YNHC(001896)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥3,102,113,980.10, a decrease of 17.70% compared to ¥3,769,278,936.81 in the same period last year[3] - The net profit attributable to shareholders was -¥418,939,154.99, showing an improvement of 9.36% from -¥462,384,656.38 year-on-year[3] - The net loss for the first quarter of 2023 was CNY 481,549,049.14, compared to a net loss of CNY 529,499,100.42 in the previous year, indicating an improvement[30] - The total comprehensive income amounted to -481,773,507.59 CNY, compared to -529,499,100.42 CNY in the previous period, indicating a reduction in losses[31] Cash Flow - The net cash flow from operating activities was -¥62,937,556.74, a decline of 120.41% compared to ¥308,371,198.66 in the previous year[3] - The company’s cash received from operating activities decreased by 59.37% to ¥73,236,933.67 from ¥180,247,384.54 in the previous year[14] - Operating cash flow generated a net outflow of -62,937,556.74 CNY, a significant decline from a net inflow of 308,371,198.66 CNY in the previous period[33] - Cash inflow from operating activities totaled 3,732,908,772.41 CNY, down from 4,450,971,478.34 CNY year-over-year, reflecting a decrease of approximately 16.2%[33] - Cash outflow from operating activities was 3,795,846,329.15 CNY, compared to 4,142,600,279.68 CNY in the previous period, a decrease of about 8.3%[33] - The net cash flow from financing activities was 480,395,170.50 CNY, down from 935,652,544.71 CNY in the previous period, indicating a decline of approximately 48.7%[34] Assets and Liabilities - Total assets at the end of Q1 2023 were ¥30,394,597,062.89, down 1.34% from ¥30,806,949,042.39 at the end of the previous year[4] - The total liabilities as of March 31, 2023, were CNY 26,825,646,069.51, compared to CNY 26,769,294,967.23 at the beginning of the year[28] - The company’s total liabilities due within one year decreased by 30.63% to ¥1,931,805,447.40, primarily due to the repayment of debts[10] - Long-term borrowings increased to CNY 13,748,728,728.07 from CNY 12,623,697,197.57, indicating a rise of 8.9%[28] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 82,617[17] - The largest shareholder, Henan Investment Group, holds 61.85% of the shares, totaling 943,700,684 shares[17] - The company issued 170,193,483 shares for asset acquisition and fundraising, which became tradable on January 6, 2023[19] Financing Activities - The company issued a short-term financing bond with a total amount of ¥500 million at an interest rate of 3.05% on March 20, 2023[23] - The company provided a guarantee for a bank credit application of ¥480 million for its subsidiary, with a guarantee period of 2 years[24] - The company received cash from loans amounting to ¥3,734,637,676.89, an increase of 57.07% compared to the same period last year[15] - The cash paid for debt repayment was ¥2,911,736,697.22, reflecting a significant increase of 124.76% year-on-year[15] - The cash paid for other financing activities was ¥151,523,914.77, which is up by 56.68% compared to the previous year[15] Research and Development - Research and development expenses increased to ¥286,911.48, reflecting the company's commitment to innovation projects[12] Inventory Management - The company experienced a 34.25% reduction in inventory, decreasing from ¥1,174,783,046.92 to ¥772,422,389.42, primarily due to the end of the heating season[10] - The company's inventory decreased significantly to CNY 772,422,389.42 from CNY 1,174,783,046.92, a decline of 34.2%[26] Management Changes - The company appointed a new Chief Financial Officer and a new Securities Affairs Representative in early 2023[20]