龙佰集团(002601) - 2023 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2023 was ¥6,972,260,816.27, representing a 14.91% increase compared to ¥6,067,662,670.06 in the same period last year[5] - Net profit attributable to shareholders decreased by 45.55% to ¥579,423,850.87 from ¥1,064,044,660.01 year-on-year[5] - Basic and diluted earnings per share fell by 46.67% to ¥0.24 from ¥0.45 in the same period last year[5] - Total operating revenue for Q1 2023 was CNY 6,977,004,052.05, an increase of 14.8% compared to CNY 6,078,580,531.22 in the same period last year[21] - Net profit for Q1 2023 was CNY 628,837,606.96, down 43.7% from CNY 1,117,191,630.85 in Q1 2022[22] - Operating profit decreased to CNY 747,590,520.24, a decline of 42.2% from CNY 1,293,520,606.59 year-over-year[22] - The company reported a total comprehensive income of CNY 620,847,598.95, a decrease from CNY 1,120,060,572.97 in Q1 2022[23] Cash Flow - The net cash flow from operating activities was ¥277,696,657.86, down 48.33% from ¥537,491,223.29 in the previous year[5] - Cash flow from operating activities generated a net amount of CNY 277,696,657.86, a decrease of 48.7% compared to CNY 537,491,223.29 in Q1 2022[26] - The net cash flow from financing activities increased by 91.02% to ¥2,204,979,216.33, mainly due to increased borrowings[11] - In Q1 2023, the net cash flow from financing activities was CNY 2,204,979,216.33, an increase of 91% compared to CNY 1,154,299,364.24 in Q1 2022[27] - The net increase in cash and cash equivalents for the quarter was CNY 1,301,564,197.83, compared to CNY 747,283,886.65 in the same period last year, representing a growth of approximately 74%[27] - The ending balance of cash and cash equivalents reached CNY 3,707,164,052.55, up from CNY 2,609,137,559.07 in Q1 2022, marking an increase of around 42%[27] Assets and Liabilities - Total assets increased by 3.55% to ¥61,286,224,893.89 from ¥59,185,986,596.16 at the end of the previous year[6] - The company's cash and cash equivalents reached CNY 9.16 billion, up from CNY 8.73 billion at the beginning of the year, indicating an increase of about 4.9%[16] - Accounts receivable rose by 30.06% to ¥2,930,404,855.87, primarily due to increased sales revenue and outstanding receivables[11] - Total current liabilities decreased to CNY 25.55 billion from CNY 26.18 billion, a reduction of about 2.4%[18] - Long-term borrowings rose to CNY 10.45 billion from CNY 8.41 billion, marking an increase of approximately 24.3%[18] - The total equity of Longbai Group was CNY 23.95 billion, slightly down from CNY 24.00 billion at the beginning of the year, a decrease of approximately 0.2%[18] - The company's total liabilities increased to CNY 37.34 billion from CNY 35.92 billion, reflecting a growth of about 3.9%[18] Expenses - The company's financing costs surged by 114.77% to ¥88,913,259.18, attributed to higher interest expenses and reduced exchange gains[11] - Research and development expenses increased to CNY 333,254,997.44, up 19.3% from CNY 279,259,945.64 in the previous year[21] - The financial expenses increased to CNY 88,913,259.18, compared to CNY 41,399,348.56 in the previous year[22] - The company reported a decrease in employee compensation payable from CNY 356.67 million to CNY 200.46 million, a decline of about 43.8%[18] Other Information - The report for Q1 2023 was not audited[28]