三川智慧(300066) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 reached ¥412,772,002.87, a significant increase of 162.07% compared to ¥157,505,906.34 in the same period last year[4]. - Net profit attributable to shareholders decreased by 48.50% to ¥17,528,353.64 from ¥34,036,198.48 year-on-year[4]. - Total revenue for Q1 2023 was 13,806,347.69, a decrease of 60.88% compared to 35,289,887.83 in the same period last year, primarily due to significant asset impairment losses from rare earth material price declines[9]. - Net profit for the quarter was ¥13,382,805.36, down from ¥33,704,622.30 in the same period last year, reflecting a decrease of approximately 60.3%[18]. - The net profit attributable to the parent company for Q1 2023 is CNY 17,528,353.64, a decrease of 48.6% compared to CNY 34,036,198.48 in the same period last year[19]. - The total comprehensive income attributable to the parent company for Q1 2023 is CNY 17,528,353.64, down from CNY 34,036,198.48, reflecting a similar decline of 48.6%[19]. - The basic and diluted earnings per share for Q1 2023 are both CNY 0.0169, compared to CNY 0.0327 in Q1 2022, indicating a 48.6% decrease[19]. Cash Flow - The net cash flow from operating activities was negative at -¥185,652,102.73, a decline of 312.03% compared to -¥45,058,376.66 in the previous year[4]. - Operating cash inflow increased by 146.18% to 545,515,129.02, driven by sales growth in the smart water business and new rare earth business revenue[9]. - Operating cash outflow rose by 174.20% to 731,167,231.75, mainly due to increased procurement costs for the new rare earth business[9]. - The net cash flow from operating activities for Q1 2023 is CNY -185,652,102.73, worsening from CNY -45,058,376.66 in the same period last year[22]. - Cash inflows from operating activities for Q1 2023 amount to CNY 545,515,129.02, significantly higher than CNY 221,595,413.59 in the previous year, representing an increase of 146.2%[22]. - Cash outflows from operating activities for Q1 2023 total CNY 731,167,231.75, compared to CNY 266,653,790.25 in Q1 2022, marking an increase of 174.8%[22]. - The net cash flow from investing activities for Q1 2023 is CNY -243,237,245.28, compared to CNY -113,259,717.50 in Q1 2022, indicating a decline of 115.5%[22]. - The net cash flow from financing activities for Q1 2023 is CNY 142,139,301.03, with no comparable figure from the previous year as this is the first report of such cash inflow[22]. - The report for Q1 2023 has not been audited[23]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,126,105,022.44, reflecting a 4.08% increase from the previous year[4]. - The company's total assets increased to ¥3,126,105,022.44 from ¥3,003,632,103.87 at the beginning of the year, marking a growth of about 4.1%[16]. - Current assets totaled ¥2,004,438,299.77, up from ¥1,880,890,241.95, which is an increase of approximately 6.6%[16]. - The total liabilities rose to ¥672,074,025.25 from ¥569,084,264.95, indicating an increase of around 18.1%[16]. - Cash and cash equivalents decreased to ¥225,521,736.67 from ¥512,363,248.10, a decline of approximately 56.0%[16]. - Accounts receivable slightly decreased to ¥561,609,181.24 from ¥591,219,199.89, a reduction of about 5.0%[16]. - Inventory increased significantly to ¥634,112,298.04 from ¥508,595,262.14, representing a growth of approximately 24.7%[16]. Research and Development - Research and development expenses rose by 38.54% to ¥14,463,836.11, driven by increased costs in smart water meter and software development projects[8]. - The company reported R&D expenses of ¥14,463,836.11, up from ¥10,440,444.39, reflecting an increase of about 38.7%[18]. Business Segments - The company reported a 50.14% increase in smart water meter shipments and a 33.55% growth in smart water business revenue[8]. - The sales revenue from rare earth oxides reached ¥21,035.34 million, showing a substantial increase compared to the previous year[8]. - The company experienced a significant decline in investment income from joint ventures, down 60.60%, resulting in a decrease of ¥1,098.71 million[8]. - The company faced a loss of ¥15,902,333.35 due to impairment losses on rare earth oxide inventory caused by significant price declines[8].