Xingye(603928)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥364,691,229.02, representing a decrease of 29.01% compared to the same period last year[5]. - The net profit attributable to shareholders was ¥19,958,866.16, down 48.31% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥17,860,651.69, a decline of 51.64% compared to the previous year[5]. - The basic earnings per share for the period was ¥0.10, reflecting a decrease of 47.37% year-on-year[5]. - Total revenue for Q1 2023 was CNY 364,691,229.02, a decrease of 29.0% compared to CNY 513,719,755.23 in Q1 2022[19]. - Net profit for Q1 2023 was CNY 19,958,866.16, a decline of 48.3% from CNY 38,614,451.62 in Q1 2022[20]. - Operating profit for Q1 2023 was CNY 25,648,120.58, down 44.8% from CNY 46,441,427.00 in Q1 2022[20]. - The total comprehensive income for Q1 2023 was CNY 19,958,866.16, a decrease from CNY 38,614,451.62 in Q1 2022, representing a decline of approximately 48.3%[21]. - Basic and diluted earnings per share for Q1 2023 were CNY 0.10, down from CNY 0.19 in Q1 2022, indicating a decrease of 47.4%[21]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,980,302,429.69, down 1.68% from the end of the previous year[6]. - Total assets as of Q1 2023 amounted to CNY 1,980,302,429.69, a slight decrease from CNY 2,014,081,836.48 in the previous year[16]. - Total liabilities for Q1 2023 were CNY 469,884,454.74, down from CNY 523,934,766.01 in Q1 2022[17]. - Current assets totaled CNY 1,236,350,281.05, a decrease of 8.1% from CNY 1,345,318,167.58 in the previous year[16]. Cash Flow - The company reported a net cash flow from operating activities of ¥98,258,161.11, with the decrease attributed to cash payments for raw materials and improved collection management[8]. - Cash inflow from operating activities in Q1 2023 was CNY 479,157,339.90, compared to CNY 552,924,945.53 in Q1 2022, reflecting a decrease of about 13.3%[23]. - Cash outflow from operating activities in Q1 2023 totaled CNY 380,899,178.79, down from CNY 649,798,047.50 in Q1 2022, a reduction of approximately 41.3%[23]. - Net cash flow from operating activities for Q1 2023 was CNY 98,258,161.11, a significant improvement from a net outflow of CNY 96,873,101.97 in Q1 2022[23]. - Cash inflow from investment activities in Q1 2023 was CNY 238,186,076.73, compared to CNY 135,874,915.61 in Q1 2022, marking an increase of about 75.2%[24]. - Net cash flow from investment activities for Q1 2023 was CNY 44,715,831.07, down from CNY 103,388,887.85 in Q1 2022, indicating a decrease of approximately 56.7%[24]. - Cash and cash equivalents at the end of Q1 2023 amounted to CNY 133,843,726.64, up from CNY 15,065,873.35 at the end of Q1 2022, representing an increase of about 786.5%[24]. - The company repaid CNY 50,000,000.00 in debt during Q1 2023, with total cash outflow from financing activities amounting to CNY 50,976,036.51[24]. - The company received CNY 2,562,720.00 in tax refunds during Q1 2023, compared to CNY 1,906,080.00 in Q1 2022, reflecting an increase of approximately 34.4%[23]. Shareholder Information - The company had a total of 11,516 common shareholders at the end of the reporting period[10]. - The top three shareholders held a combined 57.10% of the company's shares, with the largest shareholder owning 28.17%[10]. Operating Costs and Expenses - Total operating costs for Q1 2023 were CNY 341,980,769.44, down 27.0% from CNY 467,766,088.54 in Q1 2022[20]. - Research and development expenses for Q1 2023 were CNY 12,058,871.61, a decrease from CNY 14,547,870.71 in Q1 2022[20]. - The company reported a financial expense of CNY 2,707,206.32 in Q1 2023, compared to a financial income of CNY -12,876.87 in Q1 2022[20]. - The decline in net profit was primarily due to significant decreases in the prices of major raw materials and products, despite stable production and sales volumes[8].