金禾实业(002597) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was ¥1,383,603,549.08, a decrease of 27.10% compared to ¥1,898,030,890.31 in the same period last year[11] - Net profit attributable to shareholders for Q1 2023 was ¥245,277,710.94, down 44.49% from ¥441,869,520.27 year-on-year[11] - The net profit after deducting non-recurring gains and losses was ¥197,044,819.35, a decline of 56.50% compared to ¥452,957,321.35 in the previous year[11] - Basic earnings per share for Q1 2023 were ¥0.44, down 44.30% from ¥0.79 in the previous year[11] - The total comprehensive income for the period attributable to the parent company's owners was CNY 245,185,549.49, down from CNY 442,050,217.98 in the previous period, representing a decrease of approximately 44.6%[25] - Basic earnings per share decreased to CNY 0.44 from CNY 0.79, reflecting a decline of about 44.3%[25] - Net profit for Q1 2023 was ¥245,401,588.00, a decrease of 44.4% compared to ¥441,785,771.93 in Q1 2022[41] - Operating profit decreased to ¥291,474,719.32 from ¥510,869,765.18, reflecting a decline of about 43%[41] - The total equity attributable to shareholders decreased to ¥245,277,710.94 from ¥441,869,520.27, reflecting a decline of about 44.5%[41] Cash Flow - The net cash flow from operating activities increased by 27.91% to ¥270,490,011.73 from ¥211,462,032.98 in the same period last year[11] - Net cash flow from operating activities increased to CNY 270,490,011.73, compared to CNY 211,462,032.98 in the previous period, marking an increase of approximately 27.9%[25] - Cash inflow from investment activities totaled CNY 1,132,909,444.91, up from CNY 1,037,128,411.59, indicating an increase of about 9.2%[26] - The net cash flow from investment activities was negative at CNY -426,460,880.06, an improvement from CNY -516,575,369.45 in the previous period[26] - Cash flow from financing activities showed a net increase of CNY 93,860,045.25, compared to CNY 73,192,242.46 in the previous period, reflecting an increase of approximately 28.5%[26] - The ending balance of cash and cash equivalents was CNY 2,182,801,487.32, compared to CNY 701,355,743.86 at the end of the previous period, representing a significant increase[26] - The company confirmed a total of ¥93,860,045.25 in net cash flow from financing activities, reflecting a 28.24% increase[31] Assets and Liabilities - Total assets at the end of Q1 2023 were ¥10,711,565,850.16, an increase of 3.59% from ¥10,340,843,944.46 at the end of the previous year[11] - Total liabilities increased to ¥2,813,924,202.32, up from ¥2,527,386,064.88, indicating a growth of about 11.3%[37] - The company reported a decrease in long-term borrowings to ¥484,998,000.00 from ¥616,249,000.00, a reduction of approximately 21.2%[37] - Deferred income tax assets decreased by 42.80% to ¥11,847,175.23, mainly due to a reduction in deductible temporary differences from fair value changes and bad debt provisions[31] - Deferred tax assets decreased to ¥11,847,175.23 from ¥20,710,920.93, a decline of approximately 42.8%[37] Expenses - The company's total operating costs for Q1 2023 were ¥1,149,797,559.24, compared to ¥1,360,203,050.91 in the same period last year[22] - Research and development expenses for Q1 2023 were ¥56,771,058.94, up from ¥44,734,648.37 in the previous year[22] - Financial expenses skyrocketed by 491.22% to ¥7,035,956.41, mainly due to increased exchange losses compared to the same period last year[31] - Other income grew by 70.80% to ¥16,623,202.90, primarily from increased government subsidies recognized during the reporting period[31] - Other income increased to ¥16,623,202.90 from ¥9,732,379.27, showing a growth of about 71.5%[41] Investments - Cash received from the recovery of investments was CNY 1,125,000,000.00, which is an increase from CNY 1,023,074,235.80 in the previous period[26] - The company reported government subsidies amounting to CNY 16,283,751.97, contributing positively to the financial results[29] - The fair value changes of financial assets held for trading resulted in a gain of CNY 39,412,627.86, indicating active management of financial instruments[29] - Prepayments increased by 74.99% to ¥229,191,569.83 due to higher material payments compared to the beginning of the year[31] - Debt investments surged by 396.23% to ¥153,966,493.15, primarily from the purchase of large time deposits that cannot be withdrawn early[31] - Construction in progress rose by 149.26% to ¥196,103,783.10, attributed to investments in the technical transformation of the sucralose project and infrastructure for the Dingyuan Phase II project[31] - Research and development expenses increased by 26.91% to ¥56,771,058.94, reflecting a greater investment in R&D during the reporting period[31] Shareholder Information - The total number of common shareholders at the end of the reporting period was 47,829, with Anhui Jinrui Investment Group holding 44.66%[32] - The company reported a weighted average return on equity of 3.43%, down from 7.32% in the same period last year[11] - The company experienced a credit impairment loss of ¥3,107,598.36, compared to a loss of ¥17,189,750.10 in the previous year[41]