凤竹纺织(600493) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was ¥214,161,290.21, representing a decrease of 19.01% compared to the same period last year[5]. - The net profit attributable to shareholders was -¥5,928,290.33, a decline of 226.10% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 548.60%, amounting to -¥15,488,885.46[8]. - The basic earnings per share for the period was -¥0.0218, down 226.01% compared to the previous year[6]. - The weighted average return on equity decreased by 1.2671 percentage points to -0.7060%[6]. - The total operating revenue for Q1 2023 was CNY 214,161,290.21, a decrease of 19.0% compared to CNY 264,431,004.95 in Q1 2022[25]. - The total operating costs for Q1 2023 were CNY 234,176,316.61, down from CNY 258,915,621.55 in Q1 2022, reflecting a reduction of 9.6%[25]. - The net profit for Q1 2023 was a loss of CNY 5,928,290.33, compared to a profit of CNY 4,701,304.42 in Q1 2022, indicating a significant decline[26]. - The company's total assets decreased to CNY 2,008,676,861.29 in Q1 2023 from CNY 2,057,734,180.81 in Q1 2022, a reduction of 2.4%[24]. - The total liabilities decreased to CNY 1,171,933,973.18 in Q1 2023 from CNY 1,215,063,002.37 in Q1 2022, a decline of 3.5%[23]. - The company's total equity attributable to shareholders decreased to CNY 836,742,888.11 in Q1 2023 from CNY 842,671,178.44 in Q1 2022, a decline of 0.7%[24]. Cash Flow - The net cash flow from operating activities was -¥18,547,826.29, indicating a significant cash outflow due to reduced sales and procurement[8]. - In Q1 2023, the company reported cash inflows from operating activities of ¥214,678,106.39, a decrease of 43.6% compared to ¥380,293,260.65 in Q1 2022[28]. - The net cash outflow from operating activities was ¥18,547,826.29, improving from a net outflow of ¥29,039,295.66 in the same period last year[28]. - Cash outflows for purchasing goods and services amounted to ¥184,045,650.75, down 45.5% from ¥336,969,334.16 in Q1 2022[28]. - The company experienced a net cash outflow from investing activities of ¥2,310,108.04, significantly better than the net outflow of ¥28,255,211.10 in Q1 2022[29]. - Cash inflows from financing activities were recorded at ¥94,062,454.56, while cash outflows totaled ¥92,651,829.59, resulting in a net cash outflow of ¥92,651,829.59[29]. - The company's cash and cash equivalents at the end of Q1 2023 stood at ¥157,636,755.96, compared to ¥119,791,968.41 at the end of Q1 2022, reflecting an increase of 31.6%[29]. - The company received ¥3,403,692.00 in cash from investment income, a significant increase from ¥44,794.53 in Q1 2022[28]. - The total cash outflow for investing activities was ¥5,713,800.04, down from ¥29,702,311.63 in the previous year, indicating a reduction of 80.7%[29]. - The company reported a cash inflow of ¥3,858,503.85 from tax refunds, a decrease of 77.2% compared to ¥16,852,118.77 in Q1 2022[28]. - The impact of exchange rate changes on cash and cash equivalents was an increase of ¥2,100,087.79, compared to an increase of ¥760,060.18 in the same quarter last year[29]. Assets and Investments - Total assets at the end of the reporting period were ¥2,008,676,861.29, a decrease of 2.38% from the end of the previous year[6]. - As of March 31, 2023, the company's cash and cash equivalents amounted to RMB 385,280,648.35, a decrease from RMB 474,500,134.33 at the end of 2022[21]. - Accounts receivable decreased to RMB 113,759,249.47 from RMB 138,435,728.30 at the end of 2022[21]. - The company has invested in various financial products, totaling RMB 171,205,050, with expected annualized returns ranging from 2.25% to 3.50%[19]. - The inventory increased to CNY 289,290,430.49 in Q1 2023 from CNY 269,034,038.49 in Q1 2022, reflecting a growth of 7.5%[24]. Projects and Developments - The company has completed the construction of the new An Dong factory, which is expected to enhance operational scale and market share after commencing production[13]. - The total investment for the An Dong factory project is approximately RMB 850 million, increased from the original estimate of RMB 650 million[12]. - The company has secured land use rights for 424.08 acres in Anyang for the new production base, with the project expected to cost around RMB 300 million[15]. - The Anyang project is currently in the decoration phase, with the main structure of the dyeing workshop already completed[15]. - The company is actively negotiating with government departments to expedite the relocation of the old factory to enhance production capabilities[13]. - The company has authorized management to make adjustments to the Anyang project in response to changes in laws and regulations[14]. - The company aims to transform its old factory into a modern, intelligent, and green dyeing and finishing enterprise[12]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 23,036[10]. - The company's basic and diluted earnings per share were -0.0218 in Q1 2023, compared to 0.0173 in Q1 2022[26]. - Research and development expenses for Q1 2023 were CNY 4,824,204.67, a decrease of 38.2% from CNY 7,811,664.99 in Q1 2022[25].