Addsino (000547)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥542,469,136.76, a decrease of 46.16% compared to ¥1,007,558,614.07 in the same period last year[5] - The net profit attributable to shareholders was a loss of ¥115,250,238.63, representing a decline of 179.89% from a profit of ¥144,259,065.95 in the previous year[5] - The company reported a comprehensive loss attributable to the parent company of ¥-137,173,502.66, compared to a profit of ¥153,995,667.60 in the previous period[24] - Basic and diluted earnings per share for the current period are both ¥-0.07, down from ¥0.09 in the previous period[24] - The company’s operating profit turned negative at -134,860,434.92, contrasting with a profit of 175,339,451.25 in the same period last year[38] - The total profit for the quarter was -134,618,108.63, down from 175,613,864.23 year-over-year[38] Cash Flow and Liquidity - The net cash flow from operating activities improved to -¥53,317,858.32, an increase of 89.92% compared to -¥528,920,743.29 in the same period last year[5] - The net cash inflow from operating activities is ¥1,029,643,362.43, an increase from ¥704,865,931.62 in the previous period, representing a growth of approximately 45.9%[22] - The company plans to enhance cash flow management through accounts receivable factoring, which contributed to the improved cash flow from operating activities[11] - The total cash and cash equivalents at the end of the period amounted to 863.41 million, compared to 540.27 million in the previous period[25] - The company received government subsidies amounting to 39.07 million during the reporting period[28] - The non-operating income for the period was 36.64 million after tax and minority interest adjustments[28] Assets and Liabilities - The total assets at the end of the reporting period were ¥14,217,810,323.16, down 2.99% from ¥14,656,326,632.20 at the end of the previous year[5] - The total liabilities amount to ¥4,171,331,698.04, a decrease from ¥4,465,049,106.24 in the previous period, indicating a reduction of about 6.6%[21] - Total equity is reported at ¥10,046,478,625.12, down from ¥10,191,277,525.96, reflecting a decrease of approximately 1.4%[21] - The current liabilities total ¥3,840,769,037.99, a decrease from ¥4,116,917,295.78, representing a decline of approximately 6.7%[21] - The company’s long-term borrowings remain stable at ¥180,000,000.00, unchanged from the previous period[21] - The company’s total liabilities increased, with cash outflow for debt repayment reaching 188.63 million, compared to 139.50 million previously[25] Income and Expenses - The company reported a significant increase in other income, which rose by 142.52% to ¥39,285,298.59 due to increased government subsidies received[9] - The company experienced a 59.36% reduction in financial expenses, amounting to -¥4,098,609.75, primarily due to decreased interest income from deposits[9] - The company’s investment income decreased by 45.76% to -¥9,954,521.32, attributed to a decline in profits from associated companies[9] - Total operating costs for the current period are ¥700,935,319.46, down from ¥797,573,867.45, reflecting a reduction of about 12.1%[21] - The company reported a decrease in interest income from 21,188,378.26 to 16,667,019.87, a drop of approximately 21.5%[38] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 179,101[9] - The company’s major shareholders include China Aerospace System Engineering Co., Ltd. with 194.45 million shares, and China Aerospace Science and Industry Defense Technology Research Institute with 116.15 million shares[32] Inventory and Receivables - Accounts receivable increased from 3,226,965,039.56 to 3,120,541,835.72, a decrease of about 3.3%[35] - Inventory rose from 1,946,044,091.05 to 2,041,431,696.43, an increase of approximately 4.9%[35] - The company reported a significant increase in cash paid for other investment activities, totaling 370 million, compared to 80 million in the previous period[25] - The cash paid for employee compensation increased to 245.74 million from 205.04 million in the previous period[25] Audit and Reporting - The company’s cash flow statement for the first quarter has not been audited[44]