天山铝业(002532) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was ¥6,943,733,101.44, a decrease of 24.96% compared to ¥9,252,827,080.41 in the same period last year[2] - Net profit attributable to shareholders was ¥501,448,270.72, down 54.57% from ¥1,103,820,433.56 year-on-year[2] - The net profit after deducting non-recurring gains and losses was ¥313,427,448.76, a decline of 70.56% compared to ¥1,064,706,342.77 in the previous year[2] - Total operating revenue for Q1 2023 was CNY 6,943,733,101.44, a decrease of 25.0% compared to CNY 9,252,827,080.41 in the same period last year[14] - Net profit for Q1 2023 was CNY 505,849,046.57, a decline of 54.3% compared to CNY 1,106,687,615.67 in Q1 2022[15] - Earnings per share for Q1 2023 was CNY 0.11, down from CNY 0.24 in the same quarter last year[15] Cash Flow - The net cash flow from operating activities was ¥100,050,047.86, a significant drop of 92.79% from ¥1,387,245,884.62 in the same quarter last year[2] - The cash inflow from operating activities for Q1 2023 was ¥8,604,809,855.50, a decrease of 0.98% compared to ¥8,689,835,549.88 in Q1 2022[16] - The net cash outflow from operating activities was ¥100,050,047.86, significantly down from ¥1,387,245,884.62 in the previous year[16] - Cash inflow from financing activities increased to ¥3,332,550,000.00, up 100.05% from ¥1,663,500,000.00 in Q1 2022[17] - The net cash flow from financing activities was ¥274,378,743.38, recovering from a net outflow of ¥609,158,679.55 in the same period last year[17] - The total cash and cash equivalents at the end of Q1 2023 were ¥1,527,896,821.32, down from ¥1,739,108,481.01 at the end of Q1 2022[17] Assets and Liabilities - Total assets at the end of Q1 2023 were ¥55,981,643,220.95, a decrease of 1.29% from ¥56,715,767,322.32 at the end of the previous year[2] - The company's total liabilities decreased to CNY 32,636,635,144.35 from CNY 33,875,707,984.82 year-over-year, a reduction of 3.7%[13] - The total current liabilities decreased to CNY 23,300,966,505.37 from CNY 25,771,196,791.05, a decline of 9.6%[13] - The company's equity attributable to shareholders increased by 2.19% to ¥23,338,566,117.56 from ¥22,837,911,843.83 at the end of the previous year[2] - The total equity attributable to shareholders increased to CNY 23,338,566,117.56 from CNY 22,837,911,843.83, reflecting a growth of 2.2%[13] Research and Development - Research and development expenses increased by 47.27% to ¥54,593,688.54 from ¥37,070,750.28 year-on-year[5] - Research and development expenses for Q1 2023 were CNY 54,593,688.54, an increase of 47.3% compared to CNY 37,070,750.28 in Q1 2022[14] Government Support - The company received government subsidies amounting to ¥247,670,198.93, which is an increase of 381.01% compared to ¥51,489,544.02 in the previous year[5] - Other income for Q1 2023 was CNY 247,670,198.93, significantly higher than CNY 51,489,544.02 in the previous year, marking an increase of 380.5%[14] Investments and Projects - The company plans to invest RMB 437.39 million to accelerate the construction of a 200,000-ton battery aluminum foil project, aiming to create new profit growth points[9] - The company intends to invest USD 1.556 billion to establish a 2 million-ton alumina production line in Indonesia, enhancing resource security and supply capacity for its downstream aluminum industry[10] - The company has acquired 100% of PT Inti Tambang Makmur, gaining control over three bauxite mines, with a total area of approximately 30,000 hectares and exploration area of 259,000 hectares[10] Operational Efficiency - Accounts receivable decreased from RMB 716.39 million to RMB 547.13 million, indicating improved collection efficiency[12] - Inventory increased from RMB 9.53 billion to RMB 10.07 billion, reflecting a strategic buildup of stock[12] - The company's cash and cash equivalents decreased from RMB 8.82 billion at the beginning of the year to RMB 7.51 billion at the end of the quarter[12] - The company's non-current assets increased from RMB 31.81 billion to RMB 32.05 billion, indicating ongoing investments in long-term projects[12] - Jiangyin Xinren Aluminum Foil Technology Co., a wholly-owned subsidiary, received IATF16949:2016 quality management system certification, enhancing its market competitiveness[11] Cost Management - Total operating costs for Q1 2023 were CNY 6,537,852,426.03, down 16.8% from CNY 7,855,505,983.67 year-over-year[14] - The cash outflow for purchasing goods and services was ¥7,626,477,616.00, an increase of 12.36% compared to ¥6,787,328,914.37 in the previous year[16] - The cash paid for taxes in Q1 2023 was ¥563,318,977.75, up 106.66% from ¥272,433,500.77 in Q1 2022[16] - The cash paid to employees was ¥192,878,604.58, an increase of 8.93% compared to ¥178,332,521.11 in Q1 2022[16] - The cash outflow for investment activities was ¥456,025,158.44, slightly higher than ¥430,051,003.59 in the previous year[16]