SUNWAY COMM(300136)2023-04-27 16:00Financial Performance - The company reported a revenue of CNY 1,736,977,255.60 for Q1 2023, a decrease of 9.24% compared to the same period last year[3]. - Net profit attributable to shareholders was CNY 145,140,855.48, representing a growth of 19.92% year-on-year[3]. - The gross margin for Q1 2023 was 20.54%, an increase of 1.51 percentage points compared to the previous year[7]. - The net profit margin improved to 8.21%, up by 1.86 percentage points year-on-year[7]. - Total operating revenue for Q1 2023 was CNY 1,736,977,255.60, a decrease of 9.2% from CNY 1,913,728,134.42 in the same period last year[15]. - Total operating costs for Q1 2023 were CNY 1,612,832,635.81, down 10.0% from CNY 1,789,782,784.32 year-on-year[16]. - Net profit for Q1 2023 reached CNY 142,671,811.38, an increase of 17.3% compared to CNY 121,615,079.84 in Q1 2022[16]. - The net profit attributable to shareholders of the parent company was CNY 145,140,855.48, up 20.0% from CNY 121,031,354.93 in the previous year[17]. - Basic and diluted earnings per share for Q1 2023 were both CNY 0.1500, compared to CNY 0.1251 in the same quarter last year[17]. Cash Flow and Assets - The net cash flow from operating activities increased significantly by 598.65%, reaching CNY 790,664,621.21[3]. - The company's cash and cash equivalents increased to ¥2,053,490,591.75 from ¥1,774,516,362.42 at the beginning of the year, representing a growth of approximately 15.6%[13]. - Accounts receivable decreased to ¥1,702,029,514.21 from ¥2,438,093,118.07, a decline of about 30.2%[13]. - Inventory decreased to ¥1,994,548,738.81 from ¥2,370,613,874.10, reflecting a reduction of approximately 16%[13]. - Total assets at the end of Q1 2023 were CNY 11,245,481,824.78, a decrease of 7.78% from the end of the previous year[3]. - Total assets decreased to ¥11,245,481,824.78 from ¥12,194,324,590.98, a decline of about 7.8%[13]. - Total liabilities as of the end of Q1 2023 were CNY 4,456,426,824.34, a decrease from CNY 5,543,555,464.25 in the previous year[14]. - The ending balance of cash and cash equivalents increased to ¥2,051,602,667.38 from ¥1,414,429,553.44, marking a growth of approximately 45%[20]. - The company reported a net increase in cash and cash equivalents of ¥278,974,229.33, contrasting with a decrease of -¥402,615,578.67 in Q1 2022[20]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 110,002[8]. - The largest shareholder, Peng Hao, holds 19.48% of the shares, totaling 188,503,533 shares[8]. - The top ten shareholders hold a significant portion of the shares, with the top shareholder alone holding nearly 20%[11]. Business Strategy and Development - New business segments, including high-precision connectors and automotive interconnect products, are rapidly expanding and contributing to growth[7]. - The company is focusing on optimizing mature businesses while developing high-tech products with good application prospects[7]. - The company aims to enhance its core material technology and vertical integration capabilities to improve overall competitiveness[7]. - The company has not disclosed any new product developments or market expansion strategies in this report[12]. Expenses - Research and development expenses for Q1 2023 totaled CNY 130,621,798.34, a decrease of 14.5% from CNY 152,738,193.51 in Q1 2022[16]. - Financial expenses increased to CNY 13,322,619.93 in Q1 2023, compared to CNY 2,814,829.65 in the same period last year[16]. - Other comprehensive income after tax for Q1 2023 was CNY -4,385,937.68, compared to CNY -1,858,718.15 in Q1 2022[17].