Financial Performance - The company's revenue for Q1 2023 was ¥579,537,662.79, a decrease of 14.63% compared to ¥678,845,377.47 in the same period last year[2] - Net profit attributable to shareholders was ¥499,499.78, down 99.15% from ¥58,605,913.03 year-on-year[2] - The company's basic earnings per share dropped to ¥0.0041, a decline of 99.36% compared to ¥0.6406 in the same period last year[2] - The weighted average return on equity was 0.02%, down from 6.91% year-on-year, indicating a significant decline in profitability[2] - The company experienced a 99.15% drop in net profit, attributed to significant declines in raw material prices and overall market demand[5] - Operating profit for the first quarter was CNY 1,947,534.95, down from CNY 63,289,638.60, indicating a decrease of about 96.91%[15] - The total profit for the first quarter was CNY 1,894,866.26, down from CNY 65,289,442.08, reflecting a decline of approximately 97.09%[15] Cash Flow and Investments - The net cash flow from operating activities improved to ¥9,495,777.58, a 107.40% increase from -¥128,257,322.54 in the previous year[5] - The net cash flow from investing activities was ¥1,799,975.89, an increase of 103.55% compared to the previous period[7] - The net cash flow from financing activities decreased to -¥31,190,718.60, a decline of 116.65% compared to the same period last year, primarily due to a reduction in bank borrowings[7] - Cash flow from operating activities was CNY 9,495,777.58, a recovery from a negative cash flow of CNY -128,257,322.54 in the same quarter last year[17] - Cash flow from investment activities generated a net inflow of CNY 1,799,975.89, compared to a net outflow of CNY -50,680,182.32 in the previous year[18] - The company’s total cash inflow from investment activities was CNY 246,860,417.36, compared to CNY 175,051.04 in the previous year, indicating a significant increase[18] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,536,748,915.90, a decrease of 4.62% from ¥3,708,007,017.35 at the end of the previous year[2] - The total liabilities decreased to CNY 1,036,557,620.02 from CNY 1,208,315,221.25, a reduction of 14.19%[13] - The company's cash and cash equivalents decreased to CNY 259,807,599.38 from CNY 324,216,128.48, a decline of 19.87%[12] - Accounts receivable decreased to CNY 622,207,578.29 from CNY 884,259,855.83, representing a reduction of 29.63%[12] - Inventory levels decreased to CNY 495,128,531.19 from CNY 697,306,238.08, a decrease of 29.05%[12] Shareholder Information - The total number of common shareholders at the end of the reporting period was 20,981, with the top ten shareholders holding significant stakes[7] - Wang Ruiqing held 18.76% of shares, amounting to 22,880,000 shares, while Li Xuan and Li Wen each held 9.84%, totaling 12,000,000 shares each[7] - The top ten shareholders include a mix of individual and institutional investors, indicating a diverse ownership structure[7] - The total number of restricted shares at the beginning of the period was 72,087,899.00, with 1,456,413.00 shares released during the period, leaving 70,631,486.00 restricted shares at the end[10] Strategic Focus - The company is focused on expanding its market presence and enhancing its product offerings through new technology development[8] - The company plans to maintain its growth trajectory by leveraging its existing shareholder base and exploring new investment opportunities[9] - The report indicates a strong commitment to innovation and market expansion as part of the company's long-term strategy[8] - The company plans to focus on new product development and market expansion strategies in the upcoming quarters[14] Cost Management - Total operating costs for Q1 2023 were CNY 600,186,122.46, down from CNY 613,108,099.00 in the previous year, reflecting a reduction of 2.99%[14] - Research and development expenses decreased by 53.69% to ¥9,348,583.85, reflecting reduced investment in technical upgrades and small-scale experiments[5] - The company reported a 60.76% decrease in trading financial assets, totaling ¥100,339,990.97, due to the maturity of structured deposits[5]
天力锂能(301152) - 2023 Q1 - 季度财报(更正)