华宏科技(002645) - 2023 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2023 was ¥1,764,103,722.33, a decrease of 24.95% compared to ¥2,350,592,515.17 in the same period last year[5] - The net profit attributable to shareholders was a loss of ¥59,088,586.31, representing a decline of 123.25% from a profit of ¥254,145,067.99 in the previous year[5] - The total profit for the period was a loss of ¥87,300,883.98, a decline of 133.08% compared to a profit of ¥263,917,325.37 in Q1 2022[9] - The net profit for Q1 2023 was a loss of ¥63,321,032.84, compared to a profit of ¥252,826,320.91 in Q1 2022, indicating a significant decline[19] - The basic earnings per share for Q1 2023 was -0.1028, compared to 0.4477 in the same period last year[19] Cash Flow - The net cash flow from operating activities increased by 180.31% to ¥203,411,264.03, up from ¥72,565,554.61 in Q1 2022[5] - The company reported a net cash flow from operating activities of ¥203,411,264.03, an increase from ¥72,565,554.61 in the previous year[21] - The company's cash flow from investing activities showed a net outflow of ¥126,901,710.88, which was an increase in outflow compared to ¥69,081,270.97 in the previous year[9] - The net cash flow from investment activities was -126,901,710.88 CNY, compared to -69,081,270.97 CNY in the previous year[22] - The total cash inflow from financing activities was 47,380,000.00 CNY, down from 130,950,000.00 CNY year-over-year[22] - The net cash flow from financing activities was -39,395,248.20 CNY, a decrease from 55,545,735.00 CNY in the same period last year[22] - The cash and cash equivalents at the end of the period amounted to 795,624,284.89 CNY, up from 403,685,031.72 CNY year-over-year[22] - The net increase in cash and cash equivalents for the quarter was 36,900,516.46 CNY, compared to 58,875,342.45 CNY in the previous year[22] - The company incurred 10,098,995.61 CNY in cash payments for dividends and interest during the quarter[22] - The cash outflow for financing activities totaled 86,775,248.20 CNY, compared to 75,404,265.00 CNY in the previous year[22] - The impact of exchange rate changes on cash and cash equivalents was -213,788.49 CNY[22] Assets and Liabilities - The company's total assets as of March 31, 2023, were ¥6,653,178,140.95, reflecting a 2.79% increase from ¥6,472,800,314.90 at the end of the previous year[5] - The company's total assets amount to 6,653,178,140.95 CNY, an increase from 6,472,800,314.90 CNY at the beginning of the year[15] - Current assets total 4,229,226,811.88 CNY, up from 4,077,352,665.83 CNY at the start of the year[14] - Total liabilities are 2,645,552,497.37 CNY, compared to 2,380,889,288.37 CNY at the beginning of the year[15] - The company's inventory stands at 2,137,106,806.26 CNY, a decrease from 2,212,426,566.17 CNY[14] - The accounts receivable amount to 474,262,843.28 CNY, down from 511,906,530.11 CNY[14] - The company has a long-term equity investment of 58,482,027.62 CNY, slightly down from 58,627,559.00 CNY[14] Expenses - Research and development expenses decreased by 35.84% to ¥58,147,358.63, down from ¥90,634,647.10 in the same quarter last year[9] - Research and development expenses decreased to ¥58,147,358.63 from ¥90,634,647.10, representing a reduction of about 36%[18] - The company reported a significant increase in financial expenses, which rose by 340.71% to ¥16,940,700.16 due to increased interest expenses from convertible bonds[9] - The financial expenses rose to ¥16,940,700.16, compared to ¥3,843,975.33 in the previous year, indicating an increase of over 340%[18] - The company experienced a 406.28% increase in interest expenses, amounting to ¥16,120,519.04, attributed to the issuance of convertible bonds[9] - The company's inventory impairment loss was recorded at ¥139,580,676.69, primarily due to increased inventory write-downs[9] Strategic Initiatives - The company plans to focus on market expansion and new product development in the upcoming quarters to improve financial performance[19] - The company established a wholly-owned subsidiary, Ningbo Zhonghang Industrial Co., Ltd., with an annual production capacity of 4,000 tons of high-performance sintered neodymium iron boron[13] Shareholder Information - The total number of common shareholders at the end of the reporting period is 29,076[11] - Jiangsu Huahong Industrial Group Co., Ltd. holds 34.52% of shares, totaling 200,884,632 shares, which are pledged[11] Audit Status - The first quarter report was not audited[23]