回天新材(300041) - 2023 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2023 was CNY 1,077,706,421.83, representing an increase of 11.78% compared to CNY 964,121,755.35 in the same period last year[5] - Net profit attributable to shareholders for Q1 2023 was CNY 120,068,892.92, a growth of 35.50% from CNY 88,614,486.73 year-on-year[5] - The net profit after deducting non-recurring gains and losses was CNY 114,301,308.90, up 33.09% from CNY 85,881,220.38 in the previous year[5] - Basic earnings per share increased by 30.73% to CNY 0.2782 from CNY 0.2128 in the same quarter last year[5] - The total operating revenue for Q1 2023 was CNY 1,077,706,421.83, an increase of 11.8% compared to CNY 964,121,755.35 in the same period last year[24] - The net profit for Q1 2023 reached CNY 119,744,497.58, representing a significant increase of 35.2% compared to CNY 88,592,147.83 in Q1 2022[25] - The total comprehensive income for the first quarter of 2023 was CNY 120,108,998.05, compared to CNY 88,601,235.03 in the same period last year, representing an increase of approximately 35.5%[26] Assets and Liabilities - The total assets at the end of Q1 2023 were CNY 6,034,581,915.81, reflecting a 0.75% increase from CNY 5,989,749,676.38 at the end of the previous year[5] - The company's total liabilities were CNY 3,203,873,368.32, a decrease from CNY 3,261,926,250.92 in the previous year[23] - Non-current assets totaled CNY 2,475,012,902.14, an increase from CNY 2,076,056,927.39 year-over-year[23] - The company's total equity attributable to shareholders increased by 3.79% to CNY 2,824,575,493.23 from CNY 2,721,368,699.80 at the end of the previous year[5] Cash Flow - The company's cash flow from operating activities was CNY 37,851,699.06, showing a slight decrease of 0.04% compared to CNY 37,868,441.12 in the same period last year[5] - Cash inflow from operating activities totaled CNY 754,129,700.76, while cash outflow was CNY 716,278,001.70, resulting in a net cash flow of CNY 37,851,699.06[27] - Investment activities resulted in a net cash outflow of CNY 423,228,708.12, compared to a net outflow of CNY 78,415,071.80 in the previous year, indicating increased investment expenditures[29] - Cash inflow from financing activities was CNY 411,465,277.78, while cash outflow was CNY 297,096,673.76, leading to a net cash inflow of CNY 114,368,604.02[29] - The ending balance of cash and cash equivalents was CNY 754,062,567.36, compared to CNY 470,216,833.68 at the end of the previous year, showing a significant increase[29] Research and Development - Research and development expenses for Q1 2023 amounted to CNY 37,029,520.10, a significant increase of 39.88% from CNY 26,472,086.38 in the previous year[9] - Research and development expenses for Q1 2023 were CNY 37,029,520.10, up from CNY 26,472,086.38, indicating a year-over-year increase of 39.9%[24] Business Operations - The gross profit margin improved, with significant sales growth in the photovoltaic new energy sector, which reached record shipment volumes[17] - The company launched a new organic silicone sealant production line, which has already achieved full-load production[17] - The company is actively managing accounts receivable risks, leading to improved sales collection rates[17] - The export business unit has implemented optimization upgrades, enhancing management and profitability levels[17] - The company is experiencing positive growth in the new energy vehicle and power battery sectors, with successful development of lithium battery anode glue projects[17] Share Repurchase - The company plans to repurchase shares with a total amount not less than RMB 100 million and not exceeding RMB 200 million, with a maximum repurchase price of RMB 16.00 per share[18] - As of March 27, 2023, the company has repurchased 2,115,807 shares, accounting for 0.49% of the total share capital, with a total transaction amount of RMB 30.59 million[19] Other Financial Metrics - The company reported a decrease in credit impairment losses to CNY -14,539,527.02 from CNY -20,399,561.14 year-over-year[25] - The company received CNY 1,000,000.00 from the recovery of investments, up from CNY 103,550.74 in the previous year, indicating improved investment recovery[29] - The company reported a decrease in cash received from sales of goods and services, totaling CNY 708,718,575.34, down from CNY 766,697,262.24 in the same period last year, reflecting a decline of approximately 7.6%[27] - The company did not report any net profit from the merged entity prior to the merger, indicating no contribution to earnings from this activity in the current quarter[26]