*ST东洋(002086) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was ¥135,602,385.62, representing a 22.93% increase compared to ¥110,308,450.56 in the same period last year[8] - The net profit attributable to shareholders for Q1 2023 was ¥11,069,061.27, a significant turnaround from a loss of ¥10,672,833.98 in the previous year, marking a 203.71% improvement[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥565,325.34, an improvement of 95.26% from -¥11,921,114.69 in the previous year[8] - Basic and diluted earnings per share for Q1 2023 were both ¥0.01, a 200.00% increase from -¥0.01 in the previous year[8] - Total operating revenue for Q1 2023 was CNY 135,602,385.62, an increase of 22.9% compared to CNY 110,308,450.56 in the same period last year[22] - Net profit for Q1 2023 was CNY 11,009,690.46, a significant turnaround from a net loss of CNY 10,691,694.53 in Q1 2022[23] - Earnings per share for Q1 2023 was CNY 0.01, compared to a loss per share of CNY 0.01 in the previous year[24] - The total comprehensive income for Q1 2023 was CNY 10,724,816.46, compared to a loss of CNY 10,989,571.13 in the same quarter last year[24] Cash Flow and Liquidity - The net cash flow from operating activities was -¥24,726,935.83, a decline of 305.42% compared to -¥6,099,102.20 in the same period last year[8] - The company's cash and cash equivalents decreased from CNY 129,788,588.18 at the beginning of the year to CNY 100,544,241.35, a decline of approximately 22.5%[18] - The net cash flow from investment activities was -2,343,999.90, compared to -7,163,112.64 in the previous year, indicating a significant reduction in cash outflow[26] - The total cash and cash equivalents at the end of the period were 95,258,658.52, down from 198,344,145.05 year-over-year[26] - The net cash flow from financing activities was -1,056,057.93, compared to -974,812.50 in the previous year, showing an increase in cash outflow[26] - The cash flow impact from exchange rate changes was -866,806.81, compared to -201,468.89 in the previous year, reflecting a larger negative impact from currency fluctuations[26] - The company’s cash and cash equivalents decreased by 28,993,800.47 during the quarter, compared to a decrease of 14,438,496.23 in the previous year[26] Assets and Liabilities - Total assets at the end of Q1 2023 were ¥2,035,417,463.72, a 1.67% increase from ¥2,001,961,772.53 at the end of the previous year[8] - The equity attributable to shareholders at the end of Q1 2023 was -¥1,157,197,318.74, a slight improvement of 0.92% from -¥1,167,981,506.01 at the end of the previous year[8] - The company's total liabilities increased to CNY 3,178,570,692.32 from CNY 3,155,839,817.59, indicating a rise of 0.7%[20] - Total current liabilities rose from CNY 1,629,116,362.97 to CNY 1,654,322,527.73, an increase of approximately 1.5%[19] Shareholder Information - Total number of common shareholders at the end of the reporting period is 21,857[14] - The top ten shareholders hold a combined 13.22% of the shares, with Hunan Youhe Shenzhou being the largest shareholder[14] - The company has entered into a voting rights entrustment agreement with several shareholders, indicating a unified action relationship among them[15] - The company has not disclosed any participation in margin financing activities by the top ten shareholders[15] Challenges and Management Insights - The company reported non-recurring gains totaling ¥11,634,386.61 for the quarter, including government subsidies and other income[9] - The management highlighted that the increase in net profit was primarily due to the rise in operating revenue, while the decrease in cash flow was attributed to reduced cash outflows from operating activities[12] - The company has faced significant challenges, including a severe deterioration in financial conditions leading to an inability to provide a clear audit opinion on financial data[2] - The company is currently undergoing a pre-restructuring process, with uncertainty regarding the acceptance of the restructuring application by the court[16] Research and Development - Research and development expenses for Q1 2023 were CNY 5,206,606.49, a decrease from CNY 5,689,590.11 in Q1 2022[22] Audit and Reporting - The report for the first quarter was not audited, which may affect the reliability of the financial data presented[27] - The company’s board of directors released the first quarter report on April 29, 2023, providing timely updates to stakeholders[27]