星源材质(300568) - 2023 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2023 was CNY 664,728,704.86, a slight increase of 0.04% compared to CNY 664,448,341.17 in the same period last year[4]. - Net profit attributable to shareholders was CNY 182,926,962.40, representing a growth of 9.16% from CNY 167,580,779.13 year-on-year[4]. - The total revenue for Q1 2023 was approximately CNY 473.36 million, a slight increase from CNY 466.82 million in Q1 2022, representing a growth of 1.16%[18]. - The net profit attributable to the parent company was CNY 182.93 million, up from CNY 167.58 million in the same period last year, indicating a growth of 9.14%[19]. - The total comprehensive income attributable to the parent company was CNY 180.99 million, compared to CNY 147.87 million in the previous year, reflecting an increase of 22.39%[19]. - The basic and diluted earnings per share for Q1 2023 were both CNY 0.14, down from CNY 0.22 in Q1 2022, indicating a decrease of 36.36%[19]. Cash Flow and Investments - The net cash flow from operating activities decreased by 43.60%, amounting to CNY 161,447,637.47 compared to CNY 286,266,897.25 in the previous year[8]. - The cash inflow from investment activities was CNY 1.64 billion, significantly higher than CNY 271.72 million in the previous year, marking an increase of 504.06%[21]. - The cash outflow for investment activities totaled CNY 2.42 billion, compared to CNY 553.20 million in Q1 2022, resulting in a substantial increase of 338.73%[21]. - The net cash flow from financing activities was CNY 276.42 million, compared to CNY 86.99 million in the same period last year, showing an increase of 217.66%[21]. - The company's cash and cash equivalents stood at CNY 3.09 billion, down from CNY 3.13 billion, a decrease of about 1%[16]. - The cash and cash equivalents at the end of Q1 2023 were CNY 945.70 million, an increase from CNY 734.85 million at the end of Q1 2022[21]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 14,221,260,874.13, up 3.80% from CNY 13,701,183,703.59 at the end of the previous year[4]. - Current assets totaled CNY 6.83 billion, slightly up from CNY 6.78 billion, indicating a growth of about 0.8%[16]. - Total liabilities rose to CNY 5.44 billion, compared to CNY 5.12 billion, marking an increase of around 6.4%[17]. - Long-term borrowings increased significantly to CNY 2.69 billion from CNY 2.20 billion, representing a growth of approximately 21.3%[17]. - Short-term borrowings decreased to CNY 755.19 million from CNY 787.35 million, a reduction of approximately 4.5%[17]. - Inventory levels increased to CNY 300.34 million from CNY 283.70 million, reflecting a growth of approximately 5.8%[16]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 78,669, with the largest shareholder holding 13.15% of the shares[9]. - The company’s major shareholder, Chen Liang, completed a share reduction plan, reducing his holdings by up to 24,274,845 shares, which is 1.90% of the total share capital[14]. - The company’s major shareholder, Chen Xiufeng, holds 42,124,148 shares, making him the second-largest shareholder[10]. - The top ten shareholders hold a total of 62,328,554 shares, with Hong Kong Central Clearing Limited being the largest shareholder[10]. - The company has not disclosed any related party relationships among the top shareholders[10]. - The company’s total restricted shares at the beginning of the period were 259,916,686, with 2,444,648 shares released during the period[12]. Research and Development - Research and development expenses increased by 63.84%, reaching CNY 51,548,952.13, reflecting the company's commitment to new technology and product development[7]. - The company plans to invest 10 billion RMB in a lithium battery separator production base in Nanhai District, Foshan, with an expected annual production capacity of 3.2 billion square meters of wet separators, 1.6 billion square meters of dry separators, and 3.4 billion square meters of coated separators[13]. - The company established a wholly-owned subsidiary, Xingyuan Materials (Foshan) New Materials Technology Co., Ltd., to facilitate the construction of the new production base[13]. - The company’s stock incentive plan includes a total of 92,075,300 restricted shares granted at a price of 11.73 RMB per share[13]. - The company’s stock incentive plan was adjusted to increase the reserved stock from 621,800 shares to 931,700 shares due to a stock dividend distribution[13]. Other Financial Metrics - The weighted average return on net assets decreased to 2.15%, down 1.71% from 3.86% in the previous year[4]. - The company’s total equity attributable to shareholders increased by 2.25% to CNY 8,625,568,680.65 from CNY 8,435,362,488.61 at the end of the previous year[4]. - The equity attributable to shareholders rose to CNY 8.78 billion from CNY 8.58 billion, an increase of about 2.3%[17]. - The company reported a decrease in employee compensation payable to CNY 45.78 million from CNY 93.69 million, a reduction of approximately 51%[17]. - The company reported a foreign currency translation loss of CNY 1.94 million, compared to a loss of CNY 19.71 million in the same period last year, indicating an improvement[19].