正川股份(603976) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was CNY 225,554,847.36, representing a year-on-year increase of 0.41%[3] - The net profit attributable to shareholders decreased by 49.85% to CNY 12,994,745.54 compared to the same period last year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses also fell by 49.72% to CNY 10,786,507.71[3] - The basic and diluted earnings per share were both CNY 0.09, down by 47.06% year-on-year[3] - Total revenue for Q1 2023 was CNY 225,554,847.36, a slight increase of 0.41% compared to CNY 224,626,184.94 in Q1 2022[14] - Net profit for Q1 2023 was CNY 12,994,745.54, a decrease of 49.8% from CNY 25,910,867.89 in Q1 2022[15] - The total comprehensive income for the first quarter of 2023 was CNY 12,994,745.54, compared to CNY 25,910,867.89 in the same period of 2022, indicating a decrease of approximately 49.8%[16] - Basic earnings per share for Q1 2023 were CNY 0.09, down from CNY 0.17 in Q1 2022, reflecting a decline of 47.1%[16] Cash Flow and Liquidity - The net cash flow from operating activities increased significantly by 173.13% to CNY 39,221,086.61, mainly due to the maturity of bank acceptance bills[3][6] - Net cash flow from operating activities for Q1 2023 was CNY 39,221,086.61, a significant improvement from a net outflow of CNY 53,634,995.93 in Q1 2022[19] - Cash inflow from operating activities totaled CNY 237,657,119.10 in Q1 2023, compared to CNY 164,902,876.84 in Q1 2022, representing an increase of approximately 43.9%[19] - Cash outflow from operating activities decreased to CNY 198,436,032.49 in Q1 2023 from CNY 218,537,872.77 in Q1 2022, a reduction of about 9.2%[19] - The ending balance of cash and cash equivalents as of the end of Q1 2023 was CNY 141,004,035.98, down from CNY 313,825,947.96 at the end of Q1 2022, a decrease of approximately 55.1%[20] - The company experienced a net decrease in cash and cash equivalents of CNY 42,430,805.71 in Q1 2023, compared to a decrease of CNY 33,960,475.67 in Q1 2022, indicating ongoing liquidity challenges[20] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,011,134,906.46, a slight increase of 0.17% from the end of the previous year[4] - The company's total assets as of March 31, 2023, were CNY 2,011,134,906.46, compared to CNY 2,007,660,704.19 at the end of 2022[13] - Current assets totaled CNY 998,774,958.70, slightly up from CNY 991,745,118.14 at the end of 2022[12] - Total liabilities decreased to CNY 813,941,668.09 from CNY 823,465,211.36 at the end of 2022[13] - Cash and cash equivalents were CNY 182,611,697.04, down from CNY 212,432,533.40 at the end of 2022[12] - Accounts receivable increased to CNY 185,523,812.16 from CNY 141,283,714.62 at the end of 2022[12] - Inventory decreased to CNY 200,654,515.22 from CNY 209,426,565.25 at the end of 2022[12] Shareholder Information - The company reported a total of 23,842 common shareholders at the end of the reporting period[8] - The largest shareholder, Chongqing Zhengchuan Investment Management Co., Ltd., holds 39.07% of the shares[9] Government Support - The company received government subsidies amounting to CNY 931,555.48, which are closely related to its normal business operations[5] Research and Development - The company reported a decrease in research and development expenses to CNY 4,126,878.25 from CNY 4,888,245.32 in Q1 2022[15] Investment Activities - The net cash flow from investing activities was negative CNY 81,111,616.31 in Q1 2023, compared to a positive CNY 19,920,770.27 in Q1 2022, indicating a significant shift in investment strategy[19] - The company reported cash received from the recovery of investments amounting to CNY 110,000,000.00 in Q1 2023, an increase from CNY 100,000,000.00 in Q1 2022[19] Accounting Standards - The company plans to implement new accounting standards starting January 1, 2023, which may impact financial reporting and performance metrics going forward[20]