中国卫星(600118) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was CNY 1,337,190,718.95, representing a decrease of 4.77% compared to the same period last year[4]. - Net profit attributable to shareholders was CNY 49,837,347.88, down 5.41% year-on-year[4]. - Total revenue for Q1 2023 was CNY 1,337,190,718.95, a decrease of 4.76% compared to CNY 1,404,194,943.20 in Q1 2022[16]. - Operating profit for Q1 2023 was CNY 65,437,695.00, down 10.4% from CNY 73,530,708.38 in Q1 2022[16]. - Net profit for Q1 2023 increased to CNY 66,130,138.81, compared to CNY 65,597,776.08 in Q1 2022, reflecting a growth of 0.81%[16]. - Total operating costs for Q1 2023 were CNY 1,272,760,115.78, down 4.85% from CNY 1,337,597,951.88 in Q1 2022[16]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -553,924,326.95, a decline of 24.57% compared to the previous year[4]. - Cash flow from operating activities showed a net outflow of CNY -553,924,326.95, worsening from CNY -444,677,011.74 in Q1 2022[17]. - Cash and cash equivalents decreased to RMB 3,398,271,479.46 from RMB 4,045,424,396.36, a decline of about 16.01%[14]. - Cash and cash equivalents at the end of Q1 2023 were CNY 3,364,318,829.82, a decrease from CNY 3,416,171,285.45 at the end of Q1 2022[17]. - The company’s cash inflow from financing activities was CNY 76,000,000.00 in Q1 2023, down from CNY 139,800,000.00 in Q1 2022[17]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 14,276,186,834.54, an increase of 3.84% from the end of the previous year[5]. - The company's current assets totaled RMB 10,812,347,259.26, compared to RMB 10,281,466,537.78 at the end of 2022, indicating an increase of about 5.16%[14]. - Total liabilities reached RMB 6,062,712,793.45, compared to RMB 5,603,593,060.81 at the end of 2022, reflecting an increase of about 8.17%[15]. - The company reported a total of 5,640,023,200.85 in current liabilities, an increase from 5,253,122,846.79, reflecting a growth of approximately 7.38%[15]. - The total non-current assets increased to approximately CNY 3.52 billion, with intangible assets valued at CNY 743.67 million[20]. Shareholder Equity - Shareholders' equity attributable to the parent company was CNY 6,309,501,791.11, up 0.85% from the previous year[5]. - The company's equity attributable to shareholders amounted to RMB 6,309,501,791.11, up from RMB 6,256,560,887.87, indicating a growth of approximately 0.84%[15]. - The company's total equity stood at approximately CNY 8.14 billion, with retained earnings of CNY 3.15 billion[21]. Investments and Subsidiaries - The company completed the transfer of a 10% stake in a subsidiary to Aerospace Hengxing Technology Co., Ltd., which is currently undergoing merger-related processes[12]. - The company acquired a 51% stake in Beijing Xingdi Hengtong Information Technology Co., Ltd., with other shareholders waiving their preemptive rights[12]. - The company has ongoing investments in development expenditures totaling CNY 734.34 million, indicating a focus on future growth[20]. Government Support and Other Income - The company received government subsidies amounting to CNY 5,373,929.83, which are closely related to its normal business operations[6]. - Investment income rose by 54.08% as the net profit of the joint venture exceeded that of the previous year[7]. - The company reported a financial income of CNY 11,625,054.95 in Q1 2023, compared to CNY 7,263,127.12 in Q1 2022, indicating improved financial management[16]. Changes in Accounting and Reporting - The company adopted new accounting standards starting January 1, 2023, which may impact future financial reporting[18]. - The company’s board of directors announced the first quarter report on April 26, 2023, highlighting ongoing strategic initiatives[22].