韦尔股份(603501) - 2023 Q1 - 季度财报

Revenue and Profit Performance - Revenue for the first quarter of 2023 was RMB 4.335 billion, a decrease of 21.72% year-over-year[4] - Net profit attributable to shareholders of the listed company was RMB 198.86 million, a decrease of 77.81% year-over-year[4] - Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was RMB 21.96 million, a decrease of 97.57% year-over-year[4] - The decrease in net profit was primarily due to a decline in sales revenue[7] - Total operating revenue for Q1 2023 was 4.34 billion RMB, a decrease from 5.54 billion RMB in Q1 2022[14] - Net profit attributable to shareholders of the parent company was 198.86 million RMB, down from 896.20 million RMB in Q1 2022[15] - Total comprehensive income for Q1 2023 was 283.36 million RMB, compared to 637.47 million RMB in Q1 2022[15] Earnings Per Share - Basic earnings per share (EPS) was RMB 0.17, a decrease of 77.88% year-over-year[4] - Diluted earnings per share (EPS) was RMB 0.17, a decrease of 77.67% year-over-year[4] - Basic earnings per share for Q1 2023 were 0.17 RMB, down from 0.76 RMB in Q1 2022[15] Cash Flow and Liquidity - Operating cash flow for the first quarter was RMB 1.383 billion, an increase of 273.43% year-over-year[4] - Operating cash flow for Q1 2023 was 1.38 billion RMB, a significant improvement from -797.35 million RMB in Q1 2022[16] - Sales of goods and services generated 4.18 billion RMB in cash for Q1 2023, down from 5.53 billion RMB in Q1 2022[16] - Net cash flow from financing activities increased to 404.95 million yuan, compared to a net outflow of 275.84 million yuan in the previous period[17] - Cash and cash equivalents at the end of the period amounted to 4.71 billion yuan, an increase from 3.99 billion yuan at the beginning of the period[17] - Net cash flow from investment activities was -1.03 billion yuan, a significant decrease from -571.42 million yuan in the previous period[17] - Cash inflow from financing activities totaled 1.45 billion yuan, up from 1.04 billion yuan in the previous period[17] - Cash outflow from financing activities decreased to 1.04 billion yuan from 1.32 billion yuan in the previous period[17] - The company received 1.22 billion yuan from borrowings, compared to 886.01 million yuan in the previous period[17] - Repayment of debts amounted to 653.03 million yuan, down from 1.23 billion yuan in the previous period[17] - The company paid 134.08 million yuan in dividends, profits, or interest, up from 67.31 million yuan in the previous period[17] - The impact of exchange rate changes on cash and cash equivalents was -38.14 million yuan, compared to -20.82 million yuan in the previous period[17] - The net increase in cash and cash equivalents was 717.63 million yuan, a significant improvement from a net decrease of 1.67 billion yuan in the previous period[17] Assets and Liabilities - Total assets at the end of the reporting period were RMB 36.661 billion, an increase of 4.18% compared to the end of the previous year[4] - Equity attributable to shareholders of the listed company was RMB 18.264 billion, an increase of 1.36% compared to the end of the previous year[4] - Total assets increased to RMB 36.66 billion as of March 31, 2023, compared to RMB 35.19 billion at the end of 2022[11][12][13] - Current assets decreased slightly to RMB 19.15 billion from RMB 19.61 billion at the end of 2022[11] - Inventory decreased to RMB 10.77 billion from RMB 12.36 billion at the end of 2022[11] - Accounts receivable increased to RMB 2.86 billion from RMB 2.50 billion at the end of 2022[11] - Total liabilities increased to RMB 18.32 billion from RMB 17.09 billion at the end of 2022[12][13] - Short-term borrowings increased to RMB 4.70 billion from RMB 3.63 billion at the end of 2022[12] - Long-term borrowings increased to RMB 3.60 billion from RMB 2.75 billion at the end of 2022[12] - Shareholders' equity increased to RMB 18.34 billion from RMB 18.10 billion at the end of 2022[13] - Cash and cash equivalents increased to RMB 4.80 billion from RMB 4.03 billion at the end of 2022[11] - The company's development expenditure increased to RMB 825.76 million from RMB 810.56 million at the end of 2022[12] Operating Costs and Expenses - Total operating costs for Q1 2023 were 4.12 billion RMB, a decrease from 4.52 billion RMB in Q1 2022[14] - R&D expenses for Q1 2023 were 465.97 million RMB, a decrease from 523.24 million RMB in Q1 2022[14] - Cash paid for employee compensation and benefits was 571.98 million RMB in Q1 2023, up from 515.92 million RMB in Q1 2022[16] - Investment activities generated 52.39 million RMB in cash inflows for Q1 2023, down from 480.99 million RMB in Q1 2022[16] Non-Recurring Items - Non-recurring gains and losses amounted to RMB 176.89 million, including RMB 131.57 million from fair value changes of financial assets[5][6]