totaled RMB 4.87 billion, up from RMB 4.80 billion at the start of the year, indicating a growth of about 1.4%[14] - The total non-current assets amounted to RMB 3.80 billion, an increase from RMB 3.73 billion, reflecting a growth of about 1.9%[15] Shareholder Information - Shareholders' equity attributable to the parent company increased by 1.68% to ¥3,561,368,449.40 from ¥3,502,391,920.67 at the end of the last year[5] - The total equity attributable to shareholders of the parent company was CNY 3,561,368,449.40, up from CNY 3,502,379,023.79 in the previous year[19] - The number of ordinary shareholders at the end of the reporting period was 78,966, with the largest shareholder holding 35.19% of the shares[9] Government Support and Other Income - The company received government subsidies amounting to ¥38,886,898.64, contributing to a 453.61% increase in other income compared to the previous year[6][7] - The company reported a significant increase in trading financial assets, rising by 36,453.72% to ¥140,265,397.26 due to structured deposits[7] Future Plans - The company plans to continue its market expansion and product development strategies to enhance future performance[5] - The company plans to raise up to RMB 1.23 billion through a non-public offering of A-shares, with funds allocated for various projects including the high-end industrial mother machine innovation base[11] - The company is awaiting approval from the China Securities Regulatory Commission for its stock issuance plan, which is a critical step for future funding and expansion[12] Operational Costs and Expenses - Total operating costs for Q1 2023 were CNY 988,266,359.21, down 6.7% from CNY 1,059,063,648.31 in the same period last year[19] - Research and development expenses for Q1 2023 were CNY 44,336,247.68, an increase of 28.5% compared to CNY 34,475,753.57 in Q1 2022[19] - The company experienced a decrease in cash flow due to increased operational costs, with cash paid to employees totaling 304,215,612.14 CNY[23] Inventory and Receivables - Accounts receivable increased to RMB 1.09 billion from RMB 937.61 million, representing a growth of about 16.2%[14] - Inventory rose to RMB 1.89 billion, compared to RMB 1.79 billion at the beginning of the year, marking an increase of approximately 5.9%[14] - The company reported a significant increase in accounts payable, which rose to RMB 1.38 billion from RMB 1.30 billion, indicating a growth of approximately 5.2%[15] Cash and Investments - Cash and cash equivalents decreased to RMB 1.11 billion from RMB 1.23 billion, a decline of approximately 9.5%[14] - The ending balance of cash and cash equivalents was 999,716,443.93 CNY, down from 1,151,515,162.50 CNY at the beginning of the period[24] - The company reported a total cash inflow from investment activities of 10,787,060.30 CNY, significantly lower than 100,075,795.79 CNY in Q1 2022[23] - Cash paid for the purchase of fixed assets and other long-term assets was 73,933,796.76 CNY, compared to 29,148,967.93 CNY in the same quarter last year[23] Product Development - The company did not report any significant new product launches or market expansions during this quarter[25]