Shanghai Yashi(603329)2023-04-26 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥587,920,009.13, representing a decrease of 16.87% compared to the same period last year[4] - The net profit attributable to shareholders was a loss of ¥7,834,602.54, a decline of 113.63% year-on-year[4] - Basic and diluted earnings per share were both reported at -¥0.0493, reflecting a decrease of 113.62% compared to the previous year[4] - Net profit for Q1 2023 was -¥7,549,372.27, compared to a net profit of ¥57,746,997.84 in Q1 2022, indicating a significant decline[17] - Earnings per share for Q1 2023 was -¥0.0493, compared to ¥0.3620 in Q1 2022[18] - Other comprehensive income for Q1 2023 was ¥1,193,492.92, compared to -¥385,503.85 in Q1 2022, showing improvement in this area[17] - Investment income for Q1 2023 was ¥1,515,495.56, an increase from ¥1,182,659.52 in Q1 2022[17] Cash Flow - The net cash flow from operating activities was negative at ¥143,023,468.00, indicating a significant cash outflow[4] - Cash flow from operating activities for Q1 2023 was -¥143,023,468.00, compared to -¥128,910,339.29 in Q1 2022, reflecting worsening cash flow[20] - The net cash flow from investing activities was -44,149,134.17 RMB, a decrease of 68,606,946.98 RMB compared to the previous period[21] - The net cash flow from financing activities was 15,598,061.64 RMB, compared to 46,574,496.56 RMB in the previous period[21] - The total cash and cash equivalents at the end of the period amounted to 191,545,692.46 RMB, down from 362,454,998.44 RMB at the beginning of the period[21] - The cash outflow for financing activities was 16,764,295.81 RMB, compared to 12,577,458.99 RMB in the previous period[21] - The company reported a decrease in cash equivalents of 170,909,305.98 RMB during the period[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,027,150,434.62, down 5.36% from the previous year-end[5] - As of March 31, 2023, the company's total assets amounted to CNY 2,027,150,434.62, a decrease from CNY 2,141,908,538.23 as of December 31, 2022, reflecting a decline of approximately 5.34%[13] - The company's current assets totaled CNY 776,495,642.09, down from CNY 907,974,846.04, indicating a decrease of about 14.43%[13] - The company's total liabilities decreased to CNY 722,387,145.16 from CNY 847,681,355.89, a reduction of approximately 14.80%[14] - The total liabilities rose to 863,647,798.30 RMB, an increase of 15,966,442.41 RMB[24] - The total equity remained stable at CNY 1,304,763,289.46, with no significant changes reported[14] - The total equity attributable to shareholders increased to 1,133,486,706.33 RMB, reflecting a growth of 543,728.94 RMB[25] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 13,415[9] - Jiangsu Yashi Investment Group Co., Ltd. held 44.98% of the shares, with 38,000,000 shares pledged[10] Operational Challenges - The company attributed the decline in net profit to ongoing inspection and quarantine policies affecting phosphate fertilizer exports and reduced operating rates in fertilizer production[8] - The company has not disclosed any new product developments or market expansion strategies in the current report[12] Cost Management - Total operating costs for Q1 2023 were ¥583,481,692.79, down 7.9% from ¥633,301,785.22 in Q1 2022[16] - The company reported a decrease in sales expenses to ¥13,176,187.14 from ¥12,102,440.47 in the previous year, reflecting cost management efforts[16] - The company experienced a significant increase in financial expenses, rising to ¥3,975,500.62 from ¥2,108,204.10 in Q1 2022, indicating higher borrowing costs[16] Deferred Tax Assets - The company reported a significant increase in deferred tax assets, rising to CNY 59,087,148.79 from CNY 40,246,987.09, an increase of approximately 46.83%[14] - The deferred tax assets increased by 16,666,149.24 RMB, totaling 56,913,136.33 RMB[23]