新兴铸管(000778) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for the current period is ¥11,850,911,365.16, a decrease of 8.81% compared to the same period last year[1]. - Net profit attributable to shareholders is ¥341,176,665.91, down 40.02% year-over-year[1]. - The net profit excluding non-recurring gains and losses is ¥262,027,103.25, reflecting a decline of 53.19% compared to the previous year[1]. - Basic and diluted earnings per share are both ¥0.0855, down 40.00% from the same period last year[1]. - Total profit decreased to ¥407,953,555.77 from ¥823,070,846.66, a decline of 50.38%[34]. - Net profit for the period was ¥359,020,096.41, down from ¥640,752,950.03, reflecting a decrease of 43.93%[34]. Cash Flow - The net cash flow from operating activities is -¥2,747,392,151.56, a significant decrease of 489.16% year-over-year[1]. - The net cash flow from operating activities for the period was -¥2,747,392,151.56, compared to -¥466,320,404.92 in the previous period[27]. - The company reported a net cash decrease of ¥2,822,147,523.15 for the current period, compared to a decrease of ¥891,041,252.08 in the previous period[29]. - Net cash flow from investing activities is -¥303,000,958.41, compared to -¥573,035,902.97 in the previous period, indicating an improvement[29]. - Net cash flow from financing activities increased to ¥239,725,052.83 from ¥140,916,115.74, showing a growth of 70%[29]. Assets and Liabilities - Total assets at the end of the current period amount to ¥57,265,659,094.66, an increase of 2.41% from the end of the previous year[1]. - The company’s total equity attributable to shareholders reached ¥25,051,638,432.02, an increase from ¥24,640,152,384.39 at the beginning of the year[23]. - The total liabilities and equity amounted to ¥57,265,659,094.66, up from ¥55,916,879,108.90 at the beginning of the year[23]. - Total liabilities rose to ¥29,245,903,224.48 from ¥28,326,440,593.63, an increase of 3.2%[31]. - Cash and cash equivalents at the end of the period decreased to ¥6,724,198,360.97 from ¥7,530,366,927.35, a decline of 10.7%[29]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 136,712[17]. - The largest shareholder, Xinxing Cathay International Group Co., Ltd., holds 39.97% of shares, totaling 1,594,808,303 shares[17]. Revenue and Costs - Total operating revenue for the current period is ¥11,850,911,365.16, a decrease of 8.8% from ¥12,995,707,895.20 in the previous period[32]. - Total operating costs for the current period amount to ¥11,706,787,006.80, down from ¥12,222,855,571.53, reflecting a reduction of 4.2%[32]. - The company received cash from sales of goods and services totaling ¥10,511,688,206.28, a decrease from ¥11,575,372,844.15 in the previous period[27]. - The company paid cash for purchasing goods and services amounting to ¥12,100,978,267.45, compared to ¥11,406,424,821.59 in the previous period[27]. Research and Development - R&D expenses decreased by 38.28% as some projects were completed and new projects have not yet entered a high investment phase[4]. - Research and development expenses decreased to ¥78,081,614.19 from ¥126,506,735.56, a reduction of 38.2%[32]. Other Income and Expenses - Other business income decreased by 37.99% due to a reduction in material sales[4]. - Investment income increased by 143.89% due to higher returns from MSP and Wanxin Wanhui investments compared to the same period last year[4]. - The company achieved a significant reduction in income tax expenses by 73.16%, due to a decrease in total profit[43]. - Other comprehensive income after tax increased to ¥61,712,000.00 from -¥29,121,644.37, a significant turnaround[34]. - Revenue from asset disposal increased by 9507.06%, primarily due to an increase in intangible asset disposal gains of ¥48,584,900[43]. - The company reported a 51.87% increase in receivables financing, attributed to higher bill collection ratios[41]. Production and Market Insights - The overall steel production in the first quarter was approximately 262 million tons, a year-on-year increase of 6.1%[46]. - The company plans to optimize its structure and reduce costs to enhance profit margins in the steel products segment[46].